Day: 5 November 2024

Introduction DeFi is revolutionizing financial systems all over the world by giving mainstream financial services an alternative that is more transparent, accessible, and open source in nature. Most of the underlying infrastructures of DeFi are blockchain-based; hence, users can access financial services such as lending, borrowing, and trading without intermediaries. ...

Once again, the defunct Mt. Gox exchange has moved a significant amount of Bitcoin from its wallets to unknown wallet addresses. According to blockchain analytics firm Arkham Intelligence, the transaction involved a total of 32,371 BTC, of which 30,371 BTC was moved to an unknown wallet address while the remaining ...

British multinational bank Standard Chartered, in collaboration with Ant International, successfully conducted liquidity transfers denominated in Singapore dollars (SGD) through Ant International’s blockchain-based Whale platform, according to The Asian Banker. The report, which was published today, November 5,  detailed that Standard Chartered integrated Ant International’s Whale platform to improve the ...

Worldwide Stablecoin Payment Network (WSPN) has announced a strategic partnership with Viction, a global Layer-1 blockchain project, and crypto exchange Ninety-Eight (formerly known as Coin98), to drive the adoption of its Worldwide USD (WUSD) stablecoin, particularly in emerging markets. In its announcement, WSPN noted that this partnership aims to elevate ...

Bitget has announced a new initiative to support women-led startups in the Web3 space. As part of its $10 million Blockchain4Her program, the exchange’s new competition tagged "Pitch n Slay" aims to empower women entrepreneurs in the blockchain space by offering the opportunity to secure funding of up to $100,000, ...

Binance is placing a strong emphasis on Thailand as part of its global efforts to drive mainstream adoption of digital assets, according to the company's Chief Marketing Officer, Rachel Conlan. In an interview with The Bangkok Post, Conlan highlighted Thailand as one of Binance's top 20 global markets, with an ...

A consortium of cryptocurrency and traditional finance companies, including Robinhood, Galaxy Digital, Kraken, and Paxos, has been established to back the latter's newest stablecoin offering, the Global Dollar (USDG).  According to a statement released on November 5 by Paxos, the newly established "open network",  called "The Global Dollar Network," aims ...

Binance has asked that the court dismiss the amended complaint of the U.S. Securities and Exchange Commission (SEC) in their ongoing lawsuit regarding its alleged violations of U.S. securities law. The SEC's amended complaint, which was filed in September 2024, added tokens such as Axie Infinity (AXS), Filecoin (FIL), Cosmos ...

Rooch Network co-founder Haichao Zhu's robbery attack in Bangkok early this morning sparked concern in the crypto community as it occurred a few days before Ethereum's highly anticipated Devcon 7 conference in the city.  Zhu reported in a post on X that he was a victim of a knifepoint robbery ...

Bitcoin mining hashrate marketplace NiceHash is set to host a two-day conference in Maribor, Slovenia, on November 8 to celebrate its 10-year anniversary. The event, known as NiceHashX and dubbed the "Bitcoin Conference on the Sunny Side of the Alps," will bring together prominent industry figures to discuss issues like ...