Praxis, a self-described "internet-native alliance" project, just announced that it had secured $525 million in funding to develop the world's first "Network State." According to the project's blog post on October 16, this initiative, aimed at creating a new...
Ripple is making its entry into the crypto custody market with its latest product offering: a suite of new services aimed at helping financial institutions manage digital assets on behalf of their clients. As reported by CNBC on October...
Dubai, Switzerland, and South Korea have been identified as the top global hubs for cryptocurrency businesses in 2024, according to a recent report by Social Capital Markets(SCM). SCM stated that it judged the countries based on five key parameters:...
A generational shift in investment choices is ongoing among investors in the United States. According to the 2024 Study of Wealthy Americans recently published by the Bank of America, young investors are diverging from the traditional investment paths favoured...
Binance has released its Proof-of-Reserves (PoR) report for September 2024, and it reveals a big struggle for the cryptocurrency market during the month. The report marks the 23rd update on Binance's reserves and shows notable declines in Bitcoin, Ethereum,...
Bitget has announced that it will fully reimburse users affected by the sudden 50% drop in the value of its native token, BGB, which occurred on October 7, 2024. At around 3:45 a.m., the value of BGB plunged from...
Vietnamese provincial police have reportedly apprehended five individuals involved in a sophisticated crypto scam network led by offshore criminals. Local media reports that on October 4, authorities in Nghe An, a province bordering Laos and the Gulf of Tonkin,...
Over 185 South Koreans in their 20s hold digital assets valued at over $750,000 each, according to data from local exchanges Upbit and Bithumb. Local media outlet Maeil Business Newspaper reported on October 3 that both crypto exchanges disclosed...
Kraken has announced it will delist Monero (XMR) for users in the European Economic Area (EEA) due to evolving regulatory obligations. As per a blog post from the U.S.-based crypto exchange, XMR trading and deposits, including XMR/USD and XMR/EUR,...
The Australian Federal Police (AFP) announced they had successfully "deciphered" a seed phrase granting access to $6.4 million (9.3 million Australian dollars) worth of cryptocurrencies linked to a suspect. The individual, Jay Je Yoon Jung, is accused of creating...
