Arthur Cheong, founder of DeFiance Capital, has voiced serious concerns over what he describes as rampant price manipulation in the cryptocurrency market—an issue he believes threatens the very foundation of investor trust. In an X post, Cheong warned that many token projects now collaborate closely with market makers behind the ...
Metaplanet has increased its Bitcoin holdings by acquiring an additional 319 BTC, raising its total to 4,525. This recent purchase, valued at around ¥3.78 billion ($26.3 million) at an average price of ¥11.85 million ($82,549) per Bitcoin, highlights the company's ambitious expansion strategy in the cryptocurrency market. The company currently ...
A Chinese court has sentenced nine individuals involved in a telecom fraud ring that defrauded over 66,000 Indian victims, laundering the proceeds through Tether's USDT stablecoin. The operation, which stole 517 million Indian rupees (approximately $6.2 million), was orchestrated through fake investment platforms, according to The Global Times. The scheme ...
A prominent Russian economist has suggested that Moscow’s cryptocurrency adoption may have significantly stabilized the ruble in recent months. This claim was made by Professor Oleg Vyugin from the National Research University Higher School of Economics (HSE), according to a report by Russian news outlet RIA Novosti. Vyugin, who has ...
Ethereum co-founder Vitalik Buterin has proposed a new strategy to enhance user privacy on the Ethereum network without significant changes to its core infrastructure. In an April 11 post on the Ethereum Magicians forum, he outlined ways for wallets and developers to integrate privacy tools, such as Railgun and privacy ...
Standard Chartered and OKX have launched the Collateral Mirroring Program to enhance institutional investors' trading experience in the cryptocurrency market. This program addresses the complexities and costs of managing collateral across multiple platforms. This can be a significant hurdle for investors seeking to benefit from high returns and diversification in ...
MEXC has solidified its position as one of the top three global centralized exchanges (CEXs), with impressive net monthly inflows of $1.79 billion in March, marking a 12.4% increase from the previous month. Despite a broader market slowdown, the Seychelles-based exchange has maintained robust momentum, attracting $77.5 million in net ...
Brazil's central bank digital currency (CBDC), Drex, is encountering significant hurdles regarding privacy as it approaches its anticipated launch in late 2024. Recent reports indicate waning support from external partners, exacerbating concerns about the platform's ability to maintain user privacy. Drex aims to streamline financial transactions and enhance financial inclusion ...
Japan's Financial Services Agency (FSA) has released a discussion paper proposing a new regulatory framework for digital assets, titled "Verification of the State of the System Related to Crypto Assets." The paper suggests classifying cryptocurrencies into two categories based on fund distribution. The FSA seeks public feedback on the proposal ...
MoonPay, a leading provider of cryptocurrency payment infrastructure, has unveiled MoonPay Labs, an accelerator program aimed at supporting early-stage Web3 startups. The initiative will provide pre-seed and seed-stage technical teams with capital, product support, and growth strategies. MoonPay Labs will operate on an evergreen model, selecting up to five startups ...
