In recent news, Hong Kong’s financial regulators have completed a consultation period regarding a licensing program initiative for fiat-referenced stablecoin (FRS) providers. This initiative has garnered significant attention from various stakeholders, including market participants, industry associations, and professional organizations. The Monetary Authority (HKMA) and the Financial Services and Treasury Bureau (FSTB) jointly announced this significant
In recent times, XRP has stood out as one of the top-performing cryptocurrency assets as the market experiences a gradual recovery. The digital asset managed to reach $0.62, a price level not seen since March, showcasing its resilience and potential for growth. Over the past week, XRP has seen an impressive increase of over 40%,
In the volatile world of cryptocurrency, Bitcoin recently experienced a significant price surge, reaching $66,000 for the first time in approximately a month. This uptick follows a tumultuous period where the price of Bitcoin plummeted to a three-month low of under $54,000 on July 5. However, since then, the digital asset has managed to bounce
Cardano (ADA) has recently experienced a 40% bounce back from its lowest point this month, but it still remains 45% below its peak earlier in the year. Despite being a major player in the cryptocurrency space, Cardano has been facing significant pressure in recent months. Data from DeFi Llama indicates a decline in developer interest,
Australian computer scientist Craig Wright’s assertion that he is the true identity behind Bitcoin’s mysterious creator, Satoshi Nakamoto, has landed him in hot water. In a recent ruling in the ongoing Crypto Open Patent Alliance (COPA) vs. Wright case, High Court Justice James Mellor has escalated the situation by referring Wright’s behavior to the Crown
Delabs Games, a prominent South Korean game development company, has recently unveiled their latest creation: Giga Chad Bat. This clicker game, centered around baseball, is now available on the popular messaging platform Telegram. With a focus on Web3 capabilities and user engagement, Giga Chad Bat aims to make a mark in the competitive world of
Over the past seven years, there has been a significant uptick in lobbying expenditures in the crypto industry, as highlighted by a recent study from Social Capital Markets. The study reveals a staggering 1,386% increase in lobbying spend by crypto companies, skyrocketing from $2.72 million in 2017 to $40.42 million in 2023. This exponential growth
The decentralized finance (DeFi) platform LI.FI protocol recently fell victim to a major exploit, resulting in a loss of over $8 million. Reports from Cyvers Alerts indicated the detection of suspicious transactions within the LI.FI cross-chain transaction aggregator, leading to the confirmation of the breach by LI.FI on July 16. The team advised users to
The US spot Bitcoin ETFs have demonstrated remarkable resilience, recording a daily net inflow of $301 million on July 15th. This impressive performance marks their seventh consecutive day of net inflows, signaling a strong investor interest in the cryptocurrency market amid a broader market recovery. Notably, none of the ETFs experienced outflows on that day.
Axie Infinity, the popular blockchain-based game, is set to revolutionize the gaming experience with its upcoming expansion, Homeland. One of the most anticipated features of this expansion is Avatar Mode, which allows players to become the avatar that navigates the immersive world of Lunacia. This new mode opens up a world of possibilities for exploration
