Blockchain Financial News

Justin Sun-linked crypto exchange HTX has seen $248 million in net outflow since resuming operations after a major security breach last month.

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

South Korean financial regulators have said NFTs are not subject to the same rules as cryptoassets, a ruling that may buoy token issuers and blockchain gaming firms.

On November 28, 2023, Fireblocks, an innovative digital asset operations platform, announced the introduction of 'Off Exchange', a first-of-its-kind solution aiming to revolutionize the way institutional traders interact with digital asset exchanges. This groundbreaking platform is designed to mitigate the inherent counterparty risks that have long plagued the crypto trading market.

Hive Digital Technologies, a prominent player in cryptocurrency mining, has recently announced a significant expansion of its global operations. The company's latest move involves the acquisition of a new property and data center in Boden, Sweden. This acquisition is set to enhance Hive's Bitcoin production capabilities significantly.

Vitalik Buterin, the founder of Ethereum, presents a compelling narrative on techno-optimism in his latest article. He starts by acknowledging the influence of Marc Andreessen's «techno-optimist manifesto» and the ensuing debate it sparked among thought leaders. Buterin’s take is both warm and nuanced, believing in a future brightened by transformative technology while recognizing the importance of direction in technological advancements.

The revenues of Dunamu, the parent company of Upbit, one of the most prominent cryptocurrency exchanges in South Korea, dropped by an astounding 81% during the third quarter of 2023, according to the company's report. The performance of the corporation during the same quarter of the previous year stands in striking contrast to this dramatic fall made by the company. Dunamu had reported a net profit of 159.9 billion KRW (about $123 million) in the third quarter of 2022, but this number dropped to only 29.5 billion KRW (roughly $23 million) in the third quarter of 2023.

In the ever-volatile world of cryptocurrencies, stablecoins have emerged as a haven for investors looking to hedge against market unpredictability.

Bitcoin ETF token Our top pick for the best crypto to buy ahead of the next bull run is Bitcoin ETF Token. Typically, Bitcoin-related tokens perform well alongside the market leader. However, the newly launched presale Bitcoin ETF Token offers a one-of-a-kind use case and is closely tied to the widely anticipated Bitcoin ETF approvals. The project features multiple tools to reward holders as the Bitcoin ETFs are approved. The most hyped is its deflationary mechanism, which drives scarcity and fear of missing out (FOMO) into the project, potentially skyrocketing its price. Bitcoin ETF Token’s burn mechanism is two-fold. First, it has allocated 25% of its total supply to be burned across five key Bitcoin ETF Milestones. Second, it features a 5% burn tax on transactions, which will be reduced by 1% at each milestone. It also boasts a staking mechanism which currently offers a 97% APY. Presale buyers can start staking and compounding their investment immediately, but they must be quick as the rewards decrease as more people stake tokens.

This week JPMorgan Chase (JPM) CEO Jamie Dimon expressed his opposition for cryptocurrencies and bitcoin at a Senate hearing, albeit not for the first time.

U.S. Congress released the National Defense Authorization Act for 2024 this week, but failed to include crypto provisions in the critical piece of legislation.

While United States federal policymakers look to implement cryptocurrency and blockchain regulations, state-led organizations are taking initiatives to ensure that policy focused on cryptocurrency and blockchain adoption pass within the U.S. This is important to consider given that federal U.S. policymakers continue to remain divided on policy focused on cryptocurrency and blockchain technology usage.

A hacker who targeted the Uranium Finance DeFi platform in 2021 may have attempted to launder their stolen crypto gains by using “Magic: The Gathering” trading cards.

The Other Party debuted in the UK today with a commitment to decentralize power and restore it to the public using blockchain technology.

Green Bitcoin ($GBTC) is a multi-use cryptocurrency that allows investors to earn rewards while making predictions on the future price of Bitcoin. The platform follows a more sustainable model – deployed on Ethereum’s proof-of-stake (PoS) consensus.

Shiba Inu (SHIB) recently recorded a price of $0.0000095, showcasing resilience and real-world impact. Polkadot (DOT) recorded a price of $5.98, fueled by Web3 Foundation's $1 million investment. VC Spectra (SPCT) revolutionizes crypto investments, raising $2.4 million in public presale.

AI and metaverse technologies firm Futureverse and American sports culture brand Reebok have joined hands to create AI, Web3, blockchain-based gaming, and metaverse experiences.

On Friday, the leading cryptocurrency Bitcoin, recently witnessed a minor retreat, touching the $43,500 mark, down by over 1% on Friday. The dip comes amidst a backdrop of significant developments, including the closure of an $18 million fundraising round by Babylon Chain aimed at bolstering Bitcoin staking initiatives.

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

Recently, the governing body of the Cosmos Hub approved a significant change to the blockchain's economic model. The community voted to reduce the maximum inflation rate of ATOM, the native token of Cosmos Hub, from its current rate of around 14% to a new cap of 10%. This change is expected to reduce the Staking Annual Percentage Rate (APR) from approximately 19% to about 13.4%.

The Most Valuable Builder (MVB) accelerator program, which is a collaborative project between BNB Chain and Binance Labs, has been in the forefront of supporting Web3 builders and fostering the development of the BNB Chain ecosystem ever since it was first introduced in 2021. This forward-thinking program, which is well-known for its intense accelerator structure that lasts for ten weeks, has been instrumental in bringing early-stage businesses to the forefront of the blockchain and Web3 worlds.