BingX confirms ‘minor’ losses amid panic over hot wallet movements

Japanese financial services firm SBI has acquired a 90% stake in trading firm B2C2, hopes to attract institutional investors into crypto. 1732 Total views 14 Total shares Japanese financial giant SBI has completed another cryptocurrency-related acquisition in a move to bring more adoption to the industry. SBI Financial Services, a subsidiary of SBI Holdings, has…

"I am now going to take a one-month vacation with my wife and kids and go build my next project. Long live Sushi," said Joseph Delong. 1345 Total views 31 Total shares Late Wednesday, Joseph Delong, chief technology officer of SushiSwap, the thirteenth largest decentralized exchange, or DEX, by trading volume, tendered his immediate resignation…

Users can choose to complete quest-like directives to receive Airheads or outright purchase the inscribed art through a “Whale Pass.”

The CBOE has filed an application with the United States Securities and Exchange Commission to list the Bitcoin (BTC) exchange-traded fund proposed by asset manager Van Eck. If the Bitcoin ETF receives a green signal from the regulators, it could boost market sentiment and attract several new investors to the crypto space.Crypto market data daily…

The Fed is looking at issuing a central bank digital currency, but can’t point to any concrete progress. 2384 Total views 47 Total shares In a hearing on June 17 before the House Committee on Financial Services, Chairman of the Federal Reserve Jerome Powell got into an exchange with Representative Tom Emmer (R-MN) over the…

The Maker (MKR) community is looking for solutions after an analysis by B.Protocol suggested that it is possible to exploit the liquidation system to create under-collateralized debt. The researchers created small vaults for $128, just above Maker’s “dust” parameter that defines the minimum size for new vaults. As Maker’s oracles updated to new prices that made…

There’s been a sharp decline in interest for the “metaverse” keyword in Google search. However, while the hype may be waning, it seems that companies are still very keen on dipping their toes into the virtual world.In March alone, companies have either launched or revealed plans to build metaverse offices that would be used for…

Led by Belgian financial services firm Euroclear, the latest French CBDC trial involved a system by tech giant IBM. 647 Total views 43 Total shares The central bank of France continues actively exploring a central bank digital currency (CBDC), completing a significant trial of a blockchain-based CBDC in the country’s debt market.Over 500 institutions in…

Insurance is key for financially securing important assets. Yet, the cryptocurrency sector — which is predicted to reach a global market size of $4.94 billion by 2030 — may be lagging behind when it comes to insuring digital assets. For instance, it’s been noted that less than 1% of all crypto investments are currently insured. This…