Binance introduced the XAI token on January 5, with a strategy to attract investor interest using a ticker name that strikingly resembles Elon Musk’s AI startup, xAI. The largest cryptocurrency exchange, Binance, released an XAI token launch pool where users can stake tokens to earn XAI as a reward. Having had coincidences with Elon Musk’s … Read more
Uniswap, a leading decentralized exchange (DEX), has made a major move by launching on the Avalanche network, resulting in a paradigm shift in the decentralized finance (DeFi) space. Quick facts: This strategic deployment comes at a time when DEX trading volumes have skyrocketed, pushing the boundaries of the crypto market and highlighting the growing importance … Read more
In a groundbreaking move, Google Play has implemented a policy update that allows game developers to integrate non-fungible tokens (NFTs) and offer NFT rewards within their apps. Quick facts: Joseph Mills, the group product manager of the Google Play store, revealed in a recent blog post that the platform has implemented a policy change, allowing … Read more
PricewaterhouseCoopers (PwC) has released its fifth annual global crypto hedge fund report, showcasing the resilience of crypto hedge funds in the face of recent market turbulence. Quick facts: The survey, conducted in the first quarter of 2023, gathered insights from both crypto-native and traditional hedge funds, shedding light on their sentiments and strategies in the … Read more
The European Union’s banking watchdog, the European Banking Authority (EBA), has issued a resounding call to stablecoin issuers, urging them to swiftly adopt comprehensive standards aimed at ensuring the stability and security of the crypto market. Quick facts: With mandatory rules set to take effect in the near future, the EBA is encouraging issuers to … Read more
Multichain, a prominent cross-chain bridge network, has suffered a massive security breach, resulting in the loss of over $100 million worth of cryptocurrencies. This alarming incident, which comes just days after a previous theft of $126 million, has raised suspicions of a potential internal operation within Multichain. Quick facts: Multichain’s cross-chain bridges, designed to facilitate … Read more
Bankrupt crypto lender Celsius Network has recently taken legal action against liquid staking platform StakeHound, alleging that the platform failed to return $150 million worth of tokens owned by Celsius. Quick facts: The lawsuit, which Celsius filed, highlights the disagreement between the two businesses regarding the exchange of tokens and the alleged breach of contractual … Read more
South Korea’s primary financial regulatory body, the Financial Services Commission (FSC), has announced new guidelines that will necessitate corporations dealing with or owning cryptocurrencies to provide comprehensive crypto disclosures in their financial statements starting in 2024. Quick facts: The FSC released a statement outlining the new legislation. According to the document, companies involved in issuing … Read more
In response to the soaring performance of Coinbase’s (COIN) stock, ARK Invest, led by Cathie Wood, has made the decision to sell $12 million worth of Coinbase shares. Quick facts: The move comes as Coinbase’s stock reaches a near one-year high following the exchange’s announcement of a surveillance-sharing agreement with five spot Bitcoin exchange-traded fund … Read more
The highly anticipated claims portal launched by FTX, the bankrupt cryptocurrency exchange, vanished shortly after its debut, leaving users in a state of uncertainty. Quick facts: The portal, designed to allow affected users to file proofs of claim, went offline for unknown reasons, disrupting the filing process The FTX claims portal, which went live on … Read more