In the wake of a devastating $70 million security breach, the popular cryptocurrency exchange CoinEx is demonstrating a notable resurgence. A breach, which saw the compromise of its hot wallet keys, led to a suspension of crucial services, shaking the
Riot Platforms Inc., a Bitcoin mining company in Texas, has found a surprising source of revenue in the state’s recurring energy crises. During the August heatwave, Riot made $31.7 million from power credits, courtesy of the Electric Reliability Council of
Leading financial services hub Dubai International Financial Centre (DIFC) has completed its first cohort with 10 regional and global startups under its DIFC Metaverse Accelerator Programme. The program was done to promote metaverse inclusivity in accordance with Dubai Higher Committee for Future
When critics started to pen the eulogies, Shibarium—Shiba Inu’s layer-2 blockchain—roared back to life. The project, which faced a shaky start with outages and technical difficulties, witnessed a remarkable turnaround, with its wallets surpassing the 100,000 mark. This resurgence, coming
Following a security breach that removed $1 million from its funds, the decentralized futures trading platform Cypher has unveiled its comprehensive recovery strategy. Operating on the Solana blockchain, the platform faced severe scrutiny after it paused its smart contract, promptly
Cryptocurrencies and blockchain technology are transforming as Coinbase, a cryptocurrency exchange in the United States, takes a strategic step forward. The company has secured an equity stake in Circle Internet Financial, a player in stablecoin issuance. Today Coinbase and @circle
Singapore’s central bank, the Monetary Authority of Singapore (MAS), has released a comprehensive regulatory framework targeting single-currency stablecoins (SCS). These digital tokens, designed to maintain constant value, are pegged to traditional fiat currencies such as the Singapore Dollar or any
Congresswoman Maxine Waters voices concerns as PayPal unveils PYUSD stablecoin, highlighting potential implications for financial markets. Meanwhile, reports suggest an alarming surge in counterfeit PYUSD tokens across blockchains. The influential Democrat on the House Financial Services Committee has recently articulated
In a bold move against emerging tech fraud, China has ramped up its efforts to quash illicit activities that leverage state-of-the-art technologies. The spotlight shines on overseas telecommunication firms accused of exploiting the realms of cryptocurrency and artificial intelligence (AI).
Following the recent court verdict favouring XRP in the Ripple Labs lawsuit, the U.S. Securities and Exchange Commission (SEC) hints at a possible appeal. The regulator believes this decision contradicts established securities laws principles. Besides, it challenges the time-honoured Howey
Sam Bankman-Fried and the story surrounding the collapse of FTX, a bankrupt cryptocurrency exchange he founded, is set to be released as an animated, interactive social comedy by the innovative Web3 studio Toonstar FORTUN3. Sam Bankman-Fried is in the headlines
AI Token VAIOT (VAI) has brought more than 100% in gains to holders of the cryptocurrency due to the boom in artificial intelligence which is being used in many facets of the global economy. AI Token VAI has soared by 112%
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