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Learn Concept: The Impact of Updated Regulations on Crypto Service Providers
April 3, 2024
The Monetary Authority of Singapore (MAS) has made significant amendments to its Payment Services Act (PSA), reflecting the nation's growing influence as a cryptocurrency-friendly hub. This change carries implications for …
Read moreBitcoin ETFs See First Outflows Since March, With Grayscale Leading
April 2, 2024
Significant Outflows in Bitcoin ETFsBitcoin exchange-traded funds (ETFs) have experienced their first outflow since March 22, with a net of $85.8 million, equivalent to 1,230.3 BTC, leaving the funds according …
Read moreUS Government Moves $2B Silk Road Bitcoin to Coinbase
April 2, 2024
In a recent development, the US government moved a mammoth amount of 30,175 Bitcoin, approximately worth $2 billion, to a wallet linked with widely reputed crypto exchange Coinbase on April …
Read moreDecentralized Exchange FixedFloat Faces '$2.8 Million' Security Breach, $400k USDT Frozen by Tether
April 2, 2024
Decentralized exchange, FixedFloat, has reportedly been the target of notable security incursions leading to a loss of $2.8 million. A security firm identified several 'suspicious transactions' that pointed to this …
Read moreCrypto Landscape Transforming as Singapore Amends Payment Services Act
April 2, 2024
The Monetary Authority of Singapore (MAS) has made significant revisions to its Payments Service Act (PSA). The amendments, announced on April 2nd, reflect Singapore's growing influence as a cryptocurrency-friendly hub, …
Read moreEmbattled FTX Founder, Sam Bankman-Fried, Expresses Remorse and Announces Appeal
April 2, 2024
The former CEO of leading crypto exchange, FTX, Sam Bankman-Fried, has not only expressed deep remorse for the actions leading to his 25-year prison sentence, but has also voiced his …
Read moreBitcoin Plummets to $66,000 Prompting Over $240 Million Market Liquidations
April 2, 2024
Bitcoin's price dropped dramatically on April 2, descending rapidly to $66,000 before making minor recovery to approximately $66,500. From its March 14th all-time peak of $73,500, this indicates an almost …
Read moreAdvanced Learning Concept: Understanding the Potential Risks of Layer-3 Protocols in Cryptocurrency
April 2, 2024
In the rapidly evolving crypto world, new technologies and concepts continue to emerge, constantly reshaping the landscape. One such concept is the layer-3 protocol, illustrated through the example of the …
Read moreCrypto Market Takes a Hit: Upbit Crash and Bitcoin Flash Crash
April 1, 2024
The cryptocurrency market experienced a significant turmoil recently. The trading volume on South Korea's Crypto Exchange Upbit has seen a drastic drop of 75% with the 24-hour crypto trading volume …
Read moreTether Advances to Become the Seventh Largest Bitcoin Holder After Recent $618 Million Acquisition
April 1, 2024
Following its latest acquisition of $618 million worth of Bitcoin, Tether (USDT) is now the seventh-largest Bitcoin holder globally. The stablecoin issuer has purchased upwards of 8,000 BTC from a …
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