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Hong Kong Could Act as Catalyst for East Asia's Crypto Sector, Reports Chainalysis
October 3, 2023
According to a recent report by blockchain analytics firm, Chainalysis, advancements in cryptocurrency activities in Hong Kong might serve as a potential stimulus for the East Asian region's lagging sector. …
Read moreSilvergate Bank's Collapse Attributed to Crypto-focus and Management Missteps, Autopsy By Fed Reveals
October 3, 2023
The former crypto-friendly Silvergate Bank that collapsed earlier this year, was reportedly led to its doom due to over-reliance on risky crypto deposits coupled with nepotism, resulting in ineffective management. …
Read moreCelsius Network's Revival Plans Include $450M Funding, Aims to Begin Repaying Users by Year-End
October 3, 2023
Celsius Network, a bankrupt cryptocurrency lending firm, is planning its comeback. During the company's bankruptcy proceedings, the legal counsel for Celsius, Christopher S. Koenig, revealed that the relaunch is intended …
Read moreChainalysis and Chia Network Cut Staff Amid Tough Market Conditions
October 3, 2023
The blockchain analytics firm Chainalysis and blockchain platform Chia Network have both laid off a significant portion of their workforce due to challenging market conditions in the cryptocurrency sector. Chainalysis, …
Read moreCrypto News Update: Bitcoin and Solana Soar, Ethereum Struggles Amid Market Resurgence
October 3, 2023
In recent development, crypto investment products have ended a six-week draught with reported net inflows of $21 million. While top cryptocurrencies like Bitcoin captured most of these inflows, emerging coins …
Read moreUnderstanding Fund Tokenization & Real-World Asset Integration on Ethereum
October 3, 2023
Recently, global banking giant UBS has begun a live pilot for tokenizing its Variable Capital Company (VCC) fund on the Ethereum blockchain. This move falls under Project Guardian, an initiative …
Read moreEthereum Futures ETFs Kick Off Trading with Modest Volume
October 2, 2023
An array of nine Ethereum futures exchange-traded funds (ETFs) debuted on the trading floor on October 2. The offerings were furnished by six distinct asset managers: Valkyrie, VanEck, ProShares, Bitwise, …
Read moreKenyan Committee Urges Shutdown of Worldcoin, Citing Espionage Concerns
October 2, 2023
The Kenyan parliamentary committee has recommended a complete shutdown of Worldcoin's operations in the country owing to considerable privacy and statehood concerns. The decision ensued after an investigation revealed ongoing …
Read moreUBS Conducts Tokenization Trials on Ethereum for Real-World Assets
October 2, 2023
Swiss bank UBS has commenced a live pilot for tokenizing its Variable Capital Company (VCC) fund, which forms part of Project Guardian, an initiative spearheaded by Singapore's Monetary Authority. According …
Read moreDecentralized Exchanges Witness a Six-Month Slump; Crypto Losses Escalate in Q3 2023
October 2, 2023
Decentralized exchanges (DEXs) have endured a six-month slump, with volumes dipping to the lowest since January 2021. Trading volumes on these platforms recorded $44.28 billion in September, attributing this trend …
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