Breaking crypto and Web3 news, analysis and market intelligence for institutional investors.
Toncoin (TON), the native cryptocurrency of the Telegram Open Network, has recently achieved a new milestone. The blockchain platform recorded its highest-ever number of daily active addresses, indicating growing user engagement and adoption. However, this surge in activity has also sparked concerns about the potential for a bubble to form within the TON ecosystem. Understanding … Read more
In the evolving world of blockchain technology, the term “chain abstraction” has been gaining traction, particularly within discussions about enhancing user experiences in the Web3 space. But what exactly is chain abstraction, and why is it becoming a focal point in blockchain development? What is Chain Abstraction? Chain abstraction is an emerging concept designed to … Read more
A groundbreaking new fund has been launched by the Blockchain Center in Abu Dhabi, a recent establishment aiming to solidify the emirate’s position as a global blockchain innovation hub. The fund, announced on August 19, is dedicated to fostering the development of decentralized infrastructure and applications. Global Reach and Impact The fund will extend its … Read more
Ether (ETH) has experienced a notable 13% drop below the crucial $3,000 level since early August, but recent onchain metrics suggest that the correction might soon be coming to an end. According to CryptoQuant author Burak Kesmeci, buyers are starting to regain strength in Ether, indicating a potential shift in market dynamics. Onchain Metrics Indicate … Read more
In a concerted effort to combat online investment fraud, the Australian Securities and Investment Commission (ASIC) has successfully removed 7,300 scam websites over the past year. These sites, including numerous crypto endorsements, were often proliferating through social media channels. ASIC has been actively targeting these fraudulent platforms since the launch of its anti-scam program in … Read more
Cosmoverse, the premier Interchain conference, is set to return for its fourth edition in Dubai from October 21 – 27, 2024. As the largest conference of its kind, Cosmoverse provides a vital platform for new projects and innovators to connect with enterprises, institutions, and government representatives. This year, the conference aims to build on past … Read more
Bitdeer, a prominent player in the crypto mining industry, has seen its stock price plummet following the announcement of a new convertible notes offering. The company, valued at approximately $870 million, plans to utilize the proceeds to expand its data centers, refine its ASIC mining technology, and fund general corporate operations. The offering, which matures … Read more
Cryptocurrency exchange Bybit has recently achieved a significant milestone by registering as a Virtual Asset Service Provider (VASP) and card operator with Argentina’s Financial Information Unit (FIU). This move marks a crucial development for the exchange’s expansion strategy in Latin America and reflects the growing trend of regulatory adaptation in the cryptocurrency sector. Bybit’s Registration … Read more
In a remarkable move that underscores their dedication to their player base, the developers of Hamster Kombat have turned down enticing offers from venture capital firms. This decision, announced through a bold statement on Telegram, highlights the team’s commitment to keeping the game focused on its users rather than succumbing to external financial pressures. The … Read more
A recent review by the British Columbia Securities Commission (BCSC) has uncovered a major cryptocurrency theft involving Smillie, a key figure associated with the now-defunct cryptocurrency platform, EzBtc. The investigation revealed that Smillie illicitly siphoned approximately 935 Bitcoins and 159 Ethers from the platform between 2016 and 2019. These stolen funds were funneled through his … Read more