According to Coinglass, over $230 million in crypto positions were liquidated in the past 24 hours, affecting 102,073 traders. The largest single liquidation occurred on OKX, valued at $5.26 million. Bitcoin led the liquidation figures with $51.25 million, followed by Ethereum at $30.44 million. Dogecoin and Solana saw liquidations of $13.94 million and $11.25 million, […]
The Bank for International Settlements (BIS) announced its departure from Project mBridge, a central bank digital currency (CBDC) initiative developed in partnership with the People’s Bank of China and the central banks of Hong Kong, Thailand, Saudi Arabia, and the UAE. The project, designed to simplify cross-border payments through CBDCs, has raised concerns over potential […]
Researchers from the non-profit organization Exponential Science and University College London have pointed out that Bitcoin mining bans might have unintended environmental consequences that could increase carbon emissions by up to 2.5 million tonnes annually. In the paper titled “The Unintended Carbon Consequences of Bitcoin Mining Bans: A Paradox in Environmental Policy,” the researchers examined […]
The market capitalization of MicroStrategy, the prominent Bitcoin-focused investment firm, has now exceeded that of Coinbase, the largest crypto exchange in the US. According to data from Yahoo Finance, MicroStrategy (MSTR) is currently valued at over $50 billion, surpassing Coinbase (COIN), which stands at approximately $46.5 billion. This shift is not surprising, given MicroStrategy’s stock’s […]
Tron’s blockchain has seen remarkable progress, with its native token, TRX, surging to a yearly high as the network achieved its second-largest monthly revenue on record. Data from CryptoSlate shows that TRX reached $0.17 within the past 24 hours, reflecting a 55% increase year-to-date. This significant price gain reinforces TRX’s place among the top 10 […]
M2, a UAE-based crypto exchange, experienced a significant security breach that resulted in the loss of $13.7 million in digital assets. In a Nov. 1 statement, the exchange disclosed that the incident occurred on Oct. 31 at approximately 3:16 A.M., noting that while its team responded swiftly to the attack, the breach still led to […]
October marked a significant decline in crypto-related losses due to exploits, with total losses amounting to approximately $116 million—the lowest monthly losses in the last six months. Most of October’s losses stemmed from exploits, followed by flash loan attacks and exit scams. Exploits accounted for the bulk, totaling $113.3 million, while flash loan and exit […]
At a press conference in London on Oct. 31, Stephen Mollah declared himself to be Satoshi Nakamoto, the elusive creator of Bitcoin but failed to provide compelling evidence to support his claim. The event at the Frontline Club left attendees skeptical as technical issues and unverified assertions undermined his credibility. Joe Tidy, a cyber correspondent […]
A recent report by Animoca Research revealed that tokens listed between January and September on five major exchanges registered a negative median performance ranging from 40% to 70%. The report analyzed 773 token listings from Binance, Bitget, Bybit, KuCoin, and OKX. Binance displayed the fewest listings, totaling 44 tokens. OKX adopted the same conservative approach, […]
Russia is set to restrict crypto mining in several of its regions due to ongoing energy shortages, announced Deputy Minister of Energy Yevgeny Grabchak. On Oct. 30, the state news agency TASS confirmed the impending ban, which will affect areas where electricity deficits make it challenging to support crypto mining’s high power demands. Grabchak noted […]