The BEP-20 token standard is a defining component of the Binance Smart Chain (BSC) ecosystem, providing a blueprint for creating tokens on this advanced blockchain platform. Launched in September 2020, BSC has emerged as a formidable competitor to Ethereum, offering a scalable,…
In a February 27 report, the American-based crypto-miner Hut 8 officially launched the construction of a new mining facility in Culberson, Texas. The Hut 8 team confirmed that the new mining site will generate 63 megawatts that will be directed toward improving…
The volatile nature of the crypto assets evoked mixed thoughts among the key industry players. On X, some of the investors expressed concerns about whether El Salvador’s Bitcoin bid will materialize. Responding to the X post, the President of El Salvador, Nayib…
In a recent report, the former director of the now-defunct crypto firm Blockchain Global has been banned from leaving Australia. At a local court in Australia, the Securities and Investments Commission (ASIC)filed charges against the former executive of Blockchain Global, Liang “Allan”…
The recent approval of spot Bitcoin exchange-traded funds (ETFs) by the United States Securities and Exchange Commission (SEC) marks a significant milestone in the integration of cryptocurrency into mainstream financial markets. This decision allows for the listing of Bitcoin ETFs on major…
In the dynamic world of cryptocurrency trading, understanding the concept of long and short positions is fundamental for navigating market movements and optimizing trading strategies. These positions reflect two diametrically opposed speculative approaches investors use to capitalize on the fluctuating prices of…
OKX, the American-based crypto exchange, has rolled out OKX TR for Turkish users. In a February 27 report, the OKX team confirmed that the newly launched platform will consist of trading pairs with local currency. The report indicated that OKX TR will…
On Wednesday, a young crypto enthusiast revealed plans to embark on an exciting journey of climbing Mount Everest to plant an orange flag with the Bitcoin symbol. The 23-year-old Bitcoiner Dadvan Yousuf will ascend the highest mountain in the world to raise…
In its February 28 update, the famous crypto exchange in Hong Kong, Hashkey, secured a major payment license (MPI) in Singapore. The approval of the Hashkey license demonstrated the company’s commitment to comply with the regulatory requirements. News concerning the approval of…
In the world of decentralized finance (DeFi), bonding curves have emerged as a pivotal mechanism, leveraging the power of smart contracts and mathematical models to dynamically adjust a token’s price in accordance with its supply. This innovative approach circumvents the need for…
In its recent report, the prominent stablecoin issuer Circle entered into a strategic partnership with a metaverse-based gaming platform, Overdare. The partnership aims to enable Circle to expand the use case of USDC in the gaming sector. For months, the Overdare team…
In an official announcement, the Ministry of Industry and Information Technology in China cautioned investors about a fake digital yuan that has drawn public attention. The ministry stated that the fake central bank digital currency, commonly known as the digital yuan, resembles…
In an advanced announcement, the Ministry of Culture in the Kingdom of Saudi Arabia launched a metaverse project to support preserving the country’s cultural heritage. The newly launched Metaverse project will document every event that occurred in the history of Saudi Arabia. …
The growing popularity of Metamask has forced the firm to strengthen its security protocol to safeguard customers’ funds. In a February 20 report, the Metamask team said it would integrate additional security alerts across multiple chains. The strategic move aims to protect…
The rise of cyber attack incidents has posed a threat to the national security of most crypto-friendly states. The damages caused by cyber attacks forced giant tech firms to collaborate and address the issue. In a recent announcement, the team behind ChatGPT…
In an official communication, the Seychell-based crypto exchange FixedFloat suffered a malicious attack that impacted the loss of a substantial amount of funds. News concerning the hacking incident was disclosed by the renowned blockchain analytics firm BlockFence. After assessing the damages caused by the…
The increased adoption of crypto assets in Latin America has obliged the financial watchdog to take decisive steps to protect the traditional financial system. In an advanced communication the Honduras National Banking and Securities Commission (CNBS) imposed restrictive measures on the involvement…
On Thursday, the leading telecommunication company in Spain, Telefónica, entered into a strategic partnership with Chainlink to safeguard customers from financial losses. Lately, investors have suffered losses of substantial amounts to hackers and fraudulent schemes. The rise of crypto-related crimes has forced…
In its advanced communication, the San Francisco-based crypto firm Ripple entered into an acquisition deal with Standard Custody and Trust Company. The acquisition of Standard Custody & Trust Co. will enable Ripple to expand its geographic presence in the US. For years,…
On Wednesday, the financial intelligence unit (FIU) in South Korea lamented that crypto-related crimes have risen despite the regulators’ corrective steps. In the February 14 announcement, FIU noted a 49% increase in susceptible crypto transactions in 2023. Compared to 2022, FIU officials…
