February 29, 2024 By Sharan Kaur Phillora In a startling turn of events, Bitforex, a central figure in the cryptocurrency exchange market, has abruptly ceased withdrawal services, sparking widespread concern among its clientele. This unexpected move followed closely on the heels of a massive $56.5 million exodus from the exchange’s hot wallets, leaving the community […]

February 28, 2024 By Sharan Kaur Phillora The Chinese Ministry of Industry and Information Technology has sounded the alarm over a deceptive application mimicking the official digital yuan, as disclosed in a WeChat announcement. This counterfeit app, laden with malicious code, not only imitates the genuine platform’s appearance but also harbors significant security threats. Here’s

February 28, 2024 By Anjali Kochhar Block Research claims that over $90 billion has been invested in cryptocurrency and blockchain-related businesses overall. The investment for projects has crossed the $90 billion milestone thanks to more than 50 deals completed this month, according to data from The Block Research, which has been monitoring capital flows into

February 27, 2024 By Anjali Kochhar The Treasury’s initiative to promote the use of digital payments among underserved populations has been made public by South African authorities. According to a treasury document released on Feb. 21, South Africa is exploring the use of stablecoins and blockchain to enhance the well-being of marginalized communities. The South African

February 27, 2024 By Sharan Kaur Phillora In response to the escalating trend of cybercrimes facilitated by blockchain and metaverse platforms, China’s Supreme People’s Procuratorate (SPP) has intensified its crackdown on digital delinquency. The nation’s highest prosecutorial body has expressed concern over the sophisticated use of these technologies for online fraud, cyber violence, and breaches of

February 26, 2024 By Anjali Kochhar Giant chipmaker Nvidia (NVDA) exceeded its already high fourth-quarter earnings projections, lifting both the broader equity markets and AI-related tokens. According to Nvidia, its fourth-quarter earnings per share stood at $5.16, surpassing the average analyst estimate of $4.59 per share, as per FactSet data. Additionally, the chipmaker reported revenue

February 26, 2024 By Sharan Kaur Phillora China has taken a significant leap forward in its blockchain journey with the release of the “China Blockchain Innovation Application Development Report 2023,” marking a pivotal moment in the country’s digital transformation. This comprehensive report, unveiled at the National Blockchain Innovation Application Pilot Summary and Exchange Meeting in

February 23, 2024 By Anjali Kochhar The notion of Bitcoin potentially becoming a partial reserve currency for the U.S. has ignited a vibrant discussion among financial experts and cryptocurrency enthusiasts. According to a recent discussion, Roundtable anchor Rob Nelson initiated this topic with Fred Thiel, CEO of Marathon Digital Holding, and Aaron Arnold, founder and host

February 23, 2024 By Sharan Kaur Phillora The Shanghai Data Exchange has successfully conducted its first digital asset issuance and trading session. In collaboration with the renowned local dairy company Guangming, the exchange issued a unique tradable digital asset titled “Longyao Chasing Light, Yiding Guangming,” with a total issuance of 999 units. Here’s what we

February 23, 2024 By Anjali Kocchar As per Cointelegraph, Coinbase has eliminated support for more UTXO tokens and native Bitcoin (BTC) from Coinbase Commerce, an online platform that helps with merchant payments. According to Cointelegraph, Lauren Dowling, Head of Product at Coinbase, confirmed the news. The company “made the difficult decision to remove native Bitcoin &