By Sharan Kaur Phillora VeChain (VET), a prominent China-based altcoin, is capturing the attention of investors and analysts alike, with predictions of a record-breaking surge in its value. Renowned for its strategic partnerships and listings on top cryptocurrency exchanges such as Binance and Coinbase, VeChain’s potential for growth is now under the spotlight, especially after […]

By Sharan Kaur Phillora MEXC, a global cryptocurrency exchange, is reportedly enforcing stricter Know Your Customer (KYC) measures for its users in mainland China, a move highlighted by Chinese blockchain journalist Colin Wu. Here’s what we know: This step requires users who haven’t completed KYC verification to cease their trading activities and transfer their assets

By Anjali Kochhar In a groundbreaking move, Mudrex, a leading global crypto investment platform, has officially launched Mudrex Prime, a dedicated Over-the-Counter (OTC) services division tailored to meet the unique needs of institutional players and high-net-worth individuals (HNIs). Following a successful pilot phase in the last quarter of 2023, Mudrex Prime has emerged as a

By Sharan Kaur Phillora Ethiopia is attracting attention from Chinese Bitcoin miners due to its low electricity costs, made possible by the Grand Ethiopian Renaissance Dam, Africa’s largest hydroelectric project. Last spring, signs of this new development emerged as cargo containers filled with high-powered computers were spotted near electricity substations linked to the dam. Here’s

By Anjali Kochhar In a significant milestone, Bitcoin has surpassed the $50,000 mark for the first time in over two years, propelled by a combination of factors including expectations of imminent interest rate cuts and the recent regulatory approval for U.S. exchange-traded funds tracking its price. Antoni Trenchev, co-founder of crypto lending platform Nexo, commented

By Anjali Kochhar According to a recent court document, New York Attorney General Letitia James has strengthened her civil fraud action against Digital Currency Group (DCG), alleging that the company is accountable for $3 billion in investor losses connected to the Gemini Earn product and to direct investments with Genesis. As mentioned in a $1

By Sharan Kaur Phillora Floki has just offered the gaming community a thrilling preview of its highly anticipated play-to-earn NFT metaverse game, Valhalla, through an epic teaser video. This sneak peek is just the beginning, as Floki has also unveiled the testnet version of Valhalla’s Chinese adaptation, opening the doors for millions of Chinese gamers

By Anjali Kochhar Regarding the shortcomings in crypto oversight, Treasury Secretary Janet Yellen has been pressed by four US lawmakers. The lawmakers questioned Yellen about how the Financial Stability Oversight Council (FSOC), which she chairs, believes existing laws should apply to Bitcoin, ether, and non-security crypto assets. Yellen responded by explaining the council’s “repeated warnings

By Anjali Kochhar The software company MicroStrategy (MSTR), whose executive chairman is Bitcoin maximalist Michael Saylor, posted lower-than-expected fourth-quarter earnings on Tuesday. According to the statement shared by company MicroStrategy, self-styled as “the world’s first Bitcoin development company,” outlined its commitment to advancing the Bitcoin network through financial market activities, advocacy efforts, and technology innovation

By Sharan Kaur Phillora US and European hedge funds that ventured into the Chinese debt market, particularly during its real estate downturn, found some success. Firms like the US-based Sigma and Bridgewater capitalized on the distressed debt opportunities presented by companies like China Evergrande Group, yielding impressive returns. Bridgewater’s flagship China fund, for example, reported