Business

26 December

SBI VC Trade Acquires DMM Bitcoin’s Hacked Assets, Customer Accounts to Reopen by March

In a significant development in the cryptocurrency space, SBI VC Trade, a leading Japanese cryptocurrency exchange, has successfully acquired the assets of the hacked DMM Bitcoin exchange, a move that is expected to bring stability and renewed confidence to affected customers. Following the acquisition, SBI VC Trade has announced plans to reopen customer accounts by March 2025, providing much-needed relief …

26 December

Thailand Considers Bitcoin Pilot Project with Backing from Binance

In a groundbreaking move, Thailand is exploring the possibility of launching a Bitcoin pilot project, with major backing from Binance, one of the world’s leading cryptocurrency exchanges. This initiative could pave the way for wider adoption of digital currencies in Southeast Asia, marking Thailand as one of the first nations in the region to experiment with Bitcoin in a structured, …

26 December

Animoca Brands Co-Founder Yat Siu’s X Account Hacked to Spread Fake Token Scam

In a troubling incident for the blockchain and gaming community, Yat Siu, the co-founder of Animoca Brands, fell victim to a hack on his X (formerly Twitter) account. The hacker used Siu’s profile to promote a fraudulent token scam, potentially deceiving thousands of his followers and other crypto enthusiasts. How the Hack Happened Yat Siu, known for his influential role …

26 December

“Russia Steps Up Bitcoin Use in Foreign Trade, Announces Finance Minister”

In a significant shift towards digital currencies, Russia is expanding its use of Bitcoin in foreign trade, as announced by the country’s Finance Minister. This move signals Russia’s growing interest in leveraging cryptocurrencies for international transactions, amidst global economic pressures and evolving financial landscapes. Bitcoin in Foreign Trade: A Strategic Shift Russia’s decision to increase the use of Bitcoin for …

26 December

Japan Hesitant on National Bitcoin Reserve Amid Volatility and Forex Concerns

In a recent development, Japan has expressed caution regarding the establishment of a national Bitcoin reserve, with key government officials citing concerns over the volatility of the cryptocurrency and its potential impact on foreign exchange regulations. Despite growing interest in Bitcoin and other cryptocurrencies globally, Japan’s government is carefully weighing the risks before committing to large-scale adoption of digital assets …

26 December

“US Election Boosts Crypto Leaders’ Fortunes, Adding Billions in Wealth: Report”

The results of the most recent US presidential election have had a surprising impact on the wealth of cryptocurrency leaders, with many seeing a substantial increase in their fortunes. According to a new report, the election has brought significant financial gains to some of the most prominent figures in the crypto world, adding billions to their wealth. The Surge in …

26 December

“Vitalik Buterin Donates to Thai Wildlife Charity, Representing the ETH Community’s Generosity”

In an inspiring display of philanthropy, Vitalik Buterin, the co-founder of Ethereum, has made a generous donation to a Thai wildlife charity, showcasing the charitable spirit of the broader ETH community. The donation, made on behalf of Ethereum’s global supporters, highlights the power of blockchain communities to contribute positively to the world beyond technology. The Impact of Vitalik’s Donation Vitalik …

26 December

Floki Set to Launch FLOKI Token ETP on Switzerland’s SIX Exchange in 2025

In a groundbreaking move, the popular cryptocurrency project, Floki, has announced its plans to launch its very own FLOKI Token Exchange Traded Product (ETP) on Switzerland’s renowned SIX Swiss Exchange in early 2025. This development marks a significant step forward for the Floki ecosystem and the broader cryptocurrency market, bringing the FLOKI token into the world of regulated financial markets. …

26 December

Spot Bitcoin ETFs Witness $1.5 Billion Outflow: Biggest Dip Since Trump’s 2016 Win

The cryptocurrency market has been rattled as Spot Bitcoin Exchange-Traded Funds (ETFs) experienced a staggering $1.5 billion in outflows over a four-day streak. This marks the largest capital withdrawal since the market shock that followed Donald Trump’s 2016 presidential election victory. The development has raised questions about investor sentiment and the future trajectory of Bitcoin. A Historic Outflow According to …

25 December

South Korea’s GOPAX Exchange Faces Uncertainty as Takeover Bid Hits Roadblock

South Korea’s GOPAX cryptocurrency exchange is in turmoil as its potential takeover bid stalls, raising questions about the future of the platform. Once a leading player in the country’s rapidly growing crypto market, GOPAX has found itself at a crossroads, with investors and customers alike uncertain about the next steps. The Struggling Takeover Deal Earlier this year, GOPAX entered into …