Business

19 February

Bitcoin on the Brink: Is a Big Move Coming Soon

Bitcoin’s price is showing heightened volatility, with its recent fluctuations drawing comparisons to August 2023. On February 17, research from on-chain analytics platform CryptoQuant highlighted that Bitcoin’s price action has become increasingly rangebound, signaling a potential shift in market behavior. The Choppiness Index, a key measure of market volatility, has surged to 62 on the daily chart and 72 on …

19 February

AbstractChain Confirms Security Breach: Isolated Cardex App Issue Identified

AbstractChain has reported a security breach affecting its ecosystem, with the team confirming that the incident was limited to the Cardex app. The company assured users that the issue has been contained and that core blockchain infrastructure remains secure. Details of the Breach According to an official statement from AbstractChain, the breach was discovered after users reported unauthorized transactions within …

19 February

Tether Co-Founder Backs New Stablecoin Project on Ethereum & Solana

A co-founder of Tether (USDT), the world’s largest stablecoin, is lending support to a new stablecoin project set to launch on Ethereum and Solana. The initiative aims to enhance stability, scalability, and decentralization in the growing digital asset ecosystem. A New Stablecoin in the Market While details about the project’s structure and issuance model remain limited, the stablecoin is expected …

19 February

Argentina’s President Confirms Meeting with Libra Team, Denies Endorsement Claims

Argentina’s President has acknowledged meeting with representatives from Libra, the digital currency project originally spearheaded by Facebook (now Meta), but firmly denied allegations that he endorsed the initiative. The clarification comes amid growing speculation about Argentina’s stance on cryptocurrency adoption and regulatory policies. Meeting with the Libra Team Reports surfaced that the President recently held discussions with key members of …

19 February

Nigerian Lawmaker Sues Binance Exec for ₦1 Billion Over Bribery Claims

A Nigerian lawmaker has filed a ₦1 billion ($1.2 million) lawsuit against Tigran Gambaryan, a senior executive at Binance, over allegations of bribery. The lawsuit adds to the growing legal troubles faced by the crypto exchange in Nigeria, as authorities continue to scrutinize its operations in the country. Bribery Allegations and Legal Action The lawsuit, filed in a Nigerian court, …

19 February

World of Women & Sara Baumann Unveil Free NFT Portrait Series

The renowned World of Women (WoW) NFT collective has teamed up with digital artist Sara Baumann to launch a free NFT portrait series, celebrating diversity, creativity, and inclusivity in the Web3 space. This initiative aims to make digital art more accessible while continuing WoW’s mission to empower women in the NFT and blockchain ecosystem. A Tribute to Diversity in Web3 …

19 February

Hong Kong Hits 10: Bullish Joins the Ranks of Licensed Crypto Platforms

Hong Kong has further solidified its position as a global crypto hub, with Bullish becoming the latest exchange to secure regulatory approval. The addition of Bullish brings the total number of licensed crypto trading platforms in the city to ten, reflecting Hong Kong’s commitment to fostering a regulated yet thriving digital asset ecosystem. Bullish Gains Approval Bullish, a digital asset …

19 February

Saylor Doubles Down: MicroStrategy Eyes $2B in Convertible Notes for More Bitcoin

MicroStrategy, led by executive chairman Michael Saylor, is once again making a bold move in the Bitcoin market. The company has announced plans to raise up to $2 billion through convertible notes, reinforcing its aggressive Bitcoin accumulation strategy. A Billion-Dollar Bitcoin Bet MicroStrategy has long been known for its unwavering commitment to Bitcoin, holding the largest corporate treasury of the …

19 February

Russian Central Bank Debunks Digital Ruble Myths Amid Social Media Buzz

The Bank of Russia has moved to address a wave of misinformation surrounding the digital ruble, as speculation and myths about the central bank digital currency (CBDC) spread across social media. Surging Misinformation Online In recent weeks, various claims have surfaced online, fueling public concerns over the digital ruble’s security, privacy, and potential government control. Some social media users have …

19 February

Wintermute Sets Sights on New York in Bold US Expansion Move

Wintermute, one of the world’s leading crypto market makers, is reportedly planning to expand its presence in the United States, with New York as its primary target. The move signals the firm’s ambition to strengthen its foothold in the regulated U.S. crypto landscape, despite ongoing regulatory uncertainty. Strategic Expansion Amid Regulatory Scrutiny According to sources familiar with the matter, Wintermute …