Japanese cryptocurrency exchange DMM Bitcoin will cease operations by March 2025 following a hack that resulted in losses exceeding $300 million. This decision follows months of recovery efforts that ultimately failed to restore the platform’s viability. DMM Bitcoin to Transfer All Assets to SBI VC Trade According to a report from Nikkei Asia, the exchange…
Cardano’s DeFi ecosystem is hitting new heights, with its total value locked (TVL) nearing an all-time high of $700 million. DeFillama data shows that the blockchain network is riding the current bullish market sentiment by adding over $400 million to reach $680 million as of press time. This number marks a massive turnaround for the…
A wallet linked to the U.S. government has moved nearly $2 billion worth of Bitcoin to a new address, according to blockchain intelligence and on-chain data platform Arkham. Per Akham, the transfer of nearly 20,000 Bitcoin (BTC) happened on Dec.…
Solana was integrated with the Crypto Life platform, a service that offers digital asset-loaded cards for real-world payments.
US Representative French Hill has outlined a plan to thoroughly investigate Operation Chokepoint 2.0, a campaign allegedly targeting industries like digital assets. Hill emphasizes regulatory fairness, transparency, and proportionate oversight, seeking to reverse politically motivated debanking practices under the current administration. French Hill Vows To Investigate Operation Chokepoint 2.0 Debanking Practices Rep. French Hill has…
During the dog days of summer, Polymarket’s election betting surged on (correct) speculation that the Democrats would make a “hot swap” of Joe Biden for Kamala Harris as their presidential candidate. Trading volume grew and grew through the fall. All along, <a href=”https://www.coindesk.com/business/2024/08/29/can-prediction-market-boom-continue-after-election-this-crypto-team-has-a-plan” target=”_blank”>doubts lingered</a> about whether the platform’s trader base would hold steady after…
EDX Markets, the institution-only crypto exchange that started operations in June 2023 with support from Wall Street giants like Fidelity, Charles Schwab and Citadel Securities, has appointed its current chief technology officer, Tony Acuña-Rohter, as CEO. Wall Street veteran Jamil Nazarali, the founder and current CEO of the exchange, will move to the position of…
Layer-1 blockchain network Avalanche experienced increased on-chain activity after revealing its biggest network upgrade since the protocol launched.
American blockchain payments firm Ripple Labs Inc has intensified the testing of its stablecoin RLUSD. According to the Ripple Stablecoin Tracker, two simultaneous testings were recorded featuring minting and transfer on the XRP Ledger protocol. This test mint and transfer is the first reported testing for the Ripple USD token thus far this month. Is…
MicroStrategy’s aggressive Bitcoin acquisition strategy continues to draw sharp criticism from gold advocate Peter Schiff. In an X post on Monday, Schiff pointed out that MicroStrategy has already spent $11.5 billion of its $42 billion Bitcoin (BTC) investment plan in…
Subscribe to our weekly newsletter below and never miss the latest news.
