crypto
The cryptocurrency world is abuzz with speculation surrounding the DJT token, a Solana-based crypto asset allegedly linked to Donald Trump. Recent developments, including claims by Martin Shkreli regarding his involvement in DJT token’s creation, have significantly influenced its market sentiment and betting activity on platforms like Polymarket. Martin Shkreli’s DJT token ownership claimsDuring an X Spaces session, Martin Shkreli, infamous for his role in the pharmaceutical industry and subsequent legal issues, revealed details suggesting his direct involvement in launching the token, alongsi...
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Cryptocurrency exchange Kraken recently revealed that a security vulnerability led to the loss of $3 million worth of digital assets. This incident involved a self-proclaimed security researcher who identified a critical bug, subsequently exploited by related accounts to siphon funds. The event has raised serious questions about ethical hacking and the increasing challenges of securing digital assets in the evolving cryptocurrency landscape. Discovery and exploitation of the bugOn June 9, an anonymous individual claiming to be a security researcher alerted Kraken to a significant security flaw...
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Bitget, the world’s leading cryptocurrency exchange and Web3 company, has navigated the challenges of May with notable success, solidifying its position as a top derivative exchange. Despite a general decline in trading volumes across centralized exchanges, Bitget recorded the highest capital inflow and a significant surge in open interest. Bitget stands out in a declining marketAccording to CCData’s report, the combined spot and derivatives trading volume on centralized exchanges fell by 20.1% to $5.27 trillion in May. This decline followed events such as the Bitcoin Halving and BTC ETF annou...
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PrimeXBT, a leading name in the online trading industry, has recently undergone a comprehensive brand revamp. This reflects its commitment to democratising financial markets and making investing accessible to all. The “We Listen” campaign is central to this transformation, underscoring the company’s dedication to incorporating client feedback into its service enhancements. A client-centric approachPrimeXBT’s “We Listen” campaign is more than a slogan; it is a testament to the company’s philosophy of putting people at the core of its ethos, mission and culture. By actively seeking and implement...
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The Hashgraph Association and DeFi firm Valour Inc. grabbed the attention of crypto investors with their latest partnership. The duo has joined forces to introduce the first Valour Hedera exchange-traded product (ETP), launched on 18 June in the Frankfurt Stock Exchange (FSX) at the closing bell ceremony. According to the press release, This new product underscores Valour’s commitment to expanding its portfolio of ETPs and enhancing market accessibility for digital assets on traditional exchanges. The development gained massive traction within no time, as Hedera seemingly followed strides of B...
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LayerZero Foundation has opened an eligibility checker for its users ahead of the token’s airdrop. In an announcement on June 19, LayerZero Labs CEO Bryan Pellegrino confirmed the eligibility checker was live. The site allows the community to verify eligibility ahead of the ZRO airdrop expected on June 20, 2024. Users need their wallet addresses to confirm this. However, they must meet certain, including transactions or interaction with dApps within the LayerZero ecosystem. LayerZero revealed plans for a ZRO airdrop in 2023LayerZero announced its ZRO token launch in December and revealed the s...
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Dogecoin (DOGE) has recovered from its gloomy performance with a notable price jump over the past day. The meme token gained nearly 3% on its daily chart to hover at $0.1259 during this publication. Positive comments from BitMEX founder Hayes and the latest statement about X Payments LLC excited Dogecoin enthusiasts, triggering the price uptick. Arthur Hayes recently affirmed that he will increase his investments in DOGE and Pendle. He has been somewhat vocal about the themed token, even forecasting a Dogecoin ETF soon. The endorsement shows Haye’s confidence in Dogecoin’s future potential. Fu...
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Ethereum bulls, rejoice: Consensys brings good news about the cryptocurrency – and it’s from the SEC. A few hours ago, software company Consensys took to X (formerly Twitter) to say that United States regulator the Securities and Exchange Commission had just informed Consensys that it’s in the process of concluding and closing the longstanding investigation by the SEC into ETH. A major win for ETHQuirkily titled ‘Ethereum survives the SEC’, Consensys described it as a ‘major win’ for Ethereum developers, technology providers, and industry participants, saying that: The Enforcement Division of ...
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Bybit, a leading global cryptocurrency exchange by volume, has announced its integration of Fireblocks’ Off Exchange solution to enhance security and mitigate counterparty risk for institutional trades. This strategic move is designed to bolster asset protection and improve trading efficiency for institutional clients. Leveraging Fireblocks for enhanced securityBybit’s integration of Fireblocks’ Off Exchange solution marks a significant step in addressing the critical issue of counterparty risk. The Off Exchange platform allows institutional traders to execute trades on centralized exchanges t...
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The National Australia Bank (NAB) has reportedly ceased development of its Ethereum-based stablecoin, AUDN. This decision comes just a year after the bank first announced its plans to venture into the stablecoin space. The development team behind AUDN has since left NAB to pursue a new project called Ubiquity, supported by a consortium of investors including Animoca Brands, Merit Circle, and Concave. NAB’s retreat from AUDNThe cessation of AUDN development signals a significant pivot for NAB. According to the Australian Financial Review, the bank quietly discontinued the project and allowed th...
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