BingX has announced that it will be a Diamond Sponsor for GM Vietnam 2024. The event is scheduled to take place at THISKYHALL in Ho Chi Minh City on June 7 and 8. During the event, Vivien Lin, the exchange’s Chief Product Officer, will be a speaker during the opening session. Attendees will have the […]
Kraken, one of the leading cryptocurrency exchanges, has announced that it will continue to support Tether (USDT) in Europe despite the increasing regulatory uncertainty. Kraken assured that “for the present” the leaders of the company have no intention to make USDT withdrawal or delisting. Source:Kraken The European Union approving the MiCA framework is Kraken to […]
In a recent report by CoinGecko, it has been revealed that Solana cuts through this blockchain network speed race. This surge is due to a significant spike in meme coin activity on the Solana ecosystem. The report points out that Solana has reached a daily rate of 1,504 TPS (Transactions Per Second) . Such notable […]
The ABCON (the Association of Bureaux De Change Operators of Nigeria) solicits the supervision of the Securities and Exchange Commission (SEC) of Nigeria on the P2P (peer-to-peer) sectors of the foreign exchange market. President of ABCON, Aminu Gwadabe, met with Dr. Timi Agama of SEC to discuss the hurdles associated with online forex trading platforms. […]
Microsoft could face a penalty of not more than 1% of its annual revenue, if it does not reply to the EU’s request for information by May 27. This transference, for the Digital Services Act (DSA), aims to identify the challenges that may arise as a result of Bing’s generative AI components. We compel Microsoft […]
The Ministry of Electric Power in Venezuela declared that all cryptocurrency mines are disconnected from power lines, as per the instructions of the National Power Grid (SEN). This decision aims to reduce the high energy consumption from mining activities and ensure a reliable power supply for all citizens. Moreover, this is a logical consequence of […]
In recent weeks, decentralized finance(DeFi) protocols have been experiencing a notable surge, with the total value locked (TVL) increasing by $11.89 billion. The growth has brought TVL to $94.974 billion today, May 18 as reported by defillama.com. However,one DeFi protocol Perfectswap did not perform as expected. The protocol saw a complete decline,with a 100% reduction […]
Tether, the issuer of the USDT stablecoin, wants to create a P2P financial markets terminal by employing Holepunch technology for its implementation. Paolo Ardoino, the CEO of Tether, announced on X that Tether is planning to dedicate enough funds for this project. Holepunch is a system that aims to provide application creation without the need […]
In recent months, there’s been a worrying surge in thefts within the Pendle token ecosystem, totaling over $10 million in stolen Pendle yield tokens due to security breaches. This highlights the urgent need for cryptocurrency users to be extra vigilant. The latest incident in this string of thefts saw a victim lose $5.62 million in […]
The Fantom Foundation disclosed its new Layer-1 blockchain, Sonic Network, which connects to Ethereum through a Layer-2 bridge, enabling Sonic to access a vast user base, liquidity, and various protocols. 📣 Governance News 📣 Our new forum post focuses on the future of #Fantom and initiates a series of governance votes regarding our new network, […]