Bybit Crypto Exchange Applies for VATP License in Hong Kong.
The SFC has issued licenses to only two cryptocurrency exchanges in Hong Kong so far.Businesses may cater to both retail and professional investors with the VATP license.The Hong Kong Securities…
‘Bitboy’ Say Goodbye to Daily Show Amid Financial and Legal Battles.
Armstrong revealed show’s production costs of $25K/week & monthly legal bills of $100K are straining his finances. Ben Armstrong, widely known as “Bitboy,” has announced the discontinuation of his daily…
Polygon Labs Cuts 19% Of Staff To Reduce Bureaucracy.
Polygon Labs becomes the next crypto firm to announce layoffs, but not as a cost-cutting measure.Polygon Labs – the main development team behind the Ethereum scaling network Polygon (MATIC) –…
Biden Admin Launches “Emergency” Survey Of Bitcoin Miners’ Electricity Usage.
The government fears more Bitcoin miners could come online as Bitcoin’s price increases, applying increased stress to electricity grids.The Biden Administration is imposing new reporting requirements on all U.S. cryptocurrency…
Solana’s Phantom Wallet Hit by DDoS Attack, Services Temporarily Disabled.
The team declared that all assets in the Phantom wallet are secure. Until the vulnerability is resolved, Phantom has temporarily disabled several of its services. A Distributed Denial of Service…
UK Police Seized Bitcoin Worth Almost $1.8 Billion From $6.3 Billion China Investment Fraud.
The UK police previously seized 61,000 bitcoin said to be the proceeds of a large-scale Chinese wealth management scam.A Chinese-British woman, Jian Wen, is facing charges in London for allegedly…
Celsius Emerges Back Stronger With $3B Worth Crypto Distribution
Celsius Network emerges from bankruptcy, distributing $3 billion to creditors. Spot On Chain reports Celsius’ $156.5 million ETH deposit to Coinbase Prime. Celsius Network LLC, a prominent cryptocurrency lending platform,…
USDT Issuer Tether Achieves Whopping $2.9B Net Profit in Q4 2023.
A total of $5.4 billion is now in Tether’s surplus reserves, an increase of $2.2 billion.This is according to its latest attestation report by global auditing company BDO. Tether, the…
Ethereum Faces Downturn as Selling Pressure Erodes Recent Price Gains.
If the price manages to go below $2244 level, then it will likely test $2179 support level. At the time of writing, Ethereum is trading at $2270, down 1.56% in…
Ripple Hit by $112.5 Million Exploit: 213 Million XRP Stolen.
The criminals allegedly started a sophisticated money laundering operation post exploit. Chris Larsen detailed the extent of the breach and the measures to minimize its impact. ZachXBT, an on-chain independent…