Binance destroys $450 million worth of BNB tokens in a strategic move to enhance their value, aiming for a leaner supply and scarcity-induced appreciation. Key Takeaways In a bold move to fortify its native token’s value, leading cryptocurrency exchange Binance set ablaze over $450 million worth of BNB tokens in its latest quarterly burn. This…
Co-founder Gary Wang admitted to generating false figures using a random number generator, raising concerns about trust and transparency. Key Takeaways In a revelation that has sent shockwaves through the cryptocurrency world, Gary Wang, co-founder of FTX, has admitted to falsifying the exchange’s insurance fund figures, essentially throwing the platform and its founder, Sam Bankman-Fried,…
In an industry as young and volatile as cryptocurrency, hacks are unfortunately a common headline. Last week, CoinEx joined the list of exchanges that have faced this ordeal. This incident didn’t just test the platform’s security measures; it also put its crisis management strategies under the microscope. Unlike other exchanges that have suffered similar breaches,…
The UK’s ICO investigates Snapchat’s “My AI” chatbot for privacy concerns, focusing on potential risks to users, particularly minors. Compliance may affect data processing. Key Takeaways Snapchat, renowned social media titan, is navigating turbulent waters as the UK’s Information Commissioner’s Office (ICO) scrutinizes its artificial intelligence (AI) chatbot, “My AI.” Highlighted concerns stem from alleged…
EOS EVM (Ethereum-compatible EOS version) upgrades to v0.6.0, adding USDT bridging, improving DeFi capabilities, and enhancing compatibility with EOS Native, fostering DeFi growth. EOS EVM Gets a V6 Upgrade and USDT Bridginghttps://t.co/AUVrstXkfa — ️visionrz (@Iamvisionrz) October 17, 2023 EOS EVM, the Ethereum-compatible version of EOS, has taken a significant step forward with the release of…
Bitcoin’s price may rival gold’s as the U.S. grapples with its “debt death spiral,” according to Jefferies analysts. Despite losing value since its late 2021 peak, Bitcoin recently saw a 2.7% increase, reaching a two-month high of $28,000. Key Takeaways Bitcoin, the preeminent cryptocurrency, might assert itself as a competitor to gold amidst the U.S….
X (formerly Twitter) is implementing a $1 subscription fee in New Zealand and the Philippines to combat spam and bots. Key Takeaways: X, the social media giant previously known as Twitter, is taking a proactive approach in its ongoing battle against spam bots and scammers. On October 17, the company announced the initiation of a…
The Ethereum Foundation recently sold 1,700 ETH for 2.738 million USDC at a price of $1,611 per coin. After the sale, ETH’s price dropped by 1.45%. Key Takeaways A ripple of consternation is weaving through the cryptocurrency market as on-chain data reveals substantial Ethereum (ETH) sales by the Ethereum Foundation and its co-founder, Vitalik Buterin,…
Dogecoin (DOGE) sees a 10.32% surge in daily active addresses, outperforming Bitcoin, Ethereum, and Cardano. DOGE’s whale transactions exceed $1.18 billion, indicating strong growth. Key Takeaways Dogecoin, initially born as a playful meme coin, is now making significant waves in the cryptocurrency sphere. Recent data from IntoTheBlock (ITB) highlights Dogecoin’s remarkable performance, particularly in comparison…
Bitmain, a major ASIC manufacturer, has halted employee salary payments since September due to financial struggles amid market volatility and halted IPO plans. Key Takeaways Bitmain, once a juggernaut in the Bitcoin ASIC manufacturing space, has plunged into financial turmoil, as reported by a technology information service platform, Leiphone, resulting in the suspension of salary…
