Huobi has seen a 33% drop in its stablecoin reserves over the past week, coinciding with a withdrawal of about $49 million by traders. The exchange’s main holdings lie in tokens related to the Justin Sun ecosystem, including TRX and HT. Amidst rumors of top Huobi executives’ detention by Chinese […]

Hong Kong has issued its first cryptocurrency licenses to local exchanges, allowing them to serve retail traders as well as professional investors. This marks a significant shift in the crypto landscape in China and could have a substantial impact on the XRP market and other cryptocurrencies. The move to grant […]

Huobi, a major cryptocurrency exchange, faced rumors of insolvency after a sharp drop in Total Value Locked (TVL). Amid investigations by Chinese authorities over its gambling platform associations, concerns grew, but Huobi’s leadership, including Justin Sun, expressed confidence in the exchange’s stability and future growth. Crypto Twitter was in a […]

MakerDAO, one of the early pioneers of decentralized finance, has sparked criticism over its decision to block virtual private network (VPN) users from accessing its recently launched lending platform, Spark Protocol. At the time of writing, VPN users that attempt to access the Spark Protocol website will be met with […]

In a recent YouTube video, a user shared a harrowing account of her Ledger hardware wallet being hacked, resulting in the loss of thousands of XRP tokens. This incident serves as a stark reminder of the potential risks associated with cryptocurrency storage and the importance of stringent security measures. SEO […]

Elon Musk stated that his social media company X (formerly Twitter) will fund the legal bills of any user that was treated unfairly by their employer for engaging with content on the platform. In an April 5 X thread announcing the move, Musk said that lawsuits of any scale will […]

In the midst of the ever-changing cryptocurrency landscape, Optimism (OP) has shown remarkable resilience, posting a notable price increase of 13.53% in the past seven days. Despite facing a slight decline of 1.80% in the last 24 hours and a further 1.35% shrinkage within the hour, Optimism remains on an […]

Tether, the company behind the USDT stablecoin, may now be the 11th largest bitcoin holder in the world. This comes after the stablecoin issuer recently published its attestation report for Q2 2023. According to the report, Tether recorded an increase in excess reserves, which grew by $850 million. This brought […]

Prominent pseudonymous crypto analyst “DonAlt” recently offered his perspective on the intriguing interplay between the S&P 500 and the crypto market. DonAlt, who has over 500,000 followers on X (formerly known as Twitter), posits that the fortunes of Bitcoin, and the broader crypto market, are closely tethered to the stock […]

Buyers and sellers are at odds over the direction of the cryptocurrency market. As a result, altcoins have been moving in a range. XDC Network The price of XDC Network (XDC) is rising and has reached a high of $0.093. The price indication predicted a similar price increase to the […]