The recent announcement of the closure of the Binance-linked HKVAEX exchange has sent shockwaves through the cryptocurrency community. After withdrawing its application for an operational license in Hong Kong, the exchange is set to cease its services, leaving users with only a short window to withdraw their assets. While the exact reasons for HKVAEX’s application
The outflows from the Grayscale Bitcoin ETF have been a major point of concern in the market recently, with last week seeing a significant impact on the price of BTC. However, as we enter a new week, there seems to be a shift in the narrative as investors are once again showing confidence in Bitcoin.
Recently, the crypto exchange HKVAEX, which is linked to Binance, decided to withdraw its virtual asset trading platform license application from the Hong Kong Securities and Futures Commission (SFC) post-deadline. This decision has raised eyebrows in the industry, especially considering the implications it may have on the company’s future operations and the broader crypto market
Bitcoin (BTC) has recently shown signs of a potential surge after forming a bullish technical pattern known as a bull flag. Analyst Ali Martinez has identified this pattern on Bitcoin’s 4-hour chart, indicating a consolidation phase following a significant price increase. The decreasing trading volume during this period suggests a temporary pause rather than a
The TRM Labs data has revealed a significant decrease in illicit crypto volumes in 2023, dropping by a third from $49.5 billion to $34.8 billion. Despite this overall decline, the TRON blockchain hosted a staggering 45% of all crypto frauds in 2023, up from 41% in the previous year. This raises concerns about the security
Ethereum price has been able to maintain its gains above the $3,500 mark, demonstrating resilience in the face of market fluctuations. The current price of ETH is a key indicator of its potential bullish momentum in the short term. Upon careful examination of the hourly chart of ETH/USD, it can be observed that Ethereum has
The US and UK governments have teamed up to investigate crypto transactions totaling over $20 billion that may have breached Russian sanctions. The transactions are suspected to have been channeled through Garantex, a Russia-based crypto exchange, with the aim of circumventing international sanctions and potentially supporting military activities in Ukraine. Despite comprehensive sanctions against Russia
The meme coin markets on Solana have been experiencing a significant surge, with the latest token, Christ is King, seeing an astonishing increase of over 770,000% in just 24 hours. This growth has been fueled by a sudden viral success on the platform, leading to a frenzy of trading activity. Despite experiencing a retracement after
The recent ruling by Judge Lewis A. Kaplan sentencing FTX founder Sam Bankman-Fried to 25 years in prison has sent shockwaves through the financial world, with U.S. Attorney Damian Williams stating that it will send “an important message” to potential fraudsters. This harsh sentence, accompanied by an order for Bankman-Fried to forfeit over $11 billion,
The emergence of 5SCAPE, a virtual and augmented reality (VR and AR) cryptocurrency gaming ecosystem, has sent ripples across the blockchain and gaming communities. With the ongoing presale raising an impressive $2.8 million, it is clear that 5thScape is positioning itself as a frontrunner in the realm of immersive experiences. The platform offers exclusive access