Several months ago, Binance made a significant move by spinning off its $10 billion venture capital arm, Binance Labs, into an independent entity. This decision, although not widely publicized, marked a major shift in the organizational structure of the company. Bloomberg shed light on this development in a report on March 15, pointing out that
Recently, two US Senators, Jack Reed and Laphonza Butler, raised concerns about the approval of crypto ETF proposals, specifically focusing on Ethereum. They pointed out the lack of sufficient trading volumes and integrity in cryptos like Ethereum, which could pose risks for retail investors. The Senators advised the SEC to tighten its scrutiny on Bitcoin
NFPrompt, a content generation platform backed by Binance Labs, recently revealed a security breach that led to the unauthorized access and theft of user and platform funds. The hackers successfully compromised several wallets, including those belonging to NFP’s administrators, resulting in significant financial losses. The platform described the incident as a “critical security incident” that
Bitcoin has experienced a significant downturn in price due to a massive crash that occurred on Friday. This crash, which drove the price below $66,000, had a cascading effect on the entire cryptocurrency market. The root cause of this abrupt decline can be linked to a reduction in inflows for Spot Bitcoin ETFs. Institutions, who
The Securities and Futures Commission (SFC) in Hong Kong recently issued a public warning regarding the unlicensed operations of MEXC exchange within its jurisdiction. The SFC emphasized that MEXC, a virtual asset trading platform targeting Hong Kong investors, is not licensed by the regulatory body. As a result, MEXC has been added to the list
A recent survey conducted by the leading crypto venture capital firm, Paradigm, provides insights into the potential impact of cryptocurrency owners on the upcoming 2024 US Presidential Election. The survey, which included 1,000 registered voters, revealed that there is significant support for former President Donald Trump within the crypto community. The survey results showed that
Dogwifhat, known as WIF in the cryptocurrency world, has defied expectations and climbed to the top of the Solana meme coin hierarchy. Starting as just another digital currency looking to make an impression, Dogwifhat skyrocketed in popularity through a community-driven fundraising campaign. With over $680,000 raised collectively, supporters of Dogwifhat secured a prime advertising spot
Dogecoin20 (DOGE20), a new Ethereum-based meme token, has rapidly garnered attention in the market by surpassing the $240,000 mark in its presale. Launched less than 24 hours ago, this innovative token has captured the interest of investors with its unique approach to Dogecoin-related memes. The token aims to revolutionize the meme coin space by offering
Hong Kong’s central bank, the Hong Kong Monetary Authority (HKMA), has recently announced the launch of the second phase of its e-HKD pilot program. This initiative aims to delve deeper into the potential of a central bank digital currency (CBDC) for the region, focusing on areas such as programmability, tokenization, and atomic settlement. Industry Participation
Over the past few days, Bitcoin price has been facing some challenges as it tries to move higher from the $73,000 resistance level. This article will analyze the recent price movements of Bitcoin and provide insights into what could potentially happen in the near future. Price Correction Bitcoin price is currently correcting its gains and