The company announced this development on X (formerly Twitter). In response, Mixin Network has enlisted the help of SlowMist, a blockchain security firm, to conduct an investigation. According to SlowMist’s statement, the Mixin Network cloud service provider’s database was compromised during an attack on Saturday. Mixin Network has stated that they plan to reopen these […]
Is XRP Facing a Tight Spot? Price Remains Stable Sep 25, 2023 08:00 GMT+7 ETHUSD -0.29% SHIBUSD +1.37% XRP appears to be in a challenging position. Over the past week, its price has been fluctuating between the 200-day Exponential Moving Average (EMA) and a lower price channel support. Historically, this lower support level has served […]
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According to Henley & Partners’ 2023 Crypto Wealth Report, approximately 500 million people worldwide have invested in cryptocurrencies, but only 22 individuals, a tiny fraction, have amassed assets exceeding $1 billion. As of June 30th, there were roughly 210 million Bitcoin investors globally, with an even larger group of 425 million holding various cryptocurrencies. Bitcoin’s […]
On October 8th, the UK Financial Conduct Authority (FCA) will begin implementing new regulations regarding the promotion of digital assets. In a final warning, the FCA is urging all crypto entities to adhere to these new policies once they come into effect. Lucy Castledine, Director of Consumer Investments at the FCA, stated that entities unable […]
The crypto and Bitcoin markets continue to decline after the decision of the Federal Reserve (the Fed) or the United States central bank to hold the rate of increase in interest rates in the range of 5.25 to 5.5 percent. However, not only that, there are several other factors that keep Bitcoin prices under pressure. […]
The Australian Securities & Investments Commission (ASIC) has initiated legal action against Bit Trade, an Australian crypto exchange that offers services through the US-based Kraken platform, due to alleged non-compliance with financial regulations. ASIC oversees financial services and consumer credit in Australia and has accused Bit Trade of failing to meet the design and distribution […]
Japanese cryptocurrency exchange GMO has announced that it will compensate users who held XRP in 2020 with the equivalent value in Japanese Yen for Songbird (SGB) tokens. Each user will receive the Yen equivalent of 0.1511 SGB for every 1 XRP they held as of December 12, 2020. Songbird is an experimental blockchain associated with […]
In a significant development, the House Financial Services Committee has successfully passed the CBDC Anti-Surveillance State Act, a bill aimed at preventing the Federal Reserve from issuing a central bank digital currency (CBDC). Representative Tom Emmer, known for his support of decentralized cryptocurrencies, announced on social media that the legislation had received approval from the […]