The Open Network (TON) has emerged as a revolutionary player in the blockchain landscape, particularly due to its association with the globally recognized messaging platform, Telegram. Recently, TON achieved a remarkable feat by reaching 100 million unique wallet addresses with non-zero balances. This significant growth, representing a staggering 95% increase in active users since the
Crypto
The cryptocurrency market has always had a reputation for its volatility, but recent developments have heightened the intensity of this unstable environment. Following a brief surge that captured investor attention, many cryptocurrencies find themselves plunging into correction territory. This reversal wiped out recent gains and illustrated the enduring battle between bearish pressure and bullish optimism.
In recent months, the cryptocurrency market has witnessed a significant uptick in interest, particularly in Japan, where companies are increasingly adopting Bitcoin as a primary asset. One of the most notable players in this space is Metaplanet, a Tokyo-listed firm that has recently solidified its reputation by acquiring an additional 108.786 Bitcoin, valued at approximately
Shiba Inu (SHIB), a notable player in the cryptocurrency landscape, has experienced significant volatility in recent weeks. Following a promising streak toward the end of September, where it reached a market capitalization exceeding $12.5 billion, the coin faced challenges as it entered October. This month, often dubbed “Uptober” by enthusiasts, has proven less than favorable
On the morning of October 7, an unexpected and dramatic decline in the price of Bitget’s BGB token sent shockwaves through the cryptocurrency community. The token’s value plummeted by 50%, dropping from $1.14 to a low of $0.64 before it began a recovery. This swift downturn has raised numerous questions regarding market volatility and the
As Premier League (PL) clubs navigate a changing financial landscape, the emergence of cryptocurrency sponsorships marks a significant transformation in sports marketing. A Bloomberg report from September 7 highlights that PL clubs have amassed an unprecedented $170 million in sponsorship agreements with crypto firms for the upcoming 2024/25 season. This influx of capital is particularly
The cryptocurrency market operates under the influence of various external factors, significantly shaping investor sentiment and capital flows. This past week, the impressive trajectory of US spot Bitcoin ETFs hit a stumbling block, provoking discussions about the implications of geopolitical events. A streak of remarkable net inflows, which saw Bitcoin ETFs welcome over $1.1 billion
The third quarter of 2024 presented a paradox in the realm of cybersecurity, showcasing a drastic drop in the number of reported hacks while simultaneously revealing a troubling trend in the recovery of stolen funds. With only 28 incidents reported, this marks the lowest frequency of hacks seen in three years. However, what is even
Wrapped Bitcoin (WBTC), a product birthed from the collaboration of BitGo, Kyber Network, and Ren, has established a notable foothold in the tokenized Bitcoin landscape. By representing each Bitcoin in a 1:1 format on alternative blockchains such as Ethereum and Solana, WBTC uniquely enables users to utilize Bitcoin within decentralized finance (DeFi) ecosystems. This maneuver
On October 2nd, 2023, Taiwan’s Financial Supervisory Commission (FSC) disclosed substantial updates to its Anti-Money Laundering (AML) regulations aimed specifically at virtual asset service providers (VASPs). This initiative is a deliberate step toward tightening oversight within Taiwan’s burgeoning crypto market. As the framework for combating financial crime evolves, the FSC seeks to bolster compliance among