Category: Blockchain

Digital-Asset Investment Funds Enjoys Net Inflow of up to $63M since Five Weeks

Bitcoin’s price rebounded slightly today, which has increased by 1.23% over the past 24 hours, according to Coinmarketcap. During the intraday, Bitcoin was trading at $34,796.22. The crypto market leader with a market cap of $652,103,078,056 has stabilized above the support level of $30,000 for two consecutive weeks.  Analysis company CoinShares released a report entitled “Digital Asset Fund Flows

Former-Cryptopia Employee Pleads Guilty Stealing Over $171K in Crypto

A former male employee has pleaded guilty to steal over $171K in cryptocurrencies from a liquidated New Zealand-based crypto exchange Cryptopia, according to local media coverage Monday. The unnamed male defendant admitted two charges through his lawyer, including committed theft crimes by “a person in a special relationship and theft over $700”. He then was

Defi Tranche Protocol Receives $1.5M Seed Round of Financing led by Three Arrows Capital and Spartan Group

Defi chess-themed Tranchess protocols received a $1.5 million seed round of financing led by Three Arrows Capital and Spartan Group. According to the official press release, investors in this seed round include Binance Labs, Longhash Ventures, IMO Ventures, etc.  The financing will be used for the multi-chain development of the Tranchess protocol. Meanwhile, it will

Houbi Imposes A 24-Hour Delay on Crypto Withdrawals to Control Speculative Trading

Houbi, the second-largest crypto exchange by trading volume, recently has introduced a 24-hour condition before customers make withdrawals of crypto funds in over-the-counter (OTC) transactions as part of its efforts to discourage speculations. Based on the new rule, users can only withdraw their virtual coins 24 hours later after buying their tokens; Huobi’s operating unit in

The Ratio of Bitcoin’s Supply on Exchanges Hit a 6-Month Low

Bitcoin (BTC) was down by 2.87% in the last 24 hours to hit $34,380 during intraday trading, according to CoinMarketCap.  Nevertheless, statistics by Santiment show that Bitcoin’s ratio of supply on crypto exchanges hit a six-month low. The on-chain metrics provider explained: “The ratio of Bitcoin’s supply on exchanges has encouragingly slid down to

The Philippine Stock Exchange To Consider Launching Crypto Exchange

The Philippine Stock Exchange (PSE) has shown its plan to launch a platform for trading cryptocurrencies regulated in the country legally, according to a CNN report last Friday. It is currently waiting for the domestic SEC and other regulatory agencies to issue relevant encryption trading guidelines. Due to the growing local demand for digital payments, more

Japan’s SoftBank leads $200 million investment in Brazil’s Mercado Bitcoin

Japan’s SoftBank recently has invested $200 million into the Mercado Bitcoin crypto exchange in Brazil. Roberto Dagnoni, the CEO and executive chairman of 2TM Group, the parent company of Mercado Bitcoin, revealed that the cryptocurrency exchange plans to utilize the funds to ramp up its business activities, improve its crypto offerings, and make an investment in infrastructure,