Stablecoins and crypto are threatening fiat money dominance in Eastern Asia
Hong Kong emerged as the fastest-growing Eastern Asian country in terms of global crypto adoption, with 40% of the region’s value received in stablecoins. Go to Source
Month: September 2024
Bitcoin leads $321M crypto inflows following Fed rate reduction
Digital asset investment products posted a second consecutive week of inflows last week, totaling $321 million, CoinShares reported. Go to Source
Bitcoin poised for potential rally as FTX payout looms and Fed shifts
The latest 10x Research report examines macroeconomic factors and seasonal patterns hinting at a Bitcoin rally while cautioning investors on potential risks. Go to Source
Australia Mandates Financial Services Licenses for Crypto Firms Under New ASIC Regulations
The Australian Securities and Investments Commission (ASIC) has announced new legislation requiring cryptocurrency exchanges to obtain financial services licenses. This expansion of the Corporations Act aims to provide clearer oversight of the crypto sector, ensuring that widely traded crypto assets, such as bitcoin, are appropriately regulated. The new regulations are set to be implemented by … Read more
Bitcoin core dev to ‘unite’ Bitcoin and Ethereum with cross-chain tunnels
The Hemi Network team claims tunneling allows Bitcoin and Ethereum to coexist without the attack vectors associated with cross-chain bridges. Go to Source
Memecoins Surge On Solana After Fed Rate Cut; Whale Amasses $74M Profit In $WIF
Memecoins on the Solana blockchain saw notable gains on Thursday following the Federal Reserve’s interest rate cut. Among the standout performers was Dogwifhat ($WIF), which surged by 6.55%, securing its place as one of the top-performing memecoins. The token boasted a trading volume of $424 million, drawing significant attention from traders. In a major move, … Read more
RSI hints at classic BTC price breakout — 5 things to know in Bitcoin this week
The stars are aligning for BTC price action as traders pin hopes on the Bitcoin bull market finally returning. Go to Source
BingX Faces Hot Wallet Hack, Assures Users Of Asset Safety And Full Compensation
At around 4 AM on September 20 (Singapore time), BingX’s technical team detected unusual network activity, suggesting a potential hacker attack targeting the platform’s hot wallet. In response, an emergency plan was swiftly implemented, which included suspending withdrawals and urgently transferring assets to protect user funds. While some assets have been lost, the amount is … Read more
Understanding Meme Tokenomics: The Hidden Dynamics Behind Popular Tokens
Meme tokens have gained immense popularity, but their tokenomics often involve more complexity than meets the eye. Many meme projects claim that “100% of tokens are launched upfront,” but this doesn’t always tell the full story. While it’s true that all tokens may be released at launch, a large portion—sometimes over 90%—can be held by … Read more
Litecoin Sees Surge In High-Value Transactions, Rivaling Ethereum
Litecoin ($LTC) is gaining momentum, with transactions exceeding $100,000 over the past seven days reaching an impressive $20.09 billion. This figure is nearly on par with Ethereum’s ($ETH) $22.83 billion, despite $ETH having a significantly larger market capitalization. #Litecoin is accelerating! Transactions greater than $100k over the past 7 days now stand at $20.09 billion! … Read more