The aftermath of Axie Infinity’s $650M Ronin Bridge hack
Since the hack of Axie Infinity’s Ronin bridge, developers behind the game have raised $150 million to reimburse the affected users. Go to Source Powered by WPeMatico
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Indian crypto exchanges’ volume plunges down as 30% tax goes into effect
Payment services providers have also cut ties with major crypto exchanges even when the same is available for gambling and fantasy sports platforms. Go to Source Powered by WPeMatico
Leading centralized exchanges extend market share in 2022
The “top-tier” exchanges as ranked in a report by CryptoCompare increased their market share to 96% in February 2022. Go to Source Powered by WPeMatico
Number of UK crypto firms operating under FCA temporary registration status drops
The Financial Conduct Authority named CEX.IO, Revolut, Copper, Globalblock, and Moneybrain as companies in the crypto space temporarily allowed to operate in the United Kingdom. Go to Source Powered by WPeMatico
Russians collectively hold $130B in crypto, prime minister says
Russians reportedly hold about $130 billion in cryptocurrency but the government is yet to adopt crypto legislation. Go to Source Powered by WPeMatico
UFC to pay out fighter bonuses in Bitcoin for its upcoming PPV events
Sports and crypto have gone hand in hand over the past couple of years, as most sporting companies across various niches have on-boarded crypto firms as their brand partners. Go to Source Powered by WPeMatico
Binance.US completes $200M seed round to hit $4.5B valuation
After launching in 2019, Binance.US has reached a pre-money valuation of $4.5 billion and rolled out services in 48 states and eight territories. Go to Source Powered by WPeMatico
Female investors led crypto market growth in 2021, says new report
The average value and volume of transactions conducted on the BTCM platform increased by 48% and 118 percent in 2021, with the average daily orders increasing by 42%. Go to Source Powered by WPeMatico
US sanctions Russia’s largest darknet market and crypto exchange Garantex
The sanctions were part of an international effort aimed at “[disrupting the] proliferation of malicious cybercrime services, dangerous drugs and other illegal offerings.” Go to Source Powered by WPeMatico
Singapore aims to streamline financial watchdog’s authority over crypto firms
“We could be exposed to reputational risks brought by DT service providers created in Singapore, and which provide services relating to virtual assets,” said Alvin Tan. Go to Source Powered by WPeMatico