WazirX Removes Video Promising 100% Profit Sharing
Users left frustrated as crypto exchange backtracks on claims made during YouTube town hall. WazirX, one of India’s largest cryptocurrency exchanges, has removed a YouTube video in which management promised users 100% profit sharing from future cryptocurrency price appreciation. The video was part of a one-hour town hall session on
Can China’s faltering economy be turned around?
China’s economy is struggling. With an ambitious target of 5% growth this year, the country is dealing with weak consumer spending, a failing property market, and international pushback against its goods. By September, it was clear that hitting the goal was just plain impossible. In a last-ditch effort, Beijing rolled
BCB Group Successfully Completes FCA Investigation
The payment processor BCB Group, which connects cryptocurrency companies in the United Kingdom with the banking system, has announced the closure of an investigation initiated last year by the UK’s financial services regulator. According to two sources familiar with the matter, the Financial Conduct Authority (FCA) sent a “s166 notification” to BCB
Is FTX Exchange Going to Resurface This Alt Season When FTT Price Approaches $5?
The bearish action in the crypto market has led to top projects such as Bitcoin, Ethereum, and others losing momentum. However, FTX has been one cryptocurrency that has gained significant pace within a short period. Further, with a jump of ~30%, it has secured the position of top gainer among
Solana Flips Ethereum in DEX Volume: DeFi Dominance Shifts
For the first time in forty-three days, Solana surpassed Ethereum in weekly decentralised exchange (DEX) volume. Over the last seven days, Solana handled $9.1 billion across its DEXs, just surpassing Ethereum’s $9.09 billion, according to data from DeFiLlama. In terms of DEX volume, this is the third “flippening” between the
A Comprehensive Guide to UVI Token Mining: Unlocking Value in the PolluxChain Ecosystem
The UVI Token has made waves in the crypto space, not just for its utility but for its unique and fair mining process. As a part of the PolluxChain ecosystem, UVI Token offers exciting opportunities for users to earn rewards through mining or staking. Here’s everything you need to know
Malaysia adopts new laws and a cloud computing policy to enhance its AI game
Malaysia is stepping up its game to encourage the ethical use of artificial intelligence and advance local cloud computing efforts. According to an Oct. 1 report from Reuters, Malaysian Prime Minister Anwar Ibrahim said the country will introduce a national AI office to coordinate initiatives surrounding AI developments — a move
Kamala Harris Blockchain Remarks Ignite Debate in Crypto Community
Her economic plan also quotes “digital assets,” which some view as a step in the right direction. David Hoffman noted on social media that Harris was “technically pro-crypto,” while others, like venture partner Adam Cochran, saw her comments as positive progress for the industry. Scepticism During Crypto Crackdown Despite the
Hong Kong Adopts European Crypto OTC Derivative Rules
Hong Kong is set to align its crypto over-the-counter (OTC) derivatives reporting standards with European regulations, specifically the guidelines established by the European Securities and Markets Authority (ESMA). The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) announced on 26 September that Digital Token Identifiers (DTI)
Whales in Litecoin Make Significant Moves: Is LTC About to Break Through to $100?
Litecoin (LTC) has shown signs of weakening bearish momentum after a recent 4% decline over the past three days. At the time of writing, the LTC price was testing the critical support level of $67. This level holds importance for traders, as a break below it could result in more
