Thai VC fund acquires troubled exchange Zipmex for $100M: Report
Zipmex reportedly plans to use crypto assets received from the acquisition to unlock frozen customer accounts on the platform by April 2023. After weeks of negotiations on a potential buyout of Zipmex, venture capital fund V Ventures has reportedly reached …
ApeCoin risks 30% crash after APE staking debut in December
ApeCoin price has rallied 50% in the last three weeks but a sell-the-news event risks wiping out those gains. The multi-week ApeCoin (APE) market rally is nearing exhaustion owing to a mix of technical and fundamental factors. Fundamental — ApeCoin …
Trader allegedly saw over 5000x gains after Ankr protocol hack
Ankr protocol announced that it will be reissuing aBNBc tokens, promising that it will assess the situation and compensate affected users. As the BNB Chain-based protocol Ankr was exploited and the hacker dumped Ankr Reward Bearing Staked BNB (aBNBc) tokens, …
Ukraine collabs with international consultants to update crypto framework
The Advisory Council on the Regulation of Virtual Assets held its first meeting, dedicated to adjusting the National Tax Code to the crypto market. Working on their national crypto framework, the amendments to the law “On virtual assets,” the Ukrainian regulatory …
Bitcoin miner outflow ratio hits 6-month high in new threat to BTC price
Bitcoin miners are upping sales, but BTC price metrics hint that a relief rally could be next. Bitcoin (BTC) is entering a prime “low-risk bottom” zone as sellers finally accept FTX losses. Data from on-chain analytics firm Glassnode shows that …
Firefox dev Mozilla goes all-in on metaverse, acquires Active Replica
The legacy web developer and internet browser Mozilla announced its acquisition of Active Replica as part of its Hubs creator ecosystem to enhance digital experiences. The web developer Mozilla, mainly known for its internet browser Firefox, has joined the rush …
Crypto miners in Russia capitalize on the bear market by hoarding ASIC devices
Miners in Russia have likely been increasingly buying crypto ASICs due to reduced prices of mining devices as well as low-cost energy. Cryptocurrency miners in Russia appear to be unbothered by the ongoing crisis of crypto mining as the local …
New Cardano algorithmic stablecoin evokes old fears for the community
“I thought we already figured this out, algorithmic stablecoins, not the best option,” a community member wrote on Twitter. With the new announcement that Cardano is on its way to release an algorithmic stablecoin in 2023, various community members expressed …
Hong Kong working on investor protection regulations, says central bank exec
Hong Kong central bank executive looked optimistic about the future of decentralized tech, while the Korean central bank governor has his doubts in the wake of the recent crypto contagion. Central bank governors from around the globe are currently in …
Magic Eden follows OpenSea with NFT royalty enforcement tool
The open-source Open Creator Protocol of the NFT marketplace will enforce NFT creator royalties for new collections that opt-in to the tool. Magic Eden, a Solana-based nonfungible token (NFT) marketplace, has become the latest platform to release a tool allowing …