Concerns Over $1 Billion Crypto Hack Cause a 20% Drop In GALA
GALA coins worth more than $1 billion were created on a single blockchain address. Is Gala the next company to be added to a list of billion-dollar hacks?
Market News
Three Large Crypto Firms Layoff 10-30% of their Workforce
In just 12 hours, three prominent crypto-related firms have reportedly been laying off a massive amount of their workforce. Read CNL.
Crypto May Be a Wiser Bet Than Tech Stocks Today
Following the recent tragedies of Amazon and Meta, many are saying that investing in cryptocurrency is better than in tech stocks.
Asian Central Banks Tests CBDC Transactions
Countries representing 95% of the world’s GDP are now using or looking into CBDCs. Asian central banks have finished the latest CBDC transaction experiment. Asia-Pacific nations have led the way in digital innovation. Asian central banks have completed the world’s largest pilot of central bank digital currency transactions. This comes to light in an announcement by the Central Bank of the United Arab Emirates (CBUAE) on Wednesday. Project mBridge, which tests cross-border payments, included the pilot in its scope. They accomplished this by leveraging a shared platform built on distributed ledger technology (DLT). The issuing and trading of CBDCs by
Ex-DeFi Dev Andre Cronje Calls Strict Regulation Amid Crypto Crash
Ex-DeFi developer Andre Cronje calls regulators to impose stricter regulation amongst actors in the crypto space. Read CNL.
Survey Shows Asian Families Are Investing More In Crypto
Family offices and high-net-worth individuals in Asian countries are eager to invest in cryptocurrency or already hold digital assets
Rishi Sunak May Be the Reason Why Crypto Is Pumping
UK’s newest Prime Minister Rishi Sunak may be the reason why the crypto market is pumping. Read CNL for more information.
Crypto Short Sales Hit $700 Million as Markets Get Greener
Amid a rise in broader equity markets, crypto followed suit. Over $700million liquidations on shorts. The largest liquidation event since July 2021.
Leading Crypto Firms May Flock to Japan After New Rules
Recent decisions by Japan would provide its residents with broader access to the cryptocurrency sector and a new generation of digital assets: reports.
Coinbase Legal: SEC Had No Reason To Deny Grayscale’s BTC ETF
According to Coinbase’s Chief Legal Officer, the SEC had no reason to deny Grayscale’s BTC ETF. After the BTC ETF rejection, Grayscale sued the SEC. Thousands of crypto advocates including Coinbase expressed their support for Grayscale. A couple of days after Grayscale filed a lawsuit against the US Securities and Exchange Commission (SEC), leading American crypto exchange Coinbase expressed its support. However, Coinbase Chief Legal Officer Paul Grewal highlighted that Grayscale did not seek any special favor during its filing of a bitcoin ETF, to begin with. Grewal pointed out that its support for Grayscale is based on the notion
Volatility Resumes as Whale Enters a Long Position
According to reports by Bitcoin Magazine, Bitcoin`s volatility has once again resumed amid a market place long position entry by Binance and Bitmex whale.
Market Will go Down After The US CPI is Announced: Poll
A poll on Cointelegraph asks readers to vote on what they think will happen to the cryptocurrency markets once the US consumer price index is released.
