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South Korean exchange Upbit teases own blockchain network with countdown
ByRicardoSouth Korea’s largest crypto exchange, Upbit, unveiled a cryptic countdown this week for a brand new blockchain venture known as “Giwa,” fueling hypothesis about its goal and potential function within the nation’s fast-growing digital asset sector. The teaser web site, which carries the tagline “trusted construction, not simply form,” supplied no technical particulars however directed…
Industry Feedback: Crypto Market Structure Bill Draft Raises Calls For Improvements
ByRicardoThe unveiling of the anticipated draft of the crypto-centric Market Structure Bill has stirred a wave of reactions and calls for for key enhancements from {industry} stakeholders. Crypto Market Structure Bill Draft Under Scrutiny According to Crypto In America, the long-awaited market construction dialogue draft introduced by the Senate Agriculture Committee this week has left many…
Whale’s $2.6 billion Bitcoin sale fueled weekend crash amid ETH buying spree
ByRicardoBitcoin slipped to its weakest level in more than a month after a major investor began unloading thousands of coins in favor of Ethereum. Data from CryptoSlate show the asset trading at roughly $111,600 on Monday, down nearly 3% in a single day and its lowest mark since early July. The sell-off erased gains from…
OCC Highlights Major Concerns Over Crypto Debanking Practices Among Major Banks
ByRicardoOn Wednesday, the Office of the Comptroller of the Currency (OCC) launched findings which have raised alarm bells concerning crypto debanking, reigniting fears of what some are dubbing “Operation Chokepoint 2.0” inside the monetary sector. This supervisory overview centered on 9 of the biggest nationwide banks underneath OCC supervision, together with JPMorgan Chase, Bank of…
XRP ETPs see $25M inflows as Bitcoin and Ethereum drive $1.43B exodus
ByRicardoDigital asset investment products recorded their most significant withdrawal in months last week, with outflows totaling $1.43 billion, CoinShares‘ latest weekly report revealed. CoinShares reported that the sell-off marked the third-largest outflow of the year and the biggest since March. According to the firm, trading activity also intensified last week, with exchange-traded products (ETPs) generating $38…
Ethereum to retire Holesky testnet as Hoodi takes center stage
ByRicardoThe Ethereum Foundation announced that the Holešky testnet is getting into its last section, and the community is scheduled to shut down two weeks after the Fusaka upgrade concludes. According to the Foundation, the community assist from shopper builders, testing teams, and infrastructure suppliers will formally finish as soon as the anticipated improve course of…
