Cryptocurrency Analysis and News Portal
According to an Apr. 10 post by Justin Sun, the de facto owner of cryptocurrency exchange Huobi Global, the firm recognized $150 million in revenue during Q1 2023 compared to $120 million in expenditures, resulting in a net income of $30 million. Sun says that "a large number of measures
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The exchange said on Sunday hackers transferred the crypto assets from a hot wallet to an unidentified wallet. Source
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In what has been described as a collaboration that will deepen crypto adoption, the cryptocurrency exchange Binance recently said it partnered with the African video streaming service Showmax. Binance users that enroll to become active in Web3 will be rewarded with a month-long video streaming subscription. Africans Embracing Blockchain Cryptocurrency exchange Binance
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"Despite the bear run, Bitget has always been supporting promising and innovative projects and the development of the Web3 environment with a focus on BUIDL. The launch of Bitget Web3 Fund is a continuation of our ongoing efforts to drive the adoption of crypto and Web3, reflecting our ‘Go beyond
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press release PRESS RELEASE. The Build N Build (BNB) Chain is a decentralized blockchain network that allows developers and innovators to build decentralized applications (DApps) as part of the transition to Web3. The BNB Chain is capable of high-speed transaction processing and lower cost transactions than the Ethereum network. It also supports
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Cryptocurrency derivatives exchange dYdX has announced it will be restricting Canadian user accounts over the next seven days in a move to exit the market.In an April 7 blog post, dYdX said it will be “winding down services” in Canada, starting with halting the onboarding of new users located in
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At 17:00 UTC, the exchange stopped onboarding new users based in Canada. Current Canadian users will retain full access to dYdX’s platform for the next seven days. But on April 14 they will be moved to “close-only mode” and only allowed to exit their positions and withdraw their capital. Source
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The upgrade will launch in three phases, pseudonymous founder Myrddin said in Discord. First, on Saturday, Camelot will deploy a beta-stage automated market maker (AMM) based on the codebase of Algebra, a liquidity-focused protocol. The v2 upgrade will introduce “major enhancements” to Camelot’s infrastructure, such as adjusting pool fees and
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The infamous hack of the Mt. Gox crypto exchange in 2014 saw it lose 850,000 Bitcoin (BTC) overnight. The situation around repaying creditors of the defunct Mt. Gox cryptocurrency exchange has reached yet another chapter. This follows after the just concluded registration exercise where clients who lost funds to the famous
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Al Ansari Financial Services experienced an upswing in the value of its shares after instituting 2023’s first Dubai IPO. The shares of UAE remittances and money exchange firm Al Ansari Financial Services surged 17% in its initial public offering (IPOIPO) outing at its Dubai Financial Market trading debut. The family-owned company raised $210
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