Cryptocurrency news
Bitcoin Pauses. But Here’s Why a Recent Trend Suggests a Big Spike Will Hit Friday.
BitcoinBTCUSD –0.38% and other cryptocurrencies were largely paused on Friday, holding at levels reached after a recent rally. A recent trend in the crypto options market suggests that a spike in volatility—and possibly a big move upward—cou...
South African grocery giant ‘Pick n Pay’ intends to accept Bitcoin in all stores nationwide
Pick n Pay, one of South Africa’s largest supermarket chains, is set to allow its customers to pay for items in all its stores using Bitcoin. According to South African-based tech news outlet Tech Central, Pick N Pay is planning to roll out its cryptocurrency payme...
Decentralized Storage Alliance seeks to bridge the Web3 gap through education and advocacy
Decentralized storage network Filecoin has partnered with Protocol Labs and other participants within the Web3 ecosystem to launch the Decentralized Storage Alliance. According to the announcement, one of the main goals of the newly formed alliance is to help Web2 enterprises tra...
Hong Kong could be key for China’s crypto comeback: Arthur Hayes
Arthur Hayes, the former CEO of crypto derivatives giant BitMEX, believes the next crypto bull run will start when China moves back into the market, and Hong Kong has a vital part to play in this process. In his Oct. 26 blog post titled "Comeback", Hayes outlined why he thinks th...
Freeway's withdrawal halt blamed on 'failed' trading strategy
Crypto staking platform Freeway pointed at the failure of one of its trading strategies, along with market conditions as the leading reason for halting user withdrawals earlier this week. The crypto yield platform on Oct. 23 announced it was halting various transactions relating...
Japanese port city wants to become the Web3 hub for the country
In Japan, the city of Fukuoka is looking toward the future of Web3 in its latest partnership with Astar Japan Labs, the company behind Japan’s leading blockchain, the Astar network. Fukuoka is the country’s second-largest port city and has officially been designated a...
FTX to give a 'one-time' $6M compensation to phishing victims
Cryptocurrency exchange FTX will provide around $6 million in compensation to victims of a phishing scam that allowed hackers to conduct unauthorized trades on certain FTX users’ accounts. FTX founder and CEO Sam Bankman-Fried posted in a Twitter thread on Oct. 23 that the...
Metaverse trading volume plummeted 80% but hype hasn’t decreased
Third-quarter trading volume for the top 10 Metaverse projects may have fallen 80% compared to the second quarter, but analytics firm Dappradar suggests that interest in virtual worlds still remains. The Metaverse sector has been hit with a fair amount of negative press as of lat...
South Africa Classifies Crypto Assets as Financial Products
South Africa has declared crypto assets to be a financial product, according to a new notice from the country’s Financial Sector Conduct Authority. The change brings digital assets more under the purview of South Africa’s regulators. The notice defines a crypto asse...
German crypto bank Nuri tells 500K users to withdraw funds ahead of shut down
German crypto bank Nuri has told its 500,000 users to withdraw funds from their accounts as the firm prepares to shut down and liquidate the business, marking it as another victim of the 2022 bear market. Nuri first reported liquidity issues in August, after announcing t...