OKX began an investigation into the reasons for the fall of the OKB token by 50%
In a mysterious and tumultuous turn of events, the OKB token, native to the OKX crypto exchange, experienced a sudden and precipitous fall of 51%, plunging from $51 to $25 on January 24, around 11:00 Kyiv time (12:00 Moscow time). The plunge, echoing through the digital corridors, prompted swift attention from the OKX leadership. Mingxin Xu, the CEO of OKX, highlighted the event's high volatility and announced that the company had launched an investigation into the incident. The details ...
OKX began an investigation into the reasons for the fall of the OKB token by 50%
In a mysterious and tumultuous turn of events, the OKB token, native to the OKX crypto exchange, experienced a sudden and precipitous fall of 51%, plunging from $51 to $25 on January 24, around 11:00 Kyiv time (12:00 Moscow time). The plunge, echoing through the digital corridors, prompted swift attention from the OKX leadership. Mingxin Xu, the CEO of OKX, highlighted the event's high volatility and announced that the company had launched an investigation into the incident. The details ...
The media learned about the investigation into the Hounax crypto platform
Following complaints from 131 individuals, the crypto trading arena was cast under the stark scrutiny of an investigation targeting Hounax, a platform embroiled in a labyrinthine web of alleged fraud totaling HKD 120 million, a whopping $15.4 million in current valuation, as reported by the South China Morning Post. The underbelly of this unfolding saga saw the Hong Kong police enter the fray, delving into the intricacies of this enigmatic company. Allegations surfaced suggesting that individ...
The media learned about the investigation into the Hounax crypto platform
Following complaints from 131 individuals, the crypto trading arena was cast under the stark scrutiny of an investigation targeting Hounax, a platform embroiled in a labyrinthine web of alleged fraud totaling HKD 120 million, a whopping $15.4 million in current valuation, as reported by the South China Morning Post. The underbelly of this unfolding saga saw the Hong Kong police enter the fray, delving into the intricacies of this enigmatic company. Allegations surfaced suggesting that individ...
ARK Invest and 21Shares have changed their application to launch a spot Bitcoin ETF
ARK Invest, in collaboration with 21Shares, has introduced modifications to their joint application for registering a spot Bitcoin exchange-traded fund (ETF). These changes were noted by Bloomberg analyst Eric Balchunas, who interpreted them as a positive development. Balchunas additionally pointed out that the comments provided along with the modified application didn't introduce significantly new or comprehensive aspects. The updated application includes details about the methods used ...
ARK Invest and 21Shares have changed their application to launch a spot Bitcoin ETF
ARK Invest, in collaboration with 21Shares, has introduced modifications to their joint application for registering a spot Bitcoin exchange-traded fund (ETF). These changes were noted by Bloomberg analyst Eric Balchunas, who interpreted them as a positive development. Balchunas additionally pointed out that the comments provided along with the modified application didn't introduce significantly new or comprehensive aspects. The updated application includes details about the methods used ...
The head of Solana named the reasons for the developers leaving the USA
Anatoly Yakovenko, co-founder of the Solana project, has expressed concern over the departure of blockchain developers from the United States. He has urged local lawmakers to take a closer look at the blockchain industry and consider more favorable regulations to prevent the further exodus of talent. This issue underscores several key points:Global Competition for Talent: Blockchain development is a highly competitive field, and blockchain developers are in great demand worldwide. Countries w...
The head of Solana named the reasons for the developers leaving the USA
Anatoly Yakovenko, co-founder of the Solana project, has expressed concern over the departure of blockchain developers from the United States. He has urged local lawmakers to take a closer look at the blockchain industry and consider more favorable regulations to prevent the further exodus of talent. This issue underscores several key points:Global Competition for Talent: Blockchain development is a highly competitive field, and blockchain developers are in great demand worldwide. Countries w...
Crypto funds recorded the largest outflow in six months
Between August 19 and 25, there was a significant outflow of funds from cryptocurrency investment organizations, totaling $168 million, according to analysts at CoinShares. This outflow represents the largest in six months, with the last comparable level observed in March 2023. The majority of the outflow, around $149 million, came from organizations associated with Bitcoin. Ethereum saw an outflow of $17 million, while Ripple and Litecoin had smaller gains of $500,000 and $440,000 respective...
Crypto funds recorded the largest outflow in six months
Between August 19 and 25, there was a significant outflow of funds from cryptocurrency investment organizations, totaling $168 million, according to analysts at CoinShares. This outflow represents the largest in six months, with the last comparable level observed in March 2023. The majority of the outflow, around $149 million, came from organizations associated with Bitcoin. Ethereum saw an outflow of $17 million, while Ripple and Litecoin had smaller gains of $500,000 and $440,000 respective...
