Popular blockchain gaming software company Animoca Brands has announced a $30 million investment in Hi, a crypto exchange startup based in Hong Kong. This collaboration is particularly significant as funding for cryptocurrency platforms has become increasingly scarce worldwide due to economic uncertainties and growing regulatory hurdles. Hi has developed an innovative application that combines the…

Maker (MKR) has experienced a significant surge of 23%, contributing to its impressive rally. However, caution is advised as on-chain metrics suggest that this upward trend may not be sustained for much longer. Over the past month, Maker has showcased exceptional performance, witnessing an 86% increase in value. This bullish momentum has continued unabated, positioning…

Curve DAO, a leading decentralized exchange (DEX) known for its seamless stablecoin trading features, has recently suffered a significant setback. Moments before a white hat rescue operation, hackers pilfered approximately 7 million CRV tokens and $14 million worth of wrapped ether (WETH), as revealed by blockchain data and Curve contributor Banteg. The breach occurred within…

Australia’s Bendigo Bank has recently implemented new measures to block “high-risk crypto payments” in an effort to protect its customers from potential investment scams. This move follows the footsteps of other major banks in the country, including National Australia Bank, Westpac, and Commonwealth Bank, as they aim to combat fraudulent transactions involving cryptocurrencies. While the…

In a recent series of crackdowns on illegal cryptocurrency mining operations, Malaysian authorities have seized 171 cryptocurrency mining servers in the town of Miri on the island of Borneo. This growing problem of electricity theft for cryptocurrency mining has prompted energy suppliers and law enforcement agencies to address the issue more rigorously. The discovery of…

South Korea is taking a crucial step forward in the world of digital currencies by initiating a central bank digital currency (CBDC) project. The Bank of Korea, the nation’s central banking authority, has identified three potential regions to pioneer its CBDC pilot, bypassing the bustling capital city of Seoul. This move highlights the country’s commitment…