Author - James Lim
17Apr

BytePlus, Mysten Labs partner to integrate Sui blockchain tech

BytePlus has partnered with Mysten Labs to integrate its recommendation solutions and augmented reality technologies into the Sui blockchain. BytePlus, a subsidiary of ByteDance, selected Sui for its capabilities in supporting gaming and social applications. Sui provides features such as zero-knowledge proofs for user authentication and sponsored transactions designed to simplify user access. BytePlus offers services, including content distribution networks, personalization...

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17Apr

Europe dominates crypto banking with 63 providers

Over 135 traditional financial institutions are providing crypto banking support as blockchain assets have recently experienced rapid adoption and mainstream press. According to a joint report from Finery Markets and Coincub, analysts noticed a sharp increase in rails between banks and digital assets, with more money houses tapping decentralized finance utility. The phenomenon was spotted in regions worldwide, but...

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16Apr

Tether joins forces with Fuze for educational venture in Turkey and MENA

Stablecoin issuer Tether is teaming up with Fuze to educate individuals and financial institutions in Turkey and the Middle East about crypto. Tether, the company behind the largest stablecoin by market value, has signed a Memorandum of Understanding (MOU) with Fuze, a crypto infrastructure provider, to promote crypto education in Turkey and the Middle East in...

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16Apr

Why is crypto down today? Bitcoin sheds 4.3% in 24 hour trading

Bitcoin (BTC) has declined by 4.3% over the past 24 hours, resulting in a widespread collapse across the broader crypto market, as investors exit the market at breakeven on the back of the recent recovery push. The cryptocurrency market is witnessing a sharp decline following the latest rebound that saw multiple assets record double-digit gains. Bitcoin reclaimed the...

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16Apr

BlackRock’s Bitcoin ETF draws $73m amid sluggish market

BlackRock’s Bitcoin ETF was the only spot Bitcoin fund in the United States to record inflows on Monday, setting it apart from other ETFs that reported no inflows or experienced outflows. According to data from Farside Investors, the iShares Bitcoin Trust (IBIT) recorded net inflows of $73.4 million on April 15, albeit a decrease from the $111.1 million...

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16Apr

$3.5m ‘cryptojacking’ case sees Nebraska man face up to 30 years in prison

A Nebraska man is looking at 30 years in prison in connection with a major cryptojacking scheme. According to an April 15 indictment from the United States Attorney’s office in Brooklyn, Charles O. Parks III, also known as “CP3O,” has been charged with defrauding two prominent cloud service providers. Cryptojacking is a cyberattack in which attackers illegally “hijack” the...

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16Apr

Barclays, HSBC and Citi collaborate to pilot tokenized deposits in UK

Barclays, HSBC, and Citi, among other U.K. financial institutions, are embarking on a joint venture to pilot tokenized deposits. A group of British banks, including Barclays and Citigroup, is working on a new pilot of tokenized deposits aimed at enhancing the tracking of banking payments. In a press release on Apr. 15, the British trade association UK Finance revealed that...

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16Apr

Korean crypto markets hit 2-year trade volume peak

In Q1 2024, Korean crypto markets witnessed their highest trade volume in over two years, with KRW overtaking USD in cumulative trade volume, Kaiko says. Trade volume in Korean crypto markets soared to its highest level in over two years in early March, driven by an improved macroeconomic environment and heightened competition among local exchanges, according...

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16Apr

10X Research anticipates significant correction for crypto and stocks

According to Markus Thielen, head of research at 10x Research, risk assets like crypto and stocks could see a “significant price correction” in the coming weeks. Sharing his insights in an April 16 investor note, Thielen wrote that the cryptocurrency market is moving towards a “crucial tipping point,” which could lead to a notable correction in prices....

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16Apr

Lightning strike causes delays on Kelana Jaya LRT line

KUALA LUMPUR: The Light Rail Transit (LRT) service on the Kelana Jaya Line is currently operating with limited trains due to a system failure caused by a lightning strike to the power supply. The incident, reported to have occurred at 3.30pm, has prevented additional trains from the Subang LRT Depot from being deployed for peak hour...

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