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Cryptocurrency
Immutable delays $67M token vesting by another year
Developers of Ethereum layer-2 nonfungible tokens (NFT) scaling solution Immutable (IMX) will delay the vesting of 125 million IMX in token rewards, worth $67 million at the time of publication, to July 2024.According to the October 17…
Deribit to List XRP, SOL, MATIC Options; Seeks License in EU
Deribit controls over 85% of the global crypto options market.
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Bitcoin Price (BTC) Observers Warn of Risk Aversion as Oil Prices Top $93
Higher oil prices are often transmitted to retail fuel prices, raising key inflation metrics like the Consumer Price Index (CPI). That, in turn, weighs over households' disposable income. Less disposable income means weak consumption,…
Crypto Fund Management Opportunity Could Be Worth as Much as $50B, Bernstein Says
The crypto industry is expected to transition from a "cottage industry" with $50 billion of managed assets to a "formal, regulated asset management industry with $500-650 billion of assets over the next five years," analysts led by…
NFT Platform ImmutableX’s IMX Token Surges 35% With Upbit Leading Volume Growth
The price rally is accompanied by over 22% increase in the 24-hour global trading volume, which rose to $556 million. The IMX-Korean won (IMX/KRW) pair listed on South Korea's Upbit exchange accounted for nearly 20% of the global…
Compromised private keys led to $70M theft
Hong Kong-based cryptocurrency exchange CoinEx has revealed that compromised private keys allowed hackers to steal over $70 million of tokens as the team looks to open lines of communication to claw back funds.CoinEx representatives…
Crypto Spot Market Activity Falls to 4.5-Year Low of $475B in August
Volume figures might have been worse had it not been for the brief volatility spike on Aug. 17 and at the end of the month. Bitcoin, the leading cryptocurrency by market value, fell over 10% to $25,000 on Aug. 17, tracking risk aversion…
Asset Management Professionals Maintain Crypto Optimism, Survey Finds
The hazy regulatory environment and depressed crypto markets are doing little to curb asset managers' interest in digital assets, according to report released Wednesday by Coalition Greenwich, a unit of India-based credit rating company…
99% of Nigerians are crypto aware
A global survey featuring respondents from 15 countries indicates that Africa’s largest economy Nigeria has the most cryptocurrency-aware populace in the world.Consensys and YouGov released the findings from the global Web3 perception…
FTX files motion for Galaxy Digital to manage recovered crypto holdings
Mike Novogratz’ digital asset management firm Galaxy Digital looks set to manage the remaining cryptocurrency holdings of bankrupt cryptocurrency exchange FTX.The company filed a motion with the District of Delaware Bankruptcy Court on…
