According to a CoinDesk report, OKX, the world’s second-largest cryptocurrency exchange by trading volume, has lost two of its top executives, Tim Byun and Wei Lan. As OKX merges its operations into a single global brand, the employees’ departures raise serious questions about its stability and future. OKX Experiences Executive Departures Amidst Strategic Restructuring Byun,…
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A recent report from SoSoValue shows significant movements in the Bitcoin exchange-traded funds (ETFs) market, mainly focusing on the outflows observed in Grayscale’s Bitcoin Trust (GBTC) and the broader net outflow of $58.03 million from Bitcoin spot ETFs. The data highlights the dominance of outflows, with GBTC alone experiencing a net outflow of $79.38 million, contributing to…
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Clearstream, Deutsche Börse’s post-trade business is investing an undisclosed amount in the fintech start-up Digital Vault Services (DVS). Deutsche Börse, one of Europe’s biggest exchange operators, said the Clearstream investment is subject to applicable regulatory approvals and finalization of legal documentation. The funding will be used by Digital Vault Services to broaden its offering as…
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On Wednesday, Ord.io, the Ordinals explorer, announced a $2 million pre-seed funding achievement to pioneer the expansion of Runes. Leonidas, the founder of Ord.io, stated that the startup is strategically positioning itself to “serve the next generation of bitcoiners.” Ordinals Explorer Ord.io Receives $2M Boost In 2024, a significant number of startups connected to the…
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The Bank of Israel is launching a sandbox environment for testing CBDC use cases, in an effort to refine the design of the digital shekel and ensure its capacity to facilitate advanced applications. “We are now building the system and intend to officially announce the project in the coming weeks,” Andrew Abir, the central bank’s deputy…
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The South Korean Central Bank is set to “speed up” its CBDC project, and will pilot its digital KRW with a group of 100,000 citizens later this year. According to Newsway, the Bank of Korea (BOK) will test digital KRW usability and deposit functions with the group “at the end of 2024.” South Korean Central…
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Ore has paused its mining operations on the Solana blockchain to address issues of network congestion. According to a series of social media posts by the Ore developer Hardhat Chad, the mining suspension aims to mitigate the recent congestion on Solana caused by the rapid adoption of their protocol. I have decided to pause all…
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Bitcoin mining companies are experiencing a significant decline in their stock prices as they face reduced revenue due to an upcoming code update for the largest cryptocurrency. Companies such as Marathon Digital Holdings Inc., Riot Blockchain Inc., and CleanSpark Inc. have seen their stock prices fall for three consecutive days. The Valkyrie Bitcoin Miners exchange-traded…
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Accounting firm EY launched an Ethereum-based blockchain solution on Wednesday. It aims to help businesses execute complex agreements, reduce costs, and maintain security. Called the EY OpsChain Contract Manager (OCM), it is designed to tackle hurdles like managing business agreements spanning internal and external operational and technology silos. It also enables multiple parties to synchronize…
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South Korean police have raided the offices of the sports-themed blockchain platform Winnerz as part of a probe into claims its WNZ token is a “scam coin.” Per the newspaper Money Today, the Seoul Metropolitan Police Agency’s criminal task force announced on April 16 that it had searched and seized evidence from two locations. WNZ…
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