Abu Dhabi’s MGX Invests $2 Billion in Binance, Marking a Landmark Crypto Deal

In a landmark development for the cryptocurrency industry, Abu Dhabi’s investment firm MGX has invested $2 billion in Binance, the world’s largest cryptocurrency exchange. This significant capital injection marks Binance’s first institutional investment and is notable for being transacted entirely in stablecoins, underscoring the growing acceptance of digital currencies in substantial financial dealings. MGX, traditionally…

Read More

European Regulators Investigate OKX’s Alleged Involvement in Bybit Hack

In the aftermath of the unprecedented $1.5 billion hack of cryptocurrency exchange Bybit on 21 February 2025, European regulators are now scrutinising the potential involvement of OKX, another prominent crypto exchange, in facilitating the laundering of the stolen assets. The Bybit hack, attributed to North Korea’s Lazarus Group, exploited a vulnerability in Bybit’s security infrastructure,…

Read More

Cryptocurrency Exchanges See Traffic Drop Amid Market Downturn

In February 2025, leading cryptocurrency exchanges Binance and Coinbase experienced a significant decline in web traffic, with both platforms seeing nearly a 30% drop compared to the previous month. This downturn aligns with a broader trend affecting centralised exchanges (CEXs), which collectively saw an approximate 20% reduction in user visits during the same period. The…

Read More

Global Markets Tumble as JPMorgan Raises U.S. Recession Odds to 40%

Financial markets faced a sharp downturn on 10 March 2025, as both cryptocurrency and technology stocks suffered significant losses amid growing recession concerns. JPMorgan economists have raised the likelihood of a U.S. recession to 40%, up from 30% earlier this year, citing increased risks stemming from current economic policies and global uncertainties. The Nasdaq Composite…

Read More

Shiba Inu (SHIB) Faces Further Decline as On-Chain Activity and Investor Demand Plummet

Shiba Inu (SHIB), the second-largest memecoin by market capitalisation, has recently experienced a significant price decline, breaking the ascending trendline that had supported its price action since the 5 August crash. This breach suggests a potential further drop towards its Q1 2024 low of $0.00000837, raising concerns among cryptocurrency investors and traders. Technical indicators reinforce…

Read More

Crypto Stocks Slump

Shares of cryptocurrency-related companies fell sharply on Monday, following President Donald Trump’s recent executive order to establish a federal Bitcoin strategic reserve and rising concerns about U.S. economic policies. MicroStrategy (MSTR), the largest corporate holder of Bitcoin, saw its shares tumble by 13%, while Coinbase Global (COIN) and MARA Holdings (MARA) also faced significant losses…

Read More

Japan Crypto Reforms

Japan is set to ease cryptocurrency regulations, allowing greater flexibility for stablecoin issuers and lowering entry barriers for crypto brokerages. The reforms, recently approved by Japan’s Financial Services Agency (FSA), reflect the country’s ambition to become a global leader in the digital asset industry. One of the key changes permits stablecoin issuers to diversify their…

Read More
Back To Top