On September 24, 2023, Bybit, a prominent cryptocurrency exchange, announced the launch of an Islamic crypto account specifically designed to meet the needs of its Muslim clientele. This groundbreaking initiative is the first of its kind, allowing Muslims to engage in cryptocurrency trading while adhering to Shariah law. Bybit’s CEO, Ben Zhou, highlighted this pivotal
2024
The recent settlement between TrustToken and TrueCoin, the developers behind the TrueUSD (TUSD) stablecoin, and the U.S. Securities and Exchange Commission (SEC) has raised significant concerns within the cryptocurrency space. The entities agreed to a settlement involving $700,000 in penalties for allegations of fraudulent activities, particularly regarding the unregistered sales of investment contracts. This settlement
On October 2nd, Taiwan’s Financial Supervisory Commission (FSC) announced a significant overhaul of its Anti-Money Laundering (AML) laws aimed specifically at virtual asset service providers (VASPs). This development marks a pivotal shift in Taiwan’s regulatory landscape for cryptocurrencies, reflecting an increased commitment to combat financial crime while fostering a transparent digital assets market. Commencing January
The cybersecurity landscape for cryptocurrencies has entered a paradox in Q3 2024. While the total number of hacks has dipped to an unprecedented low, a mere 28 incidents were recorded, the financial ramifications have been staggering. In total, $463.6 million was siphoned from various projects, raising significant concerns about the overall security of the crypto
As we enter October 2024, the digital landscape for blockchain gaming is buzzing with excitement, particularly within the Telegram ecosystem. This month is marked by a series of riveting airdrop events and token listings that promise to draw attention from investors, gamers, and crypto enthusiasts alike. Airdrops have become a strategic tool for blockchain projects,
Ethereum (ETH) has experienced a significant decline recently, characterized by a 10.3% drop from the highs witnessed last week. The shift in momentum comes as a concern for many investors who are now questioning if ETH is approaching another correction phase. After the pivotal correction on October 1, Ethereum has struggled to regain vital resistance
The cryptocurrency landscape has come under serious scrutiny in recent months due to a significant increase in hacking incidents. In September 2024 alone, reports from the blockchain security firm PeckShield outlined an alarming wave of over 20 distinct hacking episodes, accruing losses exceeding $120 million. This spike in illicit activities raises urgent questions regarding the
The cryptocurrency market, characterized by its volatility and speculative nature, has recently attracted the attention of notable personalities, one of whom is crypto analyst Il Capo of Crypto. Recently returning to the social media platform X after a hiatus of over two months, Il Capo has shared his thoughts on the current state and future
As the leaves settle into the colors of fall, cryptocurrency enthusiasts are holding their breath, scanning the market for signs of a potential breakout. Historical trends in the cryptocurrency realm reveal a curious pattern: October often marks a precipice, a moment of volatility that precedes significant price shifts. In 2023, Bitcoin experienced an uptrend that
Ethena Labs has emerged as a notable player in the decentralized finance (DeFi) landscape with its creation of the synthetic dollar, USDe. Recently, the community has begun deliberations on the launch of a decentralized exchange (DEX) known as Ethereal, a strategic move aimed at bolstering USDe’s market presence and functionality. This article explores the significance