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Meet X1 - New zKEVM Layer-2 Network by OKX and Polygon Labs

Meet X1 – New zKEVM Layer-2 Network by OKX and Polygon Labs

On November 14, 2023, crypto exchange OKX announced the launch of its new zk-powered layer-2 network in partnership with Polygon Labs. Currently in testnet, the new network – X1 – aims to enhance accessibility to Web3 for OKX, Polygon, and Ethereum communities, accelerating Web3 adoption. With EVM compatibility and Polygon Chain Development Kit (CDK), X1 …

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Cboe to Debut Margined Bitcoin and Ether Futures in January

Cboe Digital to Enable Margined Bitcoin and Ether Futures in January

Cboe Digital, a crypto-focused subsidiary of Cboe Global Markets, announced Monday its plans to offer trading and clearing services in margined Bitcoin and Ether futures. Set for January 11, 2024, the launch of those products will make Cboe Digital the first U.S. regulated cryptocurrency exchange to offer a full suite of spot and derivatives trading …

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81,000 Wallets Accumulate $1 Million+ in Bitcoin

81,000 Wallets Accumulate $1 Million+ in Bitcoin

The number of wallets with at least $1 million worth of Bitcoin has reached 81,717, up 237% since January this year, according to Bitcoin Rich List by BitInfoCharts. The surge is impressive. However, not every wallet that holds over $1 million worth of Bitcoin belongs to an individual person. Many are owned by cryptocurrency exchanges …

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Bithumb Sets Sights on KOSDAQ for Landmark IPO

Bithumb Sets Sights on KOSDAQ for Landmark IPO

The ambitious move is going to challenge Upbit’s dominance. Bithumb, Korea’s second-largest digital asset exchange, has unveiled plans for an initial public offering (IPO) on the KOSDAQ stock exchange, per EDaily, a Korean media outlet. The listing, anticipated in the second half of 2025, is said to be part of the exchange’s effort to enhance …

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UK Crypto Scams Soar 23% - Young Investors Targeted

UK Crypto Scams Soar 23%, Young Investors Targeted

UK leading bank Lloyds Banking Group has issued an urgent warning about the growing threat of cryptocurrency scams. The press release dated on November 8, 2023, highlighted the rise in cryptocurrency scams, their prime targets, warning signs, and tips to avoid them. One of the key findings is the surge in crypto scams. Cryptocurrency investment …

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Binance Fully Exits Russia

Binance Fully Exits Russia, Suspends Withdrawals in January 2024

According to the latest update, Binance will terminate deposits of Russian ruble (RUB) on November 15 upon exiting the local market. Ruble withdrawals remain available until the end of January 2024. Russian users with fiat holdings on the exchange are prompted to move their funds to CommEx with zero fees. CommEx exchange reportedly bought Binance’s …

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Celsius to Redistribute $2 Billion to Customers After Court Approval

Celsius to Redistribute $2 Billion to Customers After Court Approval

Crypto lender Celsius Network has announced plans to repay its customers after obtaining approval by the U.S. Bankruptcy Court Southern District of New York on November 9. Last month, the company reportedly sought court approval for its restructuring and repayment plan after getting approval from a majority of its creditors in September. With the latest …

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BlackRock Registers iShares Ethereum Trust, Paving Way for Spot ETF

BlackRock Registers iShares Ethereum Trust, Paving Way for Spot ETF

BlackRock finally joins the spot Ether race with its iShares Ethereum Trust. BlackRock, the world’s leading investment company, has registered an iShares Ethereum Trust in Delaware on November 9, as reported by X account @SummersThings in a post. The move could be a sign that BlackRock plans to file for a spot Ethereum ETF, similar …

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Standard Chartered and SBI Holdings Announce $100M Digital Asset Venture in the UAE

Standard Chartered and SBI Holdings Announce $100M Digital Asset Venture in the UAE

SC Ventures, a business unit of British multinational banking Standard Chartered, and Japanese financial holding company SBI Holdings, have teamed up to launch a ‘Digital Asset Joint Venture,’ in the UAE with $100 million in capital. The newly formed investment entity will initially focus on regional firms with exposure to digital assets in key areas, …

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