Between the 12th and 13th of April, Bitcoin (BTC) prices dropped by a significant 13.3%. This steep decline forced numerous leveraged traders to sell off their holdings. The result was approximately half a billion dollars in liquidations and a decrease of over $5 billion in open interest. Despite the recent bounce back in Bitcoin’s price … Read more
UK Finance, an organization that represents the British banking and finance industry via a trade association, is expanding its experimentation with using a common ledger system for recording transactions between financial entities. In the rapidly developing crypto industry, this project aims to enhance and simplify business operations for involved parties. Notable finance companies like Barclays … Read more
The Filecoin Foundation is currently looking into the unexplained loss of $23 million worth of FIL tokens from the Filecoin Liquid Staking (STFIL) platform. This incident took place following reports that STFIL’s core team was taken into custody by Chinese authorities in early April. Danny O’Brien, a senior figure at the foundation, disclosed on X … Read more
Between the 12th and 13th of April, Bitcoin (BTC) prices dropped a significant 13.3%, triggering leveraged traders to sell off their holdings. The ensuing market turmoil led to approximately $500 million in forced sales and a decrease of around $5.4 billion in outstanding contracts. Despite the price of Bitcoin bouncing back up to $62,600, some … Read more
At the Blockchain Life Dubai conference, the Blockchain for Good Alliance (BGA) was introduced, bringing together various organizations and individuals with the shared goal of employing blockchain technology to address social, environmental, and economic challenges. Members include Bybit Web3, Solana Foundation MoleDaos, and many more. BGA serves as a catalyst for the growth of Blockchain … Read more