The once-lucrative business of market-making in crypto, facilitating trades and profiting from the spread between buying and selling prices, has faced headwinds recently.One major factor contributing to this decline is the heightened caution among investors following the crypto market’s downturn last year, which wiped out approximately $2 trillion in value,…

SBI Remit, a subsidiary of Japanese financial conglomerate SBI Group, has partnered with SBI Ripple Asia to introduce Ripple’s XRP-enabled international remittance solution to bank accounts in the Philippines, Vietnam and Indonesia.The company’s expansion to Southeast Asian markets aims to streamline international payments using the crypto asset XRP as a…

Gleen, a chatbot service based in California, has secured $4.9 million in funding in an oversubscribed round.The company, which is making waves in the crowded market of chatbot services for Discord and Slack, attracted investors from both the traditional software industry and the emerging crypto sphere, according to a report from…

Israel’s Police National Cyber Crime Unit reportedly conducted a massive investigation into a local company, uncovering a crypto scam where hackers stole millions using malicious software.The company is set to have developed a malicious “sting software” that involved organized crime groups both domestic and international, to rob cryptocurrency investors “out…

The US Department of Justice (DOJ) has claimed that Sam Bankman-Fried, the disgraced founder of now-defunct crypto exchange FTX, has sufficient access to a laptop computer for his defense.According to a letter submitted by the DOJ on Tuesday, Bankman-Fried has access to a laptop functioning in an air-gapped environment for 11 hours each weekday and 7.5…

BTC三TH saw impressive gains of nearly 700% today after its highly anticipated crypto listing. The meme coin advanced to an intraday high of $0.00005066 before profit-taking pulled it back down.Now finding support near the 50 EMA on the 5-minute chart, BTC三TH is stabilizing between key levels as bulls hope for…

On September 5, the native token of Synapse (SYN), a decentralized finance (DeFi) cross-chain bridge, experienced a substantial price drop as an unidentified liquidity provider offloaded approximately 9 million SYN tokens and withdrew all stablecoin liquidity from the platform.Synapse stands out as a cross-chain bridge protocol, harnessing the power of…

As Bitcoin takes the limelight once again, its live valuation stands at $25,702, experiencing a minor slump of nearly 1% over the past 24 hours. According to the latest metrics from CoinMarketCap, Bitcoin proudly retains its #1 position with a monumental market capitalization of approximately $500.6 billion. The current circulation encapsulates 19,477,231…

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.Zug, September 5, 2023 – Chronicle, the second largest Oracle provider that safeguards over $5 billion for MakerDAO and its ecosystem, is proud to announce the launch of Chronicle Protocol. This release marks the first time the…

On September 4th, at 9:28 pm UTC, the crypto betting platform Stake resumed its deposit and withdrawal services only five hours after a reported $40 million exploit.The incident began with multiple unusual transactions on Monday morning Eastern Time, with approximately $16 million in Ethereum, Tether, USD Coin, and DAI leaving…