A little-known crypto trader has turned $6,800 into $1.5 million in profit while accounting for over 3% of maker-side liquidity on a major crypto exchange. Market observer Adverse Selectee highlighted a small trading account holding less than $200,000 in equity on Thursday. Over the past two weeks, the account recorded a trading volume of $1.4…
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Artificial intelligence-driven edtech firm Genius Group plans to distribute potential winnings from billion-dollar lawsuits to shareholders and use a portion to expand its Bitcoin treasury, the company said. In a Thursday press release, the board of directors at Genius Group approved the distribution plan for repurposing any wins from two lawsuits that seek combined damages…
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A Polkadot governance proposal to convert 500,000 DOT tokens to Threshold Bitcoin (tBTC) for diversification and long-term stability has received mixed reactions from community members. While some believe Bitcoin (BTC) will serve as a hedge against market uncertainty, others remain skeptical about the timing amid all-time high BTC prices. In early June, pseudonymous Polkadot community…
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Cryptocurrency exchange KuCoin has launched a fully regulated local subsidiary in Thailand after acquiring an operational license from the country’s Securities and Exchange Commission (SEC). KuCoin Thailand is the company’s first fully regulated local digital asset exchange. In a Friday announcement, KuCoin said the launch reflects its commitment to security and compliance, citing its recent…
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As the broader Ethereum ecosystem and its core principles evolve to address data privacy concerns, a new proposal recommends a modular compliance strategy as a path to reconcile public blockchains with the European Union’s General Data Protection Regulation (GDPR). On June 9, a proposal drafted by Ethereum community member Eugenio Reggianini suggested the use of…
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Rampant electricity theft by illegal miners, inconsistent policies and a lack of legal clarity may deter Malaysia from tapping the potential of cryptocurrency mining, according to an industry report released by the Access Blockchain Association of Malaysia. The report predicts that Malaysia’s crypto mining market will grow 110.2% in 2025 — from $2.44 billion to…
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Polygon Labs CEO Marc Boiron called for a fundamental shift in how decentralized finance (DeFi) protocols manage liquidity, labeling the sector’s ongoing liquidity crisis as “self-inflicted.” In an exclusive interview, Boiron outlined Polygon’s vision for sustainable DeFi, emphasizing chain-owned liquidity and transparent economic models as the path forward. Boiron criticized DeFi protocols for fueling a…
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As Polygon lays the groundwork for mainstream Web3 adoption in India by bringing blockchain access to over 450 million Reliance Jio users, it remains focused on balancing speed, scalability and affordability, without compromising on decentralization. Polygon is working with Jio, a telecom giant owned by India’s richest man, Mukesh Ambani, to find ways to infuse…
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Amid the growing adoption of cryptocurrency reserves in countries like the United States, legal activists in Russia are pushing to create a potential crypto fund. Evgeny Masharov, a member of the Russian Civic Chamber, has proposed creating a government cryptocurrency fund that would include assets confiscated from criminal proceedings. The projected cryptocurrency fund would aim…
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Pavel Durov, founder of the popular messaging app Telegram, has left France and relocated to Dubai following approval from a French court. On March 13, Durov reportedly received permission from the French court to depart the country, allowing him to travel to Dubai — a city known for its business-friendly environment and lack of extradition…
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