Crypto, Forex & Blockchain News

South Korea’s largest crypto exchange, Upbit, is set to launch DRIFT trading pairs for Korean Won, BTC, and USDT starting Nov. 8. DRIFT, Drift Protocol’s governance token, is an open-source perpetual futures DEX on Solana that has previously been listed on Coinbase and Bybit. With a recent surge in its trading volume and a market cap of $211 million, DRIFT is carving its niche in the crypto market. The article also discusses the launch of the DRIFT token through an airdrop and its role in supporting perpetual futures trading on the Solana Network.

The UK’s Financial Conduct Authority prosecutes two men, Raymondip Bedi and Patrick Mavanga, for a cryptocurrency investment fraud scheme involving 65 investors and a loss of over 1.5 million pounds. The case highlights the FCAs regulatory role over unauthorized financial activities and impacts of crypto scams.

Sensitive user data from Nigerian crypto exchange Bitnob has been leaked due to a misconfigured AWS storage bucket, with over 250,000 KYC documents exposed. The incident is believed to be a result of human error and while Bitnob has secured the data, no public comment has been made regarding the breach. The exposed data is highly valuable in dark web markets, raising serious cybersecurity concerns.

Ripple’s XRP is showing signs of a potential new bull run, according to analysts, despite being in a local bear market. Several indicators suggest it may be oversold, with some predicting its price to rise even further. Ripple’s third-quarter report and potential changes in the U.S. administration following the presidential election could impact XRP’s future trajectory. Learn more about the XRP price analysis and predictions here.

TON Accelerator announces the release of a 5 million dollar program designed to boost innovation and adoption within the TON blockchain ecosystem. Supported by TON Ventures and Mantle EcoFund, this initiative features strategy support to selected projects in the thriving crypto-gaming sector. The launch of the new program, Cohort 2.0: Synergy, aims to connect TON ecosystem to Telegram’s nearly 1 billion users and unlock potential multi-billion cross-chain liquidity.

Coinbase executives are set to sell up to five million shares, valued at over $900 million, following approval of trading plans. The stock trades are being managed under the Rule 10b5-1 provisions, allowing for pre-arranged sale schedules. This is part of an ongoing trend, with Coinbase insiders previously selling over $120 million in shares in 2023.

Pepe Unchained, a meme coin with its own blockchain, is projected to outperform Pepe by 2025 and generate major returns for investors. The pre-sale event has already raised $23.9 million. Known for its Ethereum layer 2 blockchain, quicker transactions and lower fees, Pepe Unchained presents an unprecedented use case in the meme coin landscape. The coin is tipped for 20x gains and has already established a strong community. The information provided offers insights into the potential of this emerging meme coin and how it aims to revolutionize the crypto market.

A new scandal has arrived in the world of cryptocurrencies. This time, involving the Cypher Protocol, a decentralized project based on the Solana blockchain. One of its main developers, known by the pseudonym “Hoak”, publicly admitted to stealing more than $300,000 from the reimbursement fund intended to compensate users affected by a previous attack. Once […]

The peculiar event that recently took place at the luxurious Mar-a-Lago residence brought together politicians, NFT collectors and cryptocurrency enthusiasts. Former United States President and potential 2024 presidential candidate Donald Trump has taken this opportunity to review his stance on the crypto space. And he has promised a friendlier approach if he returns to the […]