Trading Volume on Centralized Exchanges Drops 20%: Report
In the third quarter of 2023, trader activity remained subdued. It wasn’t until early October that the first indicators of potential turbulence started to emerge.
Backpack Rolls Out Cryptocurrency Exchange in Dubai
Backpack, a digital wallet company specializing in Web3, has recently announced the launch of its own cryptocurrency exchange.
Hackers Stole $720M in Crypto in Q3 2023
According to cybersecurity firm Hacken’s research, hackers were able to steal more than $720 million in digital currencies in the third quarter of 2023.
Binance’s Market Share Keeps Falling
In addition, Binance is also facing charges from both the Commodities Futures Trading Commission and the US Securities and Exchange Commission, causing some trading firms to scale back their activity on the exchange.
Zcash’s Project Celebrates Seventh Anniversary
October 28, 2023 marked the seven-year anniversary of the launch of Zcash (ZEC), a privacy-focused cryptocurrency.
NEO Price Soars Following Ethereum Compatibility Announcement
The team behind Neo is currently working on developing a sidechain to support decentralized applications from Ethereum as well as ensure compatibility with their N3 mainnet.
Crypto Exchanges’ Spot Trading Volume Rises 187%
The recent surge in the price of Bitcoin to its highest level since the spring of 2022 has sparked a significant increase in user activity on spot exchanges.
