China News Daily Official TheBitTimes.com

On June 30, Ripple announced that the XRP Ledger’s long-awaited Ethereum Virtual Machine (EVM) compatible sidechain was live. Ripple trumpeted “years of building and testing” to launch the mainnet, which would usher in “a new era of cross-chain DeFi.” So far, that new era of cross-chain DeFi has attracted fewer than $100,000 across all coins held in its smart contracts, according to DefiLlama’s total value locked (TVL) tracker. In fact, according to DefiLlama, this XRPL EVM has only four protocols worth tracking. Its most popular application has processed less than $1,100 in daily transactions over the last week. As of yesterday, this ostensibly “innovative multi-chain DEX and cross-chain DEX aggregator, strategically positioned within the XRP ecosystem” called Moai Finance had processed just $26 worth of trades over the prior 24 hours. DefiLlama displays data on August 8 for the largest DEX on the XRPL EVM. The XRPL EVM was supposed to welcome thousands of com...

Cryptocurrency exchange MEXC has commented on rumors about the deleted X account @MEXC_CEO. On Dec. 24, MEXC wrote a post addressing the recent “ confusion ” over the sudden deletion of the MEXC_CEO account , which some users believed belonged to the company’s CEO, John Chen Ju. Clarification on the recent MEXC_CEO Twitter Account Confusion Recently, there have been rumors on social media about the MEXC_CEO Twitter account. We sorry for any confusion caused by this incident and would like to clarify the following: Timeline of MEXC CEO's account: In… pic.twitter.com/xnwxylMEYy — MEXC (@MEXC_Official) December 24, 2023 However, company representatives noted that John Chen Ju left in July 2022, and since then, the person associated with the account no longer has any connection with the MEXC official. However, exchange representatives admitted they could have made a specific statement, leading to widespread misunderstanding and confusion. MEXC never has a...

Bitget Exchange announces the integration of a web3 wallet, indicating a potential trend as exchanges adapt to decentralized services. Bitget Exchange has publicized its integ ratio n of web3 wallet services , with plans to further incorporate decentralized exchange s, Swap services , NFTs and DApps. This move is part of a burgeoning trend among exchange s, with Binance also rumored to be integrating web3 wallet s into its app. Introducing #Bitget new #Web3 feature – your gateway to the best of #CeFi and #DeFi! Securely manage your #crypto with Bitget Web3 Wallet and enjoy DeFi services, all in one app. Swap, NFTs, DApps, and more – it's all at your fingertips! Read more — Bitget (@bitgetglobal) November 7, 2023 The genesis of such integ ratio ns can be traced back to BitKeep, which since 2018 have endeavored to lower the entry barriers into the blockchain space. The defi boom in 2021 and the subsequent rise of NFTs catalyzed the growth of platforms like BitKee...

Startling statistics reveal that the numbers have surged at an astonishing rate, surpassing twice the figures documented in the initial half of 2022 and witnessing an astronomical 1,800% surge compared to the corresponding period in 2020, as reported by Dunamu. Upbit, a South Korean cryptocurrency exchange, has fallen victim to hacking attempts on over 159,000 instances during the first half of 2023, according to its operating entity. These staggering statistics were disclosed by Dunamu, the entity that holds the reins of Upbit, and subsequently relayed to South Korean Representative Park Seong-jung of the People Power Party, as disclosed in a report by the South Korea-based Yonhap News Agency dated October 9. Remarkably, this report highlights a remarkable 117% upswing from the statistics in the first half of 2022 and an astonishing 1,800% spike when compared to the same period in 2020. Upbit stands tall as one of South Korea’s foremost CRYPTOCURRENCY exchange s, boasting a...

HashKey becomes the first licensed retail cryptocurrency exchange to launch in Hong Kong and anticipates major growth of the Web3 industry in the special administrative region. Hong Kong retail crypto currency traders now have access to a locally based crypto currency exchange after HashKey took its retail trading services live to users in China’s special administrative region on Aug. 28. The company was previously permitted to serve professional and institutional investors, before being granted Type 1 and Type 7 licenses by the Hong Kong Securities and Futures Commission (SFC) on Aug. 3. This paved the way to becoming the first licensed retail exchange in Hong Kong.  Figures from Hong Kong's treasury, banking, accounting and Web3 ecosystem marked the launch of retail trading at the Maritime Museum Central.  As Cointelegraph previously reported, the exchange now offers Bitcoin (BTC) and Ethereum (ETH) trading pairs with the Hong Kong Dollar (BTC/USD and ETH/USD) and plans to l...