#cryptocurrency

The Indonesian government has reiterated the necessity for cryptocurrency exchanges to register with the Commodity Futures Exchange (CFX), a national trading platform established in 2023. Exchanges that fail to register will be compelled to cease their operations in Indonesia.

A verified author on the CryptoQuant analytics platform, known as IT Tech, has revealed that the Bitcoin holdings of the collapsed cryptocurrency exchange, Mt Gox, remain static. This suggests that the exchange's management doesn’t sell BTC to make compensation payouts to users.

The Central Bank of Nigeria has reversed its directive that barred commercial banks from engaging with cryptocurrency platforms. This change has, however, stirred discontent among P2P traders, who had largely taken over the market after the initial ban.

The liquidators of the collapsed cryptocurrency hedge fund, Three Arrows Capital (3AC), have projected that creditors could recover about 45.74% of their funds, based on the current frozen assets. The bulk of this seized investment portfolio, amounting to 82%, is tied up in non-liquid tokens.

Ledger, the manufacturer of hardware cryptocurrency wallets, has announced its plan to return stolen crypto assets valued at approximately $600,000. These assets were unlawfully appropriated through an exploit of the Ledger Connect Kit.

The Chinese government, known for its cryptocurrency ban, is showing signs of easing its policy on decentralization. It has announced plans to support the development of the Web3 ecosystem, dApps, and NFTs. This new approach is detailed in a recent strategic planning document released by China’s Ministry of Industry and Information Technology.

According to official registries, this year has seen the emergence of nearly 1,000 new cryptocurrency companies in the European Union. It is anticipated that by the end of the year, the total count of registered firms involved with decentralized technologies will reach approximately 11,600.

Key players in the cryptocurrency sector, such as Polychain, Alliance DAO, and Sandeep Nailwal, the co-founder of Polygon, have endorsed the social platform AsMatch. This initiative is geared towards fostering user interactions in a decentralized setting rather than spotlighting high-profile personalities.

CoinGecko has unveiled a ranking of the 50 largest airdrops by cryptocurrency companies, gauged by the peak historical prices of the tokens distributed. Uniswap leads the pack with its airdrops valuing a staggering $6.43 billion, closely followed by Apecoin with $3.54 billion in distributions.

In line with its updated policy, the issuer of the USDT stablecoin is intensively freezing cryptocurrency wallets.