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Crypto Market Faces $310M Loss in August 2024 Amidst Rising Hacks

MEXC Blog September 4, 2024 Blog MEXC
Crypto Market Faces $310M Loss in August 2024 Amidst Rising Hacks
The crypto market lost $310M in August 2024 due to hacks, scams, and exploits, with Bitcoin and Ethereum prices dropping over 12% and 20%.
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Chinese Investors Suffer Major Losses in Crypto Amid Altcoin Downturn

MEXC Blog September 4, 2024 Blog MEXC
Chinese Investors Suffer Major Losses in Crypto Amid Altcoin Downturn
59.8% of Chinese investors reported crypto losses in 2024, mainly due to declining altcoin prices, while only 23% made profits.
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Ripple Releases 1 Billion XRP Tokens, Continuing Escrow Strategy Amid Market Volatility

MEXC Blog September 4, 2024 Blog MEXC
Ripple Releases 1 Billion XRP Tokens, Continuing Escrow Strategy Amid Market Volatility
Ripple unlocks 1 billion XRP tokens from escrow, maintaining its gradual release strategy to control cryptocurrency supply and market stability.
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Crypto Providers in New Zealand Must Comply with New Tax Rules by 2026 

MEXC Blog September 4, 2024 Blog MEXC
Crypto Providers in New Zealand Must Comply with New Tax Rules by 2026 
New Zealand will implement the OECD’s crypto reporting rules by April 2026 to curb tax evasion and improve market transparency. 
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How Bitcoin Could Be Key to Data Security in the Age of AI

MEXC Blog September 4, 2024 Blog MEXC
How Bitcoin Could Be Key to Data Security in the Age of AI
Jeff Garzik, Bloq's CEO, discusses Bitcoin's potential role as a secure data anchor in the AI age, addressing growing concerns over data authenticity.
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Brazil Greenlights Second Solana ETF Amid U.S. Regulatory Hurdles

MEXC Blog September 3, 2024 Blog MEXC
Brazil Greenlights Second Solana ETF Amid U.S. Regulatory Hurdles
A second spot Solana ETF has been permitted to be launched by Brazil's Comissão de Valores Mobiliários (CVM).
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Crypto Markets Brace for Impact: How Fed Rate Cuts Could Redefine Digital Asset Values

MEXC Blog September 3, 2024 Blog MEXC
Crypto Markets Brace for Impact: How Fed Rate Cuts Could Redefine Digital Asset Values
With inflows hitting $202.6 million as of the 26th of August, recent events have demonstrated a considerable increase in Bitcoin Exchange-Traded Funds (ETFs).
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Analysts Weigh In On Bitcoin’s Long Road to a Bull Market

MEXC Blog September 3, 2024 Blog MEXC
Analysts Weigh In On Bitcoin’s Long Road to a Bull Market
Willy Woo published a graphic on August 22 that depicted the amount of Bitcoin that was available on exchanges.
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Ethereum Market Shift: Reduced Supply and Buyer Resurgence Could Spark Price Surge

MEXC Blog September 3, 2024 Blog MEXC
Ethereum Market Shift: Reduced Supply and Buyer Resurgence Could Spark Price Surge
This month, the price of Ethereum has declined by more than 24 percent over the course of the last thirty days, making it difficult for it to break through …
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Bitcoin ETFs Surge in Inflows While Ether ETFs Struggle Amid Outflows

MEXC Blog September 3, 2024 Blog MEXC
Bitcoin ETFs Surge in Inflows While Ether ETFs Struggle Amid Outflows
During the course of their continuing four-day negative flow streak, spot Bitcoin exchange-traded funds (ETFs) have seen a decrease in outflows, while spot Ether ETFs have seen a reduction …
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