Introducing the Alpha Release of Bitcoin Oracle: A Milestone in DeFi Innovation
In an unprecedented move in the decentralized finance (DeFi) landscape, a coalition of blockchain innovators including ALEX, Domo, and esteemed partners like BIS, Hiro, UniSat, Xverse, and Xlink, have proudly announced the alpha release of the Bitcoin Oracle. This launch marks a pivotal moment in the Bitcoin DeFi ecosystem. The Bitcoin Oracle aims to establish […]
Binance P2P Announces End of Support for Russian Ruble
Binance P2P, a leading global cryptocurrency exchange platform, has made a significant announcement that will impact its users, especially those dealing with Russian Ruble (RUB) transactions. Following the strategic decision to exit the Russian market with a sale to CommEX, Binance P2P has confirmed that it will discontinue supporting Russian Ruble trading pairs. The change […]
SEC issues fresh warnings about the risks of crypto investments
The U.S. Securities and Exchange Commission recently restated its cautious stance on crypto investments, highlighting the inherent risks associated with the volatile nature of the market. In a notable move, the regulatory body warned investors about the prevalent fraud within the crypto space, including fraudulent coin offerings, Ponzi schemes, pyramid schemes, and instances of outright […]
Nigeria’s crypto adoption rate makes a significant leap
The surge in cryptocurrency engagement in Nigeria reflects a profound transformation in the financial landscape, with approximately 47% of the population actively participating in crypto trading. A comprehensive analysis by Coin Journal indicates a noteworthy 15% growth in crypto ownership between 2020 and 2023, despite regulatory challenges imposed by the Central Bank of Nigeria (CBN). […]
How to Make Money From A PFP NFT Project
Even though the NFT market has seen a recent surge in popularity, several projects have been active for over seven years. Regarding NFT archaeology, people are going backward in time to find some of the NFT undertakings that built the framework for contemporary culture. Although NFTs predate many of the games we have now, such […]
Mike Novogratz dismisses JPMorgan CEO’s claims about crypto
Galaxy Digital CEO Mike Novogratz recently voiced strong opposition to JPMorgan CEO Jamie Dimon’s critical stance on Bitcoin and cryptocurrency. Dimon, in a congressional hearing, asserted that he would shut down crypto and Bitcoin if he held a government position, citing concerns about their association with criminal activities such as drug trafficking, money laundering, and […]
Lifinity Faces $700,000 Drainage in LFNTY-USDC Pool
In a recent setback for decentralized exchange (DEX) Lifinity, an arbitrage bot drained approximately $700,000 from Lifinity’s LFNTY-USDC pool on December 8. The incident unfolded due to a bug associated with an Immediate-or-Cancel (IOC) order, resulting in an unexpected response that led to a loss of $699,090, as disclosed in the company’s Discord channel. The […]
Digital Asset Brokerage Nonco Secures $10M Seed Funding for U.S. Expansion
Digital asset brokerage firm Nonco has successfully raised $10 million in seed capital. The funding round, comprising a mix of equity and convertible notes, was spearheaded by Valor Capital Group, led by former U.S. Comptroller of Currency and Binance.US CEO Brian Brooks, and Hack VC, an investment firm helmed by Alex Pack, the former co-founder […]
Avalanche Web Wallet to Undergo Transformation with Launch of Core on January 23
Kieran McShane, a prominent figure associated with Ava Labs’ products, has revealed significant developments regarding the widely-used Avalanche Web Wallet. The platform is set to undergo a transformative shift with the retirement of the existing Web Wallet on January 23, marking a strategic move towards enhancing user experience and functionality. The transition introduces a cutting-edge […]
MKR Price Prediction 2023-2032: Will MKR reach $2000?
MKR Price Prediction 2023-2032 Maker (MKR) is one of the most extensive decentralized applications (dApps) on the Ethereum blockchain. Maker technology was designed by a disparate group of developers and is governed by the MakerDAO. Maker (MKR) token is the governance token of the platform. From the start, Maker offers intense competition in the DeFi […]
Palau’s Successful Pilot: Ripple-Supported Stablecoin Gains Traction
The Ministry of Finance in Palau has declared the first phase of its Palau Stablecoin (PSC) Program a resounding success. The program pegged to the U.S. dollar, garnered positive responses from 168 volunteers who engaged in retail purchases using the Palau Stablecoin over three months. In collaboration with Ripple, the initiative utilized the XRP Ledger […]
Taiwan Central Bank Completes Feasibility Study on Wholesale CBDC
Taiwan’s central bank has concluded a feasibility study on wholesale central bank digital currency (CBDC) and is actively considering its implementation. Deputy Governor Mei-lie Chu announced on December 7 that the central bank has finalized its study and is now seeking input from businesses and academics to inform the next steps. The focus is not […]
US Senators Propose Legislation to Counter Crypto Terrorism Funding
In a united effort to tackle the growing threat of cryptocurrency funding activities related to terrorism, a bipartisan group of US senators has introduced a comprehensive bill aimed at empowering the US Treasury. The proposed legislation, named the Terrorism Financing Prevention Act, was announced on December 7 by Senators Mitt Romney, Mark Warner, Mike Rounds, […]
WEEKLY CRYPTO PRICE ANALYSIS: BTC, ETH, BNB, XRP, SOL, ADA, AND DOGE
Weekly crypto price analysis for major tokens such as BTC, ETH, BNB, XRP, DOGE, ADA, and SOL shows a promising outlook for the market. Despite the recent volatility in the crypto market, most of these tokens have continued to trade in green candlesticks, indicating a positive sentiment among investors. Cryptocurrencies Price Heatmap, Source: Coin360 The king […]
Cryptocurrency market sees remarkable rebound
The cryptocurrency market has displayed signs of renewed vitality, according to a recent report by Binance Research, the research arm of cryptocurrency exchange Binance. While the report stops short of declaring a definitive return to a bull market, it highlights several positive indicators that suggest a more optimistic outlook for the cryptocurrency space. Market cap […]
Cryptocurrency scam raises concerns amidst market growth
The cryptocurrency sector, known for its meteoric rise and increasing mainstream popularity, has recently been marred by a series of scams and attacks. A notable incident involving the withdrawal of over 11,200 Ethereum (ETH) from Tornado Cash, followed by an unconventional spending spree on Magic: The Gathering (MTG) trading cards, has raised questions about the […]
Avalanche market cap surges to propel top 10 entry
Avalanche (AVAX) has emerged as a prominent player in the crypto space, making significant strides that have caught the attention of investors and enthusiasts alike. Over the past two weeks, AVAX has flipped several established cryptocurrencies, including Bitcoin Cash (BCH), polygon (MATIC), polkadot (DOT), Tron (TRX), and Chainlink (LINK). Avalanche registers a $9.8 billion market […]
Jito airdrop rewards Solana users with $225 million
Jito, a decentralized finance (DeFi) platform operating on the Solana blockchain, made waves on Thursday as it launched its highly anticipated airdrop, distributing an impressive $225 million worth of free tokens to Solana users worldwide. When the airdrop kicked off at 11:00 am EST, the native token of Jito, known as JTO, entered the market […]
Kazakhstan blocks 980 crypto exchanges for non-compliance
In a significant regulatory move, Kazakhstan’s Financial Monitoring Agency (AFM) has blocked nearly a thousand cryptocurrency exchanges operating without proper registration. This action underscores the country’s commitment to regulating the digital currency market. Government crackdown on unregistered exchanges The AFM’s recent measures, detailed in a December 7 press release, highlight its stringent approach to cryptocurrency […]
Glacier Network Chosen for Prestigious UC Berkeley’s 2024 Blockchain Xcelerator
Glacier Network has emerged as one of the ten projects selected for the University of California, Berkeley’s esteemed 2024 Blockchain Xcelerator. The initiative is set to propel Glacier Network to provide an invaluable opportunity for growth and collaboration within the vibrant blockchain ecosystem. Renowned for its commitment to fostering innovation, UC Berkeley’s Blockchain Xcelerator stands […]
Hex Price Prediction 2023-2032: The Highest of Stakes
HEX Price Prediction 2023-2032 HEX Price Prediction 2023 – up to $0.013 HEX Price Prediction 2026 – up to $0.039 HEX Price Prediction 2029 – up to $0.12 HEX Price Prediction 2032 – up to $0.30 Here is a primer: “The Highest of Stakes” documentary presents an intriguing and complex story about Richard Heart, the […]
Deloitte Partners with Kilt Blockchain for Digital Shipping Logistics Solution
Deloitte, a prominent division of the “Big Four” accounting firms, has collaborated with the Polkadot-based Kilt blockchain to revolutionize logistics and supply-chain services within the shipping industry. The initiative aims to introduce a novel logistics service known as KYX, short for Know Your Client and Know Your Cargo. Hapag-Lloyd, a leading shipping giant, is set […]
Helium Price Prediction 2023-2032: Is HNT a Good Investment?
Helium Price Prediction 2023-2032 Helium Price Prediction 2023 – up to $3.25 Helium Price Prediction 2026 – up to $10.57 Helium Price Prediction 2029 – up to $29.86 Helium Price Prediction 2032 – up to $87.06 Let’s review the Helium crypto market, long- and short-term investments, and the future price destination. Will Helium reach $10? […]
US Force Major discusses the importance of Bitcoin in national defense
The United States Space Force Major Jason Lowery has recently advocated for a formal investigation into the strategic applications of proof-of-work (PoW) systems, specifically focusing on Bitcoin, as a means of enhancing national defense. Beyond its conventional role as a monetary system, Lowery highlights Bitcoin’s potential to secure various forms of data, messages, and command […]
Metaverse ETP Price Prediction 2023-2031: Is ETP a Good Investment?
Metaverse ETP Price Prediction 2023-2031 Metaverse ETP Price Prediction 2023 – up to $0.0148 Metaverse ETP Price Prediction 2025 – up to $0.0351 Metaverse ETP Price Prediction 2028 – up to $0.1107 Metaverse ETP Price Prediction 2031 – up to $0.3605 Metaverse ETP is the native digital cryptocurrency of the Metaverse ecosystem, a public blockchain. […]
Grayscale reiterates belief in spot Bitcoin ETF approval
Grayscale, a leading digital asset manager, remains steadfast in its anticipation of the approval of a Bitcoin Exchange-Traded Fund (ETF) in the United States. The company is actively pursuing approval from the U.S. Securities and Exchange Commission (SEC) to convert its Bitcoin Trust (GBTC), currently an open-ended trust on the OTCQX Market, into a spot […]
Moons token surges by two digits as Reddit renounces contract
Reddit’s Moons token, intimately linked with the r/cryptocurrency community, has witnessed a remarkable surge, experiencing double-digit growth after Reddit’s official renouncement of its contract. This pivotal move involved the burning of Reddit’s remaining 98,000 tokens and the imposition of a hard cap on the token supply, set at approximately 83 million Moons. Reddit’s Moons token […]
FTX wins approval to sell its Grayscale and Bitwise trust assets
FTX estate has received approval from a Delaware bankruptcy court to sell trust assets, including approximately $873 million worth of shares in Grayscale and Bitwise investment funds. The court document filed on Friday allows the debtors to execute sales of the trust assets at their discretion, following specified sale procedures. Galaxy, a crypto investment firm, […]
Brazil set to implement a new crypto taxation policy
Brazil is on the verge of implementing new income tax rules that could significantly impact cryptocurrency holders. The Federal Senate of Brazil approved legislation on Nov. 29, which has already passed in the Chamber of Deputies. This impending change is part of a broader effort to regulate and tax income derived from cryptocurrencies, reflecting a […]
Spot Bitcoin ETFs in Brazil hit record $100 million in AUM
In Brazil, the demand for Bitcoin exchange-traded funds (spot Bitcoin ETFs) has experienced substantial growth over the past two years, with total assets under management (AUM) reaching $96.8 million as of November 21. The leading ETF, Hashdex’s Nasdaq Bitcoin Reference Price FDI (BITH11), commands a significant market share, boasting $57.8 million in AUM. Brazil’s spot […]
Magic Eden launches its cross-chain wallet for NFTs and crypto
Magic Eden is positioning itself at the forefront of a crypto future that embraces multiple blockchains, unveiling its crypto wallet browser extension in a closed beta phase. The company, known for its NFT marketplace, aims to tackle the prevalent issue of user fragmentation within the wallet space. Currently, users face the challenge of having to […]
Dogecoin active wallet addresses hit 5 million
The popularity of Dogecoin (DOGE), a cryptocurrency born out of an internet meme, is experiencing a resurgence, marking significant growth two years after the onset of the COVID-19 pandemic. Recent data from on-chain analytics firm IntoTheBlock reveals that the number of cryptocurrency addresses holding DOGE has surpassed the 5 million mark for the first time. […]
Former NYSE President discusses the benefits of spot Bitcoin ETFs
Tom Farley, former President of the New York Stock Exchange (NYSE) and current CEO of the cryptocurrency exchange Bullish, anticipates a significant influx of capital into the crypto industry upon the approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Farley, who led the NYSE from 2014 to 2018, […]
Stablecoins market experiences a significant resurgence
The stablecoin market has experienced a notable resurgence in recent weeks, witnessing a substantial increase in the combined market value of leading stablecoins from $123.66 billion to the current $129.14 billion. This noteworthy growth of almost $6 billion comes on the heels of the stablecoin industry shedding tens of billions over the past year, with […]
Loopring Price Prediction 2023-2032: Is LRC a Good Investment?
Loopring Price Prediction 2023-2032 The prospect for Loopring is an excellent long-term investment because of the enormous potential for building up the foundation for DEX applications. So much has happened between the DEX applications hype and now. However, there could still be a good reason to include LRC in your investment portfolio after reviewing the […]
Australia’s tax agency leaves crypto users in confusion over new rules
Australia’s tax landscape is facing increased scrutiny and confusion as the Australian Taxation Office (ATO) introduces new guidance on capital gains tax (CGT) for decentralized finance (DeFi) transactions. This move has left DeFi users in a state of uncertainty, particularly concerning everyday actions like staking Ethereum on platforms such as Lido or transferring funds through […]
Coinbase rallies for firm crypto regulations amid SEC scrutiny
Coinbase, a leading U.S. cryptocurrency exchange, is intensifying its campaign for definitive regulatory guidelines in the cryptocurrency sector. This move directly responds to the recent enforcement actions by the Securities and Exchange Commission (SEC) against Kraken, another major exchange. On November 22, Coinbase’s legal team responded to an SEC letter dated November 21, stressing the […]
Cryptocurrency Whale withdraws 96M USDT
Cryptocurrency markets are abuzz as a prominent whale makes yet another substantial withdrawal from the Tether Treasury. In this latest move, the whale has taken out 96 million USDT and subsequently deposited it into prominent exchanges, namely OKX, Kraken, and Coinbase. This development marks the latest in a series of significant moves by this particular […]
Santander Private Bank debuts BTC and ETH trading in Switzerland
Santander Private Banking International, a subsidiary of Banco Santander, is making a significant move by extending its financial services to high-net-worth clients with Swiss accounts, allowing them to trade and invest in major cryptocurrencies such as bitcoin (BTC) and ether (ETH). This decision marks a departure from the cautious stance adopted by many major banks, […]
Abu Dhabi ADGM to amend its virtual asset regulations and introduce DeFi regulations
The Abu Dhabi financial free zone hub, ADGM (Abu Dhabi Global Market) and its regulatory body the FSRA (Financial Services regulatory Authority) have published their business plan for 2024 which outlines introducing DeFi regulations as well as amendments to its virtual assets regulatory framework. ADGM which announced its virtual assets framework back in 2018 has […]