Nansen, a blockchain analytics firm, has released a report that sheds light on the days leading up to the collapse of FTX, a cryptocurrency exchange founded by Sam Bankman-Fried. The report reveals that the collapse was likely sparked by initial reports that flagged the significant, 40 percent share of Alameda Research’s $14.6 billion in assets […]
Jamil Nazarali, CEO of EDX Markets, believes that Bitcoin (BTC) has the potential to become a global reserve asset. In an interview with Benzinga, Nazarali discussed the advantages of Bitcoin and Ethereum (ETH) over traditional assets such as gold, citing its ease of transfer as a key factor. He also noted that public belief in […]
The Open Network (TON), a decentralized blockchain platform originally designed by Telegram, has secured major funding from the venture arm of the cryptocurrency exchange MEXC. TON has raised an eight-figure investment from MEXC Ventures, a subsidiary of MEXC’s global cryptocurrency exchange MEXC, and the two have entered into a strategic partnership aiming to promote global […]
The Bank of Korea (BoK) has unveiled its roadmap for a wholesale central bank digital currency (CBDC). This initiative seeks to explore the Bank for International Settlements’ (BIS) Unified Ledger concept, which would allow both the CBDC and other tokenized assets to coexist on a singular network. The BoK is also looking to harness Korea’s […]
Bitcoin’s recent surge beyond $27,000 has caused a market reaction that could potentially reshape the Bitcoin landscape. As trading interest decreases, the total Bitcoin held on exchange addresses is showing a significant decrease, indicating a shift in investor behaviour. This could be a sign of growing long-term holding confidence, as investors are transferring their Bitcoin […]
Ripple, the company behind the XRP token, has been included in the Fintech 100 list for its work in modernizing cross-border payments. This recognition comes after the crypto firm achieved a legal victory against the US Securities and Exchange Commission (SEC). Ripple was also ranked 13th in Fortune Magazine’s “Best Workplace in Technology” for 2023 […]
Solana has emerged as a leading favorite among investors, with its 27th week of net positive inflows this year amounting to $5 million. In stark contrast, Ethereum has experienced seven consecutive weeks of outflows, totaling $1.5 million.The previous week saw a reversal in the investment tide, attributed to a surge in price momentum and apprehensions […]
Ripple, a blockchain startup, has achieved a major victory by securing a full license to offer digital token payment services in Singapore from the Monetary Authority of Singapore (MAS). This license allows Ripple to provide digital token payment services in the country and marks an important step towards the adoption of digital assets.The news of […]
The recent influx of 14,924 Bitcoins into Kraken, one of the leading cryptocurrency exchanges globally, has raised questions and sparked interest among investors, analysts, and enthusiasts. This marks a pivotal moment in the market since the influx is the largest recorded on Kraken since 2018. CryptoQuant’s data suggests that the influx could be due to […]
El Salvador has officially launched its first local Bitcoin mining pool, the Volcano Energy project, in partnership with Luxor Technology. The $1 billion renewable energy project, which has attracted investments from Tether, will generate electricity from renewable sources in El Salvador to power Bitcoin mining operations. Volcano Energy is tapping into Luxor’s experience in providing […]
