The bond market has been in a sell-off as traders await the upcoming US non-farm payrolls (NFP) data. The 30-year treasury yield has jumped to 4.90% and the 10-year to 4.80%, leading to a retreat in American equities. Cryptocurrencies have held up well during this time, with the total market cap of all coins remaining […]
Ripple, a blockchain enterprise, has recently been making headlines. It won the UK’s PAY360 Awards for leadership in digital currencies, and a federal judge favored Ripple in a recent decision against the SEC. Additionally, Ripple was ranked 13th in Fortune’s “best workplace in technology” and was listed in People’s Magazine’s top caring companies. Sendi Young, […]
Paul Zalai, Director of the Australian Freight & Trade Alliance (FTA), recently hinted at a potential collaboration with Ripple, the San Francisco-based fintech firm known for its blockchain-based payment solutions. In an interview with La Chang of YouTube channel TGL (Think Global Logistics), Zalai revealed that he doesn’t understand much about blockchain, but his son […]
IOTA is on the brink of revolutionizing the trillion-dollar payment landscape. Onramp Money has formed an alliance with IOTA to enable seamless IOTA token purchases in seven significant markets, including India, Turkey, Nigeria, Indonesia, Vietnam, UAE, and Mexico. This joint venture aims to instigate unparalleled adoption of IOTA tokens, which are secured by a potent […]
Ledger, a Paris-based cryptocurrency hardware wallet manufacturer, has announced a 12% reduction in its workforce due to macroeconomic headwinds and a prolonged bear market. The company had previously raised $109 million in a funding round to reach a valuation of around $1.4 billion. Ledger Chairman and CEO Paul Gauthier made the announcement in a letter […]
The Canadian Securities Administrators (CSA) has provided guidance to exchanges and cryptocurrency issuers on its interim approach to value-referenced crypto assets, with a particular focus on stablecoins. The CSA published a clarification saying it may allow trading of certain cryptocurrencies that reference the value of a single fiat currency, subject to terms and conditions. In […]
Stars Arena, a decentralized social media platform based on Avalanche, recently patched an exploit that saw attackers escape with $2,000. In response, the Stars Arena team dismissed what it called “coordinated FUD” and declared that they were “at war” with malicious actors.The exploit was caused by a vulnerability in the platform’s price function, which allowed […]
The amount of Ether (ETH) on cryptocurrency exchanges has dropped to its lowest since May 2018, with 10.66 million coins currently situated on centralized platforms. On the contrary, 115.88M ETH is now outside of exchanges, an all-time high. On October 4, 110,000 ETH (worth over $180 million) moved off of exchanges, suggesting reduced selling pressure […]
Kraken, one of the world’s oldest crypto exchanges, is expanding its presence in Europe by acquiring Coin Meester B.V. (BCM), a Dutch crypto broker. The purchase will give Kraken a “sizable position in the Dutch market” and benefit the broker’s clients. BCM supports over 170 digital assets and is one of the oldest brokers in […]
Elon Musk has called for a “comprehensive overhaul” of the United States Securities and Exchange Commission (SEC) after the regulator sued him for failing to testify in its probe relating to his $44 billion Twitter purchase last October. Musk suggested that the SEC and the U.S. Department of Justice should be the ones probed instead. […]
