Ripple Labs, a blockchain company based in San Francisco, recently transferred nearly 30 million XRP, amounting to $15,040,591 in value, to Bitstamp, a major cryptocurrency exchange. This appears to be a sale, as Whale Alert, a prominent blockchain tracker, identified multiple XRP transactions of similar magnitude during August. Despite a prior 4.73 percent increase since […]
Ron DeSantis, one of the US Presidential candidates, recently unveiled a “Declaration of Economic Independence”, outlining some of the biggest financial challenges that America currently faces. He pledged to let the cryptocurrency industry thrive and not allow the launch of a central bank digital currency (CBC). DeSantis has been one of the most vocal crypto […]
The Securities and Exchange Commission (SEC) may be forced to approve spot bitcoin (BTC) exchange-traded-fund (ETF) applications from several asset managers after a federal court said the regulator must review its rejection of Grayscale’s attempt to convert the Grayscale Bitcoin Trust (GBTC) into an ETF, according to a report from JPMorgan (JPM) on Friday. The […]
Bitcoin price is closing in at $26k once again after dropping to $25,400 last Friday. The coin saw quite a bit of volatility in the final days of August, first skyrocketing to $28k on August 29 after Grayscale’s court victory over the SEC, only to crash again on August 31. Analysts believe that Bitcoin is […]
Wall Street Memes (WSM) is a meme currency that has recently raised over $25 million in its presale funding round. The project is now preparing for its highly anticipated tier-1 launch on September 27th, which is expected to cause a surge in its price. WSM has gained fame as one of the largest meme currency […]
MakerDAO, a Decentralized Finance (DeFi) project, has proposed to build its upcoming “NewChain” off a fork on Solana technology and not the Ethereum Virtual Machine (EVM). This has sparked some negative energy from some Ethereum community members, who have twisted the plot to resemble a competition between these stellar blockchains. Rune Christensen, MakerDAO’s co-founder and […]
OKX cryptocurrency exchange is in the final stages of acquiring a virtual asset service provider license (VASP) in Hong Kong. Li Zhikai, the global chief commercial officer of OKX, said that they are actively engaged in a dialogue with the banks and are currently waiting for the group to be issued a license and start […]
The South Korean government is reportedly planning to submit a bill that will track and freeze North Korean crypto and virtual assets used to fund its capital Pyongyang’s illicit weapons program. The bill is said to reflect the country’s president’s beliefs that its cybersecurity framework needs to be repaired. It will also contain ways to […]
The combined market capitalization of the six largest stablecoins (USDT, USDC, BUSD, DAI, TUSD, and USDP) has recently surpassed $121 billion, adding over $660 million in the last two weeks. This is a slight improvement compared to the overall decline registered in the past 18 months, which was prompted by the Terra collapse in May […]
Cardano (ADA) is approaching a crucial decision zone that could either lead to a market reversal or a continued price correction. On-chain activity has significantly grown YTD, with total transaction volume rising by 1,726 percent since late January. Additionally, the rate of Cardano’s discussion rate on social media platforms has been relatively higher compared to […]
