The Swiss banking sector is making headlines with the announcement of cryptocurrency services. The Lucerne Cantonal Bank (LUKB) made the first move by announcing a crypto offering for early 2024. This week, the Zuger Kantonalbank (ZugerKB) has taken the spotlight by offering immediate trading and custody services for six selected cryptocurrencies. This was made possible […]
The anonymous host of InvestAnswers has predicted that the approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) could trigger massive inflows from Wall Street giants. According to the analyst, if seven Wall Street firms allocated just half a percentage point of their $25.22 trillion in assets under management (AUM) to spot Bitcoin ETFs in […]
Crypto analyst EGRAG CRYPTO recently suggested that XRP could experience a 58x surge, similar to Ethereum’s historical performance. XRP is currently valued at $0.5215 and if it were to follow Ethereum’s trajectory, it could reach an impressive $30.2. XRP has experienced dramatic growth in the past, with a 1,104x surge from $0.003 to an all-time […]
Yuga Labs has announced a restructuring that has seen several roles “eliminated across the company”. CEO Daniel Alegre suggested the firm had taken on too many projects that were ultimately distracting it from its “core priorities”. Moving forward, Alegre outlined that the firm will ramp up its focus on community building, “going all-in” on its […]
The highly anticipated trial of disgraced FTX founder Sam Bankman-Fried (SBF) has not gone well for the former billionaire. The U.S. Department of Justice (DOJ) is leading the prosecution, portraying Bankman-Fried as a central player in a fraudulent scheme. Key testimonies, especially those from FTX’s current leadership, have proven particularly damaging.Gary Wang, FTX co-founder, confessed […]
The Sam Bankman-Fried trial began on October 4th, with the United States Department of Justice (DOJ) and the former FTX CEO’s defense presenting their arguments to the 12-person jury. The DOJ accused Bankman-Fried of deliberately lying to investors to enrich himself and expand his crypto empire, while the defense argued that he was a young […]
Gary Wang, co-founder of FTX, revealed more details of Alameda Research’s corrupt relationship with his exchange during Sam Bankman-Fried’s fraud trial on Friday. Wang claimed that the function required for Alameda to steal client funds had been baked into FTX’s computer systems back in 2019. Alameda was granted three special privileges at FTX compared to […]
Tron, a platform for deploying smart contracts and running decentralized applications (dapps), is rapidly growing its daily active addresses (DAA). According to Token Terminal, Tron has over 1.9 million DAA, more than twice those in the BNB Chain, which stood at 915,000. Ethereum and Polygon had 320,000 and 301,000 respectively, trailing Bitcoin, which had 570,000 […]
Kraken, a prominent virtual currency exchange network, has declared its intention to acquire Coin Meester B.V. (BCM), a respected crypto broker based in the Netherlands. This strategic acquisition aims to cement Kraken’s foothold in the European region while enhancing compliance with the changing regulatory climate.BCM was established in 2017 and has already listed 170 different […]
Friend.tech, a decentralized social media platform built on the Base, the Ethereum layer-2 scaling solution backed by Coinbase, has generated more fees and revenue than Bitcoin. This transactional platform allows users to move value, and on October 6, it generated $28.6 million in fees, above Bitcoin’s $26.8 million. Base periodically bundles transactions and confirms them […]
