The Bank for International Settlements (BIS), in collaboration with central banks within the Eurosystem, has recently unveiled Project Atlas. This pioneering initiative aims to delve into the economic impact of crypto assets and decentralized finance (DeFi). We are witnessing a concerted effort by the BIS Innovation Hub Eurosystem Centre, De Nederlandsche Bank, and the Deutsche
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The recent rally in Bitcoin’s price has caught the attention of many analysts and investors. However, in order for this rally to make a real comeback, Bitcoin might have to conquer a critical level. On-chain data reveals that the price of Bitcoin has been retesting the short-term holders’ cost basis or the realized price. The
The Museum of Modern Art (MoMA) has unveiled a groundbreaking digital initiative that centers around Non-Fungible Tokens (NFTs) and aims to foster collaboration and artistic exploration within the blockchain space. Known as “MoMA Postcard,” this visionary project allows users to delve into the world of digital art creation on the blockchain, taking the concept of
In recent years, the integration of artificial intelligence (AI) technologies into blockchain-based solutions has gained significant traction. CoinMarketCap data suggests that the AI crypto market has now reached a remarkable valuation of nearly $4.6 billion. This article delves into the transformative potential of AI in the financial technology (Fintech) sector, with a specific focus on
JPEX, a cryptocurrency exchange based in Hong Kong, has recently faced criticism due to its decision to restrict user withdrawals. According to a report by The South China Morning Post, JPEX has converted user balances into a non-withdrawable cryptocurrency called JPC. This unexpected conversion has left users unable to access their crypto balances, causing frustration
In a significant move for the blockchain gaming industry, Metacade, a community-led gaming platform, and Polygon Labs, a leading provider of Ethereum-scaling solutions, have announced a strategic collaboration. This partnership aims to enhance user acquisition, promote the development of new games, and accelerate the adoption of Polygon protocols among gamers and developers. The alliance will
The Open Network (TON), an innovative decentralized blockchain platform initially designed by Telegram, has recently secured significant funding from MEXC Ventures, the venture arm of the cryptocurrency exchange MEXC. This investment marks a major milestone for TON and demonstrates the growing interest and support for the platform in the cryptocurrency community. MEXC Ventures, a subsidiary
Cryptocurrency assets have recently experienced changes in their inflows and outflows, as reported by the latest Digital Asset Fund Flows Weekly Report from CoinShares. In this report, Bitcoin emerged as the biggest gainer, while Ether faced outflows for the seventh consecutive week. Additionally, various factors, including positive price momentum and concerns about government debt prices,
India is taking significant steps towards establishing itself as a dominant player in global cryptocurrency regulation. The country is reportedly working on a comprehensive global database that will encompass all crypto exchanges, including those operating on the dark web. With the aim of detecting and combating cryptocurrency-related crimes, this initiative is set to launch by
Coinbase’s Chief Legal Officer (CLO) Paul Grewal has shared insights into the upcoming jury selection in the trial of the former CEO of the now-defunct crypto exchange FTX, Sam Bankman-Fried (SBF). Grewal highlights the significance of fair jury selection and expresses his expectations for the proceedings. In this article, we delve into the importance of
Many cryptocurrency analysts are closely monitoring Ripple’s native token, XRP, as they believe it has the potential to break out in the near future. One such analyst, known as Dark Defender on Twitter, has identified key price targets that XRP could surpass. This article will delve into these predictions and assess their feasibility. Dark Defender
Milady Maker, an NFT project that gained initial prominence for its unique and stylized artwork, is currently embroiled in multiple controversies that raise serious questions about its future. Launched in 2021 by Charlotte Fang, who recently revealed his true identity as Krishna Okhandiar, Milady Maker garnered attention with its collection of 10,000 “neochibi” style profile
ApeCoin (APE) has experienced a significant tumble of -8% after facing rejection from upper-trendline resistance. This drop adds to the ongoing 9-month cascade, leaving many investors concerned about the future of ApeCoin. The decline in price is not an isolated event but is part of the wider disarray in the Bored Ape Yacht Club (BYAC)
In the world of blockchain, where transparency and security are key, the dark underbelly of cryptocurrency laundering continues to thrive. Recent investigations by blockchain analytics investigators have shed light on an individual who is allegedly involved in a cryptocurrency laundering operation. This article delves into the details of the operation, the methods used, and the
Coinbase, one of the largest cryptocurrency exchanges in the world, has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license allows Coinbase to extend its payment services in Singapore and expand its digital token offerings to individuals and institutions in the country. Coinbase’s MPI license is a significant
Optimism (OP) has experienced a significant boost in its price today, reaching $1.45 with a notable 5% increase in the past 24 hours. Over the course of the last seven days, OP has seen its price surge by an impressive 15%. This rally in OP’s price coincides with the overall improvement in the cryptocurrency market,
As October approaches, the cryptocurrency market is gearing up for several significant token releases. Among the notable projects set to launch their tokens this month are Axie Infinity, Optimism, and Aptos. These projects are collectively expected to release over $130 million into the market. Leading the pack is Axie Infinity, a blockchain-based NFT game. On
The blockchain horse racing game, NEOBRED, has recently been accepted into the prestigious Chainlink BUILD program. This program serves as an incubator for emerging blockchain projects, providing valuable mentorship and grants. NEOBRED allows players to own, breed, and race virtual horses while earning rewards through races and quests. With a Q4 2023 launch planned, NEOBRED
Decentralized social media platform Friend.tech, built on Coinbase’s layer-2 protocol Base, has recently experienced significant growth in terms of revenue and total value locked (TVL). Despite initial skepticism from critics and doubts about its sustainability, Friend.tech has defied expectations and emerged as a rising star in the Web3 space. Friend.tech, launched in August 2023, offers
The FWEN token has experienced an astonishing surge of over 1,000% in its on-chain transactions. This surge in popularity can be attributed to the airdrop of the token, which is being distributed in 10% increments. The excitement surrounding the ongoing airdrop has reached new heights as Friend-Tech users anticipate the next round of distribution. Additionally,
Kenya’s ad hoc committee investigating the Worldcoin matter has revealed shocking allegations that the company’s actions have constituted acts of espionage and pose a threat to the statehood of the country. This revelation has sent shockwaves through the nation and raised significant concerns about the protection of privacy and the adherence to Kenyan laws. The
Since its inception in 2009, the cryptocurrency industry has experienced exponential growth. The number of active cryptocurrencies on the market has surpassed 22,932 in 2023, highlighting the remarkable expansion of the sector. While many users focus on the top cryptocurrencies, trading and investing enthusiasts often deal with more obscure digital assets. This necessitates extensive research,
Over the past 10 months, an address associated with the FTX exploiter remained dormant. However, a recent on-chain report revealed that the address has become active once again, and the exploiter has transferred more than $17 million worth of Ether tokens in the past 24 hours. This comes as a significant exploit in the crypto
A recent report by Spot On Chain has revealed unsettling information regarding an address linked to the FTX exploit. The address, identified as 0x3e9, has conducted transfers of over 10,000 Ether (ETH), amounting to approximately $17 million. These transfers were made to five different addresses, marking a significant increase in activity for these previously inactive
Ripple’s XRP has undoubtedly been one of the most popular cryptocurrencies in recent years. However, its journey has been marred by an ongoing lawsuit between the United States Securities and Exchange Commission (SEC) and Ripple. This legal battle has now reached a crucial stage, and its impact on XRP’s price has been undeniable. Despite the
In a shocking turn of events, Hong Kong was recently rocked by a massive crypto scandal involving JPEX, a Dubai-based cryptocurrency exchange. This scandal has not only exposed the regulatory loopholes and lack of investor protection in Hong Kong’s nascent crypto industry but also shed light on the risks associated with relying on social media
Global asset manager VanEck has pledged to donate 10% of all profits from its upcoming Ether futures exchange-traded fund (ETF) to Ethereum core developers for a period of ten years. In a recent announcement on X (formerly Twitter) on Sept. 29, VanEck stated that it believes it is only fair for asset managers to return