Ripple has recently revealed that Yonsei University in South Korea has become a participant in its University Blockchain Research Initiative (UBRI) program. This collaboration marks the addition of Yonsei University to Ripple’s global UBRI partnerships, totaling 58 institutions worldwide, with 12 of them based in the Asia Pacific region. The focus of this partnership is
Crypto
The U.S. Securities and Exchange Commission recently announced a new set of charges against Galois Capital, a crypto-focused advisory firm with client assets at FTX. As a result of these charges, Galois has agreed to pay a civil penalty of $225,000, which will go towards compensating harmed investors. The SEC discovered that Galois failed to
The Ethereum market is currently experiencing a significant shift, with rising exchange reserves indicating a potential new distribution phase. CryptoQuant’s Ethereum Exchange Reserve metric, which monitors the amount of ETH held in exchange wallets, has shown a concerning trend. An increase in this metric often suggests that traders are moving their ETH onto exchanges in
The crypto market has been experiencing a lackluster performance, accompanied by a significant decline in whale activity across major crypto assets. Recent analysis by Santiment has highlighted a noticeable drop in $100k+ transactions for both Bitcoin and Ethereum, indicating a slowdown in large holder activity. During the active period of March 13-19, Bitcoin saw 115.1k
The Open Network (TON) and its native token have been experiencing significant swings and challenges in recent days. Just last week, the network faced outages due to high demand for DOGS, causing disruptions for users. However, the most recent development saw the price of TON plummet by over 90% in just minutes on CoinMarketCap. The
Recently, the crypto analyst known as ‘Titan of Crypto’ shared with his 90,000 followers a unique technical pattern that is currently unfolding in the market. This pattern involves a golden cross forming between the 100-day moving average and the longer 200-day moving average. While a typical golden cross involves a shorter time frame moving average
In the Crypto Wealth Report 2024 by Henley & Partners, it was revealed that the number of individuals holding over $1 million in digital assets has significantly increased by 95% to 172,300. This surge comes at a time when the total value of the crypto market has also risen to $2.3 trillion, marking an 89%
The crypto space is no stranger to security breaches, with recent data revealing that the industry witnessed a staggering $313 million in losses attributed to over ten different hacks in the past month alone. Shockingly, a whopping 93.5% of the stolen funds were the result of just two large phishing attacks that rocked the digital
In recent data collected by Bitbo, it is evident that Bitcoin miners experienced a significant decline in revenue generation during the month of August. The numbers paint a bleak picture, with only $827 million secured in mining activities, a stark contrast to the previous month’s $927.35 million. This decline marks a 57% drop from the
The digital asset investment market experienced a significant decrease in sentiment last week, leading to outflows totaling $305 million. This negative sentiment was felt across various regions and providers in the industry. CoinShares pointed to the stronger-than-expected economic data coming out of the United States as the primary reason behind this change. The data has
Bitcoin’s price has been on a rollercoaster ride in the past week, reaching highs of over $65,100 before plummeting to a 2-week low of $57,100. The digital asset failed to maintain its peak and started to lose value gradually, experiencing multiple price drops along the way. Despite a brief recovery to $61,000 on Thursday, it
A London resident, Habibur Rahman, has made history by becoming the first person in the UK to face charges for operating a Bitcoin ATM without proper registration. Rahman was arrested on April 28, 2023, following a raid at a gadget shop in Chatham, where multiple crypto ATMs were located, including one for public use. The
The payments industry has experienced substantial growth over the last five decades and has become one of the largest sectors in the world. However, one significant issue that the industry faces is the reliance on outdated technology that hinders efficiency. According to a report by Binance Research, the traditional payment system operates on 50-year-old technology
Peter Diamandis, the founder of X Prize and Singularity University, recently posed a question to his 262K+ followers regarding the future of Bitcoin. The responses shed light on the unwavering reliability of Bitcoin. One commentator emphasized that Bitcoin has never failed in its core purpose of executing transactions every ten minutes for the past 15
In a recent development in the cryptocurrency industry, Crypto.com, a Singapore-based exchange, has formed a partnership with Standard Chartered, a prominent multinational banking institution. The collaboration aims to provide fiat services to retail users globally, emphasizing the importance of banking and payment solutions for seamless transactions in multiple currencies. Standard Chartered will facilitate the deposits
The latest findings by TRM Labs have revealed a disturbing trend in the world of cryptocurrency: illicit activity at crypto ATMs is on the rise. The report indicates that these cash-to-crypto services have processed over $160 million in illicit volumes since 2019. What is even more alarming is that in 2023, the proportion of illicit
The recent surge in demand for Bitcoin (BTC) in the United States, triggered by Federal Reserve chair Jerome Powell’s remarks at the Jackson Hole symposium, has sparked significant interest among investors. However, this surge in demand seems to be contained within the U.S. market, as the overall growth in Bitcoin demand remains relatively low and
As the highly-anticipated Bitcoin bull run of 2024 unfolds, it is evident that the journey towards the coveted $100,000 mark has not been smooth sailing. Despite an initial surge that saw the asset break its 2021 all-time high, Bitcoin has struggled to maintain its momentum. The recent failure to surpass the March ATH of nearly
The U.S. Securities and Exchange Commission (SEC) recently filed charges against two brothers, Jonathan Adam and Tanner Adam, for orchestrating a $60 million Ponzi scheme. The complaint alleges that the brothers defrauded over 80 individuals by falsely claiming to operate a crypto bot that guaranteed a monthly return of 13.5%. The SEC’s Associate Director of
The world of cryptocurrency prides itself on decentralization, but recent data has shown a concerning trend towards centralization among some of the top altcoins. Projects like Polygon (MATIC) and Shiba Inu (SHIB) have emerged as prime examples, with a high concentration of holdings among the top wallets, raising alarms about the potential risks involved. Santiment’s
Ethereum co-founder Vitalik Buterin has once again made headlines in the cryptocurrency community by transferring a significant amount of ETH. These transactions have sparked debates and raised questions about the role of ETH as a store of value, as well as the transparency of the Ethereum Foundation’s operations. Vitalik Buterin recently moved 800 ETH, valued
Floki Inu (FLOKI) recently experienced a significant drop in price, with a decrease of nearly 20% on a daily scale. The meme coin is currently trading around $0.0001272, and its market capitalization has fallen to $1.23 billion. This decline in value has caused Floki Inu to slip from its position among the top 5 meme
The past week has been a rollercoaster ride for Bitcoin, starting with a surge to over $64,000 on Saturday after positive developments in the US. However, things took a turn for the worse as the week progressed. By Wednesday, Bitcoin had lost over $7,000 in value, dropping below $58,000 for the first time in weeks.
Elon Musk, the CEO of Tesla Inc., recently won the dismissal of a high-profile $258 billion lawsuit accusing him and his company of manipulating the price of Dogecoin (DOGE), the popular meme-based cryptocurrency. U.S. District Judge Alvin Hellerstein ruled in favor of Musk and Tesla, dismissing the claims made by a group of disgruntled investors.
The cryptocurrency market is known for its volatility, with prices fluctuating rapidly based on a variety of factors. In recent days, the seven-day chart showed some interesting movements among major crypto assets, with most top coins experiencing a downturn. However, one notable exception was Popcat, a meme coin that saw a significant surge in price,
The recent actions of the US Securities and Exchange Commission targeting various cryptocurrency platforms have caused quite a stir in the industry. The latest platform in the line of fire is OpenSea, a popular NFT marketplace. The CEO of OpenSea, Devin Finzer, took to social media to express his disappointment in the regulator’s move, sparking
The world’s largest cryptocurrency exchange, Binance, recently announced the addition of new trading pairs and services to its platform in an effort to enhance user experience and respond to ongoing market trends. These new additions include DOGS/BRL, DOGS/USDC, RARE/BRL, and RARE/USDC on Binance Spot. Additionally, Binance will also be offering trading bot services for various