The world of cryptocurrency has seen yet another remarkable surge in the price of Solana (SOL), with a staggering 40% increase just this week. This surge has led to the establishment of a new 2023 high at around $58, marking Solana’s best weekly performance since January 2023. The question on everyone’s mind is: what factors
BlackRock, a prominent investment management company, has recently made a compelling argument against the U.S. Securities and Exchange Commission’s (SEC) differential treatment of spot-crypto and crypto-futures exchange-traded fund (ETF) applications. In its pursuit to launch a spot-Ether (ETH) ETF known as the “iShares Ethereum Trust,” BlackRock has challenged the SEC’s regulatory distinctions between these two
The ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC) over the classification of XRP has garnered much attention and raised crucial questions regarding regulatory frameworks and investor protection. In a recent interview with CNBC, Brad Garlinghouse, the CEO of Ripple, discussed the latest developments in the case and expressed his
Coinbase, one of the leading cryptocurrency exchanges, has recently unveiled a groundbreaking feature on November 9. This new feature allows users to attest their account and country credentials directly on the blockchain, granting them unparalleled access to a range of benefits and applications. With this move, Coinbase aims to establish a new standard of trust
Solana’s native token, SOL (SOL), has experienced a remarkable 22% surge on November 10th, surpassing the $54 mark for the first time since May 2022. This surge occurred despite the continuous selling of SOL tokens by FTX’s bankruptcy estate. The sale of the failed exchange’s assets, which included 55.75 million SOL, was approved by the
In a bold move towards diversification, BlackRock, the world’s largest asset manager, has recently filed for an Ethereum exchange-traded fund (ETF) after months of speculation. This highly anticipated filing comes just four months after the company filed for a Bitcoin ETF, signaling BlackRock’s eagerness to expand its presence in the cryptocurrency market. The news of
TG Casino, the leading GambleFi presale on Telegram, is revolutionizing the world of crypto gambling. Since its launch in late September, TG Casino has quickly emerged as a major player, raising over $1.8 million in its presale. With a unique proposition of fully anonymous crypto gambling, TG Casino is attracting investors and players alike, fueling
The recent rally in the Ethereum (ETH) price has caught the attention of many cryptocurrency enthusiasts. However, one particular Ethereum whale seems to have made a rather questionable move. This anonymous whale has used the ETH rally as an opportunity to deposit over $60 million worth of the asset on the popular exchange, Binance. While
SailWars, an upcoming NFT game, is all set to revolutionize the gaming industry by transporting players to the thrilling era of 17th-century maritime battles and piracy. Developed by Dot.GAMING Studio, this game promises an immersive experience with its strategic warfare, simulation management, and intense PvP battles. What sets SailWars apart is its adoption of the
In a period filled with uncertainty, Bitcoin (BTC) has once again surprised everyone by reaching a new yearly high, fueling speculation about its ability to surpass the elusive $40,000 milestone. After a short consolidation phase, the leading cryptocurrency has regained its bullish momentum, climbing to a peak of $38,000 before retracing to its current trading
In a recent announcement, the European Parliament has voted in favor of the Data Act, a legislative framework that covers various aspects, including smart contract development. The act, which received 481 votes in favor, aims to establish essential requirements for data sharing through smart contracts. However, concerns have been raised within the crypto industry regarding
Ether (ETH) experienced a surprising 8% rally on Nov. 9, breaking the $2,000 barrier and achieving its highest price level in six months. This surge came as a shock to many in the cryptocurrency market and was triggered by news of BlackRock registering the iShares Ethereum Trust in Delaware. The initial announcement was made by
SBI Holdings, a leading financial company in Japan, is gearing up to introduce a substantial fund of $663 million to support the growth and development of Web3, AI, and other fintech startups. This ambitious initiative aims to invest in 150-200 companies and is expected to commence operations by the end of this year. A Boost
In the fast-paced world of Ethereum layer-2 networks, the competition is heating up. With this, users are left with questions about the unique characteristics, use cases, and strategies employed by each network to attract more users to Web3. In a recent episode of Hashing It Out, Elisha Owusu Akyaw (GhCryptoGuy) engages in a thought-provoking discussion
HSBC, a well-established presence in the global banking sector, has recently made a significant move into the digital asset space. The British bank’s announcement to offer custody services for tokenized securities marks a groundbreaking development in the financial industry’s adoption of blockchain technology. This strategic move demonstrates HSBC’s commitment to innovation and its recognition of
The recent launch of Binance’s own Web3 self-custody wallet has sent shockwaves through the crypto community. As a result, the native token of popular web3 wallet Trust Wallet, TWT, has experienced a significant decline in price, leaving many concerned investors wondering if Trust Wallet is heading towards zero. Binance’s entry into the Web3 wallet space
In a stunning turn of events, FTX’s native token FTT experienced an incredible surge of almost 90% in the past 24 hours, reaching a nine-month high of $2.33. This sudden increase was triggered by the SEC Chair Gary Gensler’s suggestion that the insolvent exchange could be revived under proper leadership. Gensler emphasized the importance of
Radiant Capital, a lending and borrowing protocol, has been gaining significant traction in the decentralized finance (DeFi) space, positioning itself as a strong competitor to established players like Aave. Analyzing the earnings data over the past six months, Radiant Capital has shown remarkable growth, generating $5.8 million in revenue despite having relatively lower liquidity compared
Switzerland-based SEBA Bank, a cryptocurrency-focused financial institution, has achieved a significant milestone in its global expansion plans. The bank’s wholly-owned subsidiary, SEBA Hong Kong, has secured a regulatory license from Hong Kong regulators. This license allows SEBA Bank to offer regulated cryptocurrency services to institutional investors in the city-state. Regulatory License and Expansion SEBA Hong
Efforts to revive FTX, once one of the largest crypto exchanges, are reaching a critical stage. Recent reports from the Wall Street Journal suggest that three potential buyers have emerged as the primary candidates for the acquisition. Former New York Stock Exchange president Tom Farley, crypto VC firm Proof Group, and fintech startup Figure Technologies
The integration of Artificial Intelligence (AI) into the financial sector has revolutionized investment strategies, especially within the cryptocurrency industry. Amongst the volatile and complex crypto markets, AI crypto startups have emerged as game-changers, offering simplified and informed trading experiences. Investors are now turning to these startups as a gateway to more stable and strategic trading,
Grayscale CEO Michael Sonnenshein recently provided an update on the company’s proposal to launch a spot Bitcoin exchange-traded fund (ETF). In an interview with Bloomberg, Sonnenshein discussed the progress the company has made in its interactions with regulators. Grayscale intends to convert its existing Grayscale BTC (GBTC) fund into an ETF, a move that would
Chainlink’s LINK token has recently experienced a significant surge in price, climbing by 26% in just six days. This surge has propelled Chainlink to become the 10th largest cryptocurrency by market capitalization. While this price increase is exciting for traders, it raises the question of whether Chainlink’s current valuation of $8.1 billion is justified. In
Lido, a renowned liquid staking protocol, has recently received approval from its governing body to deploy Lido’s Wrapped Staked Ether (wstETH) to Coinbase’s Base network. This development was announced on November 8th, paving the way for the token to become live and available for trading and use in decentralized finance (DeFi) applications on the Base
SwissGold Crypto AG, a regulated crypto issuer in Switzerland, has introduced an innovative solution for wealth preservation in today’s volatile financial market – gold-backed NFTs. By blending the timeless value of gold with the revolutionary potential of NFT technology, these unique digital assets represent actual gold bars, providing a transparent and immutable proof of ownership.
The Bitcoin price has been showing signs of exhaustion on low timeframes, despite still recording some profits. However, when zooming out, recent data shows the massive rally experienced by cryptocurrencies over the past few months and the potential for additional gains in the sector. As of now, the Bitcoin price is trading at $34,800 with
The crypto startup Ava Labs, known for developing the Avalanche blockchain, has recently announced a significant layoff, trimming its workforce by 12%. Founder and CEO Emir Gün Sirer confirmed the job cuts, emphasizing the need to reallocate resources to support the growth of the firm and the expansion of the Avalanche ecosystem. While bear markets