In recent discussions among crypto industry experts, Tether has emerged as a potential frontrunner to become the world’s dollar-pegged defacto central bank digital currency. This speculation was sparked by the endorsement of Cantor Fitzgerald CEO, Howard Lutnick. Lutnick publicly voiced his admiration for Tether, stating, “I’m a big fan of this stablecoin called Tether…I hold
Coinbase International, a leading cryptocurrency exchange, announced its plans to enable spot trading for Bitcoin (BTC) and Ethereum (ETH) on its platform starting from December 14th. This move comes as part of Coinbase’s global expansion strategy to cater specifically to non-US institutional clients. In this article, we will explore the details of this announcement and
Coinbase Global Inc. is taking bold steps to expand its services by introducing spot crypto trading on its international exchange. This move is part of a global expansion strategy to cater to users who may have reservations about U.S.-based platforms. The company aims to create a trusted non-U.S. spot exchange that offers a seamless and
A recent YouTube video by LuckSide Crypto, a prominent crypto analyst, presents an optimistic outlook on Cardano (ADA) amidst the current market downturn. Despite the overall negative sentiment in the market, ADA has exhibited resilience, according to the analyst. While acknowledging the broader turbulence, LuckSide Crypto highlights several technical analysis indicators that suggest ADA may
The recent bearish trend in the crypto market doesn’t seem to affect Shiba Inu (SHIB) as much, thanks to the increased adoption of the Shibarium Layer 2 network. In fact, it is the large holders of SHIB who are driving the bullish return. According to on-chain data tracker IntoTheBlock, the net flow of Shiba Inu
LINE NEXT Corporation, a prominent venture in the NFT ecosystem, has successfully obtained a substantial investment of USD 140 million led by Crescendo Equity Partners. This remarkable investment signifies the largest funding in the Asian Web3 industry for the current year, positioning LINE NEXT for significant growth in the global Web3 ecosystem. In January 2024,
Osmosis (OSMO), the leading decentralized exchange (DEX) on the Cosmos (ATOM) blockchain, has experienced a staggering 25% price surge. This surge can be attributed to a major development on the Cosmos network, which involves the merger of the two largest DEXs on the blockchain: Osmosis and Umee. The Cosmos ecosystem has been buzzing with activity
Bitcoin, the leading cryptocurrency, is struggling to recover from the recent market decline. Despite briefly reaching $44,700, its highest price in over a year and a half, the digital asset has since retreated and is currently hovering around $41,000. Meanwhile, most altcoins have also experienced losses, with SOL dropping below $70 and AVAX plummeting to
The crypto market has entered a phase of cautious trading and consolidation after experiencing recent volatility. Bitcoin and Ethereum, two of the top cryptocurrencies, are currently undergoing minor price fluctuations. Bitcoin is currently trading around $41,960, experiencing a decrease of just 0.17% in the last 24 hours. Similarly, Ethereum is hovering around $2,229, showing a
LFNTY Coin, a decentralized cryptocurrency based on Solana and traded on the Orca platform, has experienced an astronomical surge of 20,000% in the past 24 hours. The altcoin, currently valued at $1.6521, made its debut on Orca just yesterday, opening at a price of $0.005964 against USDC. The coin’s fundamentals, stemming from its association with
The Commodities Futures Trading Commission (CFTC) Chairman, Rostin Behnam, recently stated that most cryptocurrencies should be treated as commodities under existing laws. However, he emphasized the urgent need for updated regulations that account for the technological advancements in the digital asset space. In an interview on CNBC’s Squawk Box, Behnam expressed his concerns about the
Bitcoin, the world’s most well-known cryptocurrency, recently faced a critical vulnerability that has the potential to significantly impact the Ordinals Protocol. This vulnerability was identified by the National Vulnerability Database (NVD), overseen by the National Institute of Standards and Technology (NIST) in the United States. In this article, we will delve into the details of
The crypto market has proven its resilience by outperforming traditional assets such as equities in recent weeks. This can be attributed to a significant repricing in monetary policy expectations and short futures liquidations. However, this outperformance faced limitations due to stronger-than-expected US jobs data, which dampened the recent rally. The reversal in US Treasury yields
The world of Non-Fungible Tokens (NFTs) has been revolutionizing the digital asset landscape, and Enjin has taken a significant step forward by successfully transferring over 200 million NFTs from Ethereum to its very own blockchain. This migration marks a monumental milestone in the NFT space and showcases the growing capabilities of Enjin Blockchain. Achieving the
Bitcoin’s price has once again experienced a significant drop, testing the $40,000 support zone. This downward trend highlights the market’s volatility and the potential challenges faced by cryptocurrency investors. While the price is currently on the rise, it must surpass the $42,350 mark to establish a more positive trajectory for Bitcoin. Bitcoin is currently attempting
In a significant move to protect virtual asset investors and regulate the rapidly growing cryptocurrency industry, the Korean Financial Services Commission (FSC) has unveiled a comprehensive set of regulations. The Act on the Protection of Virtual Asset Users is set to come into effect on July 19, 2024, and aims to tackle the challenges faced
The cryptocurrency market is known for its volatility and unpredictability, making it challenging for traders to identify the next big winner. However, a new platform called Launchpad XYZ aims to change that. By leveraging AI-driven algorithms, Launchpad XYZ offers traders a unique path forward, enabling them to bypass emotional pitfalls and make data-driven investment decisions.
Bitcoin’s next halving is drawing near, and investors are eagerly anticipating the potential for another significant bull market. Mitchell Askew, Head Analyst for Blockware Solutions, holds an optimistic outlook for the event. Contrary to conventional wisdom that both Bitcoin and the halving are subject to diminishing returns, Askew believes that the halving’s effect will continue
According to recent data from AlphaScan, there has been a significant increase in social media activity surrounding Injective Protocol (INJ) on December 12. This surge in interest has propelled INJ to become the second-most mentioned token on social media platforms, second only to Bitcoin (BTC). The data reveals that nearly 30% of INJ’s weekly mentions
Senator Elizabeth Warren (D-MA) recently announced an expanded coalition of Senate support for a bipartisan bill aimed at mitigating illicit finance risks associated with cryptocurrencies. The Digital Asset Anti-Money Laundering Act seeks to bring the crypto ecosystem into compliance with anti-money laundering frameworks governing the traditional financial system. While the bill aims to address concerns
Introduction The XRP community has been grappling with concerns over the token’s underperformance and potential market manipulation. However, amidst the uncertainty, crypto analyst Dark Defender has provided a glimmer of hope, predicting that XRP could reach $18 in the near future. This analysis has sparked discussion and renewed optimism within the community, but the journey
The Financial Services Commission (FSC) of South Korea has recently introduced a series of regulations targeting digital asset investments. These regulations, set to be implemented by July 2024, aim to create a more secure and regulated digital asset marketplace in the country. While the new laws require investors to earn interest on digital assets deposited
The crypto market is notorious for its volatile nature, constantly undergoing significant changes in response to price fluctuations. However, an interesting trend has emerged, highlighting a reduction in volatility due to a shift in investor behavior, particularly within the futures market. By analyzing Bitcoin’s price changes and significant liquidation events from 2021 to 2023, we
In the ever-evolving world of cryptocurrency, meme coins have become the latest trend. These digital assets, often named after popular figures or pets, have gained immense popularity due to their potential for massive overnight gains. One such coin that has recently caused a stir is the LINDA Token. A Sudden Surge Just three days after
Google is preparing for a significant update to its policy on cryptocurrencies and related products, set to take effect in January 2024. This update will bring explicit clarification on the regulations surrounding the advertisement of Cryptocurrency Coin Trusts. Starting from January 29th, 2024, advertisers in the United States will be able to promote Cryptocurrency Coin
The Cronos price has experienced a 3.5% drop in the past 24 hours, reaching $0.101700. This decline coincides with a 3% market loss and the successful presale of an exciting new Bitcoin project, which raised over $5.1 million. Despite this recent setback, CRO has shown a 7% increase over the past week and a 10%
The Internal Revenue Service (IRS) has recently shifted its attention to tax evasion in crypto investigations, according to a report from the agency’s criminal investigations division. More than 50% of the probes conducted in the last fiscal year were related to tax matters, marking a significant change from previous years. While the majority of cryptocurrency