Ripple recently announced a new partnership with South Korea’s Yonsei University as part of its University Blockchain Research Initiative (UBRI) program. This collaboration marks the 58th global partnership for Ripple, with a focus on blockchain research and technology. Yonsei University will specifically focus on areas like artificial intelligence, finance, information systems, and management, highlighting the
Crypto
Bitcoin’s recent dip below $56,000 has sparked concerns among investors, with Arthur Hayes predicting a potential further decline to $50,000. His bearish outlook extends to altcoins as well, warning of steeper losses in the broader crypto market. Hayes attributes these predictions to the Federal Reserve’s actions and dynamics in the US Treasury market, noting the
Galois Capital, a crypto-focused advisory firm that custodied client assets at FTX, has found itself in hot water with the U.S. Securities and Exchange Commission. The SEC has recently levied charges against Galois Capital for failing to ensure that the crypto held by the private fund it was advising was held with a qualified custodian,
The Ethereum market is experiencing a shift as rising exchange reserves indicate a possible new distribution phase. CryptoQuant’s Ethereum Exchange Reserve metric, which monitors the amount of ETH held in exchange wallets, is a key indicator in this scenario. An increase in this metric often suggests that traders are moving their ETH onto exchanges in
The recent analysis by Santiment has shed light on a concerning trend in the cryptocurrency market. Bitcoin and Ethereum, two of the top crypto assets, have experienced a significant drop in high-value transactions of $100k or more. During the period of March 13-19, Bitcoin recorded 115.1k transactions valued at over $100k each, indicating active participation
The Open Network and its native token, TON, recently experienced a significant price drop of over 90% in just a few minutes on CoinMarketCap. This sudden plunge from $5.2 to around $0.3 left investors shocked and concerned about the stability of the token. However, it was later revealed that the crash was not caused by
Recently, a prominent crypto analyst known as the ‘Titan of Crypto’ shared with his 90,000 followers on Twitter an unprecedented technical pattern taking shape in the market. This pattern involves the formation of a golden cross between the 100-day moving average and the longer-term 200-day moving average. Unlike the typical golden cross, which involves a
The cryptocurrency space is no stranger to security breaches, with the recent month seeing a staggering $313 million in losses due to over ten different hacks. The majority of these losses, amounting to 93.5%, were a result of two large phishing attacks that targeted unsuspecting crypto holders. These incidents served as a wake-up call for
The Crypto Wealth Report 2024 by Henley & Partners has revealed astounding numbers in the digital asset space. The report shows a staggering 95% increase in the number of individuals holding over $1 million in digital assets, totaling 172,300. Furthermore, the total value of the crypto market has climbed to $2.3 trillion, marking an 89%
The recent outflows of $305 million in digital asset investment products have been attributed to stronger-than-expected economic data from the United States. This unexpected data has significantly decreased the likelihood of a 50-basis point interest rate reduction by the Federal Reserve. As a result, CoinShares predicts that the asset class will become increasingly sensitive to