On Wednesday, Ethereum (ETH) made headlines as it broke above the $2,700 mark, a notable increase not seen in over a week. This movement has revitalized optimism among crypto analysts, many of whom are speculating that the second-largest cryptocurrency might soon overcome the next significant resistance level and reestablish itself above $3,000. The cryptocurrency’s surge
In recent months, the cryptocurrency landscape has faced considerable volatility, prompting an analysis from Animoca Research that highlights the performance of various tokens listed on five prominent exchanges: Binance, Bitget, Bybit, KuCoin, and OKX. From January to September, the report unveiled a concerning trend: tokens on these exchanges exhibited a median performance decline between 40%
At the recent Binance Blockchain Week held in Dubai, Jeremy Allaire, CEO of Circle, offered an optimistic outlook regarding the evolving regulatory landscape for cryptocurrencies, particularly stablecoins. Allaire emphasized that as countries around the globe begin to establish clearer regulations, interest in stablecoins—a category that includes Circle’s USDC—will likely increase. He believes that while some
On October 30th, BlackRock’s iShares Bitcoin Trust (IBIT) experienced an astonishing inflow of $872 million, setting a new record for daily investments since its inception in January. This significant jump marks a pivotal moment in the Bitcoin exchange-traded fund (ETF) landscape, showcasing the growing appetite among investors. The previous highest inflow recorded for IBIT was
In a bid to revolutionize the landscape of international finance, the Bank for International Settlements (BIS) has launched Project Mandala, collaborating with various central banks to address the complex regulatory nuances of cross-border transactions. This initiative, which involves central banks from countries like Australia, Korea, Malaysia, and Singapore, aims to streamline compliance in a realm
In a significant move for the financial technology landscape, Visa announced on October 29 that it has partnered with Coinbase to facilitate real-time financial transactions between traditional banking and cryptocurrency platforms through the Visa Direct network. This partnership is a noteworthy stride towards enhancing user convenience and fostering efficient monetary exchanges. Coinbase users in the
In the aftermath of a financial collapse as significant as FTX’s, the process of asset recovery becomes paramount not just for creditors but also for setting a precedent in corporate governance and accountability. FTX, once a leading cryptocurrency exchange, filed for Chapter 11 bankruptcy in November 2022, leaving behind a trail of creditors who hoped
As the decentralized finance (DeFi) landscape continues to evolve, new blockchain platforms standardizing efficiency and interoperability gain prominence. Among these emerging contenders is Berachain, a Layer 1 blockchain that addresses key challenges faced by DeFi applications, particularly liquidity fragmentation. Its novel Proof of Liquidity (PoL) consensus mechanism and compatibility with the Ethereum Virtual Machine (EVM)
The collapse of FTX, once hailed as a beacon of innovation within the cryptocurrency exchange realm, has become synonymous with one of the largest financial debacles in modern history. At the heart of this scandal is Nishad Singh, the former engineering director of the now-defunct exchange. On October 30, 2023, Singh was sentenced to time
As the world increasingly embraces digitization, traditional loyalty programs are being reevaluated to meet the expectations of modern consumers. A significant shift is being heralded by the collaboration between Circle, a prominent stablecoin issuer, and HKT, a leading technology firm in Hong Kong. This partnership aims to harness the power of blockchain technology to innovate