Kraken, a prominent cryptocurrency exchange, has made a significant announcement regarding its support for Monero (XMR) within the European Economic Area (EEA). As of October 1, the exchange revealed that it will cease support for XMR by the end of October 2024. This move reflects the increasing scrutiny and regulatory challenges facing cryptocurrencies, particularly privacy-focused
On October 1, an Iranian missile strike on Israel sent shockwaves through global markets, leading to a sudden drop in Bitcoin prices. The cryptocurrency noticed a drastic decline of nearly $4,000 within a single day, as it plummeted from just over $64,000 to around $60,000. Although Bitcoin has experienced slight recovery, trading at approximately $61,700
In 2017, the digital landscape underwent a transformation spurred by the advent of CryptoKitties, an NFT-based game that effectively introduced the world to the concept of unique, tradable digital assets. Fast forward to today, and Dapper Labs, the innovative company behind CryptoKitties, is reigniting this cultural phenomenon by launching a revised version on the messaging
In the ever-evolving world of cryptocurrencies, Cardano (ADA) has recently found itself in the spotlight due to a significant surge in price, attributed mainly to the Federal Reserve’s announcement of interest rate cuts. This development sparked a renewed sense of enthusiasm across the crypto market, with ADA experiencing a notable 26% increase within a two-week
In recent developments within the Web3 gaming ecosystem, the collaboration between Transak and Sequence has emerged as a pivotal factor in enhancing user experience, especially concerning the purchasing of non-fungible tokens (NFTs). This partnership aims to simplify a previously convoluted process, thus broadening access to NFTs for players and collectors alike. With Transak’s introduction of
The emergence of distributed ledger technology (DLT) has heralded a new era in financial markets, prompting regulatory bodies to adapt to its transformative potential. In this vein, the UK’s Financial Conduct Authority (FCA) alongside the Bank of England has officially initiated the next phase of the Digital Securities Sandbox (DSS). This initiative is poised to
In a surprising turn of events, Gemini, one of the prominent cryptocurrency exchanges, has announced its decision to wind down operations in Canada by the end of 2024. This decision was communicated to users via an email dated September 30, indicating that Gemini accounts will be closed effective December 31, 2024, with only limited exceptions.
In an era where the cryptocurrency market is often dictated by volatile sentiments and swift price corrections, Ripple’s XRP stands as a remarkable outlier during the downturn observed on September 30, 2023. While leading cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) faced setbacks, XRP bucked the trend and managed to achieve a
As the cryptocurrency landscape continues to evolve, it finds itself increasingly riddled with scams that exploit both seasoned investors and newcomers alike. One alarming incident that emerged recently involved a fraudulent application masquerading as WalletConnect, a protocol that facilitates secure interactions between cryptocurrency wallets and decentralized applications (dApps). This case not only highlights vulnerabilities within
At the recent 2024 Tsinghua PBC Chief Economist Forum, a pivotal discussion emerged regarding China’s position on cryptocurrency, prompted by insight from former Vice Minister of Finance, Zhu Guangyao. His remarks usher in a crucial moment where the emphasis is not merely on the potential threats posed by the nascent industry but also on the