The team behind Bitcoin Ordinals has taken a significant step towards driving the development of nonfungible tokens (NFTs) on the Bitcoin blockchain. With the launch of the Open Ordinals Institute, a nonprofit organization, they aim to provide the necessary funding for Ordinals developers. Since its introduction in January, the Bitcoin Ordinals protocol has gained immense
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Bitstamp, a popular cryptocurrency exchange, has recently announced its decision to halt U.S. trading for several cryptocurrencies due to increasing regulatory concerns. The company revealed that it would be blocking U.S. users from trading Axie Infinity (AXS), Chiliz (CHZ), Decentraland (MANA), Polygon (MATIC), Near Protocol (NEAR), The Sandbox (SAND), and Solana (SOL). These delistings come
It has been reported that Ryan Salame, the former co-CEO at FTX’s Bahamas subsidiary, FTX DM, is currently engaged in negotiations with federal prosecutors. These talks could potentially lead to Salame pleading guilty to criminal charges in relation to the collapse of the crypto exchange. The news of these negotiations was first reported by Bloomberg
The cryptocurrency industry has been plagued by scams, and the latest victim is Blockchain Capital, a well-known crypto-focused venture capital firm. Its Twitter account was recently taken over by scammers who attempted to deceive users into a token claim scam. This incident highlights the growing threat of scammers infiltrating social media platforms to trick unsuspecting
Cryptocurrency exchange Binance has made history by becoming the first licensed crypto platform in El Salvador. This achievement comes after Binance received two licenses from the Central Bank of El Salvador and the National Commission of Digital Assets. The licenses obtained are the Bitcoin Services Provider (BSP) license and the non-provisional Digital Assets Services Provider
In today’s digital world, the concept of personal branding has undergone a significant transformation. No longer limited to professionals and entrepreneurs, personal branding has become relevant to individuals from various walks of life. With the increasing interconnectedness of the online realm, people are seeking innovative ways to stand out and distinguish themselves. And at the
ARK Invest CEO Cathie Wood has recently made a bold prediction that has set the financial world abuzz. Wood suggests that the United States Securities and Exchange Commission (SEC) may grant approval for multiple Spot Bitcoin exchange-traded funds (ETFs) simultaneously. This departure from the conventional sequential approval process could revolutionize the regulatory landscape and open
Blockchain.com, a leading cryptocurrency exchange, has obtained a payment institution (MPI) license from the Monetary Authority of Singapore (MAS). This is the second license the company has received in Singapore, following the in-principle approval granted in September 2022. With this new authorization, Blockchain.com aims to strengthen its compliance with regulators in the regions where it
The Federal Reserve Board has taken a significant step towards regulatory oversight of rapidly advancing technologies within the banking sector with the creation of the Novel Activities Supervision Program. This program aims to oversee complex partnerships with non-banks, crypto-asset-related activities, distributed ledger technology, and concentrated provision of banking services to crypto-asset-related entities and fintechs. By
In recent years, the cryptocurrency market has experienced significant growth and adoption. However, the volatility of digital assets also presents high risks and rewards for traders. To mitigate these risks and make informed decisions, AI-driven crypto signals platforms like yPredict have emerged. With the goal of providing data-driven insights, yPredict aims to bridge the knowledge
In a recent announcement, cryptocurrency exchange Huobi revealed its plans to list PayPal’s newly launched PYUSD stablecoin. Huobi aims to be the first exchange to support the launch of PYUSD and has promised to provide PYUSD/USDT trading pairs with a zero trading fee permanently. While Huobi did not specify a timeline for the listing, it
Cardano (ADA) has been experiencing a price movement that raises concerns among investors. The cryptocurrency is showing signs of entering a breakdown stage of a classic technical pattern called a bump and run reversal (BARR). This pattern occurs when excessive speculation drives the price of a cryptocurrency higher rapidly, eventually leading to a “bull trap”
Valkyrie has recently made a bold move by applying to the US Securities and Exchange Commission (SEC) to incorporate Ethereum (ETH) futures contracts into its Valkyrie Bitcoin Strategy ETF (BTF). This decision sets Valkyrie apart from other market players who have solely applied to launch their own dedicated Ethereum Exchange-Traded Funds (ETFs). By including exposure
Coinbase, one of the leading cryptocurrency exchanges, is set to revolutionize the Ethereum network with the launch of “Base.” Created on the Optimism framework, Base is a layer-two (L2) Ethereum chain designed to tackle the blockchain trilemma that revolves around scalability, security, and decentralization. As a layer-two solution, Base aims to improve transaction speeds and