The native token of the cryptocurrency exchange FTX, known as FTT, experienced a remarkable surge of almost 90% within a 24-hour period. This surge propelled the token to reach a nine-month high of $2.33. The catalyst for this surge was the suggestion made by the Securities and Exchange Commission (SEC) Chair, Gary Gensler, regarding the
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Radiant Capital, a lending and borrowing protocol, has been steadily gaining momentum in the decentralized finance (DeFi) space. With the ability to borrow assets across multiple chains, Radiant Capital provides users with a seamless cross-chain experience. Despite having a lower level of liquidity compared to Aave, the protocol has managed to generate impressive revenue over
Switzerland-based SEBA Bank has achieved another milestone in its global expansion plans by securing a regulatory license from Hong Kong regulators for its wholly-owned subsidiary, SEBA Hong Kong. The license allows SEBA Hong Kong to offer regulated cryptocurrency services to institutional investors in the city-state. This significant development comes after three months of receiving in-principle
Chainlink’s LINK token has experienced a remarkable 26% surge between November 2nd and 8th, reaching a level not seen since April 2022. This surge in price has solidified its position as the 10th largest cryptocurrency (excluding stablecoins) by market capitalization. While this is a welcome sight for traders, the question arises: is Chainlink’s current valuation
Grayscale, a well-known cryptocurrency investment firm, has recently provided an update on its proposed spot Bitcoin ETF (Exchange-Traded Fund). CEO Michael Sonnenshein spoke with Bloomberg on November 8, shedding light on the company’s plans. Grayscale aims to convert its existing Grayscale BTC (GBTC) fund into an ETF, a move that has gained attention from investors
After facing financial mismanagement and filing for bankruptcy in November 2022, FTX, once one of the largest crypto exchanges, is now in the hands of potential buyers. Reports from the Wall Street Journal on Nov. 8 reveal that three possible buyers have emerged in the race to revive FTX. Former New York Stock Exchange president
The integration of Artificial Intelligence (AI) into the financial sector has sparked a new wave of investment strategies, particularly within the cryptocurrency industry. AI crypto startups are emerging as key players, capturing the attention of investors who seek simplified and informed trading experiences. These companies offer solutions designed to distill the complexity of market data
Lido, a liquid staking protocol, has recently made a significant move by approving the deployment of its Wrapped Staked Ether (wstETH) on Coinbase’s Base network. This decision, which was announced on November 8, opens up new possibilities for users to trade and use wstETH in various decentralized finance (DeFi) applications. Lido enables users to stake
SwissGold Crypto AG, a regulated crypto issuer in Switzerland, has introduced a groundbreaking solution for preserving wealth in the midst of the volatile financial market. By combining the timeless value of gold with the innovative potential of Non-Fungible Tokens (NFTs), SwissGold Crypto AG presents gold-backed NFTs as a transparent and immutable proof of ownership. Throughout
Ava Labs, a prominent crypto startup known for its development of the Avalanche blockchain, has recently made the decision to lay off 12% of its workforce. Founder and CEO, Emir Gün Sirer, confirmed this move, stating that it will allow the company to reallocate resources towards company growth and the expansion of the Avalanche ecosystem.
