State Street Corp., a prominent Boston-based finance company, is venturing into the realm of blockchain technology by contemplating the introduction of its stablecoin and tokenized deposits. The move seeks to enhance payment settlement processes by leveraging the capabilities of blockchain technology. According to a recent report by Bloomberg, State Street has been actively exploring opportunities
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Kraken Institutional, the division catering to institutional investors of Kraken, recently announced the expansion of its custody services into the UK and Australia. This move comes after the division’s initial launch earlier this year, allowing institutional clients in these regions to securely store, manage, and transfer their crypto assets starting July 18th. According to Tim
A prominent crypto analyst, Scott Melker, widely known as “The Wolf Of All Streets,” has expressed a strong bullish sentiment towards Bitcoin (BTC) by predicting that the pioneer cryptocurrency could achieve a remarkable milestone of hitting $100,000 as its all-time high. Melker’s conviction is based on a series of fundamental factors that he believes will
Semilore Faleti has made a significant impact in the field of cryptocurrency journalism through his expertise and passion for digital assets. With a background in content creation and journalism, Semilore has dedicated himself to unraveling the complexities of blockchain technology and cryptocurrency, making it accessible to a wide audience. Starting out by writing on various
Over the past weekend, Bitcoin’s price has experienced a significant rally, with the crypto asset reaching a high of $67,000. However, as of the time of writing, it has settled around $64,000. This surge in price has sparked discussions within the crypto community about whether Bitcoin has finally hit rock bottom or if there is
In the ever-evolving world of cryptocurrency, there has been a surprising trend in 2024 – the rise of dog-themed meme coins. Coins like Dogecoin (DOGE), Shiba Inu (SHIB), Floki Inu (FLOKI), and dogwifhat (WIF) have garnered significant attention and investment, leading to substantial growth in their market capitalization. The popularity of dog-themed meme coins can
In June, trading volume on centralized exchanges experienced a significant decline of 21.8%, marking the third consecutive month of diminishing activity since March. The combined spot and derivatives trading volume across these platforms amounted to $4.2 trillion, down from a peak of $9 trillion recorded earlier in the year. One major contributing factor to this
The Chicago Board Options Exchange (CBOE) has officially announced the launch date for Spot Ethereum ETFs, setting the stage for five new ETFs to enter the cryptocurrency market. The CBOE’s notification on July 19 revealed that trading for the five Spot ETH ETFs is scheduled to commence on July 23, 2024, pending regulatory approval. This
The Cardano market recovery has failed to bring relief to a large number of ADA holders who are still nursing losses. Data from IntoTheBlock paints a grim picture, showing that Cardano is the worst performer in terms of profitability among the top 10 largest cryptocurrencies by market cap. This has left holders and long-term believers
The recent hack of India-based crypto exchange WazirX has raised significant concerns within the cryptocurrency community. In a post-mortem report by MPC wallet provider Liminal on July 19, it was revealed that the breach was not a result of Liminal’s infrastructure being compromised. Instead, the hack was attributed to compromised devices within WazirX’s network. According
Recently, a US court granted Binance US the authority to invest specific customer fiat funds, currently held at BitGo, in US Treasury Bills. This decision came after the exchange requested court approval to invest approximately $40 million in $10 million increments over a period of four weeks. The funds will be invested through a trading
The volume of ETH derivatives indicates a lack of confidence among investors in the upcoming Spot Ethereum ETFs. Despite the imminent launch of these funds, the fixed-month contracts annualized premium for Ethereum is only at 11%, which is relatively low. This suggests that crypto traders are not as bullish on ETH’s price as one might
A recent declaration by a market strategist has set the tone for a potential turnaround in the world of cryptocurrency. Bitcoin, the largest cryptocurrency in the market, is said to have finally concluded its downtrend. The strategist’s analysis points towards a new price target for Bitcoin, driven by a positive shift in its market value.
Planetarium Labs is set to change the landscape of Web3 gaming with their upcoming release of Immortal Rising 2. As a follow-up to the highly successful Immortal Rising franchise, this new game is already generating buzz among players eager to experience the next evolution in gaming technology. Immortal Rising 2 will be built on the