The recent collaboration between Crypto.com, a prominent cryptocurrency exchange based in Singapore, and Standard Chartered, a multinational banking institution, has sent shockwaves through the crypto industry. This partnership aims to provide retail users worldwide with access to fiat services, specifically enabling the deposits and withdrawals of the United States dollar (USD), the euro (EUR), and
Crypto
In the wake of Federal Reserve chair Jerome Powell’s comments at the Jackson Hole symposium, the demand for bitcoin (BTC) in the United States has been on the rise. This surge in interest has been reflected in the spike in the Coinbase Premium, reaching its highest level since July at 0.11%. The increase in demand
As the highly-anticipated 2024 bitcoin bull run unfolds, it is clear that things are not going as planned. Despite initially breaking its 2021 all-time high, the journey towards the coveted $100,000 mark has been met with setbacks and disappointments. Perplexity, a popular AI chatbot, has highlighted some key factors that could potentially propel another bullish
Centralization in the cryptocurrency space has long been a point of contention among enthusiasts and proponents of decentralized finance. The concentration of holdings in the top wallets of popular project tokens such as Polygon (MATIC) and Shiba Inu (SHIB) has raised significant concerns about the potential risks associated with high centralization. According to data shared
The past week has been a tumultuous one for Bitcoin and most altcoins in the cryptocurrency markets. Bitcoin started the week on a high note, soaring from around $60,000 to over $64,000 following bullish developments in the US. However, the weekend proved to be quiet for Bitcoin, despite turbulence in the rest of the crypto
Maker, a prominent DeFi lending protocol on Ethereum, has recently undergone a significant rebranding, transitioning to a new identity as “Sky.” Along with this rebrand, the decentralized stablecoin DAI has been renamed to USDS, and the MKR governance token has been transformed into SKY. This strategic rebranding aims to mark a new era in decentralized
The Federal Reserve has hinted at a move towards lower interest rates as the benchmark rate for massive overnight money market loans is currently in the range of 5.25% to 5.5%. Fed Chairman Powell’s recent statement in Jackson Hole, Wyoming, indicated a shift towards rate cuts in the near future. This move is expected to
Bitcoin ETFs have been dominating the market lately, with impressive inflows and a strong performance over the last trading week. On the other hand, Ethereum ETFs are facing challenges, with low trading volumes and consistent withdrawals. The recent volatility in the crypto market has had a significant impact on both asset classes, but the resilience
Shibarium, a layer-2 blockchain solution designed to support the development of the Shiba Inu ecosystem, has seen significant growth since its inception a year ago. With over 418 million transactions processed and key upgrades such as hard forks to improve network performance, Shibarium has been focused on enhancing transaction costs, speeding up processes, and increasing
German authorities recently conducted a nationwide crackdown on unlicensed crypto ATMs, seizing nearly 250,000 euros in cash and 13 machines. Led by the Federal Financial Supervisory Authority (BaFin), the operation aimed to strengthen regulatory oversight in the rapidly expanding cryptocurrency sector. The sting operation targeted 35 locations across the country where crypto ATMs were allegedly
