The cryptocurrency sector has experienced significant advancements, but there is growing awareness among industry experts that exchanges, market makers, and custodians must operate as separate entities for businesses to succeed. This concept, commonly practiced in traditional finance, has often been overlooked in the cryptocurrency industry. It poses a major problem that the industry needs to
In a recent report, investment management firm VanEck has made bold predictions for the future of the cryptocurrency market. According to VanEck, Bitcoin is set to reach new record-breaking highs by the fourth quarter of 2024. This projection comes as a result of increased optimism regarding the dismantling of the SEC’s adversarial regulatory stance. If
The European Union (EU) has made a significant breakthrough in the regulation of artificial intelligence (AI). After three days of negotiations, the European Council and the European Parliament have reached a provisional agreement on what is expected to be the world’s first comprehensive regulation of AI. This achievement has been hailed as a historical milestone
In a recent press release, Chainlink, a leading blockchain data-oracle project, announced the overwhelming demand for its enhanced crypto-staking program. Within just six hours, the program reached its staking limit, accumulating over $632 million worth of Chainlink’s LINK tokens. This significant response highlights the growing interest and recognition of Chainlink as the industry-standard decentralized computing
The U.S. Securities and Exchange Commission (SEC) recently met with Fidelity to discuss the firm’s spot Bitcoin ETF application. This meeting, which took place on December 7th, involved several members of the SEC’s Division of Corporate Finance as well as representatives from CboeBZX. The primary focus of the meeting was a proposed rule change that
In recent news, conversations surrounding the launch of spot Bitcoin exchange-traded funds (ETFs) in the United States have reached advanced stages. The U.S. Securities and Exchange Commission (SEC) has reportedly started asking detailed and technical questions to potential spot Bitcoin ETF issuers, a promising sign that pending applications may soon be approved. The Application Process
Futureverse, a renowned name in the field of artificial intelligence (AI) and metaverse technology, recently announced an exclusive partnership with Reebok, a leading sports culture brand. This unique collaboration aims to develop new experiences in AI, Web3, and blockchain-based gaming within the metaverse. Futureverse will take the lead in expanding Reebok’s presence in interactive digital
The market performance of Ethereum has been experiencing a consistent and positive trend since October. This upward movement can be primarily attributed to increased buying activity, which has propelled the cryptocurrency beyond the significant resistance level of $2,000. As a result, the value of Ethereum has surged, with investors setting their sights on breaking through
The cryptocurrency market is no stranger to rapid price movements and new token listings. In recent times, two tokens, SECT and Bitcoin ETF Token (BTCETF), have garnered attention for their explosive growth potential. SECT, the native token of the Sect Bot app, has seen its price surge by over 50x within 24 hours of listing
Binance, one of the largest cryptocurrency exchanges, experienced a significant decline in its Bitcoin balance during the month of November. According to the latest proof of reserves report, the exchange’s Bitcoin balance dropped by over 23,000 BTC, or roughly 4%. This decline directly correlates with the regulatory issues Binance faced with U.S. authorities. The report
