Donald Trump has caused a surprise in the crypto world. Together with his sons and two well-known cryptocurrency entrepreneurs, the former US president has presented his own platform called “World Liberty Financial”. However, only a few concrete details were revealed during a two-hour online presentation broadcast on the online service X. What is known so…
The financial sector in Switzerland is planning a game-changer: The Swiss Bankers Association (SBA) has written a white paper covering the launch of a brand new stablecoin BGT pegged to the Swiss Franc (CHF). Switzerland: Banks plan «book money tokens» Together with experts and members of their banks, the SBA, which acts as the umbrella organization of…
American Exchange Traded Funds (ETFs) provider, ProShares, has confirmed Monday that its Bitcoin Futures backed ETF product will begin trading on the New York Stock Exchange (NYSE) under the ticker symbol ‘BITO’ Tuesday. As contained in the announcement, the ETF product will track Bitcoin Futures and not the digital currency. “We believe a multitude of investors have been…
As we navigate the dynamic and evolving world of digital assets, Ethereum 2.0 emerges as a significant milestone in the blockchain industry. Stepping away from its initial version, Ethereum 1.0, the launch of Ethereum 2.0 acknowledges the scalability issues and prudently addresses them with innovative solutions – the shift to a Proof-of-Stake consensus mechanism and…
Blockchain technology has become a transformative force, driving innovation in finance, data security, and digital transactions worldwide. But understanding blockchain, especially from the ground up, can feel daunting. Here’s a straightforward guide aimed at demystifying the topic, presenting a blockchain definition simple enough for beginners yet robust enough to appreciate its potential. What is Blockchain?…
IOHK and Cardano (ADA) Founder Charles Hoskinson has responded to recent criticisms from Weiss Crypto Ratings analytics firm. The latter launched a hostile response to IOHK after Cardano partnered with Coinfirm, a provider of anti-money laundering (AML) data. On Aug. 24, the Cardano Foundation made certain moves to meet the requirements of modern regulatory frameworks….
The emergence of Stablecoins in the cryptocurrency universe paved the way for crypto funds to be tied to real-world asset value and a legally compliant transaction. In addition, Stablecoins are facilitated through blockchain technology, veering away from middleman institutions such as banks and other financial establishments. The gradual rise of Stablecoins since they first came…
Market analyst and influencer Lark Davis has once again dealt with altcoins and is convinced that some will have a great future. In any case, he invested himself. Here is his choice: Polkadot The Polkadot Ecosystem ( DOT ) recently took over the Parachain auctions from its Canarian network Kusama. Participants now have the opportunity to use their DOT tokens…
Cryptocurrency has taken the world by storm, revolutionizing the financial landscape and introducing innovative ways to transact and invest. In this article, we dive deep into the latest Cryptocurrency News, uncovering market updates, blockchain advancements, regulatory changes, and much more. Whether you’re a seasoned investor or a curious newcomer, this guide will keep you informed…
Mojito, a Non-Fungible Token (NFT) startup, has raised the sum of $20 million from investors, the chief of whom is the legacy art auction house- Sotheby’s. While Sotheby’s has recorded a positive stint in the NFT metaverse in the year-to-date period, the investment in Mojito comes off as the first time that the auction house will be investing directly…
For the first time, CoinMarketCap is choosing the top cryptocurrencies of 2024 as well as projects and people who have made outstanding contributions to the crypto market. The election should become an annual event in the industry. Cryptoquorum tells you this year’s winners. These are the top cryptocurrencies of 2024 according to CoinMarketCap Data aggregator CoinMarketCap held…
The US state of Texas, one of the most developed regions in the field of cryptocurrencies, especially in mining, has passed a new law. The law, which requires crypto businesses in the state to provide proof of reserves, will also ensure customer funds are segregated. Texas State Pushes Crypto Regulation The Texas Blockchain Council announced that…
Is this the beginning of the end for the Wild West days of the crypto world? Google, the giant US tech company, has upended its Crypto Advertising Policies. But what is really behind these profound changes? Google Changes Crypto Advertising Policies: What Does It Mean? From January 29, 2024, new rules will apply, which primarily…
In a rapidly digitizing world, financial technologies are undergoing unprecedented innovation, with one of the most prominent gaining increasing attention: Ripple and its associated cryptocurrency, XRP. Launched in 2012, Ripple Labs Inc. has emerged as a driving force in the realm of digital finance, providing ground-breaking solutions for the complexities of international money transfers through…
The FBI has created a token as part of an investigation into price manipulation in the crypto market, the government revealed on Wednesday. The Ethereum-based token, called NexFundAI, was developed with the help of “cooperating witnesses” to uncover fraudulent activities in the crypto scene. Market Maker faces charges As part of the investigation, the US…
Cryptocurrencies have become a global phenomenon, and among them, Cardano (ADA) consistently captures the spotlight. With its groundbreaking technology and robust community, Cardano has positioned itself as a major player in the blockchain ecosystem. This article delves into the latest Cardano news, including market updates, price trends, technical analysis, and its potential future trajectory. Understanding…
Financial giant Vanguard is increasingly investing in the crypto industry. The second largest wealth manager in the world now holds shares in two crypto miners worth more than half a billion US dollars. Despite the bear market, the investment has already proven to be very successful. This is how much financial giant Vanguard is investing in the…
The explosive growth of cryptocurrency has brought an unfortunate rise in scams. Scammers continually invent new tricks and catchy phrases to manipulate victims, often taking advantage of limited knowledge, the allure of quick wealth, or the confusion around complex cryptocurrency systems. In this article, we’ll explore the words and phrases commonly used by crypto scammers,…
Crypto exchange Kraken violated sanctions imposed on Iran by the US Treasury Department. As a result, US authorities are now demanding a fine of $362,000. Crypto exchange violates US sanctions on Iran The US Treasury Department has fined San Francisco, California-based crypto exchange Kraken $326,158. This emerges from a document from the US authority . The reason for the…
In recent years, digital currencies have rapidly evolved, and Central Bank Digital Currency, or CBDC, has gained substantial attention as central banks explore new financial innovations. But what is CBDC? Unlike cryptocurrencies like Bitcoin, CBDCs are issued and regulated by central banks, integrating digital innovation with traditional monetary stability. In this guide, we will uncover…
Cryptocurrency trading outfit OKEx has joined the Non-Fungible Token (NFT) bandwagon with the launch of DeFi Hub. This platform will feature a marketplace for all forms of digital collectables and the maintenance of a cross-chain DeFi dashboard. As announced by the exchange, the NFT Marketplace will make it easy for digital content creators and artists to mint their…
The European Central Bank would like to lay the foundation for the publication of CBDC as early as November. However, the preparatory phase that will then be initiated is expected to last over two years. Accordingly, the digital central bank currency will not be released before 2025. Digital Euro: Issuance of CBDC could start in November? The…
In a recent interview with the Times of India, JPMorgan Chief Executive Officer, Jamie Dimon, admitted that he does not care about Bitcoin in direct response to whether the digital currency should be banned or regulated. Dimon noted that he could not seem to place why there is so much fuss around the premier digital currency, adding…
The crypto market is currently valued at over $ 2 trillion and its market cap is forecast to double in the near future. The increasing use of digital assets has led to a growing discussion about regulating the market. According to the International Monetary Fund (IMF), any formulated crypto regulation must be comprehensive, consistent and coordinated. On a blog,…
TFL’s Terra developers fail in court to avoid an SEC lawsuit. The US authority accuses the South Korean company of having committed fraud and selling illegal securities. With founder Do Kwon threatened to be extradited to the US, the lawsuit could end drastically. A fresh verdict in the XRP and Ripple case offered new fuel. Defense lawsuit fails…
Binance cryptocurrency exchange has come under the regulatory radar again, and this time, it is with the United States Commodity Futures Trading Commission (CFTC). According to a Bloomberg report recently, the derivatives regulator is notably investigating the company for possible insider trading and market manipulation. As the world’s largest digital currency trading platform, Binance is believed…
Binance exchange has launched a new service, dubbed the “fixed investment function,” a new addition to the company’s service suite that will help Binance users easily purchase a fixed amount of cryptocurrency within a set time interval. According to the exchange, the service is accessible through the Binance website, as well as the trading platform’s applications…
Not only is the market value of cryptocurrencies increasing, so are the associated risks. Investors need to be protected. While most concerns focus on the highly volatile assets, stablecoins such as Tether (USDT), which are pegged to other currencies, have not escaped criticism either. A recent report by the US President’s Working Group on Financial Markets said stablecoins are a huge risk…
ProShares’ Bitcoin futures ETF will start trading next week, that is according to an amended filing from ProShares (a U.S. provider of specialized exchange-traded products like leveraged, inverse and volatility exchange-traded instruments) indicated on late Friday, October 15. The announcement makes a milestone achievement to the cryptocurrency industry in the U.S. The U.S. Securities and Exchange Commission…
FIT21 is successful in the lower house of the US parliament. Optimists hope that the legal situation surrounding cryptocurrencies in the USA will soon improve significantly. It could be months before the regulation is finally passed. Actual success is not yet certain either. FIT21: How the crypto law could improve the situation in the USA…
Days after flipping Cardano (ADA) to become the fifth top cryptocurrency, Solana (SOL) is not relenting in its quest to scale the heights because it has dethroned Tether (USDT) at the fourth position. Despite Solana being founded in 2017, it has made significant strides this quarter because it recently hit an all-time high (ATH) price of $249. The fourth…
Why should you turn a company into a DAO and how does the modern, decentralized company model work? Bitcoin veteran Erik Voorhees made this move with an established operation. Now he explains his decision. 2021: Voorhees’ ShapeShift becomes a DAO Bitcoin veteran Erik Voorhees founded and ran a swapper called ShapeShift. Services of this type usually allow their…
To demonstrate his love for Bitcoin, President of El Salvador Nayib Bukele revealed the country’s plans to build the first fully functional Bitcoin city. This project is to be financed by a Bitcoin-covered government bond. A city where everything works On the occasion of the Bitcoin Week conference, President Bukele revealed the details of the…
Goldman Sachs is the first major US bank to offer Bitcoin-collateralized cash loans. The financial service provider has already introduced several crypto services in 2022, thereby demonstrating its confidence in the new industry. On April 28, Goldman Sachs announced the launch of its first Bitcoin-collateralized lending offering. This is a significant move by a major US…
This week, the European Parliament (EU) has made significant strides in the field of digital wallets and smart contracts. These developments are important not only for the overall digitalization of the European Union, but also for the field of cryptocurrencies. Of the 545 members present, 418 voted in favor of the digital identity proposal, 103…
Ethereum was invented to allow the execution of short programs and applications in the blockchain. While bitcoin focused on decentralized payments, ethereum created a platform for users to complete transactions by pushing arbitrary code. These short programs deployed on a blockchain are digital contracts, and they execute codes to react to transactions and hold funds…
Rihanna song “Bitch Better Have My Money” is now tokenized — at least to a very small degree. Blame it on producer Jamil Pierre, who converted some of his licensing rights into NFTs on the Ethereum blockchain. Token holders earn from the ongoing revenue generated by the song. Rihanna Tokenizes Song “Bitch Better Have My Money” Rihanna’s…
On Tuesday, American payment company Affirm announced that it plans to launch a debit card that will add cryptocurrency buying and selling functions, allowing users with affirm’s savings accounts to buy and sell cryptocurrencies freely. Affirm Holdings Inc. stated that it is working hard to become the next group of “super apps” globally for banks and technology giants and…
Investor Peter Schiff, who has been against Bitcoin and all other cryptocurrencies for years, supports gold investments and has not given up on this idea despite all his perseverance, announced that he has launched an NFT collection on the Bitcoin network. While the bitcoin and crypto community welcomed Schiff, the famous investor continued to retort, “I’m…
Coinbase releases Wallet As A Service , or WAAS for short. With this step, the US crypto exchange wants to promote the mass adoption of cryptocurrencies. In fact, however, the system seems to have clear pitfalls for end users. Coinbase releases Wallet As A Service Coinbase has recently stepped up its involvement in the crypto industry significantly. Recently, a…
It’s been the year of Ethereum killers, with Cardano, Solana, Polkadot, Avalanche and others hitting new highs and grabbing global headlines. But according to one analyst, one project that’s been overlooked and that could soar before the end of the year is Fantom (FTM). Coin Bureau looked at some of the bullish factors that make…
Another security vulnerability occurs at a wallet manufacturer. This time the Czech company Trezor is affected. This could put around 66,000 users at risk. Just a month ago, a Ledger hack caused a stir. Trezor: This security flaw puts 66,000 users at risk Wallet manufacturer warns users of a security gap. A total of 66,000 people are at risk…
JPMorgan aims to allow investors to pledge a wide range of assets as collateral via its proprietary blockchain. The blockchain network serves as a bridge between institutional investors and decentralized financial platforms (DeFi) of the crypto economy. Last week, US bank JPMorgan successfully conducted a pilot for collateral settlement over its private blockchain network. The company…
Polygon (MATIC) has decided to follow other deflationary networks like Ethereum and Binance Smart Chain (BSC). According to an announcement made on December 14, the EIP-1559 upgrade will be implemented in a polygon test network in Mumbai. EIP-1559 (Ethereum Improvement Proposal) is an upgrade that was part of Ethereum’s London Hark-Fork in August. It limits transaction fees…
A major bank regulator has stated that U.S. officials are working on offering a clearer path to banks and their clients looking to hold crypto assets to maintain control over the rapidly growing assets. Speaking at the Money 20/20 Fintech Conference on Monday, October 25, Jelena McWilliams, the chairperson of the Federal Deposit Insurance Corporation…
Do SEC and Ethereum have an unusually close relationship? Critics claim just that, basing themselves on information about possible collusion. Information from a legal case between the authority and Ripple contradicts this thesis. SEC, Ethereum and Ripple in conflict For months, the SEC has been accused of corruption in dealing with Ethereum . The authority is biased due to affiliations…
Bitcoin (BTC), a digital currency that’s capturing the attention of the world, promises a future where financial transactions may look very different from today. As we explore the multifaceted aspects of Bitcoin—from its pricing volatility, legal challenges, adoption trends, to the environmental concerns of mining and technological advancements—each piece provides insight into the evolving role…
Digital assets manager Osprey Funds has announced a launch of the Osprey Polygon Trust, its fifth investment product of the year. Polygon trust product is available to accredited investors for subscription with a $10,000 minimum investment. The company plans to list the fund on the OTCQX over-the-counter market as soon as possible to remove fees on shares…
After two years of development, Litecoin (LTC) has now activated its long-awaited Mimblewimble upgrade. Mimblewimble is a privacy-focused decentralized protocol that structures and stores transactions on the blockchain. Its main feature is to improve privacy in user transactions on the network. According to a Jan. 31 announcement by the Litecoin Foundation, Mimblewimble has been integrated into Litecoin through the…
Can a CBDC be built on the basis of the Ethereum blockchain? Australia is introducing its eAUD with exactly this plan. The Australian central bank’s project also surprises with a few other details. CBDC in Australia: white paper published While many other countries have been working on their own digital central bank currency for some time, the Australian central…