Ripple Labs has been actively expanding its presence in Canada, collaborating with the University of Toronto and the University of Waterloo. The University of Waterloo has been researching Central Bank Digital Currencies (CBDCs) built upon the XRPL, and is set to unveil a prototype of a banking interface at UBRI Connect 2023. Ripple Labs has […]
The Shiba Inu (SHIB) token has experienced a 1% decline in value over the past 24 hours, disappointing holders who were expecting a surge in price after the launch of Shibarium. Over the past weeks, the team behind Shiba Inu has taken steps to reintroduce the Shibarium layer 2 network to the public, but the […]
Canaan, a Bitcoin mining company listed on the NASDAQ, reported its unaudited financial results for Q2 2023. The company saw growth in computing power sold and BTC mining revenues, but faced a significant net loss of $110 million. Revenues for Q2 2023 totaled $73.9 million, up from $55.2 million quarter-on-quarter. This consisted of $57.9 million […]
Bitcoin (BTC) has been struggling to stay afloat at $26,000 and continues to face selling pressure amid weakening technical indicators. As of press time, Bitcoin is trading at $25,972 with a market cap of $505 billion. The tightening Bollinger bands signal an impending breakout, often observed before significant price movements. However, concerns persist that the […]
VC Spectra (SPCT) is a decentralized hedge fund that is revolutionizing the crypto investment world. It offers a platform that bridges advanced investment opportunities with those with minimal industry insights. SPCT is a BRC-20 token created on the Bitcoin blockchain, and it offers a range of benefits to its holders, such as quarterly dividends, buybacks, […]
Mastercard has recently announced a new blockchain-based scheme, sparking optimism among the public. Polytrade, a company specializing in invoice financing, has showcased the possibilities of the new technology. The new blockchain-based scheme is expected to revolutionize the way businesses and individuals interact with each other. It is believed that the technology will make transactions faster, […]
Canaan Inc. (NASDAQ: CAN), one of the leading Bitcoin mining companies, has reported its unaudited financial results for Q2, 2023. The company saw its total revenue rise to $73.9 million, a 33.7% increase compared to Q1, 2023. Revenue from BTC mining also jumped 43.3% quarter-on-quarter, from $11.1 million to $15.9 million.Canaan CEO Nangeng Zhang commented […]
The US and EU have imposed sanctions on Russia after it invaded Ukraine last year, banning the acquisition, import, or transfer of coal and other solid fossil fuels. Digital Currency Group (DCG) is now moving towards resolving the financial challenges of its crypto lending subsidiary, Genesis. An in-principle agreement has been reached which could lead […]
Hong Kong’s Hashkey Exchange has recently upgraded its license to offer services to retail investors, allowing them to trade Bitcoin (BTC) and Ethereum (ETH) directly with US dollar deposits. The exchange projects that 500,000 to 1 million users could sign up on the platform by the end of the year.The decision to embrace crypto trading […]
Binance, the world’s largest crypto exchange, has removed Banco de Venezuela from its peer-to-peer (P2P) trading service. This follows similar moves with sanctioned Russian banks last week, and is likely part of efforts to comply with international financial sanctions. Banco de Venezuela is one of the largest financial institutions in the country, and was sold […]
