Shiba Inu’s Layer-2 scaling solution, Shibarium, has seen a surge in popularity with over 634,000 active addresses. The platform boasts 600,000 active wallets and facilitates over 700,000 transactions. In the past 24 hours, an impressive 52 million SHIB tokens were destroyed, effectively reducing the circulating supply. The public launch of Shibarium is responsible for the […]
Bitget, a top derivatives cryptocurrency exchange and copy trading platform, has unveiled a major upgrade to its API connecting to Koinly’s tax reporting platform. This upgrade was shaped by feedback from the platform’s users and is designed to simplify and accelerate the process of cryptocurrency taxation.Koinly supports over 20,000 tokens, 170 chains, and 400+ exchanges, […]
Amidst a series of rapid developments, the XRP cryptocurrency market has experienced heightened activity. Whale Alert reported a significant transfer of 66,666,659 XRP (approximately $33,065,809) from Binance to an undisclosed wallet, sparking speculation about its potential impact and its proximity to the $1 price point. Ripple has also placed substantial XRP amounts into secure escrow […]
The U.S. Securities and Exchange Commission (SEC) has filed a confidential, sealed motion in its ongoing case against Binance, causing a stir in the cryptocurrency world. This rare move by the SEC has triggered substantial market turmoil, with prices of Bitcoin, Ethereum, BNB, XRP, Cardano, and more fluctuating. Industry insiders are predicting a rollercoaster ride […]
Tether (USDT) is the leading stablecoin by market cap, but it has been deviating from its peg in times of heightened volatility. Kaiko Data recently proposed a new measure termed “depeg severity” which correlates to the total trade volume of a stablecoin. As the trading volume escalates, the threshold for a depeg event decreases. USDT […]
Mitsubishi UFJ Financial Group (MUFG), Japan’s largest bank, has announced a strategic partnership with Ginco, a blockchain startup, to introduce an enterprise wallet solution and facilitate MUFG’s crypto asset trust services. This marks MUFG’s return to the cryptocurrency arena after facing regulatory challenges. MUFG’s Progmat platform has played a pivotal role in establishing MUFG’s presence […]
Kava Chain, a decentralized Cosmos-Ethereum interoperable Layer 1 blockchain, is now available on Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain. This integration will enable safe and secure access for Fireblocks customers to the expanding Cosmos DeFi ecosystem via the Kava Chain. Fireblocks customers will be able […]
Chainlink, a Web3 services provider, has partnered with SWIFT, the global interbank messaging giant, to successfully facilitate tokenized asset transfers across multiple blockchain platforms. This breakthrough has the potential to remove obstacles slowing down the growth of the global tokenized asset market. The collaboration was announced last June, involving firms like BNP Paribas, BNY Mellon, […]
Borroe ($ROE) is a peer-to-peer ecosystem that offers a secure and transparent fundraising process. It uses blockchain technology, artificial intelligence risk assessment methods, and seamless payment solutions to enable businesses and individuals to access quick cash flow by leveraging their validated future earnings. The price of Borroe ($ROE) increased by 25% from $0.0100 to $0.0125 […]
Ripple executives have recently applauded the US court for proving that the SEC is out of control and consistently wrong on the facts and the law regarding the cryptocurrency market. The SEC has lost three crypto-related battles in two consecutive months; against Grayscale, Uniswap, and Ripple. Ripple’s Chief Legal Officer, Stuart Alderoty, highlighted that the […]
