In the past 24 hours, the crypto market has seen a major shakeup, resulting in $114.92 million in liquidations, mostly in short positions. Major exchanges such as OKX, Binance, and Huobi were the hardest hit. Bitcoin was the main driver of these liquidations, but the tides are turning. After staying below $27,000 for over a […]
The cryptocurrency market has seen a surge in prices recently, with Bitcoin (BTC) and XRP – Ripple’s native token – being amongst the biggest gainers. ChatGPT, an AI-powered language model, has weighed in on the question of whether XRP has a chance to outperform BTC during the next bull run.ChatGPT believes that XRP has technical […]
Friend.tech, a social application built on top of the Base Layer 2 network, has seen tremendous growth in revenue since its launch on August 10. In less than two months, the platform has reaped about $10,684 in ETH. According to Dune Analytics, the cumulative revenue has exceeded $18.4 million, with sniper bots in the Friend.tech […]
RINO, a company run by long time Monero enthusiasts and crypto entrepreneurs, has announced that its enterprise wallet is now free to use. The wallet enables financial industry best practices such as spending limits and four-eye approvals. Organizations can now sign up instantly and get started without having to deal with sales people or subscription […]
XRP has been reinstated to the TaiFu™ 30 Crypto Index, with a weighted share of 2.756%. This follows a crucial legal ruling in July, dispelling the SEC’s claim of XRP being a security, and leading to its re-listing on major exchanges. The SEC lawsuit in December 2020 had a cataclysmic effect on XRP, leading to […]
The U.S. dollar has surged to its highest point in ten months against a range of major currencies, driven by the Federal Reserve’s unwavering commitment to raising interest rates and maintaining them at elevated levels, as well as the steady rise in benchmark 10-year Treasury yields. This surge has caused the euro to approach a […]
Grayscale Investment is set to convert its Grayscale Ethereum Trust to a spot Ethereum spot ETF, following the clearance of the first Ethereum ETH futures exchange-traded fund (ETF). The New York Stock Exchange Arca filed for the conversion with the United States Securities and Exchange Commission (SEC) on Oct. 2. The existing Trust invested in […]
UBS Asset Management has launched a live pilot of a tokenized version of its Variable Capital Company (VCC) fund as part of Project Guardian, an initiative led by Singapore’s central bank. This new release upgrades the RWA-focused blockchain consensus to nominated proof-of-stake (NPoS) and aims to improve on-chain liquidity for both borrowers and fintech lenders.Proof-of-work […]
As the first week of October begins, the cryptocurrency world is abuzz with events that could have a major impact on the markets. On Monday, October 2, Federal Reserve Chair Jerome Powell and Philadelphia Fed President Patrick Harker will have a round-table discussion that could affect the crypto markets. Later in the week, the high-profile […]
Coinbase has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), allowing it to expand its payment services in the country. This license will enable the exchange to provide digital token services to Singaporean individuals and institutions. Coinbase has also expressed its readiness to support Singapore’s local crypto and web3 […]
