Crypto Market Jumps $32 Billion as ‘Uptober’ Euphoria Takes Hold

The crypto market’s total valuation surged by $32 billion on Oct. 1, triggered by the ‘Uptober’ euphoria. Bitcoin’s price action sought support from the 200-day exponential moving average (200-day EMA) and the 50-day EMA, establishing a 6-week high. Past performance in October — or Uptober — plays in the bulls’ favor, with Bitcoin’s average Uptober […]

Coinbase Secures Major Payment Institution License in Singapore

Coinbase, a digital asset payment service provider, has recently obtained a Major Payment Institution (MPI) license from Singapore’s Monetary Authority (MAS). This license will enable Coinbase to expand its services to Singapore’s retail and institutional customers. The license also exempts Coinbase from the $2.2 million (S$3 million) transaction limit and the S$6 million ($4.4 million) […]

Space and Time and Chainlink Join Forces to Revolutionize Data Verification

Space and Time, a pioneering AI-driven decentralized data warehouse, has announced its integration with Chainlink, a leading Web3 service provider. This partnership will allow Chainlink to use Space and Time’s innovative “Proof of SQL” verifier on its nodes, ensuring trustworthiness in blockchain functions. The Proof of SQL is designed to facilitate verifiable and zk-proven results, […]

Bitcoin Price Surges as Market Speculation Drops

The cryptocurrency market is experiencing a remarkable shift as Bitcoin surpasses the $28,000 mark, with a 70% price increase since the start of the year. Despite this, Bitcoin’s open interest – an aggregate of funds in open futures contracts – is steadily declining, suggesting a decrease in speculative activity. Open interest as a percentage of […]

Bitcoin Surges to Six-Week High, Sparking Investor Optimism for “Uptober

Bitcoin has surged past the $28,400 mark for the first time since mid-August, sparking investor optimism that “Uptober” has arrived. Data indicates that BTC wallets have accumulated billions of dollars in the last month, potentially driving prices even higher.Experts have embraced the bullish outlook as the leading cryptocurrency surged to a six-week high. According to […]

Harvard Business School Examines Ripple’s Business Model Ahead of Potential IPO

Harvard Business School has released a case study on Ripple, a major player in the cryptocurrency world. The study, titled “Ripple: The Business of Crypto Case – An Analysis and Solution”, was crafted by professors David B. Yoffie, Andy Wu, and Sarah von Bargen. It provides an in-depth view of Ripple’s operations and goals, which […]

Chris Burniske: Solana Poised to Outrun Ethereum in New Trend Formation

Chris Burniske, a crypto investor and venture capitalist, believes that Solana (SOL) is about to start outperforming Ethereum (ETH). He shared a chart posted by on-chain analyst Will Clemente, which shows Solana versus Ethereum (SOL/ETH) forming a series of higher lows and higher highs, indicating a potential shift in long-term momentum. Burniske has been bullish […]

Friend.tech Revenue Surges Despite Criticism

Friend.tech, a decentralized social media platform based on Coinbase’s layer-2 protocol Base, has seen a surge in revenue and total value locked on its platform. According to data from Dune Analytics, Friend.tech revenue has reached 10,663 ETH and its TVL has grown to over 30,000 ETH. The platform, which launched in August 2023, enables users […]

Crypto Losses Reach $700 Million in Third Quarter of 2023

The third quarter of 2023 has been the most financially damaging quarter of the year, according to the quarterly report of blockchain security firm CertiK. A total of 184 security incidents occurred in July, August and September, resulting in a loss of over $699 million in crypto assets. Private key compromises were the most damaging, […]

Zuger Kantonalbank Launches Direct Crypto Trading for Customers

The Zuger Kantonalbank is the first cantonal bank in Switzerland to offer customers direct access to Bitcoin, Ether and other crypto-assets. The bank is partnering with Sygnum to launch trading and storage of crypto-assets immediately, allowing them to take the lead among cantonal banks. Customers will have access to the crypto-world without leaving their usual […]