Binance, the world’s leading cryptocurrency exchange by trading volume, has published its 12th audit of reserves. The report, conducted on January 01, reveals that all coins held by customers on the exchange are 100% backed. The reserves include 597,658.074 Bitcoins (BTC), 4,265,238.882 Ethereum (ETH), nearly 32 million BNB, and USDT stablecoins amounting to 16.85 billion, […]
April 2024 is set to be a critical month for Ripple and its digital currency, XRP, as they face significant legal battles with the SEC and Zakinov. These legal proceedings are expected to shape the future of Ripple and XRP, highlighting the challenges within the cryptocurrency landscape.Ripple enthusiasts are keenly watching the evolution of the […]
A recent survey has revealed that nearly half of the employees at the combined UBS-Credit Suisse are apprehensive about their job security. The survey, conducted by eFinancialCareers at the end of 2023, found that 43.2 percent of UBS bankers are worried about losing their jobs. This level of job insecurity was only surpassed by employees […]
Blackrock has responded to the SEC’s comments by making two minor updates to its S1 filing. This follows the SEC’s response to several applicants for a Bitcoin ETF, which included additional comments. The amendments were submitted on the morning of January 9.The changes made to the document are minor, suggesting that this could be the […]
The altcoin, ADA, has experienced a significant price drop after ending 2023 with a 12-month high of $0.6755. Despite this, investors remain optimistic that the altcoin will reach a new year high above this figure.Since the beginning of the month, ADA has seen a consistent increase in trading volume. This rise has coincided with increased […]
The XRP Ledger has achieved a significant milestone, surpassing 5 million active addresses. This development is a testament to the enduring presence of XRP among altcoin investors. The number of XRP holders and traders has been steadily increasing since mid-2023, and the cryptocurrency is now posting gains in its 24-hour price after a week of […]
The cryptocurrency landscape has witnessed a significant development with the listing of WisdomTree and VanEck’s Bitcoin ETFs on the Depository Trust & Clearing Corporation (DTCC). This event has sparked speculation about a potential ‘sell the news’ impact, which could see Bitcoin prices fluctuating between $35,000 and $55,000.The U.S. Securities and Exchange Commission’s (SEC) approval of […]
Ripple, a prominent player in the digital financial market, has seen a significant increase in sales during December. The company sold approximately 238 million units of its cryptocurrency, XRP, equivalent to $142 million. This figure is more than three times the company’s average monthly sales, sparking widespread interest and debate about Ripple’s future strategies.The company’s […]
Cryptocurrency wallet firm imToken has been included on the Investor Alert List (IAL) by the Monetary Authority of Singapore (MAS). The IAL is used to caution investors about potentially dubious platforms. In response, imToken announced on X (formerly Twitter) that it was blacklisted in Singapore due to its headquarters being located there, despite not having […]
In a surprising turn of events, TRON has taken the lead in the list of cryptocurrencies with the most active daily addresses, boasting 1,643,580. This places it ahead of Bitcoin, which has 867,570 active addresses, and Litecoin, which comes in third with 754,272 active daily addresses.Cryptocurrencies are a dynamic and ever-evolving field, often likened to […]
