TL;DR President Joe Biden said he will not compete in the US presidential elections, endorsing vice president Kamala Harris as the Democratic nominee, with significant party support. The disclosure caused volatility in the cryptocurrency market, with Biden-related meme coins dropping and a Harris-related token surging by nearly 90%. The Biden Effect The current President of […]
[PRESS RELEASE – Toronto, Canada, July 21st, 2024] A new study reveals some Canadian crypto platforms charge up to 19x more in fees RankFi, an independent comparison platform, has released its latest study on cryptocurrency exchange fees, highlighting substantial cost differences among 18 Canadian trading platforms. This comprehensive analysis aims to help crypto investors find […]
[PRESS RELEASE – Hong Kong, Hong Kong, July 21st, 2024] SoMon, a decentralized Web3 forum with a vision to create a space for user-owned content and connections, recently launched its app on Base and has already gained more than 300,000 on-chain transactions in 14 days since its launch, making it the most active and fastest-growing […]
Following a minor rejection near the $0.64 resistance zone, the price retraced to the broken 200-day moving average, validating the bullish breakout. This movement signifies a positive market sentiment, with the price targeting a reclaim of the $0.64 resistance. XRP Analysis By Shayan The Daily Chart A thorough analysis of the daily chart reveals that […]
Bitcoin’s recovery is going well, and the market is seemingly on the verge of creating a new all-time high in the short term. Technical Analysis By TradingRage The Daily Chart As the daily chart depicts, Bitcoin’s price has been rallying since it rose above the 200-day moving average. The market has also reclaimed the $60K […]
State Street Corp., a Boston-based major player in traditional finance, is exploring the launch of its own stablecoin and tokenized deposits to improve payment settlement using blockchain technology. According to a Bloomberg report on Wednesday, the bank has been actively making efforts to integrate into the crypto space. State Street Is Pushing for Digital Expansion […]
Three individuals have been arrested by the Hong Kong police suspected of defrauding a businessman out of HK$3.11 million, worth around $399,000, in crypto assets by offering him three bundles of counterfeit HK$1,000 banknotes. The officers reportedly confiscated 10,978 fake HK$1,000 banknotes during a raid on the Mong Kok office, where the fraudulent transaction took […]
Kraken Institutional, the specialized division catering to institutional investors of US-based crypto exchange Kraken, has announced the international expansion of its custody services into the UK and Australia. This move marks its first venture following its initial launch earlier this year. Kraken Custody’s Expansion According to the official press release, institutional clients in the UK […]
The first half of 2024 was more than successful for Bitcoin (BTC), whose price reached an all-time high of over $73,500 in mid-March. It currently trades for an increase of around 115% on a yearly scale. In the following lines, we will touch upon some essential factors and upcoming events that could push BTC to […]
Singapore-based cryptocurrency exchange – Bybit – has released its 12th proof of reserve (PoR) report, which highlights significant changes in user asset holdings compared to the previous month. The current PoR revealed a Bitcoin reserve ratio of 107%, Ether’s at 105%, and Tether’s at 103%. Bybit’s 12th PoR The report shows that Bybit’s wallets held […]