Ripple – the company behind the popular cryptocurrency XRP – has announced that it acquired an enterprise-grade regulated platform for digital assets called Standard Custody & Trust Company. According to the official announcement, the move is aimed at underscoring Ripple’s commitment to regulatory compliance. Speaking on the matter was Monica Long, Ripple President, who said:...Read More
[PRESS RELEASE – Willemstad, Curaçao, February 13th, 2024] EarnBet.io, an online crypto gambling platform today proudly announces that it has processed over $1 billion in bets and transferred millions of dollars in rewards and cashback to its users and token holders, showcasing its dedication to player satisfaction and innovation Since 2017, EarnBet has distinguished itself...Read More
Tom Lee, a notable figure in the cryptocurrency space, has identified the launch of Bitcoin exchange-traded funds (ETFs) as a key catalyst for driving Bitcoin’s price higher. These ETFs are a big deal because they make it easier for regular people to invest in Bitcoin through their usual investment accounts. ETF: Making Bitcoin Accessible ETFs...Read More
Nym Technologies has secured a grant from the ZCash Community Grants, extending the metadata privacy safeguards of the Nym mixnet to the Zcash ecosystem. The Nym mixnet serves as a layer-0 privacy infrastructure. It is compatible with any blockchain and can seamlessly integrate to conceal traffic, safeguard privacy, and enhance the security of both users...Read More
Bitcoin surged above $50,000 for the first time since December 2021, which is more than two years ago. The crypto asset broke multiple resistance levels along the way. However, sustaining this psychologically significant threshold proved challenging, as Bitcoin retraced to the $49,800 mark on Tuesday. There’s a crucial resistance level at play that could induce...Read More
Shiba Inu – one of the most popular meme coins on the market – has seen some notable increases in important on-chain metrics of Shibarium. The latter is an L2 built on Ethereum designed to service the needs of the Shiba Inu ecosystem. According to on-chain data from Shibariumscan, the number of daily transactions has...Read More
The lawsuit between the United States Securities and Exchange Commission and Ripple Labs is approaching a decisive phase. Scheduled for April 23rd, 2024, the trial will resolve one of the longest-standing legal conflicts in the industry and also one that will most likely have a considerable impact on the entire field. Most Recent Ripple v....Read More
The ad was launched less than a week after US President Joe Biden was accused of killing the US dollar by Russia’s President Vladimir Putin in a recent interview. In its latest ad released on Feb.12, Coinbase used an animated Abraham Lincoln on a penny (or 1-cent coin), saying that it used to mean something....Read More
The verdict in Changpeng Zhao’s court battle with the United States government will be delayed, according to a notice filed in a Seattle court. CZ, who pleaded guilty to violations of AML procedures, was allowed to remain out of custody until his sentencing in exchange for a bail bond of $175 million. A further $15...Read More
Investments in digital assets surged by $1.1 billion, bringing the year-to-date total to $2.7 billion. With the recent market recovery and subsequent price hikes, the total assets under management (AuM) have reached their highest point since early 2022, hitting $59 billion. According to Coinshares’ latest edition of Digital Asset Fund Flows Weekly Report, Bitcoin dominated...Read More
After entertaining the possibility of restarting FTX following the bankruptcy process for a long time, lawyers for the defunct exchange have announced that that plan is now scrapped, and the company will simply dissolve once all debts are paid off. Andrew Dietrich, one of the lawyers representing FTX in the court case, stated that although...Read More
Two top executives of Swiss-based cryptocurrency custody provider Metaco have reportedly departed the firm less than a year after landing an acquisition deal with blockchain solutions company Ripple. According to a CoinDesk report citing a Ripple spokesperson, Adrien Treccani, Metaco’s founder and CEO, and CPO Peter DeMeo have left the firm. Metaco is yet to...Read More
Many industry experts have given their two cents on the future of the crypto market in the next 12 months, and most of them lean bullish. The most common reason is Bitcoin. In April 2024, the cryptocurrency will go through its pre-programmed halving, which will slash block rewards in half. This means that the supply...Read More
The upcoming Bitcoin (BTC) halving is likely a bullish development, but a slew of outside factors mean it likely won’t play out the same as in previous years, according to Grayscale. Last month, the company successfully converted its Grayscale Bitcoin Trust (GBTC) into the world’s largest Bitcoin ETF. The introduction of such ETFs, according to...Read More
In the dynamic realm of digital currencies, a new contender, Pandoshi, is swiftly capturing the spotlight as it gears up for its eagerly awaited market debut. With its roots deeply embedded in the principles of decentralization and community governance, Pandoshi is not just another name in the vast sea of cryptocurrencies; it’s a game-changer poised...Read More
Farcaster, an Ethereum Layer 2 Optimism-based decentralized social protocol, has seen its total revenue surge to $600,000. The platform’s rise has been likened to FriendTech, another decentralized social network, which attracted a lot of users initially until it grappled with high fees that led to its failure. Farcaster’s Growth Surges with Frames Integration Farcaster initially...Read More
Web3 omni-chain interoperability platform Analog has achieved a funding milestone, raising $16 million to advance its data accessibility and cross-chain communication plans. According to a press release seen by CryptoPotato, Analog intends to become a one-stop shop for blockchain interoperability in the web3 space. Analog Raises $16M to Further Operations The funding round involved participation...Read More
A trader has recently managed to make a substantial profit of $59,000 in just 11 hours from an initial investment of 1 Ethereum (ETH), valued at $2,500. The trader managed to do this by leveraging the MINER token based on the ERC-404 token standard and using strategic high-gas transactions. The Trader’s Strategy Lookonchain Analytics shared...Read More
TLDR After a brief dip, market experts predict XRP will cross the $0.8 price mark by the end of 2024. Rebel Satoshi (RBLZ) has piqued the interest of investors before its entry into Recusants Round 5. Rebel Satoshi has proven its growing adoption and popularity after raising close to $1.9 million in its presale. Traders...Read More
Still far short of its 2021 peak of almost $69,000, Bitcoin has been steadily climbing higher despite the ETF-induced correction. This week, it surpassed $48,000 and $49,000, a level not seen in nearly two years, with the $50,000 target now in focus. However, data suggest that there’s a crucial hurdle that Bitcoin needs to overcome...Read More
Nine newly launched spot Bitcoin ETFs have collectively accumulated 216,309 Bitcoins (worth $10.3 billion) in just 21 days after launching. According to HODL15Capital, the Bitcoin collection now surpasses the holdings of MicroStrategy, which owns 190,000 BTC, having begun accumulating portions of the asset in August 2020. Bitcoin ETFs Accumulate Substantial Holdings The ETFs, BlackRock (IBIT),...Read More
Leading altcoins Shiba Inu and Litecoin are off to an encouraging start, with Shiba Inu’s metrics particularly generating excitement among analysts, who anticipate a forthcoming price rally. Meanwhile, the proof-of-work cryptocurrency, Litecoin, is also showing signs of recovery. Yet, it’s Scorpion Casino (SCORP) that’s currently dominating headlines, drawing attention with its daily USDT rewards, enticing...Read More
On Feb. 12, Mechanism Capital partner Andrew Kang predicted that long-term Bitcoin demand flows this year would be between $40 billion and $130 billion. There is a huge amount of global wealth and income that could potentially flow into crypto, he said, stating that the global aggregate income is around $52 trillion. Current crypto ownership...Read More
In January, the crypto venture capital landscape saw a significant uptick in investment projects. According to Wu Blockchain’s report leveraging RootData’s statistics, there were 113 publicly disclosed investment projects, marking a notable increase of 10.8% compared to December 2023 and a steady year-on-year rise of 1.8% from January 2023. $650 Million Raised Among the diverse...Read More
Bitcoin has jumped by 10% and is close to marking a fifth consecutive bullish day this week. With such a bull run in the biggest cryptocurrency in age and market cap, the overall market trend is improving. Under market recovery, the meme coins are prepping for massive gains in the coming season of high bullishness. ...Read More
The South Korean government is taking extra steps to ensure the protection of crypto investors from unfair market activities and criminals by imposing higher fines and punishments for violations of certain provisions. According to a press release, crypto criminals face jail terms of more than a year or a fine equal to three to five...Read More
CleanSpark Inc., a prominent participant in the Bitcoin mining industry, has unveiled plans to increase its operating hash rate. The company aims to double its hash rate in preparation for the upcoming Bitcoin halving event. In light of this, the firm has revealed strategic acquisitions and expansion initiatives to enhance its mining capabilities and geographic...Read More
On Feb. 9, Ark Invest reported that its ARKB ETF had crossed $1 billion in Bitcoin holdings. “This isn’t just a number – it’s a testament to the growing trust and interest in digital assets,” it stated. The milestone was also commented on by Bloomberg ETF analyst James Seyffart, who said it suggests that Ark...Read More
On Tuesday, the Solana network experienced five hours of unusability. Validators, crucial components of Solana’s infrastructure responsible for processing and validating blockchain transactions, restarted the network before 10 am Eastern Time. Solana Labs attributed the recent five-hour blockchain downtime on February 6 to a bug that made transactions enter an infinite loop. The Post-Mortem According...Read More
Bitcoin’s price is poised for an upcoming rally this year, and the best scenario can take the asset to above $100,000 for the first time ever, said the CEO of CryptoQuant – Ki Young Ju. To do so, though, certain developments have to transpire, which are mostly related to the recently approved spot Bitcoin ETFs...Read More