Gold 24K AED 525.24/gUSD/AED 3.6725USDT/AED 3.6720AED/INR 26.03All live rates →

A trader updates the outlook for an Altcoin that has increased by over 1,000% year to date and charts the future course of Bitcoin

A well-known cryptocurrency trader and expert is providing his prediction on a digital token that stands in for real world assets, or traditional and actual financial assets (RWA).  On the social media site X, the trader going by the nickname Altcoin Sherpa informs his 213,700 followers that cryptocurrency assets falling under the RWA category are … Read more

GSR, a Crypto Market Maker, Gets a License in Singapore

This is the first license that Singapore has given to a cryptocurrency market maker. The Monetary Authority of Singapore (MAS) has granted a Major Payment Institution license to cryptocurrency market maker and liquidity provider GSR. Currently, GSR possesses the license for Singapore’s Digital Payment Token Service, allowing businesses to purchase and trade “digital payment tokens,” … Read more

Digital securities sandbox for DLT testing is launched by the Bank of England and the FCA

The first batch of applications for the Digital Securities Sandbox is expected to join in the fall of 2024, according to the Financial Conduct Authority and the Bank of England. In order to enable participants to test distributed ledger technology (DLT) for trading and settlement of digital securities like shares and bonds, the Bank of … Read more

The market share of Lido for Ethereum staking falls below 30%.

The Ethereum staking platform Kiln (3.5%) and the cryptocurrency exchanges Coinbase (14.04%) and Binance (3.75%) are other well-known organizations supporting the ETH staking ecosystem. Lido’s market share dropped from 32% in December 2023 to 29.57% due to the recent flood of Ether stakers, allaying worries about Lido’s increasing impact on the ecosystem. Due to the … Read more

In India, During the Meme Coin Frenzy on the Premier Domestic Platform, Shiba Inus Outperform Bitcoin

In India, During the Meme Coin Frenzy on the Premier Domestic Platform, Shiba Inus Outperform Bitcoin

Meme tokens like Floki (FLOKI) and Shiba Inu SHIB/USD Pepe (PEPE) have drawn the interest of Indian investors and are presently king of the trading scene on WazirX, one of the country’s top cryptocurrency exchanges.  What transpired was an intriguing turn in the cryptocurrency market: all five of the most traded tokens on WazirX in … Read more

GURBIR GREWAL REFLECTED ABOUT CRYPTO-INDUSTRY COMPLIANCE EFFORT

Cryptonite UAE

In a recent speech, Gurbir Grewal spoke at the annual “SEC Speaks” conference hosted by the U.S. The shortcomings of the current compliance implementation methods in the bitcoin business were highlighted by the Securities and Exchange Commission (SEC).  Speaking during the two-day event hosted by the Practicing Law Institute, he expressed his admiration for the … Read more

The price of Bitcoin Cash dips during the second-ever halving event

Cryptonite UAE

Prior to the halving, there was conjecture, as evidenced by the rise in price of Bitcoin Cash of 147.85% during the previous three months. It had a little decline prior to the event, but it rapidly rebounded. Following the completion of the blockchain’s second halving, which saw mining incentives cut in half, Bitcoin Cash experienced … Read more

Bitcoin’s Realized Cap Breaks ATH Due to Unprecedented Capital Inflows

Bitcoin's Realized Cap Breaks ATH Due to Unprecedented Capital Inflows

Due to the extraordinary rates at which capital has been pouring into the coin, on-chain data indicates that the Bitcoin Realized Cap has reached a new all-time high (ATH). The $540 billion mark was recently crossed by the bitcoin realized cap.The on-chain analytics company Glassnode covered the current movement in the “Realized Cap” of Bitcoin … Read more

Braving the Storm: According to data, Owning Bitcoin ($BTC) Was Profitable on 99.92% of Days

Braving the Storm: According to data, Owning Bitcoin ($BTC) Was Profitable on 99.92% of Days

The last six months have seen a price increase of over 140% for Bitcoin ($BTC), which has made holding the cryptocurrency profitable for most investors. Based on current prices, just 0.16% of the trading days in the last 3,732 have seen losses for investors. This tenacity emphasizes the strategic benefit of keeping Bitcoin during erratic … Read more

A $100 million cryptocurrency fund was announced: Here are some details

A $100 million cryptocurrency fund was announced: Here are some details

One of the biggest names in bitcoin investing, Galaxy Digital, is getting ready to open a $100 million fund that will be used to finance early-stage cryptocurrency businesses. As part of Galaxy’s venture capital franchise, the fund, named Galaxy Ventures Fund I, LP, will be merged into the company’s asset management division in 2023. Over … Read more

About  ·  Contact  ·  Privacy Policy  ·  Editorial Policy  ·  Advertise  ·  Newsletter
Follow: X  ·  LinkedIn  ·  Instagram  ·  Binance Square  ·  CoinMarketCap  ·  Gate