South Korean crypto venture capital firm, Hashed Ventures, is expanding its global footprint by establishing a presence in Abu Dhabi. This strategic move marks a significant development in the United Arab Emirates’ (UAE) growing reputation as a crypto-friendly hub. The expansion involves a partnership with Hub71, Abu Dhabi’s global tech ecosystem. According to Bloomberg, Hashed … Read more
The cryptocurrency world is buzzing after a whale, an investor holding a significant amount of a coin, withdraw $20 million worth of Litecoin (LTC) from Binance, a major crypto exchange. This has some analysts wondering if it’s a bullish sign for Litecoin’s price. Proponents of a bullish interpretation argue that the withdrawal suggests the whale … Read more
Buckle up, crypto enthusiasts! While Bitcoin (BTC) has been dipping recently, hitting around $60,000, analyst Cody Buffington remains optimistic about the future of altcoins. He predicts an impending altcoin season, fueled by on-chain data and historical market trends. Buffington sees the current Bitcoin price as a test for investors. How BTC behaves around its support … Read more
While Bitcoin and Ethereum prices remain volatile, there are signs that traders are becoming less bearish. According to a report by crypto analytics firm Kaiko, the put-call ratio for both major cryptocurrencies has declined in June after a surge in May. The put-call ratio is a key metric used to gauge market sentiment. It compares … Read more
A recent survey has revealed that a significant portion of South Korean university students are actively investing in cryptocurrency. The findings indicate that 40% of respondents have invested in cryptocurrencies, with Bitcoin, Ethereum, and altcoins being the most popular choices. This trend highlights the growing interest in digital assets among younger generations in South Korea. … Read more
Hong Kong is making significant strides in establishing itself as a major player in the cryptocurrency and blockchain space. Recent developments indicate a strong focus on decentralized finance (DeFi) and the metaverse, signaling a potential shift in the global crypto landscape. Government Support for Crypto Innovation The Hong Kong government has expressed a clear interest … Read more
The Telegram-linked blockchain, TON, is experiencing a surge in Tether (USDT) adoption, with circulation surpassing $500 million. This milestone comes just two months after Tether introduced both its gold-backed XAUT and dollar-backed USDT stablecoin on the TON network. Analysts attribute the rising demand to USDT-TON’s ease of use. “[It allows] sending digital dollars to anyone, … Read more
Crypto exchange Bitget and Singaporean investment firm Foresight Ventures are joining forces to launch a $20 million fund dedicated to the Telegram Open Network (TON) ecosystem. This fund aims to fuel innovation within TON, a platform that bridges the gap between blockchain technology and the widely used Telegram messenger. The core focus of the $20 … Read more
The Global Digital Asset Classification Committee (Global DCA), a prominent standard-setting organization in the cryptocurrency industry, has established a subcommittee tasked with developing a comprehensive disclosure framework for crypto assets. This move signifies a growing focus on transparency and investor protection within the crypto space. What is the Global DCA? The Global DCA plays a … Read more
Stacks (STX), the cryptocurrency that powers the Stacks blockchain, has experienced a significant surge in price over the past day. According to CoinMarketCap data, STX is currently trading at around, representing an increase of roughly 8% within the last 24 hours. This positive movement comes after a period of relative stagnation for the token. The … Read more