In an effort to streamline and enhance regulatory compliance in cross-border transactions, the Bank for International Settlements (BIS) has embarked on an innovative initiative known as Project Mandala. Announced on October 28, this collaboration includes the central banks of Australia, Korea, Malaysia, and Singapore, demonstrating a shared commitment to addressing the complexities associated with multi-jurisdictional
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The confluence of traditional anime culture and cutting-edge blockchain technology is coming to life with the upcoming launch of the Ghost in the Shell NFT collection by Animoca Brands Japan. Scheduled for release on October 31, this collection serves as a modern link between the iconic anime franchise, which has its roots in a 1989
The cryptocurrency industry is experiencing a resurgence, particularly as Bitcoin edges closer to previous all-time highs. In this evolving landscape, Cardano (ADA) stands at a critical crossroads reminiscent of its phenomenal rise in 2020 when it witnessed an astronomical growth of over 4,000%. Analysts are now examining the current market dynamics surrounding ADA, with keen
In the ever-evolving world of cryptocurrency, Ripple (XRP) has found itself at a pivotal juncture. Recent price movements reveal a delicate balance between support and resistance, indicating a cautious market sentiment. The bounce from the critical $0.5 support level illustrates a brief moment of optimism; however, such optimism may be fleeting if the market cannot
The collapse of the cryptocurrency exchange FTX has sent shockwaves across the financial landscape, marking one of the most significant scandals in recent U.S. history. As revelations about misappropriated funds and the violation of campaign finance laws came to light, scrutiny intensified not only on the company’s leadership but also on the broader cryptocurrency regulatory
In a significant move for the digital economy, Circle, a prominent stablecoin issuer, has partnered with HKT, a leading force in technology, media, and telecommunications. The two entities have signed a Memorandum of Understanding (MOU) aimed at harnessing the power of blockchain technology to innovate loyalty programs within Hong Kong’s commercial ecosystem. By combining Circle’s
On October 30, 2023, Kraken, a prominent cryptocurrency exchange, disclosed significant layoffs characterized as “organizational changes.” These adjustments are part of a broader strategy aimed at refining business operations and reinforcing a rejuvenated focus on the company’s primary objectives. In conjunction with this announcement, Kraken appointed Arjun Sethi, co-founder of Tribe Capital, as co-CEO, signaling
Recently, the Royal Government of Bhutan made headlines by depositing 929 Bitcoin (BTC) into the Binance crypto exchange, a move that highlighted the country’s growing involvement in cryptocurrencies. This strategic transfer of assets was particularly noteworthy as it occurred shortly after Bitcoin’s price surpassed $70,000 for the first time since early June. Lookonchain, referencing Arkham
Ethereum (ETH), the leading smart contract platform, is currently navigating a pivotal moment in its price trajectory. After finding support around the $2,400 mark, Ethereum has made attempts to surge back towards local highs, with analysts watching closely to see if this momentum will materialize into a breakout. The insights provided by analyst Ali Martinez
In a recent turn of events that has rocked the world of cryptocurrency investment, DWF Labs, a prominent venture capital firm known for its focus on crypto assets, has found itself embroiled in serious allegations concerning an inappropriate incident at a corporate gathering in Hong Kong. A venture capitalist who goes by the name “Hana”
The cryptocurrency market has often been characterized by its volatility, with Bitcoin frequently at the forefront of this upheaval. Recently, Bitcoin has experienced a remarkable upswing, crossing the significant threshold of $73,000. This movement has garnered attention from both seasoned investors and casual observers alike, stirring up hope and speculation about the potential for further
Shiba Inu (SHIB), the second-largest meme cryptocurrency by market capitalization, has witnessed a remarkable upswing recently, reflecting the ongoing bullish sentiments permeating the broader cryptocurrency landscape. Within just 24 hours, SHIB reached a peak price of $0.00001957, marking its highest level in a month. Even though it later retraced slightly to $0.0000189—according to CoinGecko data—it
In a significant development for cryptocurrency enthusiasts, Visa has announced a partnership with Coinbase aimed at introducing instant deposit services for users with eligible debit cards. This collaboration, revealed on October 29, marks a noteworthy advancement in how consumers can engage with digital currencies, enhancing the overall user experience. Cuy Sheffield, Visa’s Head of Crypto,
Recent data reveals a remarkable influx of institutional investment into Bitcoin Exchange-Traded Funds (ETFs), spearheaded by the BlackRock iShares Bitcoin Trust (IBIT). On October 29, the fund experienced inflows totaling $642.9 million, marking the most substantial single-day movement since March 12. This surge propelled the overall net inflows across all Bitcoin funds to $870.1 million,