On October 29, Visa, a heavyweight in the global payments sector, announced a groundbreaking partnership with Coinbase, a leading cryptocurrency exchange. This collaboration promises to facilitate the instant transfer of funds between traditional banking systems and crypto wallets via the Visa Direct network. The implications of this cooperation are significant, as they not only promise
Crypto
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
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
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
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”
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
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,
The cryptocurrency market has shown remarkable volatility in recent days, particularly with Bitcoin’s price fluctuations that have drawn traders’ attention. After experiencing a dramatic drop over the weekend, where it plummeted from a peak of over $69,500 to around $65,000 within a few days, Bitcoin has rebounded impressively. As of now, Bitcoin is trading above
The cryptocurrency market, particularly Bitcoin (BTC), has captured significant attention as analysts project a forthcoming bullish rally. Over the past weekend, Bitcoin exhibited relatively stable trading, fluctuating between $66,500 and $67,500. However, as the new week dawned, BTC demonstrated renewed vigor, breaking through the $68,500 mark. This price movement has ignited excitement among market participants,
In a recent unveiling at the PlanB event in Lugano, Tether CEO Paolo Ardoino shed light on the asset composition of the stablecoin issuer’s reserves. With $5.58 billion in Bitcoin (BTC), $3.87 billion in gold, and nearly $100 billion in U.S. Treasury bonds, Tether’s backing is significant and varied. Speculation arose from Ardoino’s presentation, especially
In an audacious bid to secure its financial future, Japanese investment firm Metaplanet has significantly ramped up its Bitcoin (BTC) holdings, crossing the milestone of 1,000 Bitcoin. This strategy aligns with a broader trend in the finance sector where companies are increasingly turning to cryptocurrencies as a buffer against economic uncertainties. Recently, Metaplanet made headlines
In a shocking twist within the cryptocurrency landscape, Valeria Fedyakina, often celebrated as the “Queen of Crypto,” has found herself at the center of a substantial fraud investigation. Known to her followers as “Bitmama,” Fedyakina has garnered attention in Russia as a prominent influencer in a realm often shrouded in skepticism. Unfortunately, her rise to
The recent settlement between FTX and Bybit marks a significant milestone in the ongoing saga of FTX’s bankruptcy and the quest for asset recovery. Following its catastrophic collapse in late 2022, FTX’s bankruptcy estate launched a series of legal actions aimed at regaining funds for creditors and customers. One of the most contentious suits was
In the ever-fluctuating world of cryptocurrencies, Dogecoin is once again capturing headlines as it surpasses the $0.14 mark, exhibiting a positive shift that some analysts attribute to recent happenings involving Elon Musk. The meme coin, which has become a staple in digital asset discussions, is the highest-performing cryptocurrency among the top ten as of October
