Kraken, a leading crypto exchange, has recently announced a groundbreaking partnership with Tottenham Hotspur, one of England’s most iconic football clubs. This collaboration is set to elevate the fan experience for both Tottenham Hotspur’s men’s and women’s teams in the upcoming 2024/2025 football season. By becoming the official sleeve partner for the club, Kraken aims
Crypto
The ever-changing landscape of the cryptocurrency market has led to a surge in optimism surrounding the future price of Bitcoin. Experts such as Andrew Kang from Mechanism Capital believe that Bitcoin could potentially reach a price level of over $1 million in the mid-term. Despite facing some market structure challenges in the past, Bitcoin is
Over the past seven days, the cryptocurrency market has seen significant growth, with the total capitalization reaching $2.55 trillion, an increase of over $150 billion. While Bitcoin was not the top performer, it still made waves with an impressive surge of 11% during this period. Since July 14th, Bitcoin has been on a mostly upward
In a recent development in Hong Kong, three individuals were arrested by the police on suspicion of defrauding a businessman out of HK$3.11 million in crypto assets. The fraudulent scheme involved offering the victim three bundles of counterfeit HK$1,000 banknotes. During a raid on the Mong Kok office where the transaction took place, the officers
State Street Corp., a well-established financial institution based in Boston, has been making significant strides in the world of blockchain technology. One of their initiatives includes exploring the launch of their stablecoin and tokenized deposits to enhance payment settlement processes. This move is in line with their efforts to integrate into the crypto space and
Kraken Institutional, the specialized division catering to institutional investors of US-based crypto exchange Kraken, has announced the international expansion of its custody services into the UK and Australia. This move marks its first venture following its initial launch earlier this year. According to the official press release, institutional clients in the UK and Australia can
In the past week, the price of bitcoin (BTC) has shown signs of a significant rally, indicating that the crypto asset may have hit a bottom. After a period of losses, bitcoin has managed to climb back up to $67,000, although it is currently trading at around $64,000. This recovery comes as on-chain metrics point
In the realm of cryptocurrency, dog-themed meme coins have emerged as a significant trend in 2024. These coins, such as Dogecoin (DOGE) and Shiba Inu (SHIB), have experienced exponential growth, capturing the attention of both seasoned traders and newcomers to the market. The rise of these meme coins can be attributed to their strong communities
In recent months, trading volume on centralized exchanges has seen a significant decline, with June marking the third consecutive month of diminishing activity since March. According to a report by CCData, the combined spot and derivatives trading volume across these platforms amounted to $4.2 trillion, down from a peak of $9 trillion recorded in March.
Shiba Inu, a popular meme coin, has recently experienced a significant increase in its burn rate, with a staggering 450% surge in the past 24 hours. This spike has resulted in nearly 50 million tokens being sent to a null address, ultimately reducing the circulating supply of SHIB. While the USD equivalent of this burn
Ethereum experienced a positive week, closing with a 12% price increase. This notable recovery was fueled by a market-wide rally that allowed ETH to establish $3,300 as a crucial support level. The newfound base sets the stage for potential growth, with $4,000 identified as the next target and resistance level. Despite encountering rejection at this
When it comes to deciding on political support, Ethereum co-founder Vitalik Buterin advises against solely focusing on a candidate’s pro-crypto views. He stresses the significance of broader values such as individual freedoms and technological advancement. Buterin warns that honing in exclusively on cryptocurrency could potentially undermine the foundational principles that inspired the industry’s movement. Buterin
BlockFi, a bankrupt crypto lender, has announced a significant step towards repaying its clients. The company mentioned that the first interim distribution of funds through Coinbase will begin this month. The distribution will commence in July and will be processed in batches in the upcoming months. Eligible clients will receive repayment notifications through the email
DeFi Technologies, a Canadian fintech company, has been making strategic moves in the cryptocurrency market. Recently, the company announced the acquisition of 94.34 BTC to add to its balance sheet, building upon the 110 BTC it acquired in June. In addition to Bitcoin, DeFi Technologies has also ventured into altcoins, purchasing 12,775 SOL tokens and