Ripple recently announced a new partnership with Yonsei University in South Korea as part of its University Blockchain Research Initiative (UBRI) program. This collaboration marks the university as the 58th partner to join the initiative, with 12 of them situated in the Asia Pacific region. Yonsei University’s involvement in the program will focus on driving
Crypto
In recent news, the U.S. Securities and Exchange Commission has imposed additional charges against Galois Capital, a crypto-focused advisory firm that held client assets at FTX. As a result of its actions, Galois has agreed to pay a civil penalty of $225,000, which will be distributed to investors who suffered harm as a result of
Bitcoin recently saw a drop below $56,000, signaling a continuation of its downtrend. Arthur Hayes, co-founder and former CEO of BitMEX, predicts a worst-case scenario where Bitcoin could fall to $50,000. This bearish outlook is also extended to altcoins, which may experience even steeper losses according to Hayes. Hayes bases his predictions on the broader
The latest analysis by Santiment reveals a significant drop in whale activity across major crypto assets, including Bitcoin and Ethereum. During an active period in March, Bitcoin recorded 115.1k transactions valued at over $100k each. However, by August, this number had decreased to just 60.2k transactions, indicating a noticeable slowdown. Ethereum also mirrored this trend,
The Ethereum market is experiencing a noticeable shift, with increasing exchange reserves indicating a potential new distribution phase. CryptoQuant’s Ethereum Exchange Reserve metric monitors the amount of ETH held in exchange wallets. A rise in this metric often suggests that traders are transferring their ETH to exchanges in preparation to sell, causing supply pressure and
The Open Network and its native token, TON, have been facing a series of challenges in recent times. One such issue arose when the price of TON plummeted by over 90% in just minutes on CoinMarketCap. The drastic drop saw TON’s value fall from $5.2 to approximately $0.3. This sharp decline, amounting to a massive
Recently, the crypto analyst known as the ‘Titan of Crypto’ has shared with his followers a unique technical pattern that has never been witnessed before in the world of cryptocurrency. This pattern involves a golden cross formation between the 100-day moving average and the longer 200-day moving average. Unlike the typical golden cross where a
The Crypto Wealth Report 2024 by Henley & Partners has revealed some astounding numbers in the world of digital assets. The report states that the number of individuals holding over $1 million in digital assets has increased by a staggering 95% to 172,300. This growth comes alongside a significant surge in the total value of
In the past month alone, the cryptocurrency space has been rocked by a series of devastating hacks, resulting in a total loss of $313 million. Two major phishing attacks accounted for a staggering 93.5% of the stolen funds, highlighting the vulnerability of crypto holders to social engineering tactics. In one incident, a whale lost over
Recent data from bitcoin (BTC) on-chain analysis platform Bitbo paints a dismal picture for miners of the largest cryptocurrency. In August, miners suffered their worst month in nearly a year in terms of revenue generation. According to Bitbo’s dashboard, BTC mining activities only secured $827 million, marking a significant 10% decrease from July’s earnings of
The latest data on digital asset investment products reveals that the sector experienced a total of $305 million in outflows in the past week. This negative sentiment was largely driven by stronger-than-expected economic data coming out of the United States, influencing the likelihood of a significant interest rate reduction. According to CoinShares’ Digital Asset Fund
Over the past 24 hours, Bitcoin’s price has taken a turn for the worse, dropping to a 2-week low of $57,100. This downward trend comes after a week of fluctuating prices, with Bitcoin initially surging to over $65,100 before gradually losing value. Despite a brief recovery on Thursday that pushed BTC to $61,000, it has
Recent news from the UK has highlighted the legal consequences for operating a Bitcoin ATM without the proper registration. This article analyzes the case of Habibur Rahman, the first person in the UK to face charges for unauthorized operation of a crypto ATM. Habibur Rahman, a London resident, was arrested by Kent Police on April
One of the most intriguing questions posed by Peter Diamandis, the founder of X Prize and Singularity University, revolves around the future of Bitcoin. With an impeccable track record of never failing to execute transactions every ten minutes for 15 years and no breaches in its base blockchain layer, Bitcoin has proven its reliability. Many
