In a significant move, asset management firm BlackRock has chosen Coinbase as the key infrastructure provider for its new tokenized investment fund, BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This fund aims to maintain a stable value of $1 per token and distribute daily accrued dividends directly to investors’ wallets as new tokens each month.
Cardano (ADA) has recently experienced a downward trend in the cryptocurrency market, following the overall bearish sentiment affecting major digital assets. Despite a 20% retracement from its 22-month high of $0.810 on March 14, there are indications that ADA might be on the brink of a potential trend reversal. This shift in momentum could pave
The Commodities and Futures Trading Commission (CFTC) recently gave the green light to Coinbase Derivatives Exchange to list futures contracts tied to Dogecoin (DOGE), Bitcoin Cash (BCH), and Litecoin (LTC). The listings are set to start trading on or after April 1, 2024. This approval marks a significant move in the cryptocurrency market and opens
The recent sale of CryptoPunk #7804 for a staggering $16.4 million has sent shockwaves through the digital art and cryptocurrency communities. This transaction has not only captured the attention of enthusiasts and investors but has also set a new standard for the value of digital collectibles. The Alien category within the CryptoPunks collection, known for
The Twitter account of Trezor, a well-known hardware wallet manufacturer, recently experienced a severe security breach. The compromise, likely executed through a SIM swap attack, led to the spreading of fraudulent messages on the platform. These messages promoted fake token sales and wallet scams, deceiving users and causing financial losses. The alert about the suspected
Despite certain Bitcoin fundamentals pointing to a sustained upward movement, the recent price decline of the flagship crypto token has left many investors puzzled. Data from the on-chain analysis platform CryptoQuant highlights that the supply of Bitcoin on exchanges has decreased by nearly 40% in the past four years. This reduction in supply ahead of
Recently, XRP experienced a significant spike in price, reaching a new all-time high of $74 on the cryptocurrency platform Atlantis Exchange. However, this spike was quickly revealed to be a glitch and not a true reflection of the token’s value. This comes shortly after Atlantis Exchange introduced trading services with XRP, touting the token’s potential
Bitcoin has recently experienced a significant decline in value, dropping from over $73,600 to under $60,800 in a short period. This -17% loss has sparked discussions among crypto experts on social media platforms like X (formerly Twitter), who are trying to pinpoint the reasons for this downturn. Alex Krüger, a prominent figure in both macroeconomics
The legal battle between Ripple and the United States Securities and Exchange Commission (SEC) regarding the legal status of XRP has been a long and arduous one, with the trial scheduled to take place on April 23. This trial is expected to be the final chapter in the dispute that began in December 2020 when
The recent regulatory filings have shown that the US SEC has decided to delay the approval process for several highly anticipated Ethereum exchange-traded funds (ETFs). This has impacted proposals from various investment firms such as VanEck, Ark Invest, Hashdex, and Grayscale. Notably, Grayscale has added a staking component to its ETH ETF application alongside Fidelity.
A recent development in Nigeria has seen the Federal High Court issuing a directive to Binance, the largest cryptocurrency exchange in the world, to provide detailed information on all local users trading on its platform to the Economic and Financial Crimes Commission (EFCC). This move comes as part of the ongoing investigations into the alleged
The growing popularity and widespread adoption of non-fungible tokens (NFTs) have created a demand for constant innovation and improvement in the technology behind them. One such advancement is the ERC-7231 token standard, which aims to revolutionize NFTs by introducing new features and capabilities. ERC-7231 is an extension of the widely used ERC-721 token standard, which
The recent surge of the Kermit (KERMIT) coin, with a massive 600x increase in just 24 hours, has caught the attention of many investors. However, the price analysis suggests that there may be a better investment opportunity in the form of a new dog-themed coin, Dogecoin20. The Kermit token, being a part of the Solana
The UK Financial Conduct Authority (FCA) recently made an announcement regarding its intention to recover approximately $8 million in costs associated with the supervision of stablecoins and cryptocurrencies. The funds, totaling £6.4 million, will be obtained through fees imposed on stablecoin issuers and digital asset custodians. This move by the regulator is primarily to cover