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The Rupee sees a modest gain against the USD in early trade
30.11.2023
The Indian Rupee (₹) and the US Dollar ($) have been trading in a familiar territory for almost a month. The range is ₹81-₹84. The INR is currently at ₹83.30 for every US Dollar. However, the currency has been reported to have made some modest gains against the US counterpart in early trade. ...
Report: Operator of South Korean Crypto Exchange Upbit Sees a Nearly 40% Drop in Operating Profit
30.11.2023
Dunamu, the operator of the South Korean crypto exchange Upbit, recently said it had realized an operating profit amounting to $79 million in the third quarter of 2023. Virtual asset valuation losses contributed to the 81.6% drop in the operator’s net profit for the period. Operating Profit...
US Spot Bitcoin ETF Market Sees New Entrant as SEC Decision Looms
30.11.2023
Source: Adobe Stock Switzerland-based Pando Asset has emerged as the latest contender in the race to launch a spot Bitcoin ETF in the United States. Joining dozens of other applicants, Pando Asset is seeking to introduce a fund type that has yet to receive approval from the US Securities...
Fiery Public Hearing on Digital Euro Sees Experts Diverge on Key Issues
28.11.2023
Expert witnesses answered lawmaker questions on holding limits, impact on banking systems and privacy for an EU central bank digital currency
Singapore Central Bank Chief Sees No Future for Private Cryptocurrencies
28.11.2023
Source: PIxabay Singapore’s central bank’s managing director, Ravi Menon, emphasized that private cryptocurrencies falling short of fundamental financial service tests will eventually fade from the monetary scene. Menon outlined his vision for the future monetary system, highlighting three...
Binance Sees $1.7 Billion in Withdrawals Post DOJ Settlement, Nansen Reports Decline in Crypto Reserves
22.11.2023
Following the settlement with the U.S. Department of Justice (DOJ), Binance, the world’s leading crypto exchange by trading volume, has experienced a significant withdrawal of approximately $1.7 billion in digital assets, as reported by Nansen, a blockchain analysis company. This substantial...
Coinbase CEO Sees Binance Settlement as Chance for Industry Renewal
22.11.2023
Source: AdobeStock / photo_gonzo Coinbase CEO, Brian Armstrong says the Binance settlement is a chance for the industry to prioritize compliance and rule clarity to prevent regulators from slamming huge fines on companies. Armstrong wrote on X (Twitter) shortly after Binance’s settlement with...
Binance Sees More Than $900 Million in Outflows as Former CEO Pleads Guilty
22.11.2023
Source: AdobeStock / Iryna Budanova Binance, the world’s largest crypto exchange, has seen more than $900 million in outflows over the past 24 hours after former CEO Changpeng “CZ” Zhao pleaded guilty to money laundering violations. According to data from DeFi TVL aggregator...
Robert Kiyosaki Says Prepare for Hyperinflation — Sees Bitcoin as the ‘Best Protection’
22.11.2023
Rich Dad Poor Dad author Robert Kiyosaki has urged investors to prepare for hyperinflation, emphasizing that bitcoin is “your best protection.” He perceives the cryptocurrency as “people’s money,” the value of which cannot be controlled by governments. Robert Kiyosaki: Bitcoin...
Ethereum Exchange Outflows Exceed $1 Billion in 3 Weeks, IntoTheBlock Reports
20.11.2023
Ethereum sees significant exchange outflows as investors potentially eye long-term holds. Image by Dennis, Adobe Stock. A torrent of Ethereum has flowed out of centralized crypto exchanges and into private wallets over the past several weeks. ETH recorded $320M in exchange outflows this week,...
Sam Altman's OpenAI ouster sees rollercoaster Worldcoin price
20.11.2023
Sam Altman’s eye-scanning world ID project saw its token price go on a wild ride over the weekend after he was fired by OpenAI
Ark Invest CEO Cathie Wood Sees Crypto Market Exploding to $25 Trillion in 2030
16.11.2023
Ark Invest CEO Cathie Wood says the crypto ecosystem will be dominated by bitcoin and ether and will scale from about $1 trillion today to $25 trillion in 2030. “The regulatory breakthrough is very important to bring institutions online,” said the asset manager, emphasizing that...
Crypto Market Sees Net Capital Inflow for First Time in 17 Months
15.11.2023
The 90 day net change in the supply of the top four stablecoins has flipped positive, indicating an inflow of capital into the market
Lloyds Bank: UK Sees 23% Increase in Cryptocurrency Scam Reports
14.11.2023
Source: AdobeStock / JeromeMaurice Lloyds Bank, a big four bank in the United Kingdom, reports that crypto scams have risen 23% compared to the same period last year. The firm warned that fraudsters are targeting young people over social media, with victims losing an average of £10,741 ($13,183.72)...
BlackRock ETH ETF helps price past $2k; community sees BTC ETF as 'done deal'
10.11.2023
BlackRock has previously also filed for a Bitcoin ETF, for which the SEC approval window is currently open until Nov. 17
Solana Tokens Sees Risky Bets Increase After End of Sam Bankman-Fried Trial
9.11.2023
Bonk took center stage in the Solana ecosystem in January as sentiment around the blockchain network took a hit in the aftermath of the Sam Bankman-Fried and FTX exchange debacle
Marathon Digital sees 670% revenue gain in Q3 as Bitcoin production surges
9.11.2023
Marathon announced a 467% increase in Bitcoin production year-on-year in the third quarter, while hashrate rose over 400% in the same timeframe
Ripple Payments sees rapid growth
8.11.2023
Ripple, in its annual conference, has shed light on how Ripple Payments can make an impact on every business that is struggling to make it through traditional finances. Ripple has stated that at least 80% of global finance leaders are willing to make a transition to modern payment solutions...
Investment Advisor Two Prime Sees $2B in Demand for Bitcoin-Backed Loans
8.11.2023
"We have seen about $2 billion in demand for bitcoin-secured loans since we started offering them in September, " Two Prime's Alexander Blume said
Bitcoin’s Transaction Backlog Swells With Latest Inscription Wave, Pushing Fees Up 4,000%
7.11.2023
After a quiet period post-September 15, Bitcoin transaction backlogs are surging anew, with a noticeable resurgence of Ordinal inscriptions starting October 24. The number of pending bitcoin transactions in the mempool has surpassed 157,000, prompting a rise in high-priority transaction fees...