The Winklevoss-led crypto exchange Gemini announced it has started the process of acquiring a crypto license to serve customers based in the United Arab Emirates (UAE). As part of its global expansion plans, Gemini revealed engaging with stakeholders throughout the region to learn more about local regulatory requirements and the needs of UAE crypto investors....Read More
(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.) The weekend before I travelled to Miami for this year’s edition of the annual celebration of our Lord Satoshi...Read More
Sustainability-focused Bitcoin mining firm CleanSpark is expanding its ASIC fleet by 12,500 units after investing $40.5 million into new hardware. The added equipment is projected to bring CleanSpark’s total hash rate to over 16 exahashes per second (EH/s). CleanSpark’s Mining Discount According to a press release from CleanSpark on Thursday, the firm’s newly purchased fleet...Read More
OPNX – the crypto bankruptcy claims exchange launched by Su Zhu and Kyle Davies – released a whitepaper for its new ‘OX’ governance token on Wednesday. Details around the coin’s tokenomics caused the price of FLEX – the platform’s existing native token – to spike on the day. OPNX, FLEX, and OX Following the reveal,...Read More
Tether (USDT), the world’s largest stablecoin, achieved a groundbreaking milestone by surpassing its previous all-time high market cap of $83.2 billion, a record set back in May 2022. This remarkable feat further cements Tether’s unrivaled dominance in the rapidly expanding stablecoin market, which currently totals an astonishing $130 billion, with USDT’s market cap surpassing the...Read More
As the ongoing bear market is already shaking the investor’s faith, a prominent trader has emerged with a bullish outlook on Ethereum (ETH) compared to Bitcoin (BTC). This trader, known as Bluntz, is gaining attention for suggesting that the Ethereum/Bitcoin (ETH/BTC) pair is on the verge of a breakout. Ethereum Primed for a Breakout With...Read More
[PRESS RELEASE – Phoenix, AZ, June 1st, 2023] Devour, a pioneering restaurant engagement technology company, is thrilled to announce its strategic partnership with AlterVerse, an innovative force in the gaming industry. The collaboration aims to revolutionize the restaurant and gaming experience by expanding DevourGO, Devour’s web3-enabled guest engagement platform, to the upcoming release of AlterVerse’s...Read More
Bitcoin’s network fundamentals have continued to explode this year. The price side of things, however, has been disappointing recently. With its stagnating since mid-March, concerns about possible downside targets stretching toward $20,000 have emerged. Despite some encouraging signs in recent months, Bitcoin’s latest retreat dragged its price below $27,000. Bitcoin’s Key Support Areas As the...Read More
Bitcoin’s price is still stuck in a narrow range, but it has never been more difficult to mine the world’s largest crypto-asset than it is now. Its network fundamentals paint a decisively bullish picture. According to data from BTC.com, the Bitcoin mining difficulty surged this week to 50.68 trillion, setting a fresh all-time high. The...Read More
Naturally, the question of whether Ethereum will overtake Bitcoin by total market cap is very interesting to crypto investors. And there are some pretty strong arguments to be made on both sides, which is why we decided to engage with unbiased AI chatbots. Will Ethereum Bitcoin Flippening Happen? Bitcoin maxis believe BTC will be the...Read More
Despite the fact that the larger part of the cryptocurrency market is mostly covered in red, one prominent altcoin seems to stand out. Ripple’s XRP price is soaring in the past few days, and it shows no signs of slowing down. The coin is up around 12% on the weekly and has conquered an important...Read More
Last week, the price of the Multichain token crashed by about 20% due to reports of withdrawals going awry. The exact reason for transactions in the Multichain token getting stuck is still unknown, although there are two theories. Possible Legal Trouble At first, deposits and withdrawals of MULTI were believed to be stuck due to...Read More
Kraken, a cryptocurrency exchange, has observed favorable results by maintaining its operations in Canada amidst the plans of rivals such as Binance and OKX to withdraw. Following Binance’s announcement of its departure in early May, Kraken experienced a notable 25% increase in customer deposits within the country. Binance has made an official announcement regarding its...Read More
The American boutique investment bank Cowen Inc. is closing its crypto asset unit. It has become the latest financial institution to shy away from digital assets amid a darkening regulatory environment. “Today will be the last day for the team here at Cowen Digital,” the bank stated, according to a May 31 report by Bloomberg....Read More
[PRESS RELEASE – Mahe Island, Beau Vallon, Seychelles, May 31st, 2023] InQubeta, a pioneering platform in the crypto crowdfunding space, is thrilled to announce the launch of its innovative ecosystem powered by the QUBE token. Designed to revolutionize the investment landscape for AI startups, InQubeta offers users the opportunity to participate in crowdfunding campaigns in...Read More
[PRESS RELEASE – Singapore, Singapore, May 31st, 2023] Huobi announced that it became the first member of Hong Kong Virtual Asset Consortium (HKVAC). By joining HKVAC, an organization dedicated to providing credit ratings for crypto asset exchanges and trading products. Huobi aims to develop a venture capital database that caters to the needs of the...Read More
Chinese police have reportedly arrested and detained some employees of Trust Reserve, the company behind the yuan-backed CNHC stablecoin. According to a report from local media PANews, the Trust Reserve’s core team was apprehended at noon on May 29, and their family members have been notified. Police Arrest CNHC Issuance Team Representatives for PANews visited...Read More
Historically high-interest rates in the United States could “exacerbate” stress in an already shaky banking system, said a member of the Federal Reserve’s Board of Governors on Wednesday. The governor also hinted that the central bank might decide not to raise its benchmark interest rate at the next Federal Open Markets Committee (FOMC) meeting, which...Read More
