The ZKX Protocol, a Crypto.com-backed decentralized exchange, has shut down due to economic challenges. Following the announcement, the ZKX token plunged by over 50% in the last 24 hours. ZKX Token Plummets Over 50% On July 30, co-founder Eduard Jubany Tur announced the discontinuation of the ZKX protocol. He expressed regret, stating that despite their...Read More
Bitcoin (BTC) investors are moving their assets out of crypto exchanges at an increasing rate. An analysis from on-chain intelligence platform CryptoQuant revealed that over the past few days, exchanges have witnessed a rising outflow of BTC, even though the leading digital currency has been in a fluctuation area since February. While the outflows from...Read More
XRP climbed to $0.66 on Wednesday, surging by 8% over the past 24 hours from $0.60, a level last seen in the third week of March. The latest upward price action comes amidst important developments in the XRP ecosystem and renewed investor optimism in the market as the accumulation trend intensifies. XRP Accumulation There has...Read More
The partnership between The Open Network and Trust Wallet is capturing the community’s attention. This integration will help the 100 Million users of Trust wallet to send and receive Ton tokens. This collaboration aims to support both projects and their communities. Let’s explore what this means for these projects and their users. Collaborative Benefits This...Read More
The crypto investment management company has launched a new product called the Grayscale Bitcoin Mini Trust, which has the ticker $BTC. The new offering, endorsed as a spin-off of Grayscale’s Bitcoin exchange-traded fund (ETF) GBTC, has a competitive, “ultra-low” fee of 0.15%. Grayscale’s New Spin-Off Fund Months ago, Grayscale filed for the Mini Trust fund...Read More
[PRESS RELEASE – Monaco City, Monaco, July 31st, 2024] The presale of Memereum has seen significant growth, with nearly 28 million tokens sold. This increase follows the SEC’s approval of the first spot Ethereum ETFs on July 23, which has contributed to enhanced liquidity flows and heightened interest in Memereum. Factors Driving Memereum’s Popularity One...Read More
[PRESS RELEASE – Zug, Switzerland, July 31st, 2024] Partisia Blockchain, an innovator in the blockchain sector, proudly announces the launch of Project RESCUE, an ambitious initiative aimed at delivering critical health and social services to individuals living with and affected by HIV during emergencies. This groundbreaking project is a collaboration with the Social Equation Hub...Read More
Goldman Sachs CEO David Solomon said that bitcoin could “very well” serve as a store of value similar to gold. Solomon’s comments come at a time of growing debate over bitcoin’s potential as a reserve asset and store of value. Bitcoin’s Potential as a Store of Value In a July 30 CNBC interview, Solomon said...Read More
Amid increased buying and selling pressure in the cryptocurrency market, top tokens have displayed a mixed sentiment in their respective portfolios over the past few days. Further, the price of BTC continues hovering close to its $66K, indicating uncertainty in future price action. However, mid-cap altcoins have gained momentum during this period by adding massive...Read More
[PRESS RELEASE – Abu Dhabi, United Arab Emirates, July 31st, 2024] • M2 ADGM now accepts deposits and withdrawals from UAE bank accounts to purchase Bitcoin (BTC) and Ethereum (ETH) with United Arab Emirates’ Dirhams (AED) • The new integration from M2 ADGM, regulated by the Financial Services Regulatory Authority (FSRA) located in the ADGM,...Read More
Bitcoin prices dipped to an intraday low of $65,563 on July 30, marking a 6% slump since the beginning of the week. The asset recovered to reclaim $66,000 but failed to hold at that level, dropping back below it during the Wednesday morning Asian trading session. Nevertheless, BTC markets remain in a five-month rangebound channel,...Read More
[PRESS RELEASE – Singapore, Singapore, July 25th, 2024] Hybrid cryptocurrency exchange GRVT, ZKsync’s first official Validium ZK Chain, will launch its Open Beta testnet on August 5. The public test aims to assess key account management and trading features, as well as users’ native biometric-enable self-custodial GRVT Wallet. During the test, participants will have the...Read More
According to a Bloomberg Report, Russia will soon legalize the use of cryptocurrencies for payments. This move is aimed at easing the growing difficulties faced by companies in making foreign payments due to U.S. sanctions over the war in Ukraine. Details on the New Bill and Legislation On Tuesday, Lawmakers in the State Duma, Russia’s...Read More
