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Crypto.com announces its entry into the South Korean market
2.4.2024
Crypto.com has announced that it is entering the South Korean market effective April 29, 2024. It will offer select cryptocurrencies to retail users, empowering them to trade the token after registering with the platform. Crypto.com has expressed its commitment to the full-fledged provision...
Long-Term Bitcoin Holders Begin ‘Taking Chips Off the Table’ at Record Highs, Analysis Shows
2.4.2024
A recent study by onchain analysts at Glassnode reveals a significant increase in profit-taking activities as bitcoin surged to a new all-time high (ATH) of $73,794, marking a notable phase in the cryptocurrency’s market dynamics. Glassnode Highlights Intensified Profit-Taking Amidst...
The key to Solana’s tokens: A deep dive into distribution
2.4.2024
Solana is a blockchain platform that enables decentralized, scalable applications. It’s an open-source project that started in 2017. Solana uses a blend of proof-of-history and authorized proof-of-stake protocols. Solana’s distinctive combination of proof of history and delegated proof...
Wormhole debuts on OKX: Uniting blockchains with ease
2.4.2024
The top global cryptocurrency exchange, OKX, has announced the future inclusion of Wormhole (W) into the digital assets it offers, which represents important growth in its crypto portfolio. This tactical move seeks to improve the trading experience for its worldwide users by allowing them to trade...
In 22 Days, Liquid Staking Platforms Witness a 340,000 ETH Decline
2.4.2024
According to the most recent data, within the last 22 days, the volume of staked ether locked across various liquid staking derivative token platforms has seen a decline of 2.45%. This downward trend was observed across 27 unique platforms, culminating in a reduction of 340,000 ETH, valued...
DOGE remains the most important memecoin in the sector – Analyst opinion
2.4.2024
Despite the crypto market filling with new coins, Dogecoin remains the most influential meme coin. The original meme token has recently surged in value, defying expectations. On the other hand, most meme coins have faded into the correction phase. Let’s take a look at the recent performance by DOGE...
Bitcoin Dips Below $66,000 Ahead of Fourth Halving, Loses Over 5% in 24 Hours
2.4.2024
The price of bitcoin experienced a decline on Monday, near 10:00 p.m. Eastern Time (ET), tumbling to a position slightly over the $66,000 mark. By 6:30 a.m. the following day, it had edged down further to reach its intraday low of $65,480 per unit. In the wake of this downturn, the crypto...
Bitcoin price falls on weak demand and Fed policy shift
2.4.2024
Bitcoin prices fell due to declining demand for dedicated US exchange-traded funds and falling expectations on weaker Federal Reserve monetary policy. Bitcoin dropped by 5.3%, following which there was a kind of recovery, with the price standing at $66,735. Tokens that were popular within the meme...
Ethereum Issuance Reduction Proposal Prompts Fierce Crypto Community Criticism
2.4.2024
Discussions about adjusting Ethereum’s issuance curve due to staking concentration and other factors are taking place on social media, with some developers in favor and some against this change. A recent article by Mike Neuder, an Ethereum Foundation researcher, highlights that Ethereum...
The Future of Cryptocurrency in Daily Payments: Lessons from Lugano
2.4.2024
Cryptocurrencies have sparked a global debate on the future of financial transactions, with a focus on their integration into daily payments.
The post The Future of Cryptocurrency in Daily Payments: Lessons from Lugano appeared first on Cryptonews
Bank of Russia: Russians Transacted $51 Billion in Crypto During 2023
2.4.2024
The Bank of Russia noted that Russian nationals transacted $51 billion (4.78 trillion rubles) in crypto during 2023. According to an annual report issued by the bank, its investigations found that volume flows equivalent to the number, especially in bitcoin and ether, were attributed to Russian...
Crypto market primed for bull run: Why you should choose IDOs over crypto trading?
2.4.2024
In its more than one-and-a-half decade of existence, cryptocurrency has produced several ways to make money. The range varies from investing, trading, staking, mining, node operating, participating in token presales, and much more. However, the options narrow down to only a few when it comes...
Tether strengthens security commitment with successful SOC 2 Type 1 Audit
2.4.2024
Tether successfully goes through the System Organization Control (SOC) Audit Type 1, turning it into a complete safety compliance business. Though it is the first stage, it speaks volumes about the attitude of the company towards safety issues. The audit comes under the gold standard category...
Lightspeed transactions, blazing-hot potential: Decoding the Solana enigma
2.4.2024
Solana was created in 2017 as a blockchain platform for scalable, decentralized applications. This project is now managed as an open-source initiative by the Geneva-based Solana Foundation, with Solana Labs in San Francisco building the blockchain. Solana’s design integrates a decentralized clock...
Coinbase’s Alesia Haas explores ETH’s security stature and FTX-related trust-building
2.4.2024
In an interview with Fortune, Coinbase’s Chief Financial Officer, Alesia Haas, gave a sneak peek into what the future of finance might look like, both for Coinbase and the world of cryptocurrency. Under the direction of CEO Brian Armstrong, Coinbase has consistently expanded its empire in...
Spot Bitcoin ETFs Continue to See Net Outflows as BTC Price Drops Below $67K
2.4.2024
Spot Bitcoin (BTC) exchange-traded funds (ETFs) saw net outflows on Monday as the flagship cryptocurrency dropped below $67,000.
The post Spot Bitcoin ETFs Continue to See Net Outflows as BTC Price Drops Below $67K appeared first on Cryptonews
New Platform Echo Launches, Aims to Democratize Angel Investing in the Cryptosphere
2.4.2024
Jordan Fish, known as Cobie on the social media platform X, has helped launched a new project called Echo, aimed at revolutionizing angel investment in the crypto market by allowing investors to pool funds for large investments. Echo distinguishes itself not just as another investment platform,...
HSBC Launches Tokenized Gold Product Targeting Hong Kong Market
2.4.2024
HSBC, the London-based financial institution, launched the first bank-backed tokenized gold product for its customers in Hong Kong. HSBC Gold Token will allow retail investors to purchase tokenized gold from their smartphones using the bank’s online app, democratizing access to these gold...
Blockchain Sleuth Warns About Unrevealed ‘Critical Flaws’ in Ethena
2.4.2024
Tardfiwhale, a pseudonymous blockchain sleuth who predicted the fall of Luna and UST, has warned about critical flaws in Ethena, a rising blockchain synthetic dollar stablecoin protocol. Tardfiwhale is asking for donations to certain entities before revealing these alleged flaws, as Ethena has...
48 US Lawmakers Ask SEC Chair Gensler to Clarify Whether ETH Is a Security — Warn of ‘Negative Repercussions’
1.4.2024
Forty-eight U.S. lawmakers have sent a letter to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler asking him to clarify whether ether is a security. “The negative repercussions of the SEC implicitly or directly classifying ETH as a digital asset security will cascade...