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Spot Trading Volumes Hit $1.4 Trillion as Exchanges Record Growth In Fourth Consecutive Month
8.2.2024
Digital asset spot trading volumes continued on a steady rise in January on the back of a spot Bitcoin (BTC) ETF approval by the United States Securities and Exchange Commission (SEC). A new CCData market report shows an increase in market activity as ETF participants notch inflows and traders...
XP uses Solana Blockchain to tackle Ticketmaster Junk Fees
8.2.2024
A new, fresh face has arrived in town to threaten the previously established status quo in the event ticketing market, and his name is XP. It uses advanced technology in the Solana blockchain realm to disrupt the industry through innovation. For years, Ticketmaster has been known for charging...
Activist DAO Investor Pivots to Building a Company
8.2.2024
Diogenes Casares' new Stream Protocol is a trading platform he plans to eventually turn into a decentralized perpetual swaps exchange
Citi uses Avalanche to price and execute simulated FX trades
8.2.2024
Avalanche recently announced supporting Citi FX solution under project guidance. The network released an official post and tweet to inform users about the development. The post read that Citi leveraged Avalanche to test an app to price and execute bilateral spot FX trades. With Citi’s on-chain...
Bridgetower Capital and Deus X Capital Launch $250 Million Digital Asset Platform in UAE
8.2.2024
Bridgetower Middle East, established by Bridgetower Capital and Deus X Capital, launched a digital asset platform in Abu Dhabi to cater to institutional investors in the UAE and Middle East. Arabian Business reported the establishment of Bridgetower ME, a joint venture between Bridgetower Capital...
SocialFi Project Friendzone to Debut on Polygon Blockchain
8.2.2024
Decentralized social marketplace Friendzone is hopping on the Polygon blockchain for a Feb. 26 launch, and eyeing a move to Polygon zkEVM down the line. The app is said to combine the emotional aspects of traditional social media with the financial rewards of Web3 to build online communities....
ICE-Backed Bakkt Alerts of Possible Closure, Cites Cash Crisis
8.2.2024
Bakkt, the cryptocurrency platform backed by the Intercontinental Exchange (ICE), has issued a warning about its financial health. In a recent document filed with the U.S. Securities and Exchange Commission (SEC), Bakkt outlined its financial challenges, stating concerns over its ability to operate...
Solana Foundation Teams Up with Abu Dhabi Free Zone for Web3 Push
8.2.2024
Abu Dhabi Global Market (ADGM) and Solana Foundation announced Wednesday an agreement to explore blockchain ecosystem development. The collaboration aims to improve Distributed Ledger Technology solutions and drive forward blockchain innovation, a press release said. “We are excited to partner with...
LBank Launches Oasys: Revolutionizing the Blockchain Gaming Industry
8.2.2024
PRESS RELEASE. LBank, a leading global digital asset trading platform, proudly announces the integration of Oasys into its diverse trading portfolio. This strategic move not only enhances LBank’s offering in the blockchain gaming sector but also marks a significant milestone for Oasys...
Crypto Firm Bakkt Warns It Might Not Be Able to Remain in Business
7.2.2024
The company, backed by the owner of the NYSE, was introduced in 2018 with the initial goal of helping Starbucks customers buy coffee with bitcoin
Blockchain Could Have Saved Americans $74 Billion on Credit Card Fees: Coinbase
7.2.2024
Coinbase, a leading cryptocurrency exchange, has emphasized the potential of blockchain technology to save American consumers billions of dollars in its latest “State of Crypto Report,” released on Wednesday. According to the report, consumers could have collectively saved a minimum...
Illicit Virtual Asset Use On The Rise, U.S. Treasury Report Reveals
7.2.2024
The U.S. Treasury Department is seeing an increase in illicit crypto use according to a Thursday report. The department’s 2024 National Risk Assessments on Money Laundering, Terrorist Financing, and Proliferation Financing report highlights that virtual assets are increasingly used by illicit...
U.S. Treasury Department Highlights Increasing Use of Crypto by Criminals in 2024
7.2.2024
The U.S. Department of the Treasury has released its 2024 National Risk Assessments on Money Laundering, Terrorist Financing, and Proliferation Financing, outlining the most significant threats facing the United States in illicit finance. The reports detail updates to the anti-money laundering...
Bitmain’s Mining Firm BitFuFu Set to Go Public in the U.S. via SPAC
7.2.2024
BitFuFu, a bitcoin mining firm affiliated with Bitmain, a prominent player in the cryptocurrency mining industry, is advancing towards a public listing in the United States through a merger with a special-purpose acquisition company (SPAC). On December 31, BitFuFu filed an F-4 form with the U.S....
Scaramucci Urges Crypto Community to Support Biden Over Trump at Digital Assets Event: Report
7.2.2024
Former White House Director of Communications Anthony Scarmucci urged the crypto community to support current President Joe Biden over Republican frontrunner Donald J. Trump during a February 1 appearance at a Duke University digital assets event. Scaramucci Warns Trump is Bad for Crypto According...
Stephen Chow’s “Nobody” NFTs Reach 10,000 ETH in Trading Volume
7.2.2024
Hong Kong movie director Stephen Chow launched an NFT collection titled “Nobody” on February 1 which has already reached nearly 10,000 ETH in trading volume on Opensea. At the time of writing, the collection has experienced trading activity of over 9,878 ETH (~ $22.8 million) with a daily volume...
OKX Breaks Into Argentina With Wallet And Crypto Exchange
7.2.2024
OKX launched localized trading services in Argentina on February 7 to provide Argentinians access to the non-custodial OKX Web3 Wallet. This development will establish a secure gateway for managing DeFi, trading NFTs, accessing dApps, and more in one of Latin America’s largest crypto markets...
Investing in 'Gold' – Via Bitcoin – Is Cheaper Than Ever
7.2.2024
All but one of the recently launched spot bitcoin exchange-traded funds (ETF) charge a lower fee than the largest gold ETF, making them a cheaper investment into a gold-like asset
MicroStrategy Makes Its Case as Alternative to Spot Bitcoin ETFs
7.2.2024
MicroStrategy (MSTR), the software firm whose executive chairman is bitcoin maximalist Michael Saylor, reported weaker-than-expected fourth quarter earnings on Tuesday, but the majority of its conference call presentation focused on the crypto
Ransomware Payments Hit Record $1 Billion in 2023: Chainalysis
7.2.2024
Criminals made off with a staggering $1 billion in cryptocurrency ransomware payments in 2023, per the latest insights from Chainalysis’ 2024 “Crypto Crime Report.” The report highlights a surge in sophisticated attacks targeting high-profile institutions and critical...