Search
Ripple registered to Ireland’s Virtual Asset Service Providers
21.12.2023
The Central Bank of Ireland recently added Ripple to its registered VirtualAsset Service Providers list. Now, Ripple will offer certain virtual asset services in Ireland. The news was shared on Ripple’s official website via a post. The post read that the CBI has added its Irish subsidiary...
Phantom Wallet Introduces Trading for Bitcoin, Ordinals, and BRC-20 Tokens
21.12.2023
Source: DALL·E Multichain cryptocurrency wallet Phantom has broadened its services, introducing support for Bitcoin, Ordinals, and BRC-20 tokens. According to a blog post, Phantom has launched the new features in a current beta phase, allowing users to opt-in for trading and transferring these...
Supply of Stablecoins on Ethereum Protocol 30% Lower Than in 2022 — Study
21.12.2023
The supply of stablecoins on the Ethereum chain has dropped by more than 30% from the peak of $100 billion to $66 billion since 2022. The study data shows BUSD and USDC as the two stablecoins which caused the overall market value to fall from $139 billion to $129.5 billion. Tron Stablecoin Supply...
18 Cryptos to Watch in 2023
21.12.2023
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Brimming with potential, the cryptocurrency industry is a bona fide Eden of opportunity, although finding the right cryptos to watch in 2023 can be...
New EU Sanctions Package Preclude Russians From Owning Crypto Companies
21.12.2023
The European Union said Russian nationals from owning or controlling crypto service providers under the bloc’s twelfth package of restrictive measures against the country. According to the EU, diamonds entering its will now have to be traced from “the mine to the finger” and this...
Grant Thornton: Family Offices Are Warming Up to Blockchain and Crypto
21.12.2023
A report issued by Grant Thornton, a professional services network, has revealed that family offices are eyeing crypto and blockchain to increase their investments in these areas. More than half of the family offices consulted have already invested in digital assets, with 38% allocating less than...
Ripple Executive Predicts ‘Breakout Moment’ for Crypto Institutional Adoption
21.12.2023
Ripple’s president has shared her crypto predictions, stating that 2024 could mark “the breakout moment where institutional adoption for real-world utility takes off.” She emphasized: “The industry needs to build compliance tooling in a decentralized environment. It’s...
Judge Kaplan Rejects Bankman-Fried’s Request for Sentencing Delay, Affirms March 2024 Date
21.12.2023
In a recent development in the high-profile case of Sam Bankman-Fried, the founder of the now-defunct crypto exchange FTX, a request for postponement of the sentencing hearing was firmly denied by U.S. District Judge Lewis Kaplan. Bankman-Fried’s legal team had sought a four to six-week...
Smart Contract Tokens Solana and Avalanche Surge, Closing in on BNB and Ethereum
20.12.2023
Recently, the smart contract platform tokens solana (SOL) and avalanche (AVAX), both considered layer one (L1) crypto assets, have been narrowing the gap with ethereum (ETH), the most prominent smart contract platform in terms of market valuation. Over the past month, solana has experienced a...
Revolut Unlocks Crypto Trading in New Zealand, Expanding Fintech’s Offerings with 100+ Pairs
20.12.2023
Revolut’s New Zealand users can now trade major cryptocurrencies like Bitcoin through the Revolut app and access educational resources. Image by boumenjapet, Adobe Stock. London-based fintech firm Revolut has launched cryptocurrency trading services in New Zealand. Starting today, customers...
Ledger Responds to Connect Kit Exploit With Reimbursement Plan, Security Overhaul
20.12.2023
In a decisive move following a significant security incident, Ledger, a well known crypto hardware wallet manufacturer and security firm, announced a response plan. Approximately $600,000 in assets were stolen from users due to an exploit involving blind signing on EVM decentralized applications...
Bitcoin’s Hashrate Hits Historic 527 EH/s Lifetime Peak, Shattering Previous Records
20.12.2023
Recent data, analyzing the seven-day average of Bitcoin’s hashrate, reveals yet another lifetime peak in the network’s performance. On Dec. 20, 2023, Bitcoin’s hashrate climbed to an unprecedented high. The seven-day simple moving average (SMA) indicates that the hashrate...
Grayscale CEO Says Spot Bitcoin ETF Could Usher In $30 Trillion to The Market – Here’s More
20.12.2023
Source: a video screenshot, Bloomberg Technology / YouTube Grayscale CEO Michael Sonnenshein has restated growing optimism over an investment drive in the cryptocurrency market in the event of a spot Bitcoin (BTC) ETF approval by the Securities and Exchange Commission (SEC). In a recent CNBC...
Bitcoin Blockchain Surpasses Half-Terabyte Amid Soaring Transactions and Increased Block Capacity
20.12.2023
Although bitcoin’s price hasn’t eclipsed its historic peak, this year the network has shattered multiple records. These include reaching the highest level of difficulty, achieving an all-time high in total hashrate, and setting a new record for daily confirmed transactions. In 2023...
Stellar and XRP case study: Correlations explained
20.12.2023
In the burgeoning world of cryptocurrencies, the synchronized price movements of Ripple’s XRP and Stellar’s XLM have long puzzled investors and sparked fervent debate. Why do these seemingly distinct tokens dance to the same tune? This case study offers valuable insight into...
Bitcoin Technical Analysis: Bullish Trends Push Against Upper Resistance Limits
20.12.2023
Bitcoin’s price of $43,094, fluctuating between $42,235 and $43,176 within 24 hours, reflects a market in subtle motion. With a substantial 24-hour volume of $20.10 billion and a market capitalization of $837 billion, bitcoin maintains its strong presence in the cryptocurrency sphere....
UK Finance Minister to Probe Banking Challenges Faced by Crypto Firms
20.12.2023
Source: AdobeStock / Mary The finance minister of the United Kingdom has pledged to look into the reported difficulties faced by licensed cryptocurrency firms in opening business accounts in the country. Chancellor of the Exchequer Jeremy Hunt has agreed to meet with Economic Secretary of...
Report Highlights USDT’s Role in the Underground Economy of Cambodia
20.12.2023
A recent report from the South China Morning Post (SCMP) explains the enabling role that Tether’s USDT has on the underground Chinese-linked economy of Cambodia. The stablecoin is allegedly used in different activities like sidestepping capital controls for Chinese nationals, who can use...
Over 40 Countries Forge Ahead with Cryptocurrency Regulation and Legislation: PwC
20.12.2023
Image by motortion, Adobe Stock. More than 40 countries have made significant strides in advancing crypto-focused regulations and legislation this year, indicating a growing global trend towards wider cryptocurrency adoption. According to a recent report from professional services firm...
Hashkey Capital Singapore Secures Full Capital Markets Services License From Singapore
20.12.2023
Reflecting Singapore’s progressive stance on digital assets, the Monetary Authority of Singapore (MAS) has awarded Hashkey Capital Singapore a full Capital Markets Services license, enabling the firm to enhance its fund management services and contribute significantly to the burgeoning...