Author: News Room
BNN Bloomberg is a Canadian business and financial news channel born from a partnership between Bell Media and Bloomberg Media. It offers live market coverage, breaking news, expert interviews, and economic analysis, making it the go-to source for investors, business leaders, and anyone seeking to stay informed about the financial world. Beyond television, BNN Bloomberg’s resources include a website with up-to-date articles, data, and videos, and Canada’s only all-business news radio station. Per a recent BNN Bloomberg article, the crypto trading space is witnessing a renewed interest, not just from individual “YOLO” traders but also from sophisticated hedge-fund clients associated…
Coinbase’s Layer 2 solution, Base, has surpassed $2 billion in Total Value Locked (TVL), marking a 43.61% surge over the past week. This milestone reflects the growing traction and interest in this network, particularly focusing on meme coins and airdrops. Coinbase’s Base Network on the Rise Base, engineered on the Optimism tech stack, has been pivotal in scaling Ethereum by enhancing transaction speed and reducing costs, all while maintaining the robust security of the Ethereum mainnet. The success of Base can largely be attributed to its parent company, Coinbase. This is a behemoth cryptocurrency exchange with a valuation surpassing $60…
Global investment bank JPMorgan has cautioned that bitcoin is still overbought despite the crypto’s recent price decline. JPMorgan’s analysts expect continued selling pressure on bitcoin as the halving approaches, “particularly against a positioning backdrop that still looks overbought despite the past week’s correction.” JPMorgan: ‘Bitcoin Remains in Overbought Territory’ JPMorgan’s analysts, led by global strategist […] Read the full article here
Jian Wen, a former takeaway worker residing in north London, was found guilty of one count of money laundering after she was found with Bitcoin worth over $2.5 billion (£2 billion) in 2018. Jian Wen assisted a Chinese fugitive known to Wen as Zhang Yadi, whose real name is Qian Zhimin, in laundering the BTC funds. The Bitcoin Laundering Case Wen was found with Bitcoin valued at over £2 billion, which she had been involved in converting into assets such as multi-million-pound houses and jewelry. Despite living in a flat above a Chinese restaurant in Leeds when she first became…
Inflows into the 11 new Bitcoin ETFs that received regulatory approval in the US in January reversed this week. A significant $850 million has flowed out of ETFs, causing investors and market watchers to question whether this is a temporary glitch or a sign of a larger pullback for the world’s largest cryptocurrency. Fund inflows into ETFs had previously increased the Bitcoin price to a record level of $73,000 this year. However, the recent decline in its price has dampened investors’ interest in ETFs, and bitcoin fell as low as $60,760 at one point this week. “People looked at how…
Real World Assets (RWA) in DeFi and Crypto demonstrate how tokenization unites blockchain and traditional finance. Digital tokens for real estate and gold could change decentralized finance. To add RWAs to DeFi, you must understand how they formalize off-chain transactions, connect information, and handle demand and supply in the RWA protocol. RWAs connect the real and digital worlds in DeFi, expanding investment opportunities, liquidity, and market access. This DeFi RWA study shows how innovation and financial change are possible in a fast-changing ecosystem. Understanding How RWAs Work Understanding how RWAs work is essential to understanding their value in DeFi. Off-chain…
OKX, a leading Web3 technology company, recently partnered with Galxe, a top community-building platform. This partnership will simplify OKX Wallet users’ digital asset management by connecting them to Galxe’s powerful web3 ecosystem. Earlier, OKX partnered with Immutable for GamrFi launchpad. OKX and Galxe Collaborate for Seamless Web3 Integration Galxe is known for building and engaging web3 communities. Its 16 million users and 4,900 well-known brand partnerships are impressive. Galxe’s quest platform has launched over 63,000 campaigns across 16 blockchains, solidifying its web3 dominance. With Galxe integration, OKX Wallet has improved marketing and user engagement. OKX Wallet wants to use Galxe’s…
Terra Luna Classic community voting on a key proposal to repeal the earlier passed KYC proposal based on claims that KYC requirements for developers have stalled the growth of Terra Luna Classic. Meanwhile, LUNC and USTC prices have taken a hit amid futures selloff and options expiry. Read the full article here
In the wake of multiple reports indicating that the SEC plans to classify Ethereum as a security, Reaper Financial CEO Patrick Riley has taken a subtle shade at the ETH community. According to an X post today, Riley cleverly twisted Ethereum co-founder Vitalik Buterin’s 2022 tweet to take a swipe at the Ethereum community amid the SEC’s quest to categorize ETH as a security. In the post, Riley noted that the Ethereum community already forfeited its moral standing to air its grievances about the SEC’s latest crackdown when it sacrificed XRP to monopolize control over the crypto industry through the…
Binance has announced its plan to delist multiple TrueUSD spot trading pairs as well as a couple of BNB pairs, its native currency. The notice, published on Wednesday, March 13, revealed that Binance will remove multiple TrueUSD and BNB pairs from its platform. Some trading pairs to be delisted include PENDLE/TUSD, COMP/TUSD, and EDU/TUSD. The BNB duo of ARPA/BNB and EDU/BNB spot trading pairs will also be removed. This decision will take effect by Friday, March 15th, 2024, at 3:00 am UTC. Other TUSD trading pairs will still be available on Binance In the announcement, Binance cited concerns like poor…