Author: News Room
XRP has set itself on a recovery path following the latest market collapse, as a resurgence of optimism leads to a sustenance of the HODL culture in anticipation of greater prices. Despite XRP’s failure to achieve a significant price surge, XRP has demonstrated resilience by maintaining its position comfortably above the crucial psychological threshold at $0.60. Although the recent market downturn posed a threat to breaching this level, XRP exhibited noteworthy stability. As the cryptocurrency strives to regain ground lost in recent days, investor confidence remains robust. Consequently, market stakeholders have maintained their positions in anticipation of ambitious price milestones,…
Ethereum Classic’s robust technology and loyal community support forecast its surge past $200 by 2025. Market volatility positions ETC as a potential investment gem, with predictions of exceeding $120 by 2024. ETC’s strategic advancements in blockchain security and functionality hint at a stable growth trajectory towards $200.76. Ethereum Classic (ETC) emerges as a beacon of resilience and potential, with expert analyses predicting a significant rise in its value. As we move towards 2024, the anticipation builds around ETC’s potential to not only reach but exceed the $89.37 mark, setting the stage for an unprecedented surge to $120.55 by year-end. This…
Binance is now requiring prime brokers to enhance their KYC to block U.S. nationals, according to a Bloomberg report. In court documents unsealed in November, it was revealed that U.S. customers significantly fueled Binance’s rapid growth. Binance is asking its prime brokers to do enhanced Know Your Customer (KYC) work on clients to ensure that they aren’t serving U.S. nationals, according to a report from Bloomberg. Prime Brokers act as intermediaries between institutional investors and the market, offering services such as custody, trade execution, risk management, and lending with the aim of attracting institutional investors by providing a comprehensive end-to-end…
During the last week, altcoins have entered a steeper correction with the Ethereum (ETH) price correcting over 22% with a similar correction across the board. While the market is currently under a bearish grip, on-chain data and market analysts believe that this could be a great time to buy. Read the full article here
According to the official announcement made by the SEC, Genesis agreed to pay a $21 million penalty to the SEC. Genesis Global Capital LLC will pay a $21 million penalty after pleading guilty to charges that it engaged in the unregistered offer and sale of securities through a cryptocurrency, the SEC said. The SEC said the money would first be used to pay any other claims authorized by the bankruptcy court, including claims from retail investors in the Gemini Earn program, and then take the remainder. SEC Chairman Gary Gensler said in the statement: “We sued Genesis, accusing it of…
JPMorgan Chase reportedly refuses to reimburse a customer who says she warned the bank of suspicious activity – and then watched scammers drain her account over the course of three days. Houston resident Cindy Little says she recently received a text message from Chase letting her know that an “unknown” person had been added as a Zelle recipient, reports the NBC-affiliated news station KPRC. Little says she immediately contacted the bank and discovered $1,000 had already been been stolen from her account. Chase “acknowledged the fraud” and reimbursed the money. But a month later, Little received a new text message…
The average number of daily active wallets being connected by players to blockchain games jumped 20% month-over-month in February, DappRadar and the Blockchain Game Alliance announced Thursday in their monthly industry report. The ongoing buzz around play-to-airdrop campaigns—which incentivize people to play games by dangling potential token incentives in front of them—is credited for at least some of the monthly rise. Climbing prices for crypto gaming tokens also played a role as the average number of daily wallets interacting with crypto games hit 1.9 million in February. “The play-to-airdrop trend is still pushing more people towards blockchain gaming,” the report…
Coinbase has announced plans to launch cash-settled futures contract products for Dogecoin, Litecoin, and Bitcoin Cash as early as April 1, 2024. The announcement, made through three separate letters to the United States Commodity Futures Trading Commission (CFTC) on March 7, highlights Coinbase’s belief in Dogecoin’s “enduring popularity” and its transcendence from a mere meme to a staple in the crypto world. Coinbase Derivatives, the exchange’s derivatives trading arm, intends to invoke the “self-certification” method to launch these futures contracts, ensuring compliance with the CFTC’s regulatory guidelines. This approach allows Coinbase to list the futures contracts on its platform without…
Coinbase has ascended to become a key infrastructure provider for the world’s largest asset manager – BlackRock’s novel blockchain fund. This collaboration marks a significant milestone in the integration of traditional finance with blockchain technology, particularly through the launch of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). BlackRock Delves Into Tokenization With BUIDL Announcement BlackRock’s revelation of BUIDL on Wednesday offers qualified investors a unique avenue to earn US dollar yields via blockchain. Through Securitize Markets, LLC, investors gain access to this novel fund, heralding a shift in investment dynamics. Observers were quick to note a significant transaction of…
Polygon’s Napoli hard fork, incorporating the RIP-7212 upgrade, marks a significant advancement in interoperability with mainstream tech by introducing support for the elliptic curve digital signature algorithm commonly used across the internet. The upgrade also aligns with Ethereum’s recent Denchun hard fork improvements, enhancing block space efficiency, limiting self-destruct opcode scope, and reducing memory copying […] Read the full article here