Articles

Bitcoin Surpasses $66,000 amid CPI Data Release
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Bitcoin Surpasses $66,000 amid CPI Data Release

Bitcoin (BTC) has surged over 6%, surpassing $66,000 following the release of the US Consumer Price Index (CPI) data on May 15. Currently, BTC is trading at $65,780 with a market cap of $1.295 trillion. This price increase is seen as a significant breakout above the $64,000 resistance level, potentially setting the stage for further...

German State-Owned Bank to Launch Blockchain-Based Digital Bonds
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German State-Owned Bank to Launch Blockchain-Based Digital Bonds

The German state-owned bank, Kreditanstalt für Wiederaufbau (KfW), has announced its plans to issue its first blockchain-based digital bonds by summer 2024. These bonds will be managed using blockchain technology to ensure secure and transparent transactions and are classified as crypto securities under the German Electronic Securities Act (eWpG). KfW has partnered with major financial...

Binance Secures Full VASP License in Dubai, Signaling Expansion and Compliance Commitment
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Binance Secures Full VASP License in Dubai, Signaling Expansion and Compliance Commitment

Binance has successfully acquired the comprehensive Virtual Asset Services Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), marking a significant expansion of its operations within Dubai’s financial market. This milestone follows the Operational MVP license obtained in July 2023, which initially allowed Binance FZE to offer limited services to institutional and qualified investors...

Korean Crypto Markets Experience Surge in Trade Volume, Hitting 2-Year High
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Korean Crypto Markets Experience Surge in Trade Volume, Hitting 2-Year High

In the first quarter of 2024, Korean cryptocurrency markets achieved their highest trade volumes in over two years, with the Korean Won (KRW) surpassing the US Dollar (USD) in cumulative trade volume. This surge is attributed to an improved macroeconomic environment and increased competition among local exchanges, as detailed by blockchain analytics firm Kaiko. Historically...

Mixed Signals in Bitcoin ETF Market Amidst Grayscale’s Record Outflows
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Mixed Signals in Bitcoin ETF Market Amidst Grayscale’s Record Outflows

The landscape of Bitcoin ETFs in the US is witnessing a paradox of flows, with the recent market activities reflecting a mixed sentiment among investors. After a sequence of inflows, the Bitcoin ETF market encountered a significant net outflow, primarily attributed to a massive withdrawal from Grayscale’s GBTC fund, which saw a record outflow of...

Visa Surpasses One Billion Tokens in Asia-Pacific, Boosting Digital Payment Security
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Visa Surpasses One Billion Tokens in Asia-Pacific, Boosting Digital Payment Security

Visa has announced a major achievement in the Asia-Pacific region, with its Visa Token Service (VST) generating over one billion tokens. This milestone underscores significant progress in enhancing the security and efficiency of digital payments. Launched in 2014, VST improves the safety of online transactions by substituting traditional 16-digit credit and debit card numbers with...

Bitcoin Recovers After a Volatile Weekend
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Bitcoin Recovers After a Volatile Weekend

In the wake of a particularly tumultuous weekend for cryptocurrencies, Bitcoin has started to claw back its losses, showing signs of recovery. The leading digital currency experienced a sharp decline but has since begun to rebound, with investors and analysts closely watching for signs of a sustained resurgence. The past week’s economic developments have cast...

BlockDAG Innovates the Crypto Mining Industry with Smartphone Solution
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BlockDAG Innovates the Crypto Mining Industry with Smartphone Solution

BlockDAG has recently made headlines with its innovative approach to the $2.17 billion cryptocurrency mining sector, as revealed in their latest keynote. This strategic development introduces a new era in crypto mining, aimed at democratizing the process through the use of smartphones. Leveraging Kaspa’s technology, BlockDAG promises enhanced speed, safety, and scalability in the crypto...

Nigeria Enforces Crypto Exchange Ban Amid Naira Decline
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Nigeria Enforces Crypto Exchange Ban Amid Naira Decline

Nigeria has initiated a blockade on several leading cryptocurrency exchanges, including Binance, Coinbase, and Kraken, in an effort spearheaded by the Nigerian Communications Commission (NCC). This drastic measure aims to curb currency speculation and stabilize the rapidly depreciating naira, which has hit record lows against the dollar. The telecoms regulator’s directive to restrict access to...

Decentralized Crypto Exchange FixedFloat Suffers $26 Million Hack
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Decentralized Crypto Exchange FixedFloat Suffers $26 Million Hack

FixedFloat, a decentralized and non-KYC (Know Your Customer) cryptocurrency exchange, has fallen victim to a significant security breach, resulting in a loss of over $26 million. The breach involved the theft of 409 Bitcoin (BTC) and 1,728 Ethereum (ETH), marking a substantial financial setback for the exchange. The hacking incident initially came to light through...