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Coinbase to Relocate New York Office to Larger Flatiron District Space
-Coinbase, the prominent cryptocurrency exchange, is making a strategic move by relocating its New York office from Hudson Yards to One Madison in Manhattan’s Flatiron District. The decision comes as part of a larger plan to expand its workspace, according to a source familiar with the matter who spoke to The Block. The Commercial Observer … Continue reading "Coinbase to Relocate New York Office to Larger Flatiron District Space"
Tether Expands Focus, Forms Four Divisions Beyond Stablecoins
-Tether, the issuer of the world’s largest stablecoin, is undergoing a reorganization to reflect its expansion into various aspects of the digital asset space. The company has formed four divisions – Data, Finance, Power, and Edu(cation) – to signify its broadening focus beyond stablecoins. According to Tether, these divisions represent its diversified mission, with each … Continue reading "Tether Expands Focus, Forms Four Divisions Beyond Stablecoins"
Binance Plans India Comeback Despite $2 Million Penalty
-Crypto exchange Binance is reportedly contemplating a comeback to India’s market after being banned in late 2023, with the potential re-entry subject to a penalty of around $2 million, as per the Economic Times report on Thursday. The platform’s prospective return hinges on its registration with the finance ministry’s Financial Intelligence Unit (FIU), responsible for … Continue reading "Binance Plans India Comeback Despite $2 Million Penalty"
BlackRock’s IBIT Nears Grayscale Market Share Despite Inflows
-BlackRock’s (NYSE:BLK)iShares Bitcoin Trust (NASDAQ:IBIT) is closing in on Grayscale’s dominance in the Bitcoin trust market, with impressive growth despite minimal inflows. According to data released on April 17, IBIT holds a significant market share of 32.6%, just trailing behind Grayscale’s Bitcoin Trust with 36.8%. IBIT’s remarkable rise began since its approval on January 10, … Continue reading "BlackRock’s IBIT Nears Grayscale Market Share Despite Inflows"
Shift in Crypto Sentiment Suggests Potential Bitcoin Price Reversal
-Social media indicators are signaling a shift toward bearish sentiment among cryptocurrency enthusiasts regarding the future trajectory of Bitcoin’s price. Historically, periods of bearish sentiment in the crypto community have often coincided with market bottoms, reflecting a sentiment that aligns with American poet and novelist Charles Bukowski famously asserted that the masses are consistently mistaken, … Continue reading "Shift in Crypto Sentiment Suggests Potential Bitcoin Price Reversal"
Kraken Bolsters U.S. Presence with Acquisition of TradeStation Crypto
-Cryptocurrency exchange Kraken has acquired TradeStation Crypto, the digital asset-focused division of online brokerage TradeStation, to expand its regulatory licensing and presence in the United States. TradeStation Crypto, based in Florida, has obtained money transmitter and other regulatory licenses across most U.S. states in recent years. Kraken’s acquisition of TradeStation Crypto marks a strategic step … Continue reading "Kraken Bolsters U.S. Presence with Acquisition of TradeStation Crypto"
Bitcoin Maintains Position Above Key $60,000 Threshold
-Bitcoin maintains its position above the significant threshold of $60,000, marking a resurgence amid recent dips that saw it hit six-week lows. Short-covering activity has been notably active, contributing to this upward trend. Despite recent corrections, Bitcoin continues to assert its dominance within the cryptocurrency market, attracting investors who are turning away from riskier currencies. … Continue reading "Bitcoin Maintains Position Above Key $60,000 Threshold"
Crypto Crowd’s Pessimistic Shift Suggests Potential Bitcoin Rebound
-Recent data from analytics firm Santiment indicates a notable shift in sentiment within the crypto community, signaling a growing bearish inclination. The sentiment within the crypto community regarding the trajectory of Bitcoin’s price appears to be turning bearish, according to metrics derived from social media activity. This trend, historically observed, often coincides with market bottoms. … Continue reading "Crypto Crowd’s Pessimistic Shift Suggests Potential Bitcoin Rebound"
Decade-Old Dogecoin Wallet Misses Out on Millions
-In the volatile world of cryptocurrency, timing is everything. A recent example highlights the missed opportunities faced by some traders, particularly one long-time Dogecoin investor. This investor, whose wallet had been accumulating DOGE since 2013, made a crucial decision to sell their tokens in late 2023, just before a significant price surge. Let’s delve into … Continue reading "Decade-Old Dogecoin Wallet Misses Out on Millions"
Aptos Partners with Tech Giants for DeFi Integration
-Aptos Labs, creators of the Aptos layer-1 blockchain, announced a strategic collaboration with Microsoft(NASDAQ:MSFT), Brevan Howard, and South Korean telecommunications giant SK Telecom(NYSE:SKM) to provide institutional access to decentralized finance. The partnership introduces Aptos Ascend, a comprehensive suite of institutional solutions facilitating regulatory compliance, privacy in transactions and accounts, and streamlined know-your-customer processes. In response … Continue reading "Aptos Partners with Tech Giants for DeFi Integration"
Fantasy Crypto Trading Card Game Debuts on Blast Mainnet with Points Airdrop
-Fantasy, a crypto trading card game allowing users to trade crypto influencers as cards, has launched on Blast mainnet. The project garnered $600,000 in funding in February. Fantasy, the crypto trading card game, is now live on Blast mainnet after a successful testnet phase. Users can trade crypto influencers portrayed as trading cards on the … Continue reading "Fantasy Crypto Trading Card Game Debuts on Blast Mainnet with Points Airdrop"
Solana Betting Platform Parcl Sees 40% TVL Drop Following Airdrop
-Solana-based decentralized betting platform Parcl has experienced a significant decline in total value locked (TVL), losing approximately 40% since early April, as reported by DefiLlama data. Other Solana-based airdrop tokens, including W and TNSR, have also witnessed notable declines in value. Since its airdrop snapshot on April 3, Parcl has witnessed approximately $74 million exiting … Continue reading "Solana Betting Platform Parcl Sees 40% TVL Drop Following Airdrop"
Bitcoin Halving: Impacts and Uncertainties
-In just three days, Bitcoin will undergo its next halving event, a significant occurrence in its price history. Scheduled approximately every four years, this event, ingrained in the cryptocurrency’s source code, aims to introduce anti-deflationary features to Bitcoin. While past halvings have contributed to price appreciation, the dynamics this time around might differ. Here’s what … Continue reading "Bitcoin Halving: Impacts and Uncertainties"
Bernstein Advises Buying Bitcoin Miners’ Stocks Ahead of Halving
-Bernstein, a brokerage firm, recommends purchasing stocks of bitcoin miners Riot Platforms (NASDAQ:RIOT) and CleanSpark (NASDAQ:CLSK) ahead of the impending halving event. They anticipate a bullish trajectory for Bitcoin post-halving, once mining hashrates adjust to reduced rewards and ETF inflows pick up. Despite concerns over profitability following the halving, Bernstein maintains a positive outlook on … Continue reading "Bernstein Advises Buying Bitcoin Miners’ Stocks Ahead of Halving"
Goldman Warns Against Using Past Bitcoin Halving Cycles for Price Forecasts
-With Bitcoin’s fourth mining reward halving imminent, Goldman Sachs urges investors to exercise caution in extrapolating past halving cycles for price predictions, emphasizing the role of macroeconomic conditions and inflows into spot ETFs. While previous halvings have historically coincided with Bitcoin price appreciation, Goldman’s Fixed Income, Currencies, and Commodities (FICC) and Equities team warns against … Continue reading "Goldman Warns Against Using Past Bitcoin Halving Cycles for Price Forecasts"
Bitcoin ATMs Surge in Black and Latino Neighborhoods, Imposing Fees as High as 22%
-The resurgence of digital assets in mainstream finance brings attention to Bitcoin automated teller machines (BTMs), with experts cautioning against the financial risks inherent in these machines, particularly in areas predominantly inhabited by Black and Latino residents. BTMs, physical kiosks facilitating crypto conversions, have proliferated, especially during the pandemic, reaching approximately 31,100 units nationwide. However, … Continue reading "Bitcoin ATMs Surge in Black and Latino Neighborhoods, Imposing Fees as High as 22%"
Kraken Launches Wallet, Competes With Coinbase & MetaMask
-Kraken, the second-largest U.S.-based crypto exchange, has unveiled its own crypto wallet, joining the ranks of competitors such as Coinbase(NASDAQ:COIN) and MetaMask in the saturated market. The newly launched self-custodial “Kraken Wallet,” debuting on Wednesday, offers support for eight blockchains including Bitcoin, Ethereum, Solana, and Dogecoin. Notably, it is the first wallet from a major … Continue reading "Kraken Launches Wallet, Competes With Coinbase & MetaMask"
Worldcoin Launches World Chain for 1 Billion Users
-Worldcoin, co-founded by Sam Altman, announced the launch of World Chain, a blockchain aiming to onboard all humans onto the chain. The new network is designed to scale Worldcoin and Ethereum to accommodate over 1 billion users. The developer preview is expected soon, with the full launch slated for later this summer. Worldcoin’s user transactions … Continue reading "Worldcoin Launches World Chain for 1 Billion Users"
Centrifuge Raises $15M, Plans RWA Lending on Coinbase’s Base
-Centrifuge, a decentralized finance platform, revealed its intentions in a Wednesday blog post to establish a lending protocol for real-world assets aimed at institutions on Base, an Ethereum layer-2 network developed by crypto exchange Coinbase. According to the post, the protocol will enable verified institutions to onboard RWAs and borrow against their RWA holdings. Anthony … Continue reading "Centrifuge Raises $15M, Plans RWA Lending on Coinbase’s Base"
PayPal Adjusts Policies, Removes Protections for NFT Transactions
-In a recent update to its terms of service, PayPal has announced significant changes to its buyer and seller protection policies for non-fungible token (NFT) transactions, effective May 20. Under the new policy, NFT purchases will no longer be covered by PayPal’s buyer protection program. Additionally, NFT sales exceeding $10,000 will no longer be safeguarded … Continue reading "PayPal Adjusts Policies, Removes Protections for NFT Transactions"
Exploring the Niche Market of Gold-Backed Stablecoins
-As geopolitical tensions fuel record highs in the price of gold, one might expect a surge in activity within the gold stablecoin market. However, historical trends reveal a rather subdued landscape in this niche subsector. Tether’s XAUT and Paxos’ PAXG stand as the major players in the gold stablecoin market. Yet, compared to their dollar … Continue reading "Exploring the Niche Market of Gold-Backed Stablecoins"
Tether and Fuze Partners to Boost Digital Asset Awareness in Turkey and the Middle East
-Tether (USDT) has formed a partnership with Fuze, a digital assets infrastructure provider, to bolster education and awareness about digital assets in Turkey and the Middle East. The collaboration, detailed in an official press release, entails a Memorandum of Understanding (MoU) between the two entities, outlining mutual objectives without legal binding. The joint efforts between … Continue reading "Tether and Fuze Partners to Boost Digital Asset Awareness in Turkey and the Middle East"
Shiba Inu Faces Downturn Amidst Meme Coin Market Volatility
-The Shiba Inu (SHIB) price has significantly declined 8% today, dropping to $0.0000216, mirroring a broader 4.5% dip in the crypto market over the past 24 hours. Over the past week, SHIB has fallen by 24%, and in the last 30 days, it has experienced a 16% decline, although it still maintains an 85% gain … Continue reading "Shiba Inu Faces Downturn Amidst Meme Coin Market Volatility"
Bitcoin Depot Thrives Amid Cryptocurrency Volatility
-Bitcoin Depot, the largest Bitcoin ATM operator in the United States, has defied the highly volatile nature of cryptocurrency prices, revealing robust revenues in its recently filed 10-K annual report. Despite the rollercoaster ride of cryptocurrency prices, the company’s revenues in 2023 and 2022 amounted to $689 million and $647 million, respectively, showcasing resilience to … Continue reading "Bitcoin Depot Thrives Amid Cryptocurrency Volatility "
Bitcoin’s Bullish Potential Ahead of Halving: Could the Rally Continue?
-With the upcoming Bitcoin ‘halving’ on the horizon, cryptocurrency traders are abuzz with speculation about whether the digital currency’s current rally is just the beginning of a larger surge this year. The halving, a pivotal event in Bitcoin’s blockchain technology, aims to reduce the rate at which new bitcoins are generated, historically triggering substantial price … Continue reading "Bitcoin’s Bullish Potential Ahead of Halving: Could the Rally Continue?"
Bored Ape NFT Prices Plummet 90%: Are NFTs Doomed?
-The value of Bored Ape NFTs has seen a drastic decline of 90%, dropping from a peak of 120 ETH to 10 ETH currently. During the cryptocurrency bull run of 2021, Bored Apes Yacht Club (BAYC) NFTs soared in demand, becoming one of the most sought-after collections. However, they have since fallen victim to a … Continue reading "Bored Ape NFT Prices Plummet 90%: Are NFTs Doomed?"
Bitcoin Depot Thrives Amid Cryptocurrency Volatility
-Bitcoin Depot, the largest Bitcoin ATM operator in the United States, has demonstrated remarkable resilience in its revenues despite the volatile nature of cryptocurrency prices. According to its recently filed 10-K annual report on April 15, the company disclosed revenues of $689 million in 2023 and $647 million in 2022, indicating a strong performance unaffected … Continue reading "Bitcoin Depot Thrives Amid Cryptocurrency Volatility"
Schiff Predicts Bitcoin Slump to $20K
-Renowned Bitcoin critic Peter Schiff recently forecasted a potential downturn in BTC’s price to $20K, accompanied by a caution about MicroStrategy’s holdings. Schiff emphasized the significance of Bitcoin’s $60K support level, hinting at a possible “triple top” pattern. Expressing concerns, Schiff suggested that a dip below the $60K mark might trigger a substantial decline, potentially … Continue reading "Schiff Predicts Bitcoin Slump to $20K"
Adidas Teams Up with Crypto Fitness App Stepn for NFTs
-Adidas and the crypto fitness app Stepn have joined forces, marking the beginning of a collaboration set to encompass both NFTs and physical merchandise. The partnership’s inaugural offering will be an NFT collection, with plans for tangible products in the pipeline, as per Stepn’s announcement. The collaboration will commence with the Stepn x Adidas Genesis … Continue reading "Adidas Teams Up with Crypto Fitness App Stepn for NFTs "
Ethereum Validator Queue Reaches Peak Levels since September 2023
-EigenLayer recently unveiled its presence on the Ethereum mainnet, marking a significant development in the Ethereum ecosystem. One of the primary avenues to participate in EigenLayer involves contributing to the security of Ethereum and amplifying interest in staking activities. Staking on Ethereum has gained considerable momentum, particularly with the surge in popularity of restaking methods, … Continue reading "Ethereum Validator Queue Reaches Peak Levels since September 2023"
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