WWW.BLOCKCAST.CCHong Kong Securities & Futures Commission concluded its consultation about crypto trading platforms regulation a week ago. Meanwhile, the move has opened the doors for retail investors to participate in crypto trading, concurrently promoting cryptocurrency adoption. However, Hong Kong highlighted that retail players could only trade top assets, including Bitcoin and Ethereum, citing volatility. Also, […]
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Ripple‘s investment partner Tranglo has revealed a significant move, collaborating with Al Ansari Exchange. Al Ansari is the largest forex and remittance firm in the United Arab Emirates (UAE). The UAE-based remittance firm boasts an enormous client base (of over three million) and completes approximately 130,000 transactions daily. Such figures show the exchange holds a […]
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Ethereum (ETH), the second-largest crypto by market cap, gained around 3% over the past day to climb above $1,900 on Monday. The altcoin follows Bitcoin‘s moves. Invezz.com news revealed that Bitcoin renewed its upward momentum after the debt ceiling tentative deal. Ethereum sees increased optimism after an inactive whale address transferred ETH tokens over the […]
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In what appeared to be among the most publicized acquisitions within the crypto world in 2023, blockchain payments company Ripple Labs acquired Metaco. Metaco is Swiss-based asset custody that focuses on trading and decentralized finance. The acquisition was crucial as it could help Ripple Labs cement its footprints in the EU. Reports revealed that the […]
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The cryptocurrency industry witnessed another massive security attack, with Jimbos, an Arbitrum-based protocol, being the latest victim. The suspected hack breached the liquidity protocol, resulting in enormous losses of around 4,000 Ethereum (ETH), worth around $7.5M. The jimbos protocol, the Arbitrum liquidity protocol, was suspected of being attacked and more than 4,000 ETH (approximately $7.5 […]
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Cryptocurrency prices kick-started upside moves on Sunday amidst notable market developments. Bitcoin (BTC) soared past the $27K region following the debt ceiling agreement news from President Joe Biden and Speaker Kevin McCarthy. Biden revealed the deal on Twitter, terming the move as crucial in reducing spending. Earlier this evening, Speaker McCarthy and I reached a […]
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Cryptocurrency prices appear lucrative on Saturday as Bitcoin and alts turn green. However, Ripple (XRP) stole the show as far as price actions in the top ten cryptos are concerned. The remittance token surged around 2% over the last day. Meanwhile, accumulation by large wallet holders contributes to XRP’s enhanced sentiment. XRP traded at 1.77% […]
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Five months after raising the DAI savings rate (DSR) to 1%, the MakerDAO community is expected to soon vote on a new proposal that seeks to increase the DSR further to 3.33%. The last rate hike saw 35 million DAI stablecoins deposited in a span of a month and if the new proposal is to […]
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The MultiChain protocol and its native token, the MULTI, have been in the limelight in today’s crypto news following reports of transactions on the Multichain protocol being delayed across multiple cross-chain bridges without a clear explanation. This has led to a huge sell-off that resulted in the MULTI price dropping by 20% at press time. […]
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As the crypto industry continues to grapple with an increasingly tough regulatory landscape in the US, Asia is stepping in as the desired destination. The trend is one that could see the region play an integral role in crypto’s innovation and ultimate adoption, experts say. Helping this outlook is the region’s crypto-friendly regulations, growing venture […]
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