Cryptocurrency

FINMA-supervised unit renamed Matrixport Asset Management AG SINGAPORE, Sept. 30, 2024 /PRNewswire/ — Matrixport, a leading all-in-one crypto financial services hub, today announced the completion of its all-cash acquisition of Crypto Finance (Asset Management) AG (“CFAM”), a licensed Swiss crypto asset manager that was previously part of the Deutsche Börse Group-owned Crypto Finance Group (CFG). Renamed

SINGAPORE, Sept. 27, 2024 /PRNewswire/ — OKX, a leading onchain technology company and an Official Primary Partner of the McLaren Formula 1 Team, today released the second installment of its ‘My Fabric’ campaign featuring McLaren F1 driver Oscar Piastri. In the video, the rising star reflects on his journey from young junior driver to his

DUBAI, UAE, Sept. 27, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Block Scholes, a renowned quantitative finance firm, has released its latest crypto derivatives analytics report. The report provides a comprehensive analysis of the crypto market’s response to the Federal Reserve’s recent rate cut and highlights key

WILLEMSTAD, Curacao, Sept. 27, 2024 /PRNewswire/ — BC.GAME, a leading crypto gaming platform, has officially announced the launch of the $BC Mining Rush, an exclusive event with a staggering prize pool of 1 billion $BC tokens. The event will run from October 1 to October 20, 2024, with pre-registration starting on September 24, offering players the

New Dubai crypto regulations are set to enforce stricter guidelines for virtual asset companies operating within the United Arab Emirates (UAE). The Virtual Assets Regulatory Authority (VARA), Dubai’s cryptocurrency regulator, has updated its advertising policies, requiring crypto companies to provide clear risk disclaimers. This move aims to enhance consumer awareness of the volatile nature of

PayPal Holdings, Inc. (NASDAQ:PYPL) has taken a significant step in the world of digital currencies by expanding its cryptocurrency offerings to U.S. business accounts. With this move, PayPal is responding to the growing demand from merchants who wish to engage in the cryptocurrency market. The company announced that U.S. businesses can now buy, hold, and

As the cryptocurrency market experiences notable fluctuations, Ether (ETH) has become a focal point of interest for investors. With rising liquidations, understanding key levels of this digital asset is crucial. Recent data points to significant liquidations in the Ether market, driven by heightened volatility. Such liquidations often lead to price corrections, making it essential for

Bitcoin has seen a notable slip below the $67,000 mark, a significant downturn that comes on the back of recent outflows from Bitcoin-related exchange-traded funds (ETFs). This decline in Bitcoin’s value arrives just ahead of an important Federal Reserve meeting and the release of new inflation data, which are anticipated to have substantial impacts on

The cryptocurrency market witnessed a significant downturn recently, with Ether stumbling after an ETF nod and Bitcoin sliding below $68,000. Investors are grappling with the volatile nature of digital currencies, leading to widespread uncertainty. Ether, often seen as the second most influential cryptocurrency after Bitcoin, experienced a notable drop following the announcement of an ETF

BlackRock Inc. (NYSE:BLK) has made significant waves in the cryptocurrency market with its Bitcoin ETF, which has become the largest of its kind. This development has brought a new level of legitimacy and interest to the cryptocurrency space. The ETF’s success is attributed to a combination of institutional backing, favorable market conditions, and the growing

Bitcoin, the world’s largest cryptocurrency, recently surged past $63,000, marking a significant milestone in its volatile journey. This rally coincides with the Federal Reserve’s announcement of an interest rate cut, aimed at stimulating the economy during uncertain times. The cryptocurrency market has been highly reactive to macroeconomic policies, and this latest move by the Fed

Binance, one of the largest cryptocurrency exchanges in the world, has experienced a significant 40% surge in institutional and corporate investment during 2024, according to CEO Richard Teng. This boost marks a pivotal year for the platform, which has maintained its growth trajectory despite challenges in 2023, including a leadership change and financial penalties. Binance’s

Bitcoin prices dropped significantly after news emerged about repayments related to the infamous Mt. Gox hack. The repayment process, which involves distributing a large amount of Bitcoin to creditors, has caused a ripple effect throughout the cryptocurrency market, unsettling investors. Mt. Gox, once the largest Bitcoin exchange in the world, filed for bankruptcy in 2014

After 14 months of maintaining federal interest rates in the range of 5.25% to 5.5%, the Federal Reserve is set to announce a reduction in rates. For the cryptocurrency market, Fed rate cuts could signal a positive shift. The decision, expected during the Federal Open Market Committee meeting, is anticipated to be significant, with markets

Projects will showcase across four Realms: Culture & Community, Decentralized Finance, Gaming and Etherlink at the iconic CHIJMES Hall. The event will be held at a restored early Gothic style 19th Century chapel that is now a national monument. Tezos Realm will be headlined by renowned DJ Agoria aka Sébastien Devaud , a longtime Tezos ecosystem

VICTORIA, Seychelles, Sept. 14, 2024 /PRNewswire/ — In a prompt response to the devastating impact of Typhoon Yagi in Northern Vietnam, KuCoin is committed to airdropping up to 10,000 KCS to support the communities affected by the disaster. This donation is designed to provide immediate aid and support the recovery efforts of those impacted. KuCoin

DeFi Technologies’ subsidiary Reflexivity Research announces its inaugural Crypto Investor Day, set for October 25th, 2024, in New York City. The event is expected to bring together nearly 1,000 industry leaders and top minds from both crypto and traditional finance, including speakers from VanEck, Nelson Mullins, Tether, Ripple Labs, Fidelity Digital Assets, White & Case,

Worldcoin, a rising player in the decentralized identity space, recently made headlines with a significant expansion of its World ID feature to the Solana blockchain through the Wormhole interoperability platform. This development, announced on September 13, comes as part of the Worldcoin Foundation’s efforts to extend its decentralized identity verification system across multiple blockchains. Worldcoin

SINGAPORE, Sept. 11, 2024 /PRNewswire/ — Zilliqa, the established layer-1 blockchain platform that pioneered sharding technology, is excited to announce the launch of the Jasper proto-testnet for Zilliqa 2.0, the first release on its roadmap for its new, upgraded network designed to drive mass adoption of Web3. This significant milestone sees the first Zilliqa 2.0

The latest consumer price index (CPI) data released for August shows a continued slowdown in inflation growth, and this could signal more upside for the cryptocurrency market. As inflation nears the Federal Reserve’s 2% target, traders are becoming increasingly optimistic about future rate cuts, which could lead to long-term rallies in risk assets like Bitcoin

The rise of cryptocurrency has produced an increasing number of millionaires, with Bitcoin (BTC) and Ethereum (ETH) leading the way. According to the Crypto Wealth Report 2024 from Henley & Partners, there are now 172,300 crypto millionaires globally—a 95% increase from the previous year. These individuals hold key cryptocurrencies, particularly Bitcoin and Ethereum, which have

Stocks tied to Bitcoin exposure saw a notable recovery this week as Bitcoin (BTCUSD) managed to pare some of the losses it suffered on Friday. The crypto stocks recovery was fueled by Bitcoin’s resurgence above $56,000 after dropping to around $52,600 last week. Despite this rebound, Bitcoin still remains below its highs from earlier in

Coinbase Global, Inc. (NASDAQ:COIN) has recently seen a positive shift in its outlook, despite ongoing market challenges. Barclays analyst Benjamin Budish upgraded the stock from “Underweight” to “Equal-Weight,” recognizing the company’s improved position in the rapidly evolving cryptocurrency space. The Coinbase crypto resilience is evident in its ability to adapt to changing regulations and maintain

Nvidia Corp. (NASDAQ:NVDA), the leading manufacturer of artificial intelligence chips, has experienced a significant market shake-up in recent weeks. The Nvidia stock volatility has surged, wiping out more than $400 billion in market value, causing ripples across equity benchmarks and sparking investor concerns about the health of the broader U.S. economy. Once hailed as a

Chris Larsen, Co-Founder and Executive Chairman of Ripple Labs, has joined a group of 88 corporate leaders endorsing Vice President Kamala Harris for the 2024 U.S. presidential race. This move highlights potential divisions among industry leaders regarding political support, especially within the cryptocurrency sector. Larsen’s decision to back Harris contrasts with the more conservative leanings

BCB Group, a leading payments processor connecting crypto firms to the banking system, has garnered acquisition interest from an investor, according to sources familiar with the matter. This interest emerged while the London-based company was in the process of exploring a Series B funding round. Although BCB Group is not formally up for sale, the

The cryptocurrency market has been rocked by significant fluctuations, with Bitcoin ETF losses continuing to accumulate. On September 3, spot Bitcoin exchange-traded funds experienced their fifth consecutive day of outflows, totaling $287.8 million in negative flows. As the market grapples with sharp declines, Bitcoin ETFs now hold a total net asset value of $52.7 billion,

Ripple is set to significantly enhance the XRP Ledger by integrating Ethereum-compatible smart contracts through a new sidechain. This development marks a major step forward for the XRP ecosystem, expanding its capabilities beyond basic transactions to include complex applications such as decentralized exchanges, token issuance, and more. The integration of smart contracts will make the

Unlimit, a leading fintech company, has expanded its partnership with Alchemy Pay, a prominent fiat-to-crypto payment gateway, to enhance their service offerings and reach in key global markets. This collaboration aims to streamline the process of converting fiat currencies to cryptocurrencies, making it more accessible and user-friendly for consumers worldwide. The focus on fiat-to-crypto payments

The recent behavior of Bitcoin in the cryptocurrency market has sparked widespread debate, with its price retreating from all-time highs while altcoins experience even sharper declines. However, a closer examination of the underlying data presents a more nuanced view. Far from signaling market weakness, the current conditions might actually be setting the stage for Bitcoin’s