Ethereum Records Over a Million Transactions: A Precursor to a Bullish Run Amid Market Volatility?
Summary: Ethereum registers its second all-time high in daily transactions, with over 1 million unique wallets participating. The recent spike in network activity comes amid an otherwise bearish market for digital assets, including Ethereum. Experts forecast a bullish phase for Ethereum, supported by the increase in transactions. Despite a largely bearish phase for digital assets, […]
Deutsche Bank Partners with Taurus to Launch Crypto Custody Services
Deutsche Bank, one of Germany’s leading financial institutions, has announced its entry into the world of cryptocurrency custody through a strategic partnership with Taurus, a cryptocurrency infrastructure platform. The collaboration comes after Deutsche Bank’s participation in Taurus’ $65 million Series B fundraising round earlier this year. About Taurus Taurus, founded in Switzerland in 2018, […]
Bitcoin Mining’s Growing Green Trend: Challenging the Environmental Critique Introduction
The high energy consumption of Bitcoin has long been a contentious topic, with many critics pointing to its large carbon footprint as an environmental concern. However, Bloomberg cryptocurrency market analyst Jamie Coutts has produced a new report that casts Bitcoin mining in a more favorable light, suggesting the industry is on a path toward […]
Cosmos Hub Unveils Liquid Staking Module, Accelerating DeFi Integration and Easing Unbonding Periods
Cosmos Hub, a key blockchain within the larger Cosmos Network, has rolled out a significant upgrade introducing a liquid staking module. This comes as a game-changer for ATOM holders, allowing immediate unbonding of assets without the previous 21-day waiting period. What are ATOMs and How Were They Previously Treated? ATOM is the native token of […]
SEC Labels Stoner Cats NFTs as Unregistered Securities, Imposes Fines.
The Securities and Exchange Commission (SEC) has taken action against the creators of Stoner Cats, an animated web series featuring Hollywood stars Mila Kunis and Ashton Kutcher. According to an SEC order, the non-fungible tokens (NFTs) tied to the series were illegally offered as they were considered “unregistered securities.” The company behind the animated […]
FTX Gets Green Light to Liquidate and Hedge Crypto Assets
In a groundbreaking decision that could set a precedent for crypto exchanges facing financial difficulties, Judge John Dorsey of the U.S. Bankruptcy Court for the District of Delaware has given FTX the go-ahead to liquidate, stake, and hedge its cryptocurrency holdings. The ruling comes as a pivotal juncture for the beleaguered exchange, which sought […]
Ripple Acquires Trust to Amplify Financial Infrastructure: A Strategic Move that Could Boost XRP Demand
In a significant move to diversify its cross-border payment platform, San Francisco-based Ripple announced its acquisition of Fortress Trust, a specialist in financial infrastructure, licensing, and compliance. The acquisition, which builds on a pre-existing investment relationship, positions Ripple to broaden its regulatory reach and financial service offerings. With over 30 money transmitter licenses, a NY […]
Binance.US Undergoes Leadership Reshuffle Amid Regulatory Hurdles: Brian Shroder Departs, Norman Reed Steps In
In a seismic shift for the cryptocurrency exchange industry, Brian Shroder, the CEO of Binance’s U.S. operations, has exited his role, making way for Norman Reed, the company’s Chief Legal Officer, to serve as an interim leader. The leadership reconfiguration follows a dramatic downsizing that saw Binance US cut nearly a third of its […]
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