Tag: Cryptocurrency
Binance Research Warns Memecoins Pose Risk Amid Fundamental Innovation Frenzy
Binance Research recently released a report raising concerns about the risks associated with memecoins in the current market. The report highlighted that a staggering 97% of these tokens have either failed or become inactive...
OSL Group Expands into Japan with CoinBest Acquisition
OSL Group, a leading financial services provider, has recently made a strategic move by expanding into the Japanese market through the acquisition of CoinBest, a local crypto exchange. This acquisition, which includes an 81.38%...
Unveiling Solana’s High Transaction Attraction: VanEck’s Perspective
VanEck recently shared insights into Solana's appeal, emphasizing that the network's efficiency drives high transaction volumes and revenue growth, despite concerns about wash trading in memecoins. This news comes amidst speculation about the accuracy...
Real-Time Forex Swap Onchain: Citi and Fidelity Showcase Proof-of-Concept
Citi and Fidelity, two major players in traditional finance, have collaborated on a proof-of-concept for a digital foreign exchange swap within an onchain money-market fund. This innovative concept will be showcased at the upcoming...
Bitcoin’s Evolution: Entering a New Era at 16
On October 31, Bitcoin celebrated its 16th birthday, marking the day when Satoshi Nakamoto introduced the whitepaper that revolutionized the financial world. At 16, Bitcoin is no longer seen as a mere experiment but...
Proposed Deflationary Tokenomics in MakerDAO Rebranding: A Strategic Approach
Rune Christensen, the founder of Sky, formerly known as MakerDAO, has put forth a proposal for a strict deflationary approach to the governance token of the protocol. The community is set to vote on...
Bitcoin ETF AUM Surpasses 1 Million Bitcoin with $890 Million Inflow
Bitcoin has been making waves in the financial world, with the combined on-chain assets under management (AUM) of all spot Bitcoin ETFs surpassing 1 million Bitcoin. This significant milestone is a clear indication of...
Hong Kong Exchanges to Launch Crypto Index in November 2021
Hong Kong Exchanges and Clearing (HKEX) has announced that they will be launching a virtual asset index series on November 15th. This index is aimed at providing investors with transparent and reliable benchmarks for...
Unlocking the Potential: How Bitcoin’s Original Blockchain Could Revolutionize DeFi
The developers behind the BOB project, which stands for "Build everything on Bitcoin," have introduced a new vision paper outlining a design for a hybrid layer-2 network that could potentially position Bitcoin as the...
Cryptocurrency Market Update: Bitcoin Drops to $66K, Ether Falls 5% in Market Sell-Off
Cryptocurrencies experienced a significant decline today, following the downward trend in the traditional stock market. The CoinDesk 20 index, which tracks the top 20 cryptocurrencies based on market capitalization, excluding stablecoins and exchange coins,...
