State Street Corp., a prominent player in traditional finance based in Boston, is reportedly looking into launching its own stablecoin and tokenized deposits to enhance payment settlement processes through blockchain technology. This move signifies the bank’s active efforts to delve into the world of cryptocurrencies and digital assets. In addition to focusing on stablecoin initiatives,
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In the world of cryptocurrency, the price of Bitcoin has been experiencing a significant surge over the past seven days. Despite initial concerns surrounding Mt. Gox’s customer repayment and general FUD in the market, trading data has led analysts at QCP Capital to believe that Bitcoin may be gearing up for an even bigger price
Kraken Institutional, the institutional investor division of the US-based crypto exchange Kraken, has recently announced the expansion of its custody services into the UK and Australia. This move comes after the division’s initial launch earlier this year and aims to provide institutional clients in these regions with the opportunity to securely store, manage, and transfer
A recent prediction by a prominent crypto analyst suggests that Bitcoin (BTC) is poised to reach a new all-time high of $100,000. The analyst, known as Scott Melker, has outlined several key factors that could drive Bitcoin’s price to this significant milestone. Melker’s bullish stance on Bitcoin’s future prospects is based on a variety of
In the fast-paced world of cryptocurrency, certain trends and phenomena tend to capture the attention of both seasoned investors and newcomers alike. One such trend that has gained significant traction in the first half of 2024 is the emergence of dog-themed meme coins. These digital assets, such as Dogecoin (DOGE) and Shiba Inu (SHIB), have
The Chicago Board Options Exchange (CBOE) has officially announced the launch date for Spot Ethereum ETFs, revealing that five Spot ETH ETFs will soon be available for trading in the cryptocurrency market. This news has generated a lot of excitement and anticipation among investors and analysts alike. On July 19, the CBOE made a significant
Over the past weekend, Bitcoin (BTC) experienced a significant rally in its price, suggesting a possible bottoming out of the crypto asset. Bitcoin surged to a high of $67,000, although it was trading around $64,000 at the time of this analysis. This increase comes after holders incurred their largest losses in 2024. Analysts at CryptoQuant
The trading volume on centralized exchanges has seen a significant decline of 21.8% in June, continuing a trend that started in March. The report by CCData highlights various factors contributing to this decline. One major factor is the decrease in open interest in derivatives exchanges, which fell by 9.67% to $47.11 billion in June. This
Cardano, one of the top 10 largest cryptocurrencies by market cap, has been facing a profitability crisis despite the recent recovery in the crypto market. A significant number of Cardano holders are still experiencing losses, raising concerns and sparking discussions about the reasons behind this concerning trend. According to data from IntoTheBlock, Cardano is currently
The recent hack of the India-based cryptocurrency exchange WazirX has raised concerns and questions about the security of digital assets stored on such platforms. While multiparty computation (MPC) wallet provider Liminal has stated that its infrastructure remains safe and was not compromised in the breach, there are still critical issues that need to be addressed.
