Asset tokenization, particularly the tokenization of securities, has been recognized by SEC commissioner Mark Uyeda as having significant potential benefits. Uyeda highlighted the advantages of representing asset rights with digital tokens on a blockchain, such as enhanced security, transparency, and immutability. Moreover, he emphasized that tokenization eliminates the need for intermediaries, thus simplifying transactions and
The analyst, Sebastian, has made a bold prediction regarding the price of Cardano (ADA) reaching as high as $3 this year. One of the key reasons he pointed out was Cardano’s partnership with Argentina. The recent announcement of a partnership between the Cardano Foundation and Entre Ríos, a central province in Argentina, aims to promote
Recently, Ethereum has experienced a surge in notable withdrawals from centralized exchanges, indicating that crypto whales are optimistic about a potential price recovery. The decrease in ETH balances on exchanges has reached its lowest level since 2016, highlighting a significant shift in investor behavior. According to crypto analyst Ash Crypto, there has been a noticeable
In a recent announcement by the New York Attorney General’s (NYAG) office, the completion of a settlement with Gemini has resulted in the recovery of $50 million for users of the defunct Gemini Earn program. This marks a significant development in the legal dispute that arose from alleged misleading practices by Gemini. The settlement not
Ethereum is currently facing pressure in the market, with a significant 15% drop from its March 2024 levels. However, despite this downturn, on-chain data is pointing towards a bullish outlook for the digital asset. Analysts have noted a spike in ETH demand, particularly from permanent holders. These holders are most likely institutions with substantial capital
Recent insights from crypto analyst TechDev have shed light on the future trajectory of Bitcoin. According to the analyst, Bitcoin has not yet reached its full potential in the current market cycle, indicating that there may be more price surges ahead for the flagship cryptocurrency. TechDev’s analysis suggests that Bitcoin is poised to make a
The cryptocurrency market has been experiencing a period of sideways movement, with Bitcoin struggling to break past the $67K mark. Despite attempting to exceed $68K recently, the price was met with selling pressure, resulting in a 1% loss over the past 24 hours. This choppy action has led to the liquidation of over $110 million
The recent Bitcoin options expiry event included around 20,000 contracts with a notional value of $1.35 billion. Although the impact of today’s expiry is expected to be minimal due to its smaller size compared to previous weeks, traders are closely watching upcoming events. On June 28, a massive Bitcoin options expiry with $6.7 billion in
STORM Partners, a blockchain services provider, recently made a significant announcement at the Web3Fest event in Switzerland’s “Crypto Valley.” Alongside other major projects in the cryptocurrency space, such as Cardano (ADA) and MultiversX, the company unveiled the “Lightningbox” – a new Web3 Sandbox. This announcement was coupled with the relocation of STORM Partners’ headquarters from
The world of cryptocurrency has always been filled with controversies and scandals, and the latest allegations of insider trading in meme coin projects promoted by Andrew Tate and Iggy Azalea have once again brought the issue to the forefront. Blockchain analytics platform Bubblemaps recently came forward with claims of suspicious activity surrounding the launch of
