In the past seven days, the cryptocurrency market has seen significant growth, with the total capitalization reaching $2.55 trillion, an increase of over $150 billion. One of the frontrunners in this surge is Bitcoin, which experienced an 11% increase in value. Although Bitcoin did not claim the top spot in terms of performance, its upward
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Recently, the Hong Kong police arrested three individuals suspected of defrauding a businessman out of HK$3.11 million in crypto assets. This incident sheds light on the rising cases of deception involving cryptocurrency transactions in the region. The suspects offered the businessman three bundles of counterfeit HK$1,000 banknotes, with only two genuine banknotes hidden on the
State Street Corp., a prominent player in the traditional finance sector based in Boston, is delving into the realm of cryptocurrencies by exploring the launch of its stablecoin and tokenized deposits. The company aims to enhance payment settlement processes by leveraging blockchain technology. State Street’s endeavors align with its strategic vision to streamline global payments
Kraken Institutional, the division catering to institutional investors of the US-based crypto exchange Kraken, has announced the expansion of its custody services into the UK and Australia. This move is significant as it marks the first international venture for Kraken Custody since its initial launch earlier this year. According to a press release, institutional clients
The recent rally in the price of bitcoin has sparked optimism among investors, with the crypto asset reaching highs of $67,000. Despite this, it is currently trading around $64,000. Analysts at CryptoQuant have pointed to on-chain metrics suggesting positive momentum in the near term. However, concerns have been raised about the sustainability of this rally
Trading volume on centralized exchanges experienced a significant decline of 21.8% in June, marking the third consecutive month of diminishing activity since March. A report by CCData revealed that the combined spot and derivatives trading volume across these platforms amounted to $4.2 trillion, a sharp drop from the peak of $9 trillion recorded earlier in
In the fast-evolving world of cryptocurrency, dog-themed meme coins have recently captured the attention of investors and traders alike. Coins like Dogecoin (DOGE), Shiba Inu (SHIB), Floki Inu (FLOKI), and dogwifhat (WIF) have experienced significant growth in the first half of 2024. This surge in popularity can be attributed to their strong communities, active social
Ethereum had an impressive week, closing with a 12% price increase. The market rally allowed ETH to establish $3,300 as key support, setting a new base for buyers to aim for $4,000. This level will also serve as crucial resistance, with the last test in May resulting in rejection from sellers. Optimism is on the
Shiba Inu, a popular meme coin, recently saw a significant increase in its burn rate, with a whopping 450% surge in the past 24 hours. This surge resulted in nearly 50 million tokens being sent to a null address. While the USD equivalent of this may seem insignificant, the continuous efforts to reduce the circulating
Ethereum co-founder Vitalik Buterin recently issued a cautionary statement against aligning political support solely with a candidate’s pro-crypto stance. He highlighted the broader values of individual freedoms and technological advancement that should be considered when evaluating political figures. Buterin argued that focusing solely on cryptocurrency could potentially undermine the fundamental principles that guided the industry’s
