The Central Bank of Ireland has approved Ramp Network as a Virtual Asset Service Provider (VASP). Ramp Network is a financial technology business that is developing payment rails to link cryptocurrency to the global financial system. The Irish division of Ramp Network, being a registered VASP, will provide services that let
May 24, 2024 2 mins read
Paul Grewal, chief legal officer of Coinbase, made the announcement on May 23 that New York consumers may trade XRP on the crypto exchange again after a nine-month break. Grewal mentioned in a social media post: “XRP trading on Coinbase is available again in NY. We heard you and put
May 24, 2024 2 mins read
David Solomon, CEO and chairman of Goldman Sachs, forecasted that the Federal Reserve would not decrease interest rates this year. Since it is a highly volatile asset, Bitcoin reacts quickly to shifts in the economy as a whole. The global financial market is seeking solutions to wide questions, and David
May 23, 2024 2 mins read
Concerned that FIT 21 does not adequately safeguard investors, the White House has opposed the bill. Despite the bill’s potential to impact future crypto market laws, this step is still being made. Additionally, the statement highlights the administration’s readiness to collaborate with Congress to improve the digital assets’ legal framework.
May 22, 2024 1 min read
The resolution of a security incident affecting one of Lido DAO’s Node Operators, Numic, has caused the token price of Lido DAO (LDO) to surge. At the time of writing, LIDO is trading at $2.21, up 14.61% in the last 24 hours, as per data from CMC. There has been
May 22, 2024 2 mins read
Vitalik Buterin, co-founder of Ethereum, recently spoke out in favor of open-source AI models in a debate on AI’s future. At the same time, this change is a reaction to rising worries about the AI industry’s concentration of power. Furthermore, the co-founder has highlighted the dangers of highly intelligent AI
May 21, 2024 2 mins read
An Ethereum custody service has been soft-launched by digital assets platform Prometheum in preparation for a full launch of crypto services later this quarter. As far as the digital currency ecosystem is concerned, this product launch was the first of its type, according to Fortune. Because of its contentious position
May 21, 2024 2 mins read
In light of the impending implementation of the Markets in Crypto-Assets Regulation (MiCA) in the European Union, cryptocurrency exchange Kraken is contemplating the removal of support for the stablecoin Tether (USDT). Kraken is reportedly “actively reviewing” strategies to meet the requirements of the forthcoming MiCA framework, as reported by Bloomberg
May 18, 2024 1 min read
The biggest stablecoin in the world, Tether (USDT), has minted yet another $1 billion worth of USDT, putting its market cap beyond $110 billion. This might be the much-needed catalyst for Bitcoin’s next climb to new all-time highs. An additional $1 billion worth of USDT was minted by Tether’s Treasury
May 17, 2024 2 mins read
In response to a change in the bitcoin mining hashrate, JPMorgan has raised its primary estimate of the cost to produce one bitcoin from $42,000 to $45,000. After the halving, the crypto community expected the hashrate to fall sharply as miners who couldn’t make a profit would leave the network.
May 17, 2024 1 min read