An overview of Turkey’s cryptocurrency scene and significant insights from Binance Blockchain Week are included in the report. Turkey has a reasonably high degree of crypto adoption, with over 40% of population having exposure to crypto. Cryptocurrency is a very popular asset class among investors. 66% of investors questioned say
November 10, 2023 1 min read
BlackRock Inc., a trillion dollar asset manager, has once again prompted widespread market optimism with a filing that may be a prelude to the company’s first Ethereum spot Exchange Traded Fund (ETF) product’s formal application to debut. The newest filing, known as the iShares Ethereum Trust, was submitted to the
November 9, 2023 2 mins read
FTT, the token of bankrupt crypto exchange FTX, soared over 72% after SEC head Gary Gensler’s statements signaling his openness to a resurrection of the exchange “within the law.” Gensler’s remarks come after rumors that three buyers are approaching FTX, including ex NYSE president Tom Farley’s crypto exchange Bullish. None
November 9, 2023 1 min read
The EU’s banking regulator, the European Banking Authority (EBA), has suggested new rules for stablecoin issuers that would establish minimum capital and liquidity criteria. With the new liquidity requirements in place, the stablecoin should be easily redeemable even when markets are volatile, mitigating the risks of bank runs and contagion.
November 8, 2023 2 mins read
According to a November 8 announcement, the cryptocurrency trading platform OPNX has been granted a virtual asset service provider license (VASP) in Lithuania, enabling it to provide spot cryptocurrency trading services within the European Union. We're excited to announce our latest regulatory milestone in Europe! OPNX has obtained the Virtual
November 8, 2023 2 mins read
Ordinals (ORDI) token prices related to the Bitcoin Ordinals protocol have increased by 81% in the last 24 hours after being categorized as a “seed” developing project on the cryptocurrency exchange Binance. The Seed Label denotes experimental endeavors, the tokens which may be more volatile and risky than average. The
November 7, 2023 2 mins read
Custodia Bank stated it had been granted permission to operate a Bitcoin custody platform. Now available to the public is a Bitcoin custody service that provides individual client accounts rather than shared ones. Custodia Bank has received permission to launch a Bitcoin custody service from the Wyoming Division of Banking.
November 7, 2023 2 mins read
Conflux Foundation, commonly known as the Shanghai Tree-Graph Blockchain Research Institute, has announced that after two years of operation, the ShuttleFlow ecosystem Multichain protocol would be discontinued. Rather, Zero Gravity, a Web3 firm, will get the ShuttleFlow technology stack and continue to build the protocol under a new name. Users
November 6, 2023 1 min read
The blockchain analytics firm Nansen reports that the amount of weekly Ether sales of NFTs has been rising steadily. For the week ending October 9, Nansen said on Twitter that NFT sales totaled 29,704 ETH, or almost $56 million. Week after week, more and more people bought and sold until
November 6, 2023 2 mins read
The U.S Supreme Court has agreed to hear an appeal in a case between Coinbase and its customers, with the primary issue before the court being whether a judge or an arbitrator should determine whose contract controls disputes. Bloomberg claims that the parties’ competing contracts—one of which favors arbitration, and
November 4, 2023 1 min read