The crypto market witnessed a major milestone as the leading banking institution, the Standard Chartered Bank, announced the launch of a trading desk for spot Bitcoin (BTC) and Ethereum (ETH). Two insiders have confirmed that the trading desk will operate from London, as reported by Bloomberg Spot cryptocurrencies including BTC
June 21, 2024 2 mins read
Ripple Labs, a subsidiary of Ripple, witnesses a securities case filed against the company in California. The new lawsuit targets Ripple CEO, Brad Garlinghouse alleging him of ‘misleading statements’ in a 2017 interview regarding XRP’s designation as a security. The cryptocurrency firm recently celebrated a partial win against the SEC
June 21, 2024 2 mins read
The Open Network (TON) blockchain has become one of the most trending networks in the market, as reported by market analysts. The Telegram-linked blockchain sets a new record by hitting a transfer volume of approximately $10 billion — 10% of Bitcoin’s transfer volume ($50 billion). Amid this bullish talk, the
June 20, 2024 2 mins read
The memecoin sector received the market spotlight in May 2024. The tokens’ activity ranked the highest in the overall monthly analysis. This activity surge was priced in by the memecoin tokens causing notable waves in the overall market. However, the rally has recently died down as highlighted by downward prices
June 20, 2024 2 mins read
In the past month, the crypto market has witnessed wavering upward and downward movements. With crypto assets particularly the altcoin sector, showing price revivals, the regulators introducing announcements and numerous launches, the first half of 2024 has been momentous in activity. As the second half (H2) of the year is
June 19, 2024 8 mins read
The Solana Ecosystem has witnessed staggering interest from the crypto community, evident from its surge in activity. This was instigated by an influx of celebrity-led memecoins. But the altcoin, SOL, failed to pick up the momentum from the frenzy. The token, in the past 24 hours, has shown a brief
June 19, 2024 2 mins read
Hong Kong has drawn market attention in the past few months with its progress toward digital asset adoption. Currently, the impending agenda in the nation is the introduction of a licensing system for crypto-fiat exchanges. The CFO of OSL Group, a leading crypto exchange in the Chinese capital, discussed the
June 19, 2024 2 mins read
In the last 24 hours, the overall crypto sector has shown a decline in market cap by 2.29%. Bitcoin (BTC) has experienced a price dip, leaving altcoins to plummet in price. Bitcoin, despite drawing market attention in the past week with multiple bullish movements, shows signs of further drops. In
June 18, 2024 2 mins read
The Tanzanian Government has announced amendments to its Income Tax Act including a 3% tax for crypto traders recently. Notably, the Tanzanian government has made further advancements to its finance system in the following days. According to the proposal, the Minister for Finance, Dr. Mwigulu Lameck Nchemba Madelu, suggested amendment
June 18, 2024 2 mins read
The Governor of the USA state, Oklahoma signed a crypto bill that exempts Bitcoin miners from electricity sales tax. This bill is the state’s step toward advancing self-governance in the cryptocurrency sector. Notably, the signing has made Oklahoma the first state in the nation to advance in crypto and bitcoin
June 15, 2024 2 mins read