A distinct account for the impending payments function has been established by Elon Musk’s “everything app” X (previously Twitter), leading the crypto community to speculate about the prospective application of cryptocurrencies. Many are waiting for the X app to launch its in-app payment features by the middle of 2024. The
January 21, 2024 1 min read
The $8.6 trillion asset management behemoth Vanguard Group Inc. has taken a conservative stance on the crypto market, especially in the wake of the U.S launch of a spot Bitcoin ETF. “Avoid Bitcoin like the plague,” reportedly cautioned renowned investor Jack Bogle in 2017. Sticking to the cautious investment strategy
January 21, 2024 2 mins read
Since spot BTC ETFs were introduced in the US, one analyst has seen an uptick in bitcoin exchange-traded fund outflows from Europe. This change in the market, according to CoinShares Research Associate Luke Nolan, exemplifies a pattern in which American institutional traders are presumably shifting their focus to the newly
January 20, 2024 2 mins read
An independent examiner was ordered to be appointed by the court presiding over the bankruptcy of FTX crypto exchange by the United States Court of Appeals for the Third Circuit, months after the initial filing. Ruling of Judge John Dorsey of the U.S. Bankruptcy Court for the District of Delaware
January 20, 2024 1 min read
The volume of NFT trades in 2023 was almost half of what it had been in 2022. The figure dropped from $26.3 billion to $11.8 billion, as reported by CoinGecko. Crypto investors have mostly ignored NFTs in the last two years after the meteoric rise in value of blue chip
January 19, 2024 1 min read
According to the Bitcoin ESG Forecast, sustainable energy-powered Bitcoin mining hit a new record high of 54.5% in 2023, with sustainable mining as a whole increasing by 3.6%. By comparing Bitcoin’s sustainable energy mix to other businesses over the last four years using publicly accessible data, The Bitcoin ESG Forecast
January 19, 2024 1 min read
Tether, the issuer of the USDT stablecoin, has been heavily investing in Bitcoin throughout Q4 2023, purchasing a large number of BTC. In the last phase of the past quarter, Tether added $380 million worth of bitcoin to its holdings, further solidifying its position in the crypto market. As a
January 18, 2024 1 min read
Our distinctive user-obsessed culture at Binance includes a constant drive to raise the bar for industry best practices and lead by example when it comes to supporting consumers. This involves using education to advance financial innovation in a sustainable way for our community and the larger ecosystem. Since the Web3 and
January 18, 2024 8 mins read
As part of its worldwide expansion strategy, OKX, a prominent crypto exchange, has secured a VASP license from VARA, the Virtual Assets Regulatory Authority (VARA), in Dubai. Furthermore, this noteworthy accomplishment showcases the innovative approach to virtual assets and Web3 technology in Dubai, as well as OKX’s dedication to regulatory
January 16, 2024 1 min read
In light of worries over de-dollarization, renowned financial institution Morgan Stanley expects stablecoins to support the US dollar (USD). In light of the proliferation of digital currencies, this report examines the threats that the US dollar faces. It also highlighted international initiatives aimed at promoting de-dollarization. Despite the United States’
January 16, 2024 2 mins read