Coinbase, perhaps the most significant cryptocurrency exchange in the world, is stepping into bold territory by investing in Stablecorp, which created the Canadian dollar-backed stablecoin QCAD. At the Blockchain Futurist Conference in Toronto, it was announced in a strategic tie-up reflecting Coinbase’s general intention to cultivate digital innovation within Canada.
The recent recovery of the crypto industry has triggered the market cap to hit $3.36 trillion. Following that, the prices of major crypto assets have entered the bullish zone. Among the altcoins, Maker (MKR) has emerged as one of the gainers, posting a 6.03% gain in the last 24-hour period.
Decentralized finance (DeFi) pioneer Synthetix has announced a bold plan to re-acquire Derive, a crypto options platform that originally spun off from its ecosystem. The proposed $27 million token exchange deal was unveiled in a blog post on May 14 and is contingent upon approval from both communities via governance
The crypto market cap has reached $3.36 trillion after the recent recovery attempt from the bearish grip. Major assets have entered the bullish territory. Notably, the meme coin market cap is found at around $80 billion, with BOOK OF MEME (BOME) registering a solid 17.25% jump. In the early hours,
As per the Swiss multinational investment bank, UBS Group, the high-net-worth clients in Asia are slowly shifting away from US dollar-based investments and preferring gold, cryptocurrencies, and Chinese assets. The co-head of wealth management for Asia of the Swiss bank, Amy Lo, stated that Gold is getting very popular in
MUBARAK, the meme coin gaining ground on Binance Smart Chain, just posted a staggering 32% gain in a single day, pushing its price near $0.060. Trading volume exploded past $260 million, and a daily increase of 42.9 %, which is a signal that this is more of a conviction than
eToro is making headlines in the crypto planet, as its IPO price is set to $52 per share. It is much higher than its originally marketed range, paving the way for its trading debut on the Nasdaq Global Select Market on May 14. The company that provides cryptocurrency and stock
A decentralized liquidity pool, Curve Finance has changed its official web domain from Curve.fi to Curve.finance after a DNS hijack that opened the way to a phishing attack. A spokesperson of the platform revealed that the new domain is safer to use. He also made clear that all the funds
As Raydium cryptocurrency continues its upward trajectory, a crucial price point that could determine the next direction for its market movement is on sight. As per the latest update, the digital asset’s price action is at a pivotal level, as it tests a significant resistance zone between the $4.20 to
Stablecoin giant Tether has once again made headlines with a bold move to support Bitcoin adoption. On May 9, Tether purchased 4,812.2 Bitcoin worth approximately $458.7 million for Bitcoin investment firm Twenty One Capital, a strategic move ahead of the company’s planned SPAC merger with Cantor Equity Partners. The Bitcoins
