The cryptocurrency market is one step away from a major milestone since the investment firm Canary Capital is ready to launch the first spot XRP exchange-traded fund in America. The firm submitted important paperwork to the Securities and Exchange Commission to have its fund ready for the market’s launch on
Standard Chartered has established itself as the main banking collaborator with DeCard, the newly launched credit card that allows customers to utilize stablecoins for day-to-day purchases. The partnership with DCS Card Centre is a key milestone in making digital assets accessible within traditional payment networks for mass-market consumers globally. Bridging
TeraWulf, a Bitcoin mining company, has announced it had a strong third quarter, which saw revenues increase by 87% compared to the same quarter last year to $50.6 million. The jump in revenue stems primarily from the price of Bitcoin nearly doubling from the third quarter of the previous year.
The cryptocurrency investment market is about to undergo a major change with several XRP exchange-traded funds nearing their market debut. Five large financial institutions have their products lined up to be cleared by the regulators, and they are set to debut before the end of the month. These funds have
Trump Media and Technology Group reported accumulating losses in the third quarter, despite the cryptocurrency investments yielding certain positive returns. The mother company of Truth Social reported a net loss of $54.8 million, which is almost three times the loss of $19.3 million in the same period last year. The
XRP had a notable day on Saturday, climbing 3.6% to $2.31 and outperforming Bitcoin and Ethereum during that time. Its price broke above near-term resistance at $2.28 with volume 86% above, and this marks XRP’s largest one-day move in over a week. The move came as institutional developments started to
Bitwise, an asset manager, is preparing its highly awaited spot ETF for Dogecoin by submitting its fourth amendment to the US Securities and Exchange Commission (SEC) in November. The amended S-1 filing notes key information, including the fees for the ETF to be competitive at 0.34%, and the ticker symbol
Block Inc., led by Jack Dorsey, had a rocky session as its shares fell 11.53% after hours after an earnings miss in the third quarter. The company reported earnings per share of $0.54 compared to analysts’ estimates of $0.63 EPS, and revenue of $6.11 billion against consensus of $6.33 billion.
Arabian Crypto: UAE — Success Stories from Digital-Asset Pioneers is a new book written by Charles d’Haussy and Jame DiBiasio. This book provides a rare behind-the-scenes look at how the United Arab Emirates transformed itself into one of the most vibrant crypto capitals on the planet. The book is a
Miami Mayor Francis Suarez has publicly claimed that he has made about 300% returns on his Bitcoin salary payments, and is not worried by recent cryptocurrency market volatility. Nevertheless, the discrepancies between his alleged purchase price and the actual time of his announcement of the salary in Bitcoin have raised
