In a tale of contrasting halves, the crypto market underwent a rollercoaster ride for the first three quarters of 2023, with a downturn that seemed unrelenting. However, the last quarter heralded a wave of optimism, as the market saw a resurgence in bullish sentiment. Notably, top coins like Bitcoin and
Crypto exchange OKX has expanded its relationship with asset management firm CoinShares and custodial joint venture Komainu to provide derivatives trading without the threat of counterparty risk often associated with holding assets on the exchange. Following the FTX buzz last year, many industry participants have developed secure off-exchange trading and settlement mechanisms.
Binance’s CEO, Changpeng Zhao (CZ), thinks Bitcoin mining is the most outstanding business model ever. This observation came as news surfaced that miners were raking in record amounts of money from block rewards and transaction fees, with some days seeing earnings of over $44 million. This number exceeded the April
Hex Trust, a cryptocurrency custodian based in Hong Kong, has been awarded approval to provide its services in Dubai to institutional customers and investors. On November 15, the company was granted a full Virtual Asset Service Provider (VASP) license by the Virtual Asset Regulatory Authority (VARA) in Dubai. In February
Ethereum has faced a setback, witnessing a 3.83% decline over the past 24 hours, bringing its value to $1,980. This contrasts with its positive performance over the week, where the coin showed an uptrend of 7%, climbing from $1,879 to its current position. The decline in Ethereum’s value follows its
In the midst of a tumultuous market, the emergence of Celestia, a modular blockchain network, has stunned the crypto sphere. Despite a 2.08% dip in global market capitalization over the past day, Celestia’s native token, TIA, has surged to an all-time high of $6.45, marking a remarkable 14% spike in
The U.S. Labor Department has issued the highly anticipated U.S. Consumer Price Index (CPI) data for October, which indicated that the U.S. inflation came in at 3.2% at an annual pace, as contrasted to the market forecast of a 3.3% spike. Meanwhile, the U.S. CPI fell in October after rising
Binance has announced the launching of many new and improved features throughout its product suite in the months of September and October. Binance is the global blockchain ecosystem powering the biggest cryptocurrency exchange by trading volume. These changes are a part of Binance’s larger objective to provide the greatest platform user experience.
XRP is working to recover after a bogus filing briefly sent prices surging earlier this week. The token is up slightly over the last 24 hours, making it one of the only top 10 cryptos in green. On Monday, rumors circulated on Twitter that asset manager BlackRock had filed to
The Creds Creator Studio will be available at the 2023 Web Summit in Lisbon, according to cheqd, an enterprise that gives people and organizations ownership and mobility over their data. Creds Creator Studio, which will debut with six launch partners, helps businesses to produce Verifiable Credentials that boost marketing efforts and foster
