On Thursday, the European Central Bank (ECB) announced a 25 basis point increase to its benchmark interest rate, which is one of three main rates set by the ECB. In light of the decision made by the bank’s Governing Council, the interest rates on the bank’s primary refinancing operations, marginal
BlackRock, the world’s largest asset manager, is reportedly nearing the submission of an application for a Bitcoin ETF (exchange traded fund), as per an individual familiar with the situation. The source further stated that BlackRock intends to utilize Coinbase (COIN) Custody for the ETF, while relying on the crypto exchange’s
In recent hours, Tether’s stablecoin (USDT) has faced increasing instability, shockingly losing its peg to the US dollar. At the time of writing, USDT is trading at 0.9958. It continues its downward trend from the $1 peg. This development has raised concerns within the cryptocurrency community, with heavy selling pressure
Emerging Contender: Can TCRV Outshine Polygon and Cardano? The SEC’s lawsuits against leading cryptocurrency exchanges, Binance and Coinbase, have influenced several digital assets, including Cardano (ADA) and Polygon (MATIC), among others. Amidst this tumble, investors are looking for new promising gems, like Tradecurve (TCRV), which has swiftly risen, outshining both
In spite of Hong Kong’s efforts to become Asia’s cryptocurrency capital, major financial institutions remain hesitant to join the trend. According to the most recent FT article, Hong Kong’s banking regulator has been putting pressure on major banks. These include Standard Chartered and HSBC for working with cryptocurrency exchanges. The
Crypto exchange Binance now offers Bitcoin mining subscription services. For those who want to mine Bitcoin but don’t have the gear, Binance’s cloud mining services are now available for the purchase of hashrates as of June 15. The “hashrate” is the computational capacity needed to verify Bitcoin transactions on the
In a groundbreaking move, the Baby Doge Coin (BABAYDOGE) community and team have embarked on a massive token burn, resulting in the destruction of over 206 quadrillion (50.93%) BabyDoge tokens. This unprecedented initiative has set the stage for a surge in value and renewed investor interest in the memecoin. According
Jack Dorsey, the co-founder of Twitter, is a staunch advocate for the advancement of the Bitcoin (BTC) protocol. And he has recently pledged funding to Brink, a Web 3.0 hub that provides support to the Bitcoin network’s developers. According to the blockchain firm, Jack Dorsey has pledged a total of
In a significant shift for the global crypto market, the total market capitalization has seen a decline of 3.83%, reaching $1.02 trillion. This marks the first time since mid-March 2023 that the crypto market cap has experienced a notable downturn. The downturn is likely to raise concerns among investors and
In a recent revelation, DWF Labs, the globally recognized digital asset market maker and Web3 investment firm announced a strategic partnership with TRON. TRON, a leader in blockchain technology, focuses on internet decentralization via decentralized applications (dApps). Consequently, DWF Labs will now serve as TRON’s liquidity provider, significantly boosting its
