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Digital Asset Products See $321M Inflows Amid Fed Rate Cut

Digital asset investment products experienced net inflows of $321 million for the second consecutive week, according to CoinShares. The surge was largely attributed to the U.S. Federal Reserve’s decision to cut interest rates by 50 basis points (bps), which was viewed as a dovish move by the market. Total assets

September 23, 2024 2 mins read

OpenSea Faces Lawsuit Over Unregistered NFT Securities

A group of OpenSea users has filed a class-action lawsuit in Miami. The lawsuit claims that the popular NFT marketplace sold unregistered securities. This legal action raises significant concerns about the regulatory landscape for NFTs. According to the lawsuit, OpenSea is accused of facilitating transactions that qualify as securities sales.

September 23, 2024 1 min read

Deutsche Bank Poll Reveals Widespread Public Skepticism Toward CBDCs

Although several central banks worldwide are considering the possibility of introducing a Central Bank Digital Currency (CBDC). A recent poll found that most customers are not keen on utilizing such products. Therefore cash will likely remain in circulation for the foreseeable future. Around 4,850 people from the US, UK, and

September 22, 2024 2 mins read

IMF Releases Guidelines for Boosting CBDC Adoption with REDI Framework

Policymakers and financial institutions may find guidance on how to boost the use of central bank digital currencies (CBDCs) in a new guide issued by the International Monetary Fund (IMF). September 21 saw the release of a report titled “Central Bank Digital Currency Adoption Inclusive Strategies for Intermediaries and Users”

September 22, 2024 2 mins read

Bitcoin Price Likely to Face Correction Following Recent Surge

Bitcoin has had a really good ten days or so, with the asset adding about $10,000 during this span, largely due to the US Federal Reserve’s move to lower key interest rates. But several social measures imply that the cryptocurrency’s boom could be ended soon. Last week on Wednesday, September

September 21, 2024 2 mins read

Is Avalanche (AVAX) Poised to Break Through $30 Soon?

As the cryptocurrency market showcases an upward shift, Bitcoin (BTC) has climbed to $64,000, prompting a rally among leading altcoins, including Avalanche (AVAX). In the past 24 hours, AVAX has gained around 10%, rising from a low of $26.14 to an intraday high of $28.66, a level not seen since

September 20, 2024 2 mins read

AI Companions: A New Era of Digital Relationships and Virtual Experiences

As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a disruptive force in the emerging space of digital companionship. By merging artificial intelligence (AI), blockchain, and virtual reality (VR), AI Companions is pushing the boundaries of how people interact with digital entities, making waves in

September 20, 2024 4 mins read

2024’s Top 5 Crypto Staking Platforms

Crypto staking has grown to become one of the popular ways that crypto investors can earn passive income and contribute to the security of blockchain networks. The following article provides rankings for the Top 5 Crypto Staking Providers in 2024, placing OkayCoin as the leading platform among the most popular

September 20, 2024 7 mins read