Search Results for: Cryptocurrency

Thailand Eyes Bitcoin Pilot with a Focus on Country’s Tourism Sector

Thailand SEC Unveils Digital Asset Sandbox to Foster Crypto Innovation

Thailand Securities and Exchange Commission (SEC) disclosed its Digital Asset Regulatory Sandbox. Thailand’s sandbox is aimed at fostering innovation in the cryptocurrency sector to ensure effective regulation. This move highlights Thailand’s commitment to balancing advancements in digital assets and regulatory frameworks. The Digital Asset Regulatory Sandbox provides a controlled environment

August 12, 2024 2 mins read

VC Funding Records Slight Uptick for Crypto Startups in Q2

Pitchbook data shows that the overall number of deals fell in Q2 compared to Q1. But crypto entrepreneurs still managed to obtain a little more venture capital investment than in Q1. According to a report from Pitchbook published on August 9th, total invested money increased by 2.5%, totaling $2.7B. But

August 12, 2024 1 min read

Zcash Founder Pushes for Hybrid PoS with Shielded Labs

Zooko Wilcox, the renowned founder of the privacy-focused cryptocurrency Zcash, has recently joined forces with Shielded Labs, a blockchain development company. Jason McGee of Shielded Labs proposed his idea of starting this independent organization to help Zcash a year ago i.e., in Jan 2023. This strategic move comes as Wilcox

August 12, 2024 2 mins read

Dogwifhat Faces Double-Digit Loss as Market Crash Intensifies

As Bitcoin (BTC) faces a notable dip, the Solana-based memecoin Dogwifhat (WIF) has recorded significant volatility with a double-digit loss. In the last 24 hours, WIF displayed a sharp decline of over 13.3%, reflecting the broader impact of Bitcoin’s downturn on the memecoin market. The memecoin, which fell to $1.09

August 12, 2024 2 mins read

Binance Added to List of Venezuela Censorship Amid Political Unrest

One of the largest cryptocurrency exchanges, Binance was banned in Venezuela due to the presidential disputes. In the past few weeks, the nation has banned several prominent platforms including Elon Musk founded X. The Binance ban occurred on Friday, following which the anti-censorship organization, “VE sin Filtro” reported it on

August 12, 2024 2 mins read

Is Solana Ready to Break Free From Its Consolidation?

Can Solana Bounce Back from Its Recent Dip?

Solana, one of the leading altcoins, is facing an 8% decline amid an overall bearish market. The total cryptocurrency market cap has dropped by 4%, with Bitcoin, the dominant cryptocurrency, experiencing a similar 4% decline, currently trading at $58,601. Despite the downturn, Solana has shown resilience in the past week.

August 12, 2024 2 mins read

Solana Faces Brief Correction as Price Finds Resistance Around $163 Mark

According to blockchain data tracker Whale Alert, Binance, a prominent cryptocurrency exchange, received a large transfer of Solana. A tweet from Whale Alert states that Binance received 154,912 SOL, with a value of $23,928,285. However, the wallet’s identity remains unidentified. When they plan to sell or trade their assets, whales—large

August 11, 2024 1 min read

Analyzing the Yen-Driven Selloff That Sparked Recent Crypto Crash

Aug. 5 was one of the worst days for cryptocurrency in recent memory. Traders’ dependence on leverage has been subtly increasing market-wide dangers for months, and few anticipated this. Leveraged trading may have been the spark, but the sudden surge of the Japanese yen was the fuel. Hopefully, the effect

August 11, 2024 2 mins read

US CPI Falls to 2.9%, Sparking Fed Rate Cut Speculation

Investors Brace for Volatility Ahead of US CPI Inflation Data Release

On Wednesday, August 14, the US Labor Department is slated to announce the Consumer Price Index (CPI) for July, which is anticipated to show a significant increase in inflation. Because of this, many are wondering whether the US Federal Reserve will be able to implement its plans to decrease interest

August 11, 2024 2 mins read

Gemini Urges CFTC to Abandon Event Contracts on Prediction Markets Ban Proposal

Gemini, a cryptocurrency exchange, has asked US authorities to shelve a proposal that would outlaw event contracts on decentralized prediction markets if it were to pass. In a letter sent to Christopher Kirkpatrick, secretary of the US Commodity Futures Trading Commission (CFTC), on August 8, Gemini emphasized the negative effects

August 11, 2024 2 mins read