South Korea’s major telecom and financial giants, SK Telecom and Hana Financial Group, have become significant shareholders in BitGo. This was announced by Mike Belshe, BitGo CEO during the Korea Blockchain Week 2024 event in Seoul. Hana Financial Group, one of the largest financial institutions in South Korea, acquired a
In the last 24 hours, Dogwifhat (WIF), a leading meme coin, has displayed a price surge of over 17.2%, rising from a low of $1.39 to a high of $1.63. This rally comes as the global crypto market gains positive sentiment, with Bitcoin (BTC) bouncing back to the $59K level.
The crypto market has witnessed bullish turns, with the market cap recording a 2.90% spike. Nonetheless, volatility has persisted over the past week. Solana (SOL), the fifth-largest cryptocurrency, has faced significant challenges throughout August, with its price dropping to $110—its lowest level in the past five months. SOL’s has briefly
The TON blockchain processed an unprecedented 46 million transactions in a single week, according to blockchain analytics firm IntoTheBlock. This surge in activity has been largely attributed to the recent excitement surrounding the DOGS token airdrop. The TON blockchain processed over 46 million transactions last week, driven by the excitement
As Solana (SOL) memecoins experience a significant downturn, traders are witnessing substantial losses in value and are increasingly seeking refuge in more stable and promising investments. One hidden gem capturing their attention is RCO Finance (RCOF), a DeFi token that offers a unique blend of security and high returns. With
As the crypto market encounters a correction, Dogecoin (DOGE) has also displayed a significant drawdown, erasing recent gains. After reaching a peak of $0.1018 on August 30, following a favorable court ruling for Elon Musk and Tesla, DOGE has struggled to maintain its gains. The court found Musk’s tweets about
The founder of the Cardano blockchain, Charles Hoskinson, has declared his intention to establish a decentralized social media platform in Brazil. X, formerly known as Twitter, and the country’s judicial system are increasingly at odds, prompting this action. The X platform was recently prohibited in Brazil as a result of
Next week’s key events, such as US employment statistics, are keenly anticipated by the crypto market. As the employment numbers would solidify bets on the anticipated Fed rate cuts, they would be one of the most eagerly awaited pieces of data for next week. Additionally, it would affect the future
The Hong Kong Securities and Futures Commission (SFC) granted a virtual asset trading platform (VATP) license to Hong Kong Digital Asset Xchange Limited (HKDAEx) on August 27, regardless of passing the official deadline for applications on May 31, 2024. The Securities and Futures Commission (SFC) introduced a new licensing framework
Cryptocurrencies are facing a considerable loss in a bearish ride within the crypto market, including Bitcoin (BTC) and Ethereum (ETH). Moreover, other altcoins are struggling to sustain the recent gains attained. In particular, Litecoin (LTC) exhibits a daily surge of 3.30% in market price. LTC hit its six-day high and
