With the formal launch of its decentralized autonomous organization (DAO), Orbs has introduced a governance architecture that allows its worldwide community to make protocol decisions. A major step toward completely decentralized governance, the implementation will start in the next weeks. After years of infrastructure development, product deployment, and regulatory preparation,
In order to address the severe lack of stablecoin connectivity across Asia, Stables, an API-first infrastructure platform, today announced a strategic agreement with settlement infrastructure provider Mansa. Only 1% of local banks now support the technology, despite Asia accounting for 60% of worldwide stablecoin movements. This creates a significant infrastructure deficit for
At the time of writing on Wednesday, Bitcoin’s (BTC) price was hovering around $74,000, a crucial breakthrough level that, if maintained, would indicate a positive trend moving forward. Spot Exchange Traded Funds (ETFs) saw inflows of more than $410 million on Tuesday, bolstering the Bitcoin price. This comes as reports suggest
The crucial $1.4 resistance level has been challenged twice by XRP throughout the last two weeks. Time and again, sellers were able to halt market rallies by holding the price down. Still, it seems like price action is eager to give it another go. An further effort to transform $1.4
According to local local media reports, Coinone, the third-largest cryptocurrency exchange in South Korea, is facing fines and a partial business suspension due to anti-money laundering violations. Coinone was reportedly held by South Korea’s Financial Intelligence Unit (FIU) under the Financial Services Commission for noncompliance with anti-money laundering requirements, including the failure
With money flowing out of bitcoin ETFs and into ether funds and rising prices, ether (ETH) is clearly gaining ground on bitcoin. According to statistics, Ethereum has surpassed bitcoin by a significant margin, with an 8% increase over the last 24 hours compared to a 5% gain for bitcoin. This outperformance
To avoid a recurrence of the market chaos that ensued in February when Bithumb accidentally delivered over $40 billion worth of Bitcoin to its clients, the South Korean central bank has suggested that cryptocurrency exchanges have “circuit breakers” that temporarily suspend trade. In a payments report released on Monday, the
Today, UFC®, the world’s top mixed martial arts organization, and Crypto.com, one of the top cryptocurrency platforms worldwide, announced that Crypto.com will co-present UFC FREEDOM 250, the historic celebration of the United States’ 250th birthday that will take place on the White House grounds on Sunday, June 14. Crypto.com will
In its greatest day since early March, when the US-Iran battle began to kick into high gear, investors poured $269.3 million into BlackRock’s iShares Bitcoin Trust on Thursday. Twelve US-based Bitcoin exchange-traded funds (ETFs) had a net inflow of $358.1 million, reversing a two-day net outflow. A measure of institutional
Changpeng Zhao (CZ), co-founder of Binance, expressed his desire for blockchain and cryptocurrencies to blend in with everyday infrastructure in the same way as the internet does now by the year 2031. While new applications and improvements will undoubtedly surface, Zhao expressed the expectation that the hype around the technology
