Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has officially announced it will cease all operations in Canada by December 31, 2024. This decision follows the increasing regulatory pressures in the Canadian crypto landscape, which have prompted other major platforms like Binance, OKX, and Bybit to also exit the country. Regulatory Compliance Challenges The …
Federal Reserve Bank of Atlanta President Raphael Bostic has hinted at the possibility of a half-percentage-point rate cut in November, fueling market optimism for Q4 2024. This potential move would aim to stimulate the economy by lowering borrowing costs, potentially boosting housing markets, business investments, and consumer spending. For investors, a rate cut could increase …
FED’s Bostic Signals Bullish Outlook with Potential Rate Cut in Q4 Read More »
As October begins, the crypto market is buzzing with excitement over the possibility of an ‘Uptober’ rally, a phenomenon where Bitcoin and other cryptocurrencies historically perform well. This year’s anticipation is further fueled by the upcoming U.S. employment data, set to release on October 4, which could play a pivotal role in shaping market sentiment. …
Crypto Market Eyes U.S. Employment Data Amid ‘Uptober’ Rally Buzz Read More »
In a significant operation against cross-border cryptocurrency fraud, U.S. authorities, with considerable assistance from Tether, one of the leading stablecoin issuers, have successfully seized over $6 million in digital assets from Southeast Asian Scams. This recovery was part of an effort targeting scammers based in Southeast Asia who had been defrauding U.S. citizens through elaborate …
Authorities Recover Over $6 Million in Crypto Linked to Southeast Asian Scams Read More »
Historical Trend Reversal Traditionally, September has been one of the weakest months for Bitcoin. Over the past five years, the month consistently delivered losses: With an average historical return of -3.45% in September, this year’s bullish outcome of +11.12% in 2024 is nothing short of extraordinary. Factors Behind the Surge Several factors contributed to this …
Bitcoin Breaks Record for its September returns in 2024 Read More »
In the ever-evolving world of crypto, one key metric stands out when assessing decentralized finance (DeFi) platforms: Total Value Locked (TVL). But what is TVL in crypto? TVL refers to the total amount of cryptocurrency assets locked in a DeFi protocol, acting as an indicator of the platform’s health, usage, and liquidity. The higher the …
In a move that has captured the attention of the cryptocurrency community, Changpeng Zhao (CZ), the founder of Binance, one of the world’s largest cryptocurrency exchanges, has been released from prison earlier than expected. Originally scheduled to complete his sentence over the weekend, CZ walked free on September 27, 2024, due to a policy allowing …
Binance Founder Changpeng Zhao Gets an Early Release Due To Weekend Policy Read More »
In a bold step toward combining sustainability with cutting-edge technology, Dione Protocol has introduced ORION, the world’s first solar-powered blockchain validator integrated with Starlink’s satellite internet. This innovative solution demonstrates Dione’s dedication to both environmental responsibility and blockchain resilience, setting new standards for the industry. Key Features of ORION Impact on Blockchain and Sustainability Future …
Dione Protocol’s Orion now integrates an AI-powered Starlink Read More »
In a major step toward mainstream cryptocurrency integration, PayPal Holdings, Inc. has extended its crypto services to U.S. business accounts. Announced on September 25, 2024, this expansion allows businesses to buy, sell, and hold various cryptocurrencies directly through PayPal’s platform. This move builds on PayPal’s 2020 launch of crypto services for individual accounts, marking a …
PayPal Expands Crypto Services to U.S. Businesses, Advancing Digital Currency Adoption Read More »
In a major step toward enhancing cross-chain compatibility, Coinbase has launched its wrapped Bitcoin token, cbBTC, on the Solana blockchain. The announcement, made during the recent Solana Breakpoint conference, reflects Coinbase’s commitment to expanding Bitcoin’s utility in decentralized finance (DeFi). This move opens up new opportunities for Bitcoin holders to engage in Solana’s growing $6.2 …
Coinbase Expands Bitcoin’s Utility with cbBTC Launch on Solana Read More »
