A recent report by Bloomberg has shed light on a private gathering held at the exclusive members-only club, 1880, in Singapore. Binance’s VIP traders were in attendance, and among them was Richard Teng, the current CEO and former head of regional markets for the crypto exchange. Notably absent from the event was Changpeng “CZ” Zhao,
Despite facing challenges in breaching the $2,100 resistance level, Ethereum (ETH) has been experiencing a surge in trading volume and positive momentum. This article delves into the various factors contributing to Ethereum’s recent growth, including the potential approval of spot ETFs, the expansion of the Ethereum ecosystem, and the rise of layer-2 solutions. One significant
Anticipation is growing within the cryptocurrency community as major asset managers predict a potential approval window for Bitcoin ETF applications. Bloomberg ETF expert James Seyffart has pinpointed the window from January 5th to January 10th as the possible date for approval. This timeframe holds great significance, as it could mark a major milestone for the
In the latest explosion of decentralized exchange (DEX) pumps, a spin-off cryptocurrency called Wrapped ALGO (XALGO) experienced a staggering 1,000% surge within just 24 hours. Although the price has since retracted, it begs the question, which crypto token could be the next to skyrocket? This trend of explosive movements in DEX-traded tokens has garnered significant
The United Nations Development Program (UNDP) has announced a groundbreaking partnership with the Algorand Foundation, aimed at driving sustainable development by equipping UNDP employees with blockchain skills. Through this collaboration, the Algorand Foundation plans to launch a blockchain academy in 2024, offering education and training programs to more than 22,000 UNDP staff members worldwide. This
The recent allegations against Circle, a prominent stablecoin company, claiming its involvement in terrorist financing and its affiliation with crypto entrepreneur Justin Sun, have been vehemently refuted. In a letter addressed to Senators Sherrod Brown and Elizabeth Warren, Dante Disparte, Circle’s Chief Strategy Officer and Head of Global Policy, convincingly debunked these accusations. Let’s delve
Bitcoin has seen a significant surge in price, with a 4-hour candle recently closing above the crucial $38,000 level for the first time this year. This bullish movement has sparked speculation about the factors driving the rally and the potential for further price growth. In this article, we will explore the reasons behind Bitcoin’s recent
The crypto industry in East Asia has been marked by recent scandals and regulatory efforts. Hong Kong, in particular, has witnessed two high-profile cases involving unlicensed crypto exchanges that have defrauded investors of millions of dollars. Despite these setbacks, Hong Kong regulators remain determined to position the city as a major hub for Web3 technologies.
In response to the charges brought by the U.S. Securities Exchange Commission (SEC), Kraken, a prominent digital asset exchange, is determined to fight and address the complaint in court. According to Marco Santori, the Chief Legal Officer (CLO) of Kraken, the SEC’s allegations are baseless and lack substance. Speaking in an interview with CNBC, Santori
Today marks the highly-anticipated launch of Robinhood’s brokerage services in the United Kingdom (UK). This expansion represents a significant milestone for Robinhood, as it marks the company’s first venture beyond the confines of the United States. The UK customers will now have access to a wide range of investment opportunities, including over 6,000 U.S.-listed stocks
