State Street Corp., a well-established financial institution based in Boston, is delving into the realm of digital assets by considering the launch of its own stablecoin and exploring tokenized deposits. This move is aimed at enhancing payment settlement processes through the utilization of blockchain technology. Recent reports indicate that State Street has been actively immersing
Crypto
In a strategic move towards global expansion, Kraken Institutional, the specialized division catering to institutional investors of US-based crypto exchange Kraken, has announced the international expansion of its custody services into the UK and Australia. This marks a significant milestone for the platform, signaling its commitment to serving clients in key markets beyond the US.
In the past week, the price of Bitcoin has shown signs of recovery, reaching as high as $67,000 after dipping to around $64,000. This uptick in price has led some analysts to believe that the leading cryptocurrency may have hit a bottom. On-chain metrics analyzed by CryptoQuant suggest that there is positive momentum in the
In the month of June, trading volume on centralized exchanges experienced a significant decline of 21.8%, marking the third consecutive month of diminishing activity since March. The combined spot and derivatives trading volume across these platforms amounted to $4.2 trillion, down from a peak of $9 trillion recorded earlier in the year. The decrease in
In the ever-evolving world of cryptocurrency, one trend that has captured the attention of many investors and traders is the rise of dog-themed meme coins. These digital assets, often inspired by popular dog breeds or memes, have seen significant growth in 2024. Market Trends Dog-themed meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB)
Ethereum showed a promising recovery this week, with a 12% price increase. The market rally allowed ETH to establish $3,300 as a key support level, setting a new base for further growth. The next target for buyers is $4,000, which also serves as a key resistance level. Optimism is returning to the market, with potential
Shiba Inu, a popular meme coin, recently experienced a significant increase in its burn rate, with tokens being sent to a null address resulting in a 450% surge. While the USD equivalent may seem insignificant at first glance, the continuous efforts in this area could potentially have a positive impact on the price of SHIB.
In a recent statement, Ethereum co-founder Vitalik Buterin cautioned against solely backing political candidates based on their pro-cryptocurrency views. While acknowledging the significance of support for the crypto industry, Buterin emphasized the importance of broader values such as individual freedoms and technological progress. By focusing solely on cryptocurrency advocacy, Buterin argued that the fundamental principles
DeFi Technologies, a Canadian fintech company, has been making waves in the crypto industry with its recent acquisitions and strategic moves. The company has been actively adding Bitcoin to its balance sheet, along with expanding into altcoins like Solana and CORE tokens. This article will delve deeper into DeFi Technologies’ recent acquisitions and explore the
BlockFi, the crypto lender that recently emerged from bankruptcy, has announced a significant step in its efforts to repay its clients. The company revealed that the first interim distribution of funds to clients through Coinbase will begin this month. This marks a major milestone in BlockFi’s journey towards rebuilding trust with its clients. Interim Distribution