The decision by the Future Forward USA PAC to start accepting crypto donations through Coinbase Commerce marks a significant shift in the way political campaigns are funded. This move comes after initial confusion caused by comments made by a Coinbase executive regarding Vice President Kamala Harris directly using the platform for her campaign contributions. However,
Impact
Bitcoin, the leading cryptocurrency, experienced a significant drop in value from $59,076 to $57,127 during the early Asian trading session, highlighting its vulnerability to external factors. One of the looming threats is the US recession, which has instilled palpable tension in financial markets. This is particularly crucial for Bitcoin, as it has yet to undergo
Yonsei University in South Korea has recently partnered with Ripple as part of the University Blockchain Research Initiative (UBRI) program. This collaboration marks the 58th partnership for Ripple globally, with 12 of those partnerships located in the Asia Pacific region. The focus of this partnership will be on research related to blockchain technology, with a
The Ethereum market is experiencing a shift in dynamics, with rising exchange reserves indicating a potential new distribution phase. The CryptoQuant’s Ethereum Exchange Reserve metric has been on the rise, tracking the amount of ETH held in exchange wallets. This uptick in the metric suggests that traders are transferring their ETH to exchanges in preparation
In recent times, the cryptocurrency market has experienced a lackluster performance, with a noticeable decline in whale activity across major digital assets. Santiment’s latest analysis reveals that both Bitcoin and Ethereum have witnessed a significant drop in transactions exceeding $100k. During the active period of March 13-19, Bitcoin recorded 115.1k transactions valued at over $100k
The US Securities and Exchange Commission (SEC) has recently raised concerns over the proposed repayment strategy in the ongoing FTX bankruptcy case. The plan to repay creditors using stablecoins or other digital assets has sparked controversy, with the SEC reserving the right to challenge these transactions under federal securities laws. This move has added another
The crypto space faced significant challenges in August 2021, with over $313 million in losses reported due to more than ten different hacking incidents. Shockingly, 93.5% of the stolen funds were a result of just two major phishing attacks during that period. These incidents, as highlighted by blockchain security firm PeckShield, cumulatively accounted for a
Last week, digital asset investment products experienced $305 million in outflows, signifying a notable shift in market sentiment. This negative sentiment was prevalent among various providers and regions, with CoinShares highlighting the impact of stronger-than-expected economic data from the United States. The report attributes this downturn to the reduced likelihood of a 50-basis point interest
Crypto.com, a leading cryptocurrency exchange based in Singapore, has recently announced a partnership with Standard Chartered, a multinational banking institution, to offer fiat services to retail users globally. This partnership will allow users to deposit and withdraw the United States dollar (USD), the euro (EUR), and the United Arab Emirates Dirham (AED) on the Crypto.com
As a passionate writer deeply entrenched in the world of cryptocurrency, Opeyemi’s journey into the digital asset realm was not a deliberate choice but rather a captivating adventure that has consumed his life for over two years now. His dedication to unraveling the intricacies of blockchain technology and staying abreast of the latest trends in