Kraken, a well-established cryptocurrency exchange in the United States, is reportedly in the process of organizing a significant funding round in preparation for a potential initial public offering (IPO) in the upcoming year. According to sources cited in a recent Bloomberg report, the exchange is looking to raise approximately $100 million before moving forward with
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Nadine Chakar, the global head and managing director of DTCC Digital Assets, recently presented a convincing argument regarding the advantages of tokenization during her testimony before the House Financial Services Subcommittee on Digital Assets. In her testimony, Chakar emphasized the transformative impact of tokenizing real-world assets and how it could benefit the US financial markets.
Renowned financial expert Robert Kiyosaki has recently taken the crypto world by storm with his bold prediction for Bitcoin’s price. In a tweet, Kiyosaki stated that he firmly believes Bitcoin will hit $350,000 by August 25th. While some may view this prediction as mere speculation, Kiyosaki stands by his forecast, emphasizing that any prediction about
Asset manager VanEck recently revised its prediction for Ethereum (ETH), revealing what price it believes the second-largest crypto token could reach by 2030. In a recent blog post, VanEck predicted that Ethereum could reach $22,000 by 2030. This represents a significant increase from their previous prediction of $11,800 for the same period. The firm attributes
Robinhood’s recent announcement of acquiring Bitstamp for $200 million in cash has sent shockwaves across the global crypto market. This strategic move is poised to redefine the landscape of the industry and solidify Robinhood’s position as a key player in the sector. The acquisition of Bitstamp, a major global crypto exchange founded in 2011, will
The US spot Bitcoin Exchange-Traded Funds (ETFs) have been experiencing an unprecedented streak of inflows, with 17 consecutive days of net additions. The significant influx of $886.6 million on a particular Tuesday marked the second-highest single-day inflow since their inception. The following day saw another substantial inflow of $488.1 million, attributed to major financial players
In a ground-breaking move, MetaMask has forged a partnership with HyperPlay, a renowned Web3 game store, to revolutionize the world of Web3 gaming. This collaboration has paved the way for the introduction of a new games directory within the MetaMask Portfolio, offering users a seamless way to explore and manage in-game assets. By joining forces,
Chainlink (LINK), the native token of the decentralized blockchain oracle network built on Ethereum, has once again grabbed the spotlight as the top real-world asset with the most development activity in the last 30 days. This development activity is a strong indicator of the growth and progress within the crypto sector, especially in terms of
A group of U.S. lawmakers, spearheaded by House Foreign Affairs Committee Chair Michael McCaul (R-Texas), has urgently called on President Joe Biden to intervene in the detention of Tigran Gambaryan, a senior executive at Binance. Gambaryan has been held by Nigerian authorities for nearly three months, and the situation is escalating into what the lawmakers
In recent months, there has been a noticeable uptrend in the accumulation of bitcoin by large holders, also known as “whales.” These whale addresses, holding over 1,000 BTC each, now collectively own more than 40% of the total bitcoin supply. This concentration of ownership signifies a growing confidence and conviction among wealthy investors and institutions