Ripple, the fintech company with its base in San Francisco, has just locked around 900 million units of XRP in an escrow account. This move comes after the release of 1 billion XRP in under 24 hours. The timing of this development aligns with notable progress in XRP’s value and an increasing positive sentiment within…
Forbes warns of a seismic shift in the crypto market with XRP at the center, as BlackRock’s interest in Bitcoin ETF sparks potential market upheaval. Key Points Forbes magazine has issued a warning about an impending seismic shift that is headed towards the crypto market, with XRP at the center of it all. In their…
On 2nd June, Coinbase announced that they are ready to launch Bitcoin and Ether futures soon. However, this will only be available to institutional investors. The future contract will be offered as 1 BTC and 10 ETH. According to the exchange, the future contracts will be launched on the 5th of June. The purpose of…
Creditors of bankrupt cryptocurrency lending platform Celsius have alleged that crypto market maker, Wintermute, assisted Celsius executives in manipulating the price of CEL (CEL) through improper market trading. According to a June 23 Bloomberg report, which cited a recent court filing, Celsius creditors have recently amended their lawsuit in the United States District Court of…
Since 2021 Adaverse has been establishing a steady market presence in both Africa and Asia, connecting the two regions with a view of contributing to the wider global Web3 ecosystem. Driven by an aim to promote Cardano integration, Adaverse has developed an extensive repertoire of support in funding, strategy and technical infrastructure for blockchain entrepreneurs…
The Metropolitan Museum of Art declared that it plans to give back the $550,000 in donations it accepted from FTX, a cryptocurrency exchange that experienced a collapse in November. Following FTX’s bankruptcy filing, the museum has agreed to give back the funds to the exchange’s creditors. ️ Met Museum plays it safe: Sends #FTX‘s donation…
Japan’s tax authority has updated its regulations on corporate taxes, offering a tax exemption for businesses involved in cryptocurrency transactions. Key Points In a recent development, the tax administration in Japan has brought about a revision within corporate tax rules, providing an exemption to companies who deal with cryptocurrencies. With this update, companies issuing cryptocurrencies…
Franklin Templeton, one of the leading asset management companies in the world has filed for a crypto fund with the U.S. regulator, SEC. This fund is focused on institutional investors and it will be named Franklin Templeton Blockchain Fund II. This is not the only crypto fund that the company has in its basket. The…
In a unique partnership with MELD, Cornucopias, and soon-to-be-revealed major players in the blockchain industry, DEGA has announced their Gamified Multichain Initial Stakepool Offering (ISPO). Traditionally a Cardano-based fundraising technology, DEGA has extended this unique, reduced risk method for fundraising to Ethereum, Polkadot, and Polygon. DEGA will first deploy multichain ISPO technology to fund their…
Cryptocurrency regulation debate intensifies as SEC scrutiny on XRP and Ethereum raises concerns and triggers predictions of downfall. Key Points In the world of cryptocurrency, the U.S. Securities and Exchange Commission (SEC) has come under increasing scrutiny. This has ignited a high-profile debate surrounding the future of XRP and Ethereum (ETH). One of the key…
