Ripple Labs CEO Brad Garlinghouse believes that spot Bitcoin ETFs will drive cryptocurrency demand and interest. According to CNBC, Garlinghouse also said the upcoming halving will have a positive impact on the crypto industry. Demand for crypto assets continues to increase while supply continues to decrease, encouraging higher values and further development, the Ripple Labs CEO admitted. “That...
1inch Network, in collaboration with crypto card developer Baanx and payment giant Mastercard, announced the launch of the 1inch Card. The new web3 debit card aims to simplify the use of cryptocurrencies for everyday transactions. “The 1inch Card will allow users to use their crypto for online and in-person purchases and make cash withdrawals at supported ATMs through seamless...
Nigerian authorities arraigned Binance executive Tigran Gambaryan before an Abuja High Court on April 8, where the employee denied allegations and applied for bail. The senior Binance U.S. executive pleaded not guilty to money laundering charges before a Nigerian Federal High Court in the country’s capital as the government began its case against the cryptocurrency exchange. Gambaryan’s...
The TON Society has partnered with AI company HumanCode to implement an identity verification mechanism. According to today’s TON Society post, 1 million TON, valued at nearly $5.9 million, has been allocated for the initiative as an incentive for completing verification. The funds will be distributed among TON Society members, who will confirm their identity using...
Following a challenging period for crypto startups, venture capital investments saw a significant uptick in 2024. According to recent reports from Bloomberg, VC funds increased by nearly one-third from the end of last year. During the first three months of 2024, investments in crypto startups hit $2.5 billion, marking a 32% rise from the preceding quarter and...
Due to the ongoing meme coin frenzy, DEXs on the Solana network have taken up the majority of trading volume over the past 24 hours. According to CoinGecko, Solana-based decentralized exchanges (DEXs) accounted for most trading volume over the past 24 hours. The top three were Raydium, Jupiter, and Orca. Raydium’s volume in the last 24...
Digital asset investment products have reached a record inflow for the year after receiving $646 million from investors mainly interested in Bitcoin last week. According to CoinShares, cryptocurrency investment vehicles have garnered over $13.8 billion in 2024’s first four months. The milestone coincided with interest in Bitcoin (BTC), as the token experienced demand from Wall Street...
Troubled crypto lending firm Genesis has reportedly bought $2.1 billion worth of Bitcoin (BTC) after selling off approximately 36 million shares of the Grayscale Bitcoin Trust (GBTC). According to a Bloomberg Law report citing court documents filed on April 5, Genesis sold 36 million of its GBTC shares and used the proceeds to buy 32,041 Bitcoins, which it...
BlackRock has added four more Wall Street firms as authorized participants (APs) for its spot Bitcoin ETF. With this addition, the asset manager’s Bitcoin-based fund now boasts a total of nine APs. BlackRock’s Bitcoin ETF updates BlackRock, touted as the world’s largest asset manager, now counts Citi, Citadel, Goldman Sachs, and UBS among its APs for its spot...
Anza Network is set to roll out updates to fix the recent congestion issues on the Solana blockchain. “The short version is: significant progress has been made to overcome the current congestion challenges, and we expect to begin releasing fixes next week,” the Solana-focused software development firm confirmed. “In collaboration with other core contributors, we have...
