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 move marks its first venture following its initial launch earlier this year. Kraken Custody’s Expansion According to the official press release, institutional clients in the UK…
The digital asset security platform Cyvers Alerts disclosed on July 19 that Rho Markets’ liquidity layer on Scroll had been exploited after hackers took control of an oracle access control. Cyvers reported that the attacker held $7.6 million across multiple chains, with USDC and USDT pools among the affected assets. Shortly after detecting unusual activity,…
Former President Donald Trump is rumored to be considering Bitcoin (BTC) as a strategic reserve asset, according to Dennis Porter, CEO of the Satoshi Action Fund. This announcement is expected at a crypto convention in Nashville later this month. Analysts believe this could significantly impact financial strategies globally and boost Bitcoin’s acceptance as digital gold.…
Europe stands out as the global leader, accounting for 37.32% of the total transactional value, according to a comprehensive analysis by Coinwire. Asia’s trading volumes primarily result from factors like high mobile penetration, a robust tech infrastructure, and growing institutional interest. Binance, with a trading volume of $2.77 trillion, holds the title of the “most…
Since last weekend, the price of bitcoin (BTC) has rallied significantly, signaling that the crypto asset may have bottomed out. Bitcoin has recovered to a high of $67,000, although it was hovering around $64,000 at the time of writing. This comes after holders realized their largest losses so far in 2024. CryptoQuant analysts said on-chain…
The price of Ripple (XRP) has dropped by 9%, reaching a low of $0.55 at the end of the week, according to CoinGecko’s data. The decline follows the U.S. Securities and Exchange Commission’s (SEC) recent decision to cancel a key meeting. The SEC’s recent meeting cancellation has erased all Wednesday’s gains. The SEC had planned…
TL;DR Dog-themed meme coins, like Dogecoin (DOGE) and Shiba Inu (SHIB), have seen significant growth in 2024, possibly driven by strong communities and market presence. Other notable performers include Floki Inu (FLOKI) and dogwifhat (WIF), which have gained traction due to active communities and major cryptocurrency exchange listings. DOGE or SHIB? Dog-themed meme coins have…
Ownmali, a blockchain-enabled real estate tokenization platform, has been admitted into the Capital Markets Authority of Kenya (CMA Kenya) Regulatory Sandbox. Ownmali aims to foster greater inclusivity in real estate investing by making it more affordable for younger Kenyans, regardless of their income levels. During the 12-month sandbox period, Ownmali will adhere to regulatory requirements,…
The cryptocurrency market staged a massive recovery yesterday after starting the day very slow and even declining considerably. However, the buyers stepped in and pushed Bitcoin above $67K, while many altcoins are charting impressive returns. Bitcoin Pokes Above $67K Bitcoin’s price is up around 5% on the day, staging an impressive recovery after having declined…
Trading volume on centralized exchanges declined 21.8% in June, marking the third consecutive month of diminishing activity since March. According to a report by CCData released on July 17, the combined spot and derivatives trading volume across these platforms amounted to $4.2 trillion, down from a peak of $9 trillion recorded in March. Open Interest…