The cryptocurrency world is abuzz as investors constantly scout for lucrative opportunities. XRP remains a hot topic with its unpredictable price predictions, recently suggesting a potential skyrocket to $10,000, captivating many. On the other hand, PEPE, known for its meme-driven volatility, has seen a notable 15% decrease, signaling a shift towards utility tokens dominating over…
Polygon will undergo a mainnet upgrade on Sept. 4, 2024, following the community’s approval of the proposal. This upgrade marks the transition from the native MATIC token to a new one with the ticker POL and introduces fresh smart contracts. The Migration Process “Following PIP-42, consensus was reached that Polygon PoS validators must stake POL…
Hong Kong regulators announced the conclusion of a stablecoin regulation consultation phase that saw stakeholders provide 108 submissions. The regulators claimed that the proposed regulatory requirements received positive feedback from stakeholders. Stakeholders Support Introduction of Stablecoin Regulatory Regime On July 17, Hong Kong regulators—the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong…
Dogecoin (DOGE) has suffered a steep 11% drop, now teetering around $0.09, causing investor unease. Concurrently, Aptos hints at recovery, despite recent setbacks. Meanwhile, BlockDAG (BDAG) is emerging as a prime cryptocurrency investment. With UFC Champion Alex Pereira backing it, BlockDAG’s presale has hit a new high of $59.2 million by its 20th batch. Furthermore,…
Crypto exchange Kraken has expanded its custody services to institutional clients in the UK and Australia, marking the first international expansion following its successful U.S. launch in March. Kraken Institutional, already established in the UK and Australia, now offers its custody solution to both existing and new clients in these countries, emphasizing security and client…
Standard Chartered Bank (Hong Kong) Ltd. (SCBHK), Animoca Brands, and Hong Kong Telecom (HKT) have united to participate in the Hong Kong Monetary Authority’s (HKMA) stablecoin issuer sandbox, announced in March. Leveraging Zodia Custody’s digital asset capabilities, the collaboration aims to promote sustainable and transparent growth in the digital asset market. Zodia is Standard Chartered’s…
In the crypto arena, Avalanche has seen a sharp 37% decline in its value over the past month, marking its lowest price point since the previous year, which has affected its standing among competing cryptocurrencies. On the other hand, VeChain is gaining momentum, overcoming key resistance barriers, signaling the start of a bullish phase. During…
The U.S. Attorney’s Office has launched a civil forfeiture action to reclaim cryptocurrency seized by the FBI from international fraudsters involved in “pig butchering” schemes. This initiative aims to return the stolen funds to victims and hold criminals accountable. “The rate at which bad actors are using elaborate pig-butchering scams to defraud innocent people is…
The potential for a ban on cryptocurrency mining in regions classified as ‘energy deficient’ has hindered the ability to reach a consensus on the approval of cryptocurrency mining regulations in Russia. The proposed bill, which is expected to pass in August, would give authorities the power to declare mining operations in these regions illegal, based…
A renowned chartist says Ripple (XRP) is set for an incredible 27,600% surge, potentially paving the way for several Ethereum altcoins like RCO Finance (RCOF). Technical analysis indicates Ripple (XRP) could break out significantly, possibly rising to $7.50 from its current price of around $0.558. Similarly, RCOF is set to earn investors over 30X in…