Trade News

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  BIS to focus on tokenization and CBDC as part of 2024 strategy

  2024-01-25 Trade News

  Roadmap 2024 shows regulators will continue to engage with digital fintech. The Bank for International Settlements (BIS) has published its strategic priorities for 2024, with a particular emphasis on central bank digital currencies (CBDC) and tokenization. The 2024 roadmap indicates that regulators will continue to engage with digital fintech. The…

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  Arkham Announces On-Chain Address for BlackRock Bitcoin ETF

  2024-01-25 Trade News

  This article briefly: -Arkham Intelligence has identified the addresses of four Bitcoin exchange-traded products, increasing the number of known U.S. spot ETF addresses to five. -Coinbase is the custodian of eight of the 11 bitcoin ETFs and faces potential concentration risk, which could create a single point of weakness. -Funds…

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  Ripple Wins Big: U.S. Banks Expected to Adopt XRP for International Payments

  2024-01-25 Trade News

  The Ripple ecosystem has been experiencing significant growth, achieving new milestones in its expansion into different regions and industries. The cryptocurrency payment network may have one of its best achievements to date in 2024, as reports indicate that Bank of America may be preparing to integrate XRP into international payments.…

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  Cryptocurrency Stocks Plunge on Bearish Bitcoin, Coinbase Takes a Hit

  2024-01-25 Trade News

  JPMorgan downgraded Coinbase stock to Reduce due to current market conditions. Shares of several U.S.-listed cryptocurrency companies fell sharply due to the sharp market decline on January 23rd. Earlier today, the price of Bitcoin was downgraded by an expected rise in the U.S. launch of the U.S. spot exchange-traded fund…

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  Morgan Stanley expects cryptocurrencies to disrupt the global financial system

  2024-01-23 Trade News

  This article is brief: -Bitcoin's market capitalization rivals that of major economies and its impact on global finance is undeniable, says Morgan Stanley. -The rapid adoption of the stablecoin has spurred interest in the central bank's digital currency, which accounts for more than 95% of global GDP. -Morgan Stanley's 2024…

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  There are currently 580 million cryptocurrency holders worldwide

  2024-01-23 Trade News

  This article briefly: -Global cryptocurrency holders increased by 34% to 580 million in 2023, led by Bitcoin and Ether. -Key developments such as the Bitcoin ETF, Bitcoin Ordinals, and the Ether Shanghai upgrade drove this growth. -The increase in cryptocurrency ownership marks a shift to digital assets, attracting a diverse…

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  Chainanlysis Report: Cryptocurrencies Are Clean, Nearly 100% of On-Chain Cryptocurrencies Are Legal

  2024-01-23 Trade News

  A recent cryptocurrency crime report released by blockchain analytics firm Chainanlysis reveals that the vast majority of cryptocurrency transactions (approximately 99.6%) are used for legitimate purposes. The study reveals the changing landscape of cryptocurrency use and challenges the prevailing narrative of illicit activity in the cryptocurrency space. According to the…

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  Dog Coin Founder Responds to Ripple CEO: ‘DOGE Is Basically the Same as BTC’

  2024-01-23 Trade News

  Dogcoin (DOGE) has recently received both support and negative comments from some prominent crypto practitioners in the crypto community. A discussion erupted on the X platform (previously known as Twitter) when Dogcoin founder Billy Markus (aka "Shibetoshi Nakamoto") responded to Ripple CEO Brad Garlinghouse's comments about the Dogcoin.Bitcoin Miner Brad…

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  Ether Foundation Puts Pressure on Market with $1.68 Million in ETH Sales

  2024-01-23 Trade News

  The price of Ether has fallen by more than 4% in the past day due to tremendous selling pressure. According to crypto analytics firm Arkham Intelligence, the Ether Foundation, a non-profit organization dedicated to the blockchain network ecosystem, sold off $1.6 million worth of ETH.Bitcoin Miner According to data from…

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  Solana Replaces Ripple as Hong Kong’s Top 5 Cryptocurrency Index; Borroe Finance Approaches $3 Million in Presales

  2024-01-23 Trade News

  The Hong Kong Virtual Assets Coalition (HKVAC) just made some bold moves in its cryptocurrency index and is making a difference; Solana is in, Ripple is out, and Borroe Finance is making waves in the pre-sale market. Let's dive into what it all means and why it's super exciting. Solana…

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