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Blockchain News

Arbitrum DAO’s Withdrawal from Tornado Cash Legal Defense Funding

Leading participant in the decentralised finance (DeFi) space, Arbitrum DAO, has withdrawn its offer to support Roman Storm and Alexey Pertsev, the developers of Tornado Cash, in their legal defence. The original plan called for setting aside about $1.3 million in ARB tokens from the community wallet to pay for the creators of the cryptocurrency […]

Blockchain News

Bitstamp’s Milestone in Singapore: A Leap Towards Expanding Digital Asset Services

The leading cryptocurrency exchange in Europe, Bitstamp, just reached a noteworthy milestone in Singapore. The exchange’s application for a licence to offer digital asset services in the city-state has been approved in principle. Bitstamp is now able to provide its services to clients in Singapore and a few other Southeast Asian nations thanks to the […]

Blockchain News

BRICS Forge Ahead with Digital Currency System

Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates, also known as the BRICS countries, have unveiled a ground-breaking plan to transform their financial networks. They intend to use blockchain technology and digital currencies to develop a stand-alone payment system in a daring step towards de-dollarisation. This represents a dramatic […]

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VeChain (VET) Price Prediction by ChatGPT

The cryptocurrency industry is a speculative hotbed where enthusiasts and investors always look for ways to make significant returns. VeChain (VET) sticks out from the number of digital assets because of its emphasis on supply chain management and practical application. Everyone is wondering what the future holds for the price of VeChain as the first […]

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Kraken’s Strategic Move to Institutional Services

Leading cryptocurrency exchange, Kraken has announced that Kraken Institutional will start on February 27, 2024. This new business aims to gain a substantial presence in the Bitcoin exchange-traded fund (ETF) market by offering institutional clients specialised services. For customers outside of the US, Kraken Institutional will provide a range of services, such as spot and […]

Blockchain News

The Mysterious Shutdown of BitForex

Users of the Hong Kong-based Bitcoin exchange BitForex are left feeling uncertain and concerned after the unexpected shutdown of the exchange. Fears of a possible exit fraud were raised by the abrupt shutdown on February 23, which resulted in the exchange going silent on all official communication channels. The Sudden Shutdown of BitForex On February […]

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Grayscale’s Bitcoin ETF Sees Record Low Outflows Amid Market Shifts

Withdrawals from Grayscale’s Bitcoin Trust (GBTC) have fallen to an all-time low, signalling a significant change in the financial landscape. This development represents a central turning point in the history of GBTC, which has seen erratic withdrawal levels. According to the most recent data from BitMEX Research, on February 23, GBTC saw a total of […]

Blockchain News

Ripple CEO Anticipates Positive Impact of Potential XRP ETF

The CEO of Ripple, Brad Garlinghouse, talked about the potential for BlackRock to introduce an exchange-traded fund (ETF) for XRP in a recent interview with Bloomberg. The possibility of comparable ETFs for other cryptocurrencies, such as XRP, is becoming increasingly apparent with the US regulator’s approval of the first crypto spot ETF for Bitcoin. Garlinghouse […]

Blockchain News

Ripple’s Recent 60 Million XRP Transfer: Analysing Market Impact and Speculations

In a recent occurrence in the cryptocurrency space, 60 million XRP, or roughly $34 million, were transferred by Ripple to an unidentified wallet, garnering significant attention in the industry. The XRP community is anxious due to this decision, and many wonder if Ripple would dump tokens on the market. The deal’s ramifications for XRP’s market […]

Blockchain News

VeChain Targets $20 Trillion Market

VeChain applied for a V3TR trademark, indicating its intention to connect with the financial industry and gain a substantial portion of the global payments business. This project puts VeChain in a position for significant growth inside the cryptocurrency space and complies with international standards. As the industry anticipates regulatory advancements and the potential impact of […]

Blockchain News

SEC to Restrict ETF Approvals to Bitcoin and Ethereum

The CEO and chief investment officer of Ark Invest, Cathie Wood, recently made a noteworthy forecast about the direction exchange-traded funds (ETFs) will go in the cryptocurrency space. Wood predicts that the US Securities and Exchange Commission (SEC) would only approve Bitcoin and Ethereum-based cryptocurrency exchange-traded funds (ETFs). This prediction clarifies the cautious stance the […]

Blockchain News

The Transformative Impact of Bitcoin ETFs in the First Month

The introduction of Spot Bitcoin ETFs sparked a dramatic change in the financial environment, marking a historic milestone for cryptocurrency investment. Bitcoin’s value surged spectacularly, reaching its highest point in over two years, indicating strong investor interest. This occurrence highlights the growing trust in digital currencies and is driven by a historic $2.8 billion net […]

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