Stablecoins sit at the center of the crypto sector’s goals for a return to form. That’s because stablecoin digital assets, which are designed to maintain a stable value by being pegged to a reserve asset such as a fiat currency (e.g., USD) or commodity (e.g., gold), aim to provide the benefits of cryptocurrencies — such
Furrever Token New York City, NY , June 10, 2024 (GLOBE NEWSWIRE) — The cryptocurrency market is experiencing a fiery surge as Bitcoin, Ethereum, and the newly introduced Furrever Token make significant strides. This trifecta of digital assets is creating a buzz among investors, each offering unique opportunities and showcasing promising growth trajectories. Bitcoin’s Breakout:
Digital asset marketplace Bakkt is reportedly considering putting itself up for sale. That’s according to a Friday (June 7) report from Bloomberg News, citing sources familiar with the matter. Those sources said Bakkt — which has a market value of around $300 million as of Friday — had been working with a financial adviser to
By Manya Saini (Reuters) – Trading platform Robinhood Markets said on Thursday it has agreed to buy cryptocurrency exchange Bitstamp for around $200 million in cash, speeding up a broader push into digital assets with its biggest ever deal. The 11-year old trading app, popular among retail traders, has been looking to expand its product
President Joe Biden has vetoed a resolution limiting the Securities and Exchange Commission’s (SEC) authority over the cryptocurrency sector. Biden announced the veto Friday (May 31) evening, saying that the legislation would have constrained regulators’ ability to put up guidelines for the crypto industry. “Appropriate guardrails that protect consumers and investors are necessary to harness
TORONTO, May 16, 2024 /CNW/ – DeFi Technologies Inc. (the “Company” or “DEFI“) (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a financial technology company and the first and only publicly traded company that bridges the gap between traditional capital markets, Web3 and decentralised finance,today announces it will conduct a shareholder call on Tuesday, May 21, 2024 at 12:00 p.m. EDT
Equity capital was $2.2 billion as of March 31, 2024, up $402 million quarter-over-quarter (“QoQ”) Net income of $422 million for the first quarter, up $120 million relative to the prior quarter Galaxy Mining reached a Hashrate Under Management of 5.7 exahash per second, which contributed to record bitcoin mining revenue of $31.5 million for
Jenny Johnson, President and CEO, Franklin Templeton has long been a blockchain fan. “Eventually I think ETFs and mutual funds are all going to be on blockchain,” she told Bloomberg TV last week. The asset manager issued a money market fund on blockchain, which was the largest blockchain-based treasury fund until last week. The Franklin Onchain US Government Money fund has a market capitalization
On Tuesday EDXM Global announced it launched its settlement platform in Singapore. It’s a subsidiary of EDX Markets, the institutionally focused cryptocurrency exchange founded by Citadel Securities, Fidelity Digital Assets, Virtu Financial and Charles Schwab, alongside venture capital firms. Initially EDXM Global provides a settlement process for OTC transactions. It also plans to provide custody services, but we believe that requires a Singapore license.
Crypto goes up, and crypto goes down. Then, often, crypto goes back up. It can be a dizzying and volatile cycle. Just collapsed cryptocurrency exchange FTX’s customers, who, having once feared they’d lost their collective billions, can now take solace from the news Tuesday (May 7) that FTX’s bankruptcy team is ready to repay them