The post Stellar (XLM) Records 300% Spike In Daily Trade Volume Amid Bullish Sentiments appeared first on Coinpedia Fintech News The Stellar XLM market recorded a sharp uptick in daily traded volume on Wednesday amid the macro crypto downturns. The veteran crypto asset gained more than 30 percent in the past two weeks to trade […]
Web3 Firms Spending Massive $25M to Secure Crypto License in Hong Kong
Coinspeaker Web3 Firms Spending Massive $25M to Secure Crypto License in Hong Kong Hong Kong regulators have been making every push to attract crypto firms from across the world as they seek to become the crypto hub of Asia. The latest report from Foresight News show that Hong Kong-based Web3 firms are spending as high […]
FTX Suspends Sale of $500M Stake in Anthropic
Coinspeaker FTX Suspends Sale of $500M Stake in Anthropic Bankrupt crypto exchange FTX has paused the sale of its stake in Anthropic, an artificial intelligence (AI) startup. Bloomberg revealed that the company is suspending selling its most sought-after assets worth $500 million despite multiple parties being interested in the deal. According to the report, Parella Weinberg […]
Invasion of TradFi: Crypto’s Alternative Status at Risk?
In a concerted effort to capitalize on a weakened industry, TradFi giants such as Blackrock, Citadel, and Deutsche Bank are seizing opportunities in the crypto market this week. The 2021 bull market brought mainstream attention to cryptocurrencies, leading to a shift in perception among skeptics. However, the latecomers now aim to strike when the market […]
The surge in Stacks explained: Where to invest next?
In this declining market, it’s rare for a cryptocurrency to post a 2x return. But Stacks (STX) achieved this in June, thanks to some favorable events. The smart contract platform is closely associated with Bitcoin (BTC), yet many investors see Stacks as a better option for their pocket. Meanwhile, you may wonder where to invest […]
Cronos X Caldera: Delivers blockchain scalability
Cronos recently announced joining hands with Caldera for blockchain scalability. The network will use its rollup technology to reach scalability. The partnership was announced on the official Twitter handle of Cronos. According to the tweet, Cronos has finally released its rollup deployment technology on the mainnet. Thus, the on-demand optimistic L2 rollups are available to […]
Ethereum price won’t see $2K anytime soon, market data suggests
Weak derivatives metrics, declining TVL and Dapps use, put Ethereum bears in a better position to keep ETH price below $2,000. Ether (ETH) price faced strong resistance at $1,920 after the 17.5% rally between June 15 and June 22. A number of factors contributed to the limited upside, including worsening macroeconomic conditions, the regulatory cryptocurrency […]
UK Law Commission proposes classifying crypto as a new type of property
Digital assets, such as cryptocurrencies, could be classified under a new category of personal property, the Law Commission of England and Wales said in its final recommendation report to the government. The Law Commission, comprising lawyers, judges, and professors, set forth four specific recommendations in its report published on June 28. These related to legislation […]
BITX records $5.5M in trade volume on launch day
Quick Take Eric Balchunas, Senior ETF Analyst for Bloomberg, has highlighted BITX as one of the most successful Bitcoin ETF launches of 2023. BITX is a leveraged Bitcoin Futures ETF that provides 2x exposure to BTC through futures contracts launched on June 27. On its first day, BITX saw a trading volume of $5.5 million […]
Top Crypto Lawyer Forecasts Updated Verdict Date for Ripple-SEC Case
The post Top Crypto Lawyer Forecasts Updated Verdict Date for Ripple-SEC Case appeared first on Coinpedia Fintech News Renowned crypto attorney, John Deaton, recently addressed the crypto community’s impatience over the long-awaited Ripple-SEC case verdict. In an analysis of the case’s intricate proceedings, Deaton shed light on why the verdict may take longer than anticipated […]