Kraken Institutional, the division of the US-based crypto exchange Kraken that caters to institutional investors, has recently announced the expansion of its custody services into the UK and Australia. This move signifies a significant step for Kraken Institutional as it marks the first international venture following its initial launch earlier this year. Institutional clients in
Crypto
In recent days, the price of bitcoin (BTC) has seen a significant rally, indicating a possible trend reversal. The cryptocurrency has surged to a high of $67,000, a promising sign for investors. This comes after a period of intense losses in 2024, with holders experiencing significant downturns in their investments. Analysts at CryptoQuant have pointed
In the ever-evolving world of cryptocurrency, a new trend has emerged in 2024 – the rise of dog-themed meme coins. Dogecoin (DOGE) and Shiba Inu (SHIB) have become household names in the crypto space, with significant growth and market presence attracting the attention of investors and traders alike. One of the driving forces behind the
In June, trading volume on centralized exchanges saw a significant decrease of 21.8%, marking the third consecutive month of diminishing activity. This decline was attributed to several key factors highlighted in a report by CCData. One major factor was the notable decrease in open interest on derivatives exchanges, which fell by 9.67% to $47.11 billion
Ethereum saw a positive week with a 12% price increase. This impressive recovery came after the entire market rallied, allowing ETH to establish $3,300 as a key support level. Moving forward, buyers have set their sights on the $4,000 target, which also serves as a crucial resistance point. The last time ETH tested this level
Shiba Inu, the popular meme coin, has seen a significant increase in its burn rate recently. In the past 24 hours alone, the burn rate skyrocketed by 450%, resulting in nearly 50 million tokens being sent to a null address. While the USD equivalent of this may seem insignificant, continuous efforts in reducing the circulating
Ethereum co-founder Vitalik Buterin recently cautioned against the dangers of supporting political candidates purely based on their pro-cryptocurrency views. While acknowledging the significance of the crypto industry, Buterin stressed the importance of considering broader values such as individual freedoms and technological progress when evaluating political figures. He argued that fixating solely on crypto-related policies could
In a recent announcement, the bankrupt crypto lender BlockFi shared that they will be initiating the first interim distribution of funds to their clients via Coinbase. This move is a significant step in their ongoing efforts to repay their clients who were affected by the bankruptcy. The distribution of funds is set to begin this
DeFi Technologies, a prominent Canadian fintech company, has recently made significant moves in the crypto space by acquiring a large batch of Bitcoin (BTC) as part of its treasury strategy. This acquisition comes on the heels of their initial purchase of 110 BTC in June, further solidifying their commitment to digital assets. In addition to
Bitcoin’s price has shown signs of recovery after a period of bearish price action. The market has found support at the $56K level, and the 200-day moving average around $60K has been reclaimed. Despite this positive momentum, the price is struggling to break above the $65K resistance level, facing rejection in the last three days.