Asset tokenization, including the tokenization of securities, has been gaining attention for the potential benefits it offers. SEC commissioner Mark Uyeda highlighted the advantages, pointing out that representing asset rights with a digital token on a blockchain can enhance security, transparency, and immutability. He also mentioned that tokenization eliminates the need for intermediaries, making transactions
Recent data points to a concerning downward trend in the price of Ethereum, with a significant 15% drop from March 2024. Despite this, on-chain data suggests a more bullish outlook for the cryptocurrency. Analysts have observed a spike in ETH demand, particularly from permanent holders, who are often institutional investors with substantial resources at their
Recently, the New York Attorney General’s office made headlines by announcing the completion of its settlement with Gemini and the subsequent recovery of $50 million for users who were affected by the defunct Gemini Earn program. This news sent shockwaves throughout the cryptocurrency community, as it shed light on the deceptive practices that had been
In a recent analysis by crypto analyst TechDev, insights into the future trajectory of Bitcoin have been provided. The analyst suggests that Bitcoin has not yet reached its full potential in the current market cycle and that more price surges are expected for the cryptocurrency. According to TechDev, blowoff tops in Bitcoin only occur after
The recent surge in ETH withdrawals from centralized exchanges indicates that crypto whales are anticipating a price recovery for Ethereum. Analysts have noted a significant decrease in the amount of ETH held on exchanges, reaching levels not seen since 2016. This trend is attributed to both small and large investors withdrawing their holdings, leading to
The Bitcoin market is currently experiencing an expiry event with around 20,000 Bitcoin options expiring, amounting to a notional value of $1.35 billion. While today’s expiry event is relatively small compared to previous weeks, a much larger expiry event is scheduled for June 28, with $6.7 billion worth of derivatives expiring. The current put/call ratio
The cryptocurrency market has been experiencing a period of stagnation, with major cryptocurrencies like Bitcoin unable to make decisive moves. Bitcoin’s price has been hovering around the $67,000 mark, failing to break through this crucial level. Despite attempting to push past $68K recently, the sellers managed to halt any further upside movement. This choppy price
STORM Partners, a leading blockchain services provider, recently made a groundbreaking announcement at the Web3Fest event in Switzerland’s “Crypto Valley.” Alongside Cardano, MultiversX, and other prominent projects in the crypto space, the company revealed its latest initiative, Lightningbox. This innovative Web3 Sandbox aims to drive digital transformation efforts for large enterprises in Europe by leveraging
Bubblemaps, a blockchain analytics platform, has recently brought to light some concerning allegations regarding insider trading activity in meme coin projects promoted by influencers Andrew Tate and Iggy Azalea. The platform revealed that at the launch of the DADDY coin, insiders had allegedly acquired a significant portion of the token supply, totaling over $45 million
Charles Hoskinson, the founder of Cardano, recently discussed the missed opportunities for a potential partnership with tech mogul Elon Musk on the Thinking Crypto podcast. Despite numerous outreach efforts by his team to Musk’s companies, including offers of free work to combat bot issues on X (formerly Twitter), the response has been silence. This lack