On October 30th, Kraken, a prominent player in the cryptocurrency exchange market, announced significant changes that have sparked discussions throughout the industry. Labelled as “organizational changes,” these layoffs are expected to affect 15% of Kraken’s workforce, echoing a similar trend seen in the broader crypto sector. The decision was largely framed as an initiative to
Maximiliano Pilipis, a former resident of Noblesville, Indiana, has recently been swept into a legal maelstrom following the indictment by a federal grand jury on multiple serious charges, including five counts of money laundering and two counts of failing to file tax returns. This case serves as a glaring example of the dark underbelly of
In a striking development, the Royal Government of Bhutan has taken a decisive step into the cryptocurrency realm by transferring 929 BTC to the popular crypto exchange Binance. This move occurred shortly after Bitcoin’s price surged past the $70,000 mark, a notable rebound since its last peak in June. The incident was highlighted by Lookonchain,
The Bank for International Settlements (BIS), often hailed as the bank for central banks, is embarking on a transformative journey with its Project Mandala. This initiative, launched in partnership with the central banks of Australia, Korea, Malaysia, and Singapore, aims to streamline cross-border transactions, a critical aspect of global finance. In today’s interconnected world, regulatory
As Bitcoin maintains its position as the flagbearer of cryptocurrency, analysts are honing in on potential price targets for the anticipated bull run. Among them, Tony Severino stands out with his compelling price prediction of $133,000. His analysis is grounded in historical data and technical indicators—a combination that offers both substance and speculative intrigue to
In a significant move that signifies the evolution of customer loyalty programs, Circle, a notable stablecoin issuer, has entered into a Memorandum of Understanding (MOU) with HKT, a prominent player in the technology, media, and telecommunications sector. This collaboration aims to harness the power of blockchain technology to enhance the loyalty solutions existing within Hong
On October 29, Visa announced a significant partnership with Coinbase, marking a pivotal moment in the convergence of traditional finance and cryptocurrency. This collaboration aims to facilitate real-time transactions between standard banking practices and crypto services through the Visa Direct network. This initiative is not merely a financial upgrade; it represents a broader recognition of
The sentencing of Nishad Singh, once the engineering director at the now-defunct cryptocurrency exchange FTX, serves as a somber reminder of the potential consequences of financial malfeasance. On October 30, Singh was sentenced to time served and three years of supervised release by US District Judge Lewis Kaplan, reflecting the severity of actions that have
In the ever-evolving landscape of decentralized finance (DeFi), new technologies and platforms continually emerge, each aiming to address the limitations of their predecessors. Berachain, a cutting-edge Layer 1 blockchain, is one of the latest players to enter this arena. With its innovative Proof of Liquidity (PoL) consensus mechanism and compatibility with the Ethereum Virtual Machine
Ripple (XRP) is currently experiencing a period of volatility that mirrors the cautious sentiment permeating the cryptocurrency market. The asset has recently attempted to recover from a critical support level around $0.5, demonstrating some resilience. However, this hasn’t been enough to shift the overall trend, as XRP faced significant hurdles near the 200-day moving average,