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
The cryptocurrency world is abuzz with excitement as the Chicago Board Options Exchange (CBOE) has officially announced the launch date for Spot Ethereum ETFs. This groundbreaking development has the potential to revolutionize the way investors interact with Ethereum and could open up new avenues for trading and diversification within the crypto market. On July 19,
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
Semilore Faleti is a prominent figure in the field of cryptocurrency journalism and content creation. He initially started his writing career covering a wide range of topics but soon gravitated towards the complexities of blockchain technology and digital assets. His passion lies in understanding and dissecting the intricacies of the crypto world, particularly the efficiency
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
The crypto market has been on a road to recovery, but the sad truth remains that a significant number of Cardano holders are still facing losses. This fact has sparked various speculations as to why Cardano, also known as ADA, is the worst performer in terms of profitability among the top 10 largest cryptocurrencies by
Recently, a US court has given Binance US the green light to invest a portion of its customer fiat funds, which are currently being held at BitGo, in US Treasury Bills. The exchange had requested permission to invest around $40 million in increments of $10 million over a span of four weeks. The investments will
The recent security breach at India-based crypto exchange WazirX has raised significant concerns in the cryptocurrency community. The breach, resulting in an estimated $235 million loss, has been the subject of intense scrutiny. Liminal, a multiparty computation (MPC) wallet provider, has released a post-mortem report shedding light on the incident and absolving its infrastructure of
The recent surge in Ethereum derivative volume raises questions about the confidence level of Ethereum investors in the upcoming Spot Ethereum ETFs. This surge comes at a time when these funds are set to be launched next week, with high expectations for a price rally for the second-largest cryptocurrency by market cap. Data from Laevitas