Industry News
XRP advocate John Deaton steps up campaign against senator Elizabeth Warren
John Deaton’s Senate Campaign: A Call for Change Against Elite Funding and Established Power John Deaton, a prominent lawyer in the XRP community and an outspoken critic of Senator Elizabeth Warren, is challenging her for the Massachusetts Senate seat. Deaton’s campaign gained traction with his strong stance against Warren and her acceptance of funding from…
Uniswap Research Highlights Cost Efficiency of Layer-2 Networks Over Ethereum Mainnet
Unlocking the Potential of Decentralized Finance with Layer-2 Networks: Cost Savings, Superior Liquidity, and Future Prospects In a groundbreaking study conducted by Austin Adams, a dedicated researcher at uniswap Labs, it has been unveiled that executing swaps and managing liquidity provisions on layer-2 networks outperforms Ethereum’s mainnet in terms of cost-effectiveness (Adams, 2023). This keyboards-changing…
Avalon Finance get $1.5 Million in Seed Funding to Enhance DeFi Lending
Avalon Finance Secures $1.5 Million in Seed Funding to Revolutionize Decentralized Finance (DeFi) Lending on the Bitcoin Ecosystem Avalon Finance: A Promising Newcomer to the DeFi Lending Space In a major stride towards redefining decentralized finance (DeFi) lending, Avalon Finance, the pioneering lending protocol under the Merlin Chain umbrella, has recently closed a successful $1.5…
Donald Trump becomes the preferred candidate among crypto holders
Surprising Preference of Crypto Community Towards Donald Trump: Insights from Paradigm’s Survey In a groundbreaking revelation, a survey conducted by the esteemed crypto venture capital firm, Paradigm, has uncovered that Donald Trump enjoys significant support from the crypto community. The comprehensive study, carried out by Public Opinion Strategies between February 28 and March 4 among…
Dubai International Financial Centre introduces new law for digital asset transactions
DIFC Announces Enactment of New Digital Assets Law, Aligning Dubai with Global Technological Advancements in Finance The Dubai International Financial Centre (DIFC), a prominent financial hub situated in the United Arab Emirates, made an important announcement this week regarding the enactment of its new Digital Assets Law, effective from March 8. This legislative development comes…
UK financial watchdog eases restrictions on crypto-backed exchange-traded notes
A Major Milestone in the UK’s Financial Landscape: FCA Allows Professional Investors to Trade Crypto ETNs The United Kingdom’s Financial Conduct Authority (FCA) has made a groundbreaking decision, enabling professional investors to engage in trading crypto exchange-traded notes (ETNs) provided by recognized investment exchanges (RIEs). This announcement on March 11 marks a significant step towards…
Pokémon Center Pop-Up Store Opens in London Soon
The Pokémon Company has recently made an exciting announcement regarding the opening of reservations for a special Pokémon Center pop-up store at the 2024 Pokémon Europe International Championships. This highly anticipated event is scheduled to take place at ExCeL London from April 4th to April 7th and promises to be a must-visit destination for Pokémon…
US 2024 elections and crypto sign up for a “dance of death”
The forthcoming US 2024 elections have sparked intense interest and anticipation across the nation, serving as a pivotal moment in shaping America’s future. Intriguingly, the political landscape is intersecting with the decentralized world of cryptocurrency, giving rise to an intriguing fusion of technology and finance. This unique merger has captured the attention of both political…
JPMorgan warns of MicroStrategy’s Bitcoin dark future
MicroStrategy’s Bitcoin Purchases: Debt Financing and Future Market Implications The high-profile purchases of Bitcoin by MicroStrategy have garnered significant attention due to their potential implications in the event of a future market downturn. According to a report by JPMorgan, the large-scale acquisition of Bitcoin using borrowed funds raises concerns about exacerbating the impact of a…
Nayib Bukele’s Bitcoin brains, do you want some?
Nayib Bukele, the charismatic President of El Salvador, has made headlines around the world for his groundbreaking approach to incorporating Bitcoin into his country’s economic framework. Known for his strategic and innovative mindset, Bukele has positioned Bitcoin as a tool for financial inclusion and reducing remittance fees for Salvadorans. This bold move made El Salvador…
Star Wars Battlefront: Classic Collection Launches Amidst Criticism
The highly anticipated release of Aspyr Media’s Star Wars Battlefront: Classic Collection has left fans and critics alike disillusioned. The much-anticipated remasters of the classic Battlefront games have been met with a barrage of technical issues and subpar performance, leading to an outpouring of disappointment among players. In this article, we delve into the launch…
Bitdeer analyst coverage initiated with a buy rating and a $13 price target
Analyst Initiates Coverage of Bitdeer Technologies Group with a Buy Rating: Reasons for Optimism Benchmark analyst Mark Palmer has recently taken the initiative to cover Bitdeer Technologies Group, a leading Bitcoin mining company. In an analyst note dated March 14, Palmer expressed optimism towards the firm by assigning it a buy rating and setting a…
JPMorgan raises price target for coinbase amid Ethereum optimism
In a noteworthy turn of events, JPMorgan, the largest banking institution in America, has announced a bullish stance towards the cryptocurrency market, with a particular focus on Ethereum (ETH) and its associated network. JPMorgan’s analysts have suggested that the Ethereum network and its native token, ether (ETH), could significantly contribute to the broader cryptocurrency ecosystem…
Aspyr’s Struggle with Star Wars Game Releases
The Disappointing Re-release of Star Wars: Battlefront Classic Collection by Aspyr: A History of Technical Issues and Design Flaws The long-awaited re-release of Aspyr’s Star Wars: Battlefront Classic Collection was met with widespread disappointment from fans upon its launch on Thursday. Despite the excitement surrounding this title, it has been marred by numerous issues, causing…
DNB imposes fine on Crypto.com for illegal operations in the Netherlands
The Dutch Central Bank, De Nederlandsche Bank (DNB), has announced that it has imposed an administrative penalty on the centralized cryptocurrency exchange Crypto.com for operating without proper registration in the Netherlands for over two years. The fine was handed down following allegations that Foris DAX MT Limited (DAX MT), the operator of Crypto.com, provided crypto…
A New Era for Call of Duty: Microsoft’s Acquisition and Future Prospects
In an earth-shattering turn of events within the gaming industry, Microsoft, the tech behemoth, finalized its historic acquisition of Activision Blizzard for an astounding $68.7 billion in October 2023. This landmark deal, which represents one of the biggest transactions in gaming history, has dramatically reshaped the industry’s landscape and ignited a flurry of speculation regarding…
Bybit faces regulatory heat for unlicensed Hong Kong operations
The Securities and Futures Commission (SFC) of Hong Kong: A Warning Against Unlicensed Virtual Asset Trading Platform Bybit The financial regulatory landscape is constantly evolving, with regulators taking decisive actions to protect investors and maintain market integrity. In this context, the Securities and Futures Commission (SFC) of Hong Kong has recently issued a public warning…
Chainlink’s CCIP revenue jumps 180% amid growing adoption
Chainlink’s Cross-Chain Interoperability Protocol (CCIP): A Game Changer in Blockchain Ecosystem with 180% Revenue Surge in Two Months The past two months have seen an impressive surge of 180% in the revenue generated by Chainlink’s Cross-Chain Interoperability Protocol (CCIP). With a fee revenue jump from approximately $61,000 in January to over $171,000 during the first…
Crypto investment funds break $100B AUM worldwide for the first time
Global Assets under Management (AUM) in Cryptocurrency Investment Products Surpass $100 Billion: According to recent data from the leading digital asset investment firm, CoinShares, global assets under management (AUM) in cryptocurrency investment products have surpassed the $100 billion mark. This significant achievement is a result of robust inflows into crypto funds and impressive gains in…
Memecoins recent surge tied to significant increase in network activities
Memecoins, a subclass of cryptocurrencies recognized for their fanciful origins and speculative characteristics, have garnered substantial interest within the financial sphere in recent times. Despite not inherently holding any value, these tokens have displayed an intriguing correlation between their price escalations and the expansion of user wallets on underling blockchains, as per a report issued…