Decentralized taxi app DRIFE has recently announced the integration of Sui blockchain into their platform. This move aims to enhance the onboarding process for their ride-hailing users in India and the UAE. By utilizing the features of the Sui blockchain, DRIFE seeks to provide a seamless and transparent experience for both riders and drivers. One
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KuCoin, a prominent cryptocurrency exchange, has recently faced legal challenges with US authorities. These challenges have had a significant impact on the exchange’s user assets, as evidenced by the latest proof-of-reserve certificate. The update shows a substantial decrease in users’ Bitcoin holdings, Ethereum balances, and Tether’s USDT on the platform. This decline indicates a loss
Data Ownership Protocol has successfully raised $162 million in a recent token sale, gearing up for its mainnet launch later this month. The protocol, which focuses on blockchain privacy, aims to bring “selective transparency to Ethereum” and has a large community of over 2.67 million users participating in its testnet. One of the key objectives
XRP price is facing challenges as it struggles to maintain a position above $0.620. In order to see a potential increase in the near future, it is crucial for the price to remain above the $0.5680 support level. Currently, XRP is slowly drifting lower from the $0.6620 resistance zone, trading below $0.620 as well as
The cryptocurrency market experienced a significant pullback, with popular Solana meme coin DogWifHat (WIF) losing 17% of its value in the last 24 hours. This decline was part of a broader market correction that saw market leaders Bitcoin and Ethereum also losing around 5% of their value. Bitcoin is currently trading at $66,313, which is
Singapore has taken a proactive approach to enhancing its regulatory framework within the cryptocurrency industry. The Monetary Authority of Singapore (MAS) recently amended its Payments Service Act (PSA) to expand its jurisdiction and bolster user protection. These changes demonstrate Singapore’s commitment to becoming a cryptocurrency-friendly hub while prioritizing investor safeguarding. With the incorporation of three
Recent on-chain data reveals that Tether, the world’s largest stablecoin issuer, has added a substantial amount of Bitcoin to its holdings. The purchase of 8,888 Bitcoin on March 31 has raised Tether’s total BTC holdings to almost 75,400. This move has positioned Tether as one of the biggest Bitcoin holders in the market, surpassing even
In a strategic move to expand its global presence, Crypto.com has announced the launch of its app in South Korea on April 29. This launch comes after receiving regulatory approvals, allowing retail customers in South Korea to access a wide range of features on the platform. With the debut of the app in South Korea,
Coinbase CFO Alesia Haas’s assertion that Ethereum is not a security brings attention to the ongoing regulatory uncertainty surrounding cryptocurrencies in the United States. The lack of a clear and comprehensive regulatory framework at the federal level has led to confusion and inconsistency in how different agencies view digital assets such as Ethereum. Haas advocates
The focus in the cryptocurrency market has primarily been on Bitcoin, especially with the upcoming Bitcoin Halving. Market analysts are predicting further upside moves for the flagship crypto token. However, crypto analyst Jason Pizzino has recently presented a compelling case for altcoins like Ethereum (ETH) and Solana (SOL) and why investors should pay attention to