The recent report released by the Polkadot Treasury for the first half of 2024 has sparked concerns surrounding an imminent funding crisis within the ecosystem. The report sheds light on the complexity of managing the Treasury’s assets, spread across multiple chains, effectively. DeFi Ignas, a decentralized finance researcher, has delved into the report, emphasizing the
The Bahamas is facing a significant challenge in increasing adoption rates of its central bank digital currency (CBDC), the “Sand Dollar.” Despite the currency being launched in 2020, the uptake has been slow, with the CBDC accounting for less than 1% of the country’s currency in circulation. This low adoption has prompted the Central Bank
Recently, Silvergate Capital found itself in hot water, settling with the SEC for a hefty $50 million. This settlement came as Federal Reserve governors and California financial regulators demanded an additional $63 million in fines on the company on July 1. The SEC alleged that Silvergate Capital, along with its subsidiary Silvergate Bank, and two
It has been confirmed by VanEck Head of Digital Assets Research, Matthew Sigel, that the company’s Solana spot ETF proposal is actually a bet on Donald Trump winning the US presidency. The application deadline for VanEck is in March 2025, putting it well past the US Presidential elections in November. This raises questions about the
Circle, a prominent player in the cryptocurrency industry, recently made headlines by securing an e-money license from France. This move positions Circle as the first global stablecoin issuer to adhere to the EU’s Markets in Crypto-Assets (MiCA) regulations. By obtaining this license from France’s financial regulatory body, the Autorité de Contrôle Prudentiel et de Résolution
Sony Group, a prominent conglomerate based in Japan, recently announced its plans to venture into the cryptocurrency exchange market through the acquisition of Amber Japan. The acquisition will make Sony the new owner of Amber Japan’s WhaleFin exchange, which will be rebranded as S.BLOX Co. Sony aims to enhance the user experience by redesigning the
Bitcoin (BTC) is currently facing a crucial juncture as it nears the resistance level of $64,515. Market analysts and traders are closely watching this level, anticipating a significant price movement that could potentially shape the future trajectory of the cryptocurrency. The price of Bitcoin has been on an upward trend, with increasing momentum and investor
Bitcoin, once known for its 24/7 accessibility and weekend trading volatility, is experiencing a significant shift in trading patterns. According to a recent report by Kaiko, weekend trading volumes for BTC have plummeted to historic lows, dropping from 28% in 2019 to a mere 16% in 2024. This decline is attributed to the rise of
Aayush Jindal, a prominent figure in the financial markets, has amassed over 15 years of experience in Forex and cryptocurrency trading. His reputation as a skilled technical analyst and market expert has earned him the trust of investors globally. Aayush’s ability to provide insightful guidance and astute chart analysis has made him a go-to advisor
Aayush Jindal is a prominent figure in the financial markets, with a career spanning over 15 years in the fields of Forex and cryptocurrency trading. From a young age, Aayush displayed a remarkable ability to decipher complex systems and identify patterns, paving the way for his future success in the world of finance. His insatiable