The cryptocurrency Cardano (ADA) faces the possibility of a substantial price decrease based on some indicators tracked on its blockchain. This observation aligns with a crypto expert’s recent technical analysis, who forecasted that ADA could dip down to around $0.4. ADA Sees Decline In Trading Volume According to Messari’s on-chain analysis, the ADA token’s trading … Read more
Thai authorities aim to curb online fraud by focusing on peer-to-peer (P2P) transactions. During a gathering of various government bodies, there was a consensus to control the trading of cryptocurrencies and purchasing digital assets through P2P platforms, with the primary objective of shielding the public from potential financial harm. Thailand to Prevent Scammers from Cleaning … Read more
Luno, a London-based crypto exchange, has increased its reach by obtaining a functioning permit in South Africa from the Financial Sector Conduct Authority (FSCA). This authorization enables Luno to improve client support in the area and lawfully offer its goods and services within the local market. Market Entry and Compliance On X, formerly known as … Read more
Bitcoin (BTC) has encountered issues with scaling, causing a need for remedies to enhance its transaction-processing capacity. In response, innovative Layer 2 (L2) technologies have emerged, aiming to alleviate pressure on the fundamental layer and unlock new functionalities for the digital currency. The route to scalability, however, has ignited a contentious argument within the crypto … Read more
Lately, Ethereum (ETH) has experienced considerable price volatility, with noticeable fluctuations occurring within a brief timeframe. Initially, the cryptocurrency dipped by 3.1%, causing its value to drop to $3,411. However, it swiftly recovered and climbed up to $3,591, representing a substantial increase of 5.3%. Large cryptocurrency holders, referred to as “whales,” suddenly caused a price … Read more
Solana-based crypto lending protocol Marginfi is undergoing some major turbulence with its creator Edgar Pavlovsky announcing his departure from the project on Wednesday, April 10, citing some internal disagreements. As a result, the outflows from Marginfi have skyrocketed to more than $214 million from one of the most popular DeFi protocols on Solana. Meanwhile, the … Read more
The expected launch of Ethereum ETFs in the US is encountering delays due to increasing worries among industry experts about obtaining SEC approval. The lack of communication from the SEC has heightened concerns and uncertainty. Jan van Eck, the CEO of investment firm VanEck, has raised concerns about the SEC’s approval of a spot Ethereum … Read more
EMURGO, a major player in the blockchain industry and partner for Cardano, has revealed a strategic alliance with Huawei Cloud, a renowned global cloud computing service. This partnership aims to boost Web3 applications using Cardano. EMURGO announced information about its latest partnership, highlighting its expanding connections to significant technology companies globally. Implications of the EMURGO … Read more
At the Paris Blockchain Week, which started on April 9, 2024, Matthew White, the head of Dubai’s new Virtual Asset Regulatory Authority (VARA), shared intentions to ease regulatory hurdles for smaller crypto businesses operating in the area. During a conversation at a regulatory panel event, White admitted that existing laws for digital assets require modifications … Read more
Voyager Digital is making good progress in its plan to repay creditors following bankruptcy. To boost its financial revival, the company has obtained approximately $484 million through settlements with FTX, Three Arrows Capital (3AC), and Directors and Officers (D&O) Insurance. In a recent court filing to the US Bankruptcy Court for the Southern District of … Read more