Chainlink’s LINK token at 17-month high – what’s driving the surge?
The price of Chainlink’s LINK token has reached a 17-month high, with indications of investors cashing in on the massive surge. On Monday, LINK’s price rallied about 9% in the past 24 hours, hitting $11 after trading sideways within roughly $5 and $9 range since May 2022. Despite giving up some of its gains, the […]
Mastercard’s revolutionary tokenization solution for CBDC across Blockchains
Mastercard has announced an innovative solution enabling the tokenization of Central Bank Digital Currencies (CBDCs) across various blockchains. The company made the announcement on Tuesday, October 12. The novel technology enhances security, allowing consumers to participate in commerce across multiple blockchains. This development was part of the Reserve Bank of Australia (RBA) and the Digital […]
JPMorgan rolls out blockchain settlement system for Blackrock and Barclays
In a significant development, JPMorgan Chase & Co. (NYSE: JPM) has launched its inaugural blockchain collateral settlement system. The new system was unveiled via the Tokenized Collateral Network (TCN), which was employed by BlackRock to tokenize shares in one of its money market funds. Subsequently, these tokens were transferred to Barclays Plc for use as […]
Hamas acquires $41 Million in cryptocurrency before attack n Israel
Recent investigations reveal that Hamas, along with other militant groups, obtained millions in cryptocurrency funding ahead of their attack on Israel. Blockchain analytics and Israeli government seizure orders suggest that groups like Palestinian Islamic Jihad (PIJ) and Hezbollah amassed significant crypto funding. The Wall Street Journal found that from August 2021 to June 2023, PIJ-associated […]
Shibarium achieving milestones with 3 million transactions on Shiba Inu’s layer-2 Blockchain
Shibarium, the Layer-2 blockchain for Shiba Inu, is achieving significant milestones with nearly 3 million transactions on its mainnet. With a daily transaction rate of close to 200,000, Shibarium boasts a smooth operation and a 5-second average block production time, even in the face of high demand. The blockchain currently has over 1.2 million active […]
90% of crypto market’s liquidity controlled by just 8 players
A recent report has highlighted that approximately 90% of the cryptocurrency market’s liquidity is controlled by just eight centralized exchanges (CEX). These exchanges include Binance, Coinbase, Kraken, OKX, KuCoin, Bybit, Binance.US, and Bitfinex. This concentration of liquidity among a few entities raises concerns about the decentralization of the industry. The dominance of these exchanges becomes […]
Binance.US CEO’s departure ignites controversy: what lies ahead for the exchange?
Brian Shroder, the CEO of Binance.US, has reportedly left the cryptocurrency exchange, accompanied by the elimination of approximately 100 jobs. This downsizing, which accounts for about one-third of the workforce, is believed to be a response to increased regulatory scrutiny from the United States Securities and Exchange Commission (SEC). For the time being, Chief Legal […]
Is Binance in trouble? Adam Cochran’s raises alarm about blow up
According to Adam Cochran, there are concerns surrounding Binance and the potential consequences of an alleged blowup. Although the tip has yet to be fully verified, if true, it could lead to a longer and more painful situation than originally anticipated. Cochran has shared this information with journalists to seek confirmation. Consequently, he has replaced […]
Ethereum addresses in Profit Plummet to 53.5% – Glassnode
The percentage of Ethereum addresses currently in profit has fallen to approximately 53.5%, according to blockchain intelligence platform Glassnode. This drop is attributed to the recent decline in Ether’s market performance, with its price sliding around 13% in the past month. Glassnode’s data suggests that the last time Ethereum addresses in profit dipped below 54% […]
Is Ethereum Heading for a Disaster? Benjamin Cowen Sounds the Alarm
Crypto analyst Benjamin Cowen has warned of a potential massive crash for Ethereum (ETH), the leading smart contract platform. In a recent strategy session, Cowen informed his substantial YouTube following of a possible freefall to the $400-$800 range for the second-largest cryptocurrency by market cap. He suggests there is a chance of a lower low, […]