BlackRock, a prominent asset management firm, recently announced that it has selected Coinbase as the key infrastructure provider for its tokenized investment fund, BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This fund aims to offer a stable value of $1 per token and provides daily accrued dividends directly to investors’ wallets. The partnership between BlackRock
Bitcoin recently experienced a stunning retrace, dropping from the $73,000 mark to $61,000. However, as Wednesday came to a close, the cryptocurrency made a notable recovery, jumping back up to $67,000. This sudden shift in price has sparked hope within the cryptocurrency community that a bullish movement may be on the horizon. Throughout the month
Cardano (ADA), currently ranked as the 9th largest cryptocurrency by market capitalization, has been experiencing a downward trend amidst the prevailing bearish sentiment in the crypto market. Bitcoin (BTC), the dominant player in the market, has been leading the way in price corrections for top cryptocurrencies. Despite ADA’s recent retracement of nearly 20% in the
The recent sale of CryptoPunk #7804, an Alien Punk, for a staggering $16.4 million has made waves in both the digital art and cryptocurrency communities. This monumental transaction not only captured the attention of enthusiasts and investors but also set a new benchmark for the value of digital collectibles. The sale highlighted the extraordinary worth
The Commodities and Futures Trading Commission (CFTC) has recently given the green light to Coinbase Derivatives Exchange for listing futures contracts linked to Dogecoin (DOGE), Bitcoin Cash (BCH), and Litecoin (LTC). These new listings are set to go live on or after April 1, 2024. It is worth noting that all three contracts were officially
The recent breach of Trezor’s official Twitter account has sent shockwaves through the cryptocurrency community. This incident, likely orchestrated through a SIM swap attack, resulted in a flood of fraudulent messages promoting fake token sales and wallet scams. The compromised account posted about a fictitious “$TRZR” token presale on the Solana network, leading unsuspecting users
Recently, XRP saw a significant spike in price on a cryptocurrency platform, ultimately reaching an all-time high of $74. However, this spike was short-lived and was later revealed to be a glitch on the Atlantis Exchange. This glitch occurred shortly after the platform introduced trading services with XRP, leading to false hope among investors. It
The ongoing legal dispute between Ripple and the United States Securities and Exchange Commission (SEC) is reaching a pivotal moment as the trial date has been scheduled for April 23. This lawsuit dates back to December 2020 when the regulator accused Ripple of conducting an unregistered securities offering by selling XRP tokens worth over $1.3
Bitcoin, the flagship cryptocurrency, has exhibited strong bullish fundamentals despite its recent price decline. On-chain analysis from CryptoQuant has revealed a significant drop in the supply of Bitcoin on exchanges over the past four years, signaling a reduction in selling pressure. This trend, coupled with increasing demand for Bitcoin, suggests a bullish sentiment within the
Bitcoin has recently experienced a significant decline, dropping from its high of over $73,600 to under $60,800. This -17% loss in value has sparked a wave of discussions among crypto experts on social media platforms like X, with users dissecting the potential reasons behind this downturn and pondering the future of the leading cryptocurrency. Respected