The recent outflows in digital asset investment products amounting to $305 million have been attributed to the release of stronger-than-expected economic data from the United States. This unexpected data has significantly reduced the likelihood of a 50-basis point interest rate cut, leading to a downturn in sentiment within the market. It is forecasted that as
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OKX SG, a cryptocurrency exchange based in Singapore, has recently obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license allows the exchange to operate without daily or monthly transaction limits, making it a highly sought-after accreditation in the country’s financial sector. The MPI license granted to OKX SG
The latest price actions of Bitcoin have not been favorable, with the asset dropping to a 2-week low of $57,100. This decline marks a significant setback for the cryptocurrency, especially after reaching a multi-week peak of over $65,100 just a week ago. The failure to sustain this positive momentum has led to a gradual loss
Yuga Labs, the company behind the Bored Ape Yacht Club, has announced a new initiative that could potentially drive further innovation within the company. The Workshop, a newly established division, is set to focus on creating emerging products under the leadership of CEO Greg Solano. This strategic move signifies a shift towards a more focused
In a groundbreaking move, a London resident named Habibur Rahman has made history by becoming the first person in the UK to face charges for operating a Bitcoin ATM without proper registration. This unprecedented incident took place after a raid by Kent Police at a gadget shop in Chatham on April 28, 2023. The outlet
Cardano recently completed its much-anticipated Chang upgrade, transitioning to a decentralized governance system that gives ADA holders the opportunity to influence the network’s future direction. This significant upgrade, named after Chinese mathematician Ch’ang Shou, brings several key changes to Cardano’s ecosystem. One of the most notable changes is the introduction of on-chain voting, allowing ADA
The payments industry has experienced exponential growth over the past few decades, becoming one of the largest and most rapidly expanding sectors globally. However, a significant issue continues to plague the industry – relying on outdated technology rails that are over 50 years old. As time progresses, these legacy systems become increasingly inefficient, hindering the
Recently, Peter Diamandis, the founder of X Prize and Singularity University, posed a thought-provoking question to his extensive following on social media regarding the future of Bitcoin. He asked whether Bitcoin would ever need a bailout, sparking a diverse range of responses from his audience. One responder highlighted the fact that Bitcoin has consistently delivered
Semilore Faleti is a seasoned cryptocurrency writer who has made a name for himself in the field of journalism and content creation. With a strong foundation in writing on various subjects, Semilore quickly discovered his passion for unraveling the complexities and intricacies of the fascinating world of blockchains and cryptocurrency. His fascination lies in the
Embracing the captivating world of cryptocurrency, I have ventured into the depths of blockchain technology with unwavering enthusiasm. Despite not initially choosing the digital asset industry, I have found myself completely engrossed in its intricacies for over two years now. Delving into the realm of cryptocurrencies, I take pride in crafting unique pieces that demystify
