Category Archive: Cryptocurrency, No picture
Centralized crypto exchanges see $2 trillion surge in trading volumes in Q1: CoinGecko
Centralized exchanges registered a crypto trading volume of over $4 trillion in the first quarter, according to a report by data aggregator CoinGecko. Binance recovered its market share gradually during Q1 to reach 49.7% in March, when the exchange registered $1.1 trillion in trading volume, marking a 131% increase from the previous month.The report highlights […]
SEC likely to reject Ethereum spot ETF applications, insiders say
Spot Bitcoin exchange-traded funds (ETFs) got the green light, but spot Ethereum ETFs might hit the red light. According to a Reuters report published today, sources familiar with recent talks between ETF issuers and the SEC suggest the agency is likely to reject spot Ethereum ETFs during their final review next month.The SEC’s decisions on […]
Top FSC Democrat says stablecoin bill is imminent
Representative Maxine Waters, the top Democrat on the Financial Services Committee, has expressed optimism about reaching a deal on stablecoin regulation in the near future, following extensive discussions with key stakeholders in Congress and various government agencies.In an interview on Bloomberg Television’s “Balance of Power,” Waters stated that she and Committee Chairman Patrick McHenry, a […]
Morgan Stanley mulls allowing brokers to recommend Bitcoin ETFs
Morgan Stanley is considering allowing its 15,000 brokers to recommend Bitcoin exchange-traded funds (ETFs) to clients, reported AdvisorHub on April 24.The financial institution had initially approved Bitcoin ETF purchases following regulatory approval earlier this year. However, clients had to proactively request these products from advisors.Now, Morgan Stanley is weighing a shift to let brokers actively […]
Fireblocks unveils features to prevent DeFi scams
Fireblocks released its “dApp Protection” and “Transaction Simulation” features to the public, according to an April 24 blog post. These tools are designed to mitigate the risks associated with decentralized applications (dApp), particularly the threat of phishing attacks which have led to over $1.1 billion in lost funds in 2023 alone. The dApp Protection feature […]
Pyth Network boosts Morph DeFi ecosystem with real-time price feeds
Blockchain infrastructure provider Pyth Network announced the implementation of its price feed into Morph testnet. The collaboration introduces over 500 real-time price feeds from Pyth, spanning various asset classes, into Morph’s layer-2 platform. “The partnership between Pyth Network and Morph opens doors for developers to create cutting-edge DeFi applications that leverage reliable data and scalable […]
NFT lending volume surpass $2 billion in Q1 as holders search for liquidity
The lending market based on non-fungible tokens (NFT) as collateral surpassed $2 billion in volume during the first quarter, sustaining growth of 44% compared to Q4 2023, according to a CoinGecko report. “Crypto markets are all about market rotation […] There’s clearly a trend where OG NFT holders are leveraging these [lending] platforms to get […]
NEAR Protocol preps for AI announcements to boost web3
In an interview with Crypto Briefing, Chris Donovan, COO of NEAR Foundation, discussed Near Protocol’s vision for integrating AI into the web3 ecosystem and driving mass adoption, among other topics.AI integration and web3 missionNear Protocol, which began as an AI project before pivoting to blockchain, sees significant potential in the intersection of web3 and AI. […]
Warren Buffett-backed Nubank enables crypto withdrawals for BTC, ETH, SOL
Nubank, Brazil’s premier digital bank backed by Warren Buffett, has allowed customers to withdraw Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) directly from their Nubank Wallet. With this update, users can now send and receive these crypto assets seamlessly via the bank’s app. JUST IN: 🇧🇷 Brazil’s largest digital bank Nubank now allows customers to […]
Strike launches in Europe to offer Bitcoin services
Strike, a Bitcoin-centric payments app, has announced its expansion into the European market, capitalizing on the cryptocurrency’s resurgence and aiming to provide a streamlined experience for users.Founder and CEO Jack Mallers views Europe as Strike’s second-biggest market after the United States. The company’s expansion comes amid Bitcoin’s recent price surge, which has seen the alpha […]
