Gold Price Prediction: During Asian trading hours on Monday, the Gold price hit a new all-time high of $2,265 per troy ounce. However, the yellow metal witnessed a sudden pressure in the US session, following the release of the upbeat US Manufacturing PMI data. The selling pressure evidenced by a long-wick rejection candle, the XAU/USD […]
XRP Ledger (XRPL) Surpasses 87M Ledger Milestone
The XRP Ledger (XRPL) has now completed more than 87 million ledgers. This achievement showcases the ledger’s strong existence and its growing dominance in the blockchain world. The term ledgers in this context mean the unchangeable records of transactions and account balances kept by a distributed network of nodes on the XRPL. XRP Ledger Surpasses […]
XRP Ledger (XRPL) AMM Amendment Suffers Major Setback
The newly introduced Automated Market Marker (AMM) proposed amendment on the XRP Ledger has suffered a serious setback as most of its supporters have pulled back their votes. fixAMMOverfloOffer Amendment Gets Reversed No Votes According to data from XRP Ledger explorer XRPScan, the fixAMMOverflowOffer amendment proposal which has been up for votes for almost one […]
Grayscale Solana Trust Hits Record Premium Amid Bull Run
The value of the Grayscale Solana Trust (GSOL) has exploded, signaling a rise in the bullish mood of institutional investors towards Solana (SOL). Nic Puckrin, CEO and co-founder of The Coin Bureau, especially highlighted this trend. He pointed out the premium at which GSOL shares trade with respect to the spot price of SOL. Based […]
El Salvador, Switzerland, and Nigeria Top Bitcoin Interests Post-Easter
Bitcoin enthusiasts remain in delight following renewed institutional investment in the cryptocurrency market. The bullish action has led to an upward price action in the market leader and an increasing adoption in several jurisdictions. According to Google data, interest in Bitcoin post-Easter slightly surged before plummeting to levels last week. Among the leading countries for […]
Japan Bank Launches First Deposit-Backed Stablecoin ‘Tochika’
Japanese regional bank Hokkoku has made waves by becoming the first in Japan to introduce a stablecoin backed by bank deposits. The development has left Japanese crypto enthusiasts wondering about the potential pros and cons. In addition, the utility of the stablecoin is being questioned about. Japan Bank Launches Tochika Stablecoin The initiative is taken […]
Tether Undergoes New SOC 2 Type 1 Audit, Here’s The Implication
Stablecoin issuer Tether Holdings Inc. kickstarts the second quarter of 2024 on a high note after completing its System Organization Control (SOC) 2 Type 1 audit. What The Tether Audit Means? In a published report, Tether announced the crucial security update which marks the beginning of a milestone for the cryptocurrency-based company. By this achievement, […]
China Taps on Conflux to Launch Blockchain Project for Belt and Road Initiative
The Chinese authority has tapped on Conflux Network to build a Blockchain project for the “Belt and Road Initiative”. The project announcement comes at a time when China’s blockchain is advancing at a fast pace to be a leader in the global setup. However, the Chinese government still forbids institutions from handling cryptocurrencies. Conflux with […]
Ethereum Co-Founder Unveils Protocol Simplification Strategy “The Purge”
The Ethereum ecosystem is currently undergoing a profound transformation with the introduction of a groundbreaking protocol simplification strategy coined as the “Purge” plan. This initiative, championed by none other than Ethereum co-founder Vitalik Buterin, seeks to revolutionize the Ethereum protocol by streamlining its intricate framework and alleviating the strain on node resources. The crux of […]
Bitcoin ETF Recovery Boosts Digital Asset Inflow To $862M
The digital asset investment landscape experienced a resurgence as Bitcoin Exchange-Traded Funds (ETFs) rallied last week, bolstering confidence among the crypto market enthusiasts. Notably, according to James Butterfill, CoinShares’ Head of Research, the recent surge in Bitcoin ETFs has propelled a significant inflow into the digital asset segment, reaching a notable milestone of $862 million […]