Avalanche (AVAX) has experienced a significant price increase, surpassing a crucial barrier in recent trading sessions. In the past 24 hours, AVAX saw a 6% rise, while its weekly chart shows a notable appreciation of over 17%. However, the technical outlook for Avalanche suggests mixed signals with a slight inclination toward bearish momentum in the […]
Blackrock ETF Filing Sparks Market Optimism, But Will SEC Derail The Rally?
The post Blackrock ETF Filing Sparks Market Optimism, But Will SEC Derail The Rally? appeared first on Coinpedia Fintech News The crypto market has been riding high on a wave of optimism following Blackrock’s Bitcoin Spot ETF filing. Daan (@DaanCrypto), a well-known analyst, has offered some insightful speculation on the potential market implications of this […]
Struggling South Korean Crypto Yield Platform Dismisses Over 100 Employees (Report)
Haru Invest – a South Korean platform that provides various options to invest in cryptocurrencies – will reportedly lay off more than 100 members of its workforce. The layoffs will become official on June 23. The decision comes several days after the company suspended deposits and withdrawals due to an issue with one of its […]
The Bitcoin ‘Institutional Wave’: Opportunity or Trap? Insights Amidst SEC Lawsuits
The post The Bitcoin ‘Institutional Wave’: Opportunity or Trap? Insights Amidst SEC Lawsuits appeared first on Coinpedia Fintech News In an exciting turn of events, today the price of Bitcoin has soared to an impressive $30,780 following the recent filings for a Bitcoin exchange-traded fund (ETF) by two renowned financial powerhouses BlackRock and Fidelity Investment. […]
BitGo Discontinues Acquisition of Prime Trust
The popular cryptocurrency custodian BitGo will not be acquiring Prime Trust, according to the latest company announcement. BitGo took it to Twitter to reveal that it will discontinue the acquisition of Prime Trust. After considerable effort and work to find a path forward with Prime Trust, BitGo has made the hard decision to terminate the […]
Unlocking the Power of Tron: How This Innovative Blockchain Platform Can Transform Your Business
More than 45 percent of the Tron (TRX) coins in circulating supply have been staked by the community earning 5.67 percent in Annual Percentage Yield (APY) passively. Tron network offers fast processing speeds that are secure and affordable to all crypto users. The Tron (TRX) network, a fast-growing smart contract blockchain with more than $5.7 […]
Algorand Cuts Block Time After New Upgrade
Algorand upgraded its protocol on Thursday to reduce block time, make application development on the network faster, and more cost-efficient. The proof-of-stake blockchain’s upgrade will reduce block time to 3.3 seconds from 3.8 seconds, which is the “largest reduction of block time on a percentage basis,” Algorand Chief Product Officer Paul Riegle told CoinDesk. The […]
Crypto Friendly Xapo Bank Expands to India, Rest of South Asia
Gibraltar-based crypto friendly private bank Xapo is to expand across India and the rest of South Asia in a sign of considerable expansion for the provision of cryptocurrency services in the region. Xapo is to begin accepting members across South Asia, offering services such as its USD offshore savings account offering 4.1% interest and a […]
First Mover Americas: BTC Crosses $30K and Bitcoin Layer 2 Stacks Networks Gains 15%
This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Latest Prices Top Stories Bitcoin extended its rally on Thursday after surpassing the $30,000 mark for the second time this year the day before. Bitcoin rose almost […]
Digital Pound Should Be Interoperable with Crypto, U.K. Lobbyists Say
Lobby groups and crypto companies in the U.K. are generally welcoming of the government’s plans for a digital pound, but some of them believe the currency should be interoperable with crypto in order to be suitable for the future. The U.K. opened its plans for a digital pound for public comment in February, just as […]