The Hong Kong Monetary Authority (HKMA) has taken a proactive step towards fostering interoperability within the central bank digital currency (wCBDC) ecosystem through the establishment of the Ensemble Project Framework Working Group. This initiative, announced on May 7th, aims to collaborate with industry stakeholders to define standards and recommendations vital for the advancement of Hong […]

In a pivotal turn of events, the fate of the Security and Exchange Commission’s Staff Accounting Bill (SAB) 121 hangs in the balance. Currently, the House of Representatives is gearing up for a decisive vote on May 9, 2024. The proposed repeal, led by Representative Mike Flood, is poised to shake the foundation of digital […]

XRP has been known for its frozen or constant slow performance, as the token has failed to move much from its average value of $0.5. It has been stuck around that average value for months with a few above-average peaks. However, those peaks never lasted long. The last time XRP price surged significantly above the […]

In the ongoing legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), significant progress has been made with the recent actions taken by the regulatory agency. The SEC has advanced the case by submitting its final reply in the remedies phase of the lawsuit, marking a notable development in the legal […]

In the volatile cryptocurrency world, where prices swing like a pendulum, understanding the underlying trends becomes paramount for investors and enthusiasts alike. Bitcoin (BTC) has seen its better and worst days; from hitting above $70,000 mark to record 119% rise in value, to dropping under $60,000, within two months. Amid fluctuations in its price, there […]

While Ethereum (ETH) remains a central player, it faces mounting challenges in its quest for widespread adoption. Moreover, a recent report by 10x Research suggests that Ethereum is the “basket case” in this bull run. This has raised concerns about the ETH price’s future trajectory as it lost hold on a crucial level lately. Will […]

In a shockwave curating development witnessed today, May 7, Dogecoin whales have once again nabbed significant attention, shifting nearly 767 million coins amid DOGE’s price slip. Coming in tandem with Robinhood’s receiving of a Wells notice by the U.S. SEC (Securities and Exchange Commission), the massive amounts of DOGE tokens shuffled from the crypto exchange […]

The fourth Bitcoin halving event has significantly cut down miners’ rewards by 50%. However, the surge in the dApp activity on the Bitcoin blockchain has provided miners enough relief in terms of revenue contribution. Bitcoin Miners See Boost In Revenue Streams Ki Young Ju, CEO of CryptoQuant, highlighted a significant shift in miners’ income streams […]

In an unprecedented turn of events, against the backdrop of a meme coin market slump witnessed today, Pepe coin took a bearish stage with a considerable pullback in its price. Slipping nearly 5% in the past 24 hours, the frog-themed meme coin has stirred speculations among investors over a ‘topping out’ sentiment for its price […]

The top crypto prices today witnessed substantial declines as the Bitcoin (BTC) price extended below the $64,000 level. Furthermore, the Ethereum (ETH) price dipped below the $3,100 mark amid the bearish turn. In contrast, other top altcoins, such as Solana (SOL) and XRP gained significantly while Cardano (ADA) recorded a slump. Major Crypto Prices Today […]