Dubai is about to introduce a new 17-story crypto hub expected to open in 2027. This would add to various blockchain-linked projects that have cropped up worldwide. According to a Jan. 15 statement, supported by the Dubai Multi Commodities Centre and REIT Development, it will introduce an innovative era in ... Read more
Deribit, one of the largest crypto derivatives exchanges, is evaluating bids and exploring strategic opportunities. Estimated to be worth between $4 billion and $5 billion, the platform has enlisted Financial Technology Partners (FT Partners) to explore full acquisition bids. This move comes as the platform posted exponential growth, doubling its ... Read more
Bitcoin exchange-traded funds (ETFs) moved significantly but in opposite directions on Tuesday, as data from SoSoValue showed total net inflows of $52.4 million for the day. The performance of these investment products was mixed, underlining the changing dynamics in the crypto ETF market. Analyst Nate Geraci noted that Bitcoin ETFs ... Read more
Sol Strategies, a Canadian holding company focused on the Solana blockchain, has secured a CAD 25 million unsecured revolving credit facility. This significant funding will be used for large-scale Solana (SOL) token purchases to enhance the company’s staking operations and acquisitions. As of late 2024, Sol Strategies has staked over ... Read more
Banco de Investimentos Globais (BiG), one of Portugal’s leading banks, has become the talk of the crypto community for freezing fiat transfers to crypto platforms. A notification revealed by Delphi Labs co-founder José Maria Macedo unleashed heated discussions of regulatory compliance and the future of banking. Macedo didn’t hold back ... Read more
XRP holders have expressed concern about the recent consolidation in price, but technical analysts believe a bullish pattern is forming. This optimism is fueled by key developments, including regulatory clarity and XRPL tech upgrades. On the price front, the token appears to be creating a symmetrical triangle on the chart, ... Read more
In a significant development, BlackRock and Fidelity purchased over $500 million worth of Ethereum (ETH) within two days. Arkham Intelligence’s post on Dec. 12 said these acquisitions were conducted through Coinbase Prime, highlighting institutional confidence in ETH. The move reflects their strategic expansion into the cryptocurrency sector. BlackRock and Fidelity ... Read more
The cryptocurrency market faced turbulence recently, with Tezos (XTZ) experiencing a sharp decline in its value, largely influenced by Bitcoin’s downturn. After hitting a recent high of $1.59, marking an impressive 81% gain over 30 days, XTZ’s momentum was halted by broader market challenges. However, recovery signs suggest XTZ may ... Read more
A long-dormant Ethereum whale became active and began liquidating its holdings, raising eyebrows among market watchers. This holder, identified by a blockchain analytics firm, Lookonchain, amassed a significant fortune in 2016. Data showed that this whale accumulated a whopping 398,889 ETH at an average price of approximately $6 per ETH. ... Read more
North America will remain the leading region of the global cryptocurrency market, with $1.3 trillion on-chain value expected to be processed within the period from July 2023 to June 2024. According to a recent report, this makes up to about 22.5% of global crypto activity. Source: Image by Chainalysis The ... Read more
