Binance, the largest centralized crypto exchange, recently announced the launch of leverage trading support for three AI-powered digital assets: GRIFFAIN, A16Z, and ZEREBRO. These tokens, already listed on Binance Alpha—a feature designed for researching and trading early-stage crypto projects—will now be available for margin trading with up to 75x leverage. The launching was announced on…
The cryptocurrency market faced a challenging day on December 30, with XRP taking the hardest hit, plummeting over 5%. This drop came amid a strengthening U.S. dollar, which weighed on global currencies and dollar-denominated assets like Bitcoin and gold. Other prominent cryptocurrencies, including Dogecoin (DOGE), Solana (SOL), Ether (ETH), and Binance Coin (BNB), also experienced…
In a significant step toward enhancing access to cryptocurrency trading in Asia, OSL Digital Securities, Hong Kong’s regulated crypto broker, has expanded its over-the-counter (OTC) offerings to include Toncoin (TON), the native token of The Open Network (TON). This move, announced in a press release on December 13, aims to meet the rising demand for…
Ukraine is making significant moves toward legalizing cryptocurrency, with a groundbreaking bill expected to be finalized by early 2025. This was made known by Danylo Hetmantsev, the head of the Ukrainian Parliament’s Committee on Finance, Tax, and Customs Policy, confirming the progress in an interview with Pravda. Hetmantsev revealed that the draft law is nearly…
In a significant development for the cryptocurrency industry, Tether has announced that the Financial Services Regulatory Authority (FSRA) of Abu Dhabi has approved its U.S. dollar-pegged stablecoin, USDT, as an accepted virtual asset. This approval positions Tether within the regulatory framework of the Abu Dhabi Global Market (ADGM), a renowned financial-free zone in the United…
XRP faces a significant downturn of a sharp 12% drop in market capitalization which brought its total value to $127 billion within a single day of trading, a stark contrast to its earlier performance this year. It was earlier reported that the Ripple Lab developed cryptocurrencies, XRP was placed among top three cryptocurrencies globally alongside…
Bitcoin has reached a historic milestone, shattering previous records by hitting the coveted $100,000 mark for the first time in its history. The world’s largest cryptocurrency by market capitalization surged 5% in just one day of trading, marking a significant moment that has sent waves of optimism across the financial markets. This historic milestone achievement…
Pump.fun, a meme coin launchpad that has quickly become a central hub for meme coin enthusiasts, has shattered records by achieving its highest monthly revenue to date. According to data from DeFi Llama, the platform recorded an impressive $82.78 million in revenue for November, a staggering 207% increase from October’s $30.5 million. This remarkable growth…
Kraken, one of the leading cryptocurrency exchanges, has officially announced the shutdown of its NFT marketplace, signaling a shift in its business strategy. The platform, which launched in beta in November 2022, will transition into “withdrawal-only” mode starting November 27, 2024, and will fully cease operations by February 27, 2025. This decision marks a pivotal…
In a groundbreaking move, Brazilian lawmakers in the Chamber of Deputies have introduced a proposal that could see 5% of the nation’s $370 billion treasury allocated to a Bitcoin strategic reserve. If passed, this bill would establish Brazil as one of the latest nations to embrace Bitcoin as part of its economic strategy, potentially investing…
