Crypto news

JPMorgan has processed more than $1 billion in daily transactions via its digital asset, JPM Coin, solidifying its position as one of the most extensive uses of blockchain technology by a traditional financial institution. The bank has ambitious plans to expand its utilization further, according to Takis Georgakopoulos, the Global Head of Payments, who also said that a similar asset designed for retail investors will be the next stop. “JPM Coin gets transacted on a daily...

As an emerging solution, Horizen has highlighted that EON is open to partnerships and integration but only with firms and protocols that resonate with its core values. Fast-growing Layer-0 public blockchain Horizen has hit a major milestone with the mainnet launch of Horizen Ethereum Open Network (EON). Notably, Horizen EON is a smart contracting sidechain platform fully compatible with Ethereum Virtual Machine (EVM). It is designed to play a crucial role in the revolution of We b3.0 and...

UNI’s price has seen a substantial upswing in recent days. Alongside this upward momentum, a massive sale of the tokens from an address has sparked fears of yet another potential downturn. The move was unexpected, but UNI’s price has remained largely unfazed by the massive token movement, at least for now. According to on-chain expert Lookonchain’s tweet, the Uniswap Foundation – which is the team behind the development and expansion of the Uniswap protocol – transferred 6.8M...

TL;DR Shiba Inu’s layer-2 solution, Shibarium, witnessed a 400% increase in daily transactions, reaching over 62,000 on October 25. Since its launch in August, Shibarium has seen over 1.3 million blocks and is nearing 4 million overall transactions. This growth in Shibarium is seen as a potential driver for SHIB’s price, which has recently risen by about 10% daily and 20% weekly, possibly also influenced by the broader bullish cryptocurrency market trends. What’s New With...

The price of HayCoin (HAY), the first-ever token floated on the decentralized exchange Uniswap, witnessed a remarkable surge, reaching a peak of $5.5 million per token on Thursday. This massive price increase followed token burning by long-term holders, indicating a notable development in the market. HAY Token Surges to $5.5 Million On Oct. 26, HAY witnessed a surge in its token price, reaching $5.5 million. This notable increase occurred shortly after a long-term holder,...

Despite the recent setbacks, Standard Chartered had been on an upward trajectory before the China-related issues came to the forefront. Shares of UK-based banking giant Standard Chartered Plc (LON: STAN) plummeted by as much as 17% during early trading, leading to a temporary halt in trade, and by 11:15 a.m. London time, the stock remained approximately 10% lower. At the time of writing, the stock is pegged at GBX 643.60. The turmoil in the markets reflected the concerns of investors, who...

The collaboration with Uphold comes shortly after Ripple celebrated a recent triumph in its ongoing legal battle with the US SEC.  Blockchain payment infrastructure company Ripple has secured a new partnership with Uphold, a US-based crypto-focused financial firm known for providing innovative solutions to streamline business offerings. The new partnership, announced on October 24, will enable Uphold to provide enhanced crypto liquidity capabilities to Ripple, fostering faster and more...

Mercedes-Benz cited higher inflation, supply chain-related costs, and a 329-million-euro foreign exchange setback, among the factors that shrank its Q3 2023 earnings. Luxury car maker Mercedes-Benz Group AG (ETR: MBG) has revealed that its earnings took a hit in the third quarter (Q3). According to a Thursday announcement by the firm, this reflects the current state of the market, which it described as “subdued”. Although its forecast for the full year is 12%-14%, the latest report means...

As FTX disgraced founder Sam Bankman-Fried steps to defend himself in the court on Thursday, here’s what has transpired ever since the FTX bankruptcy. Sam Bankman-Fried will testify in defense of his actions leading up to the collapse of FTX and his entire digital asset empire. His legal team confirmed during a conference call with the judge on Wednesday that Bankman-Fried will take the stand at his fraud trial following the prosecution’s case. The 31-year-old FTX founder shall testify...

As blockchain technology continues to mature, Deutsche Bank and Standard Chartered’s initiative offers a promising vision of the financial world’s future. German banking giant Deutsche Bank (ETR: DBK) and Standard Chartered’s SC Ventures have begun testing the UDPN, a system that promises to ensure seamless communication and interoperability between various digital assets, stablecoins, and Central Bank Digital Currencies (CBDCs). Deutsche Bank and Standard Chartered Now Testing the Waters...