Crypto news

Despite unfavorable economic conditions and the persistent bear market, institutional cryptocurrency adoption has been on the rise. Investors have remained resilient and expressed optimism and strong sentiment about crypto’s role in the future of financial settlements. A recent survey conducted by leading U.S. crypto exchange Coinbase found that 64% of institutional investors currently investing in crypto intend to increase their allocations for digital assets in the next...

TL;DR Binance Delists Russian Pairs: Binance will remove 15 Russian ruble trading pairs, including ADA/RUB, SOL/RUB, and XRP/RUB, due to security concerns and low liquidity, aligning with their strategy to exit the Russian market. Strategic Shift: The exchange’s move reflects a compliance-focused strategy, as stated by Chief Compliance Officer Noah Perlman, emphasizing a shift away from Russian operations to focus on other global markets. Cryptocurrency Price Impact: The...

TL;DR XRP’s Price Fluctuation: Ripple’s XRP has seen price fluctuations between $0.61 and $0.70, leading to various expert predictions. Analysts’ Predictions for XRP: Analyst Dark Defender predicts a more than 30% increase in XRP’s price to reach $0.87 by the end of the week, while EGRAG CRYPTO suggests a potential rise to $1.40 by the end of 2023, contingent on overcoming major resistance levels. “God Candle” Forecast: Analyst Tony “The Bull” speculates that XRP might form a...

OpenAI dismissed CEO Sam Altman due to transparency issues. Worldcoin (WLD) faces a 10% drop as Altman’s dismissal shakes the crypto market. The board of directors at OpenAI announced today the dismissal of its CEO, Sam Altman, citing a lack of transparency in his communications with the board. According to the statement published on the OpenAI blog, the board conducted a careful and reflective review process, concluding that Altman was not consistently truthful in his statements,...

Leading U.S. crypto exchange Coinbase has launched a new protocol for on-chain payments. The new open-source Onchain Payment Protocol is an update to Coinbase’s Commerce product. According to a blog post, the new protocol will simplify and standardize on-chain payments for currencies available on Base, Polygon, and other Ethereum Virtual Machine networks, offering volatility-free payments and low transaction fees. Coinbase’s New Protocol for On-Chain Payments Coinbase...

Digital asset manager CoinShares announced securing an exclusive option to acquire Valkyrie Funds – the exchange-traded fund (ETF) division of Valkyrie Investments. The strategic acquisition option represents the next phase of CoinShares’ penetration into the US market, following the launch of CoinShares Hedge Fund Solutions in September this year. The option for CoinShares to acquire Valkyrie Funds is currently active and will be in force until March 31, 2024. However, the...

Mastercard’s blockchain and digital assets lead for Asia-Pacific, Ashok Venkateswaran, has expressed skepticism about the wide adoption of central bank digital currencies (CBDCs). This comes as countries globally explore CBDCs, with only 11 having adopted them, 53 in advanced planning stages, and 46 researching the topic as of June, according to data from the Atlantic Council. Mastercard Highlights Challenges in CBDC Adoption During the Singapore FinTech Festival, Ashok...

The MAS will collaborate with local banks during the pilot, allowing them to issue tokenized bank liabilities on blockchain technology, streamlining the clearing and settlement processes. Singapore is gearing up for a groundbreaking move into the era of Central Bank Digital Currencies (CBDCs), with plans to pilot the live issuance and use of wholesale CBDCs in 2024. As reported by CNBC, Ravi Menon, the Managing Director of the Monetary Authority of Singapore (MAS), announced the plans at...

14 Ukrainian officials underwent specialized training in the investigation of modern financial crimes during a course held in Vienna, Austria, from November 14 to 17. The Organization for Security and Co-operation in Europe (OSEC) reported that a group of supervisory and law enforcement officials from Ukraine was exposed to advanced methods and tools essential for probing financial crimes involving virtual assets. OSEC, consisting of 57 participating countries spanning...

[PRESS RELEASE – Tulum, Mexico, November 17th, 2023] CKB, the blockchain of the Nervos Network, is set to mark a significant milestone with its first halving on November 19th. This event will cut CKB’s hard-capped base issuance rate in half, bringing real inflation down from 7.92% to 3.77%, among the lowest across major Layer 1 blockchains. In nominal terms, the base issuance will drop from 4.2 billion to 2.1 billion CKB per year, whereas the secondary issuance, which is...