Crypto news

The move appears to be a part of a wider push to offer digital assets to institutional clients. The tokens represent a claim against the bank and are processed on a private blockchain owned and managed by Citigroup. Clients can access the service through existing bank systems, according to reports on Sept. 18. Global head of the Citi’s services division, Shahmir Khaliq, said: “The development of Citi Token Services is part of our journey to deliver real-time, always-on, next...

Despite false testimony from a prosecution witness linked to the “Cryptoqueen” fugitive Ruja Ignatova, the lawyer who funneled $400 million from the OneCoin cryptocurrency fraud, Mark Scott, will not receive a new trial. US District Judge Edgardo Ramos, in a ruling on Monday, rejected Scott’s request for a fresh trial. The 54-year-old had been found guilty in November 2019 of money-laundering conspiracy and bank fraud conspiracy. He has also been accused of profiting $50...

Shibarium’s Marketing Strategist, going by the name LUCIE on X (formerly known as Twitter), said the crypto community should keep its trust in the BAD token due to several essential reasons.  Launched earlier this year, the native asset of Shiba Inu’s partner – BAD Idea AI – performed quite well during July and August before plummeting in the past several weeks.  BAD is not a ‘Pump and Dump’ LUCIE believes people should stop spreading negative news about BAD since the...

Asset management giant BlackRock expects the Federal Reserve to keep its policy interest rate flat at its next Federal Open Markets Committee (FOMC) meeting on Wednesday. The prediction is in line with market expectations and is suspected by analysts to offer Bitcoin (BTC) a meaningful short-term price boost. BlackRock’s Fed Forecast According to Marilyn Watson – BlackRock’s head of Global Fundamental Income Strategy – the central bank’s federal funds target rate will remain...

Cosmos-based layer-1 blockchain – Canto – is migrating to a zero-knowledge layer 2 on Ethereum powered by Polygon Chain Development Kit (CDK). The move aligns with Canto’s plans to build a blockchain dedicated to real-world assets. The development comes amidst a significant shift in the Ethereum layer-2 space. Migration to Ethereum ZK-powered L2 Canto is a layer-1 blockchain initially focused on decentralized finance (DeFi) and is now migrating to a zero-knowledge Layer 2...

The popular cryptocurrency analyst, going by the name “KALEO” on X (Twitter), is optimistic that the price of Ripple’s native token – XRP – will soar in the near future. The forecast is based on the outcome of the lawsuit between the crypto firm and the United States Securities and Exchange Commission (SEC). ‘I’m Long XRP’ KALEO took it to X to outline that XRP’s valuation has recently found “solid support” after considerably dropping to its pre-July levels. Recall that the...

Friend Tech aggregator creators have lost access to all chatrooms on FriendTech’s platform. The FriendBook creator, Yield Bouncer, expressed disappointment in a recent tweet, revealing a disagreement with the team at Friend Tech regarding the vision for the former’s development. To safeguard his interests and regain access to his account, @saliencexbt (Sal), a FriendBook partner, opted to sever ties with the FriendBook project. The move, however, is not harbored with...

There has been a lot of speculation as of late regarding the new bitcoin-based exchange-traded fund (ETF) application submitted to the Securities and Exchange Commission (SEC) by BlackRock. Many are calling this a revolutionary moment in crypto, and there are several analysts out there who think it’s going to pave the way for all kinds of good things including future crypto-centered ETFs and a few major bitcoin price booms. Why the BlackRock BTC ETF May not Be the...

While all the predictions from influential figures and institutions mentioned in our article provide intriguing insights, it’s always crucial to approach them with caution. Bitcoin (BTC), the world’s largest cryptocurrency, has been on a bullish but rollercoaster ride since its inception in 2009. Over the years, it has gained popularity as both a cryptocurrency and a fast-growing investment asset. As we approach 2024, the crypto market is bound to continue evolving, and Bitcoin is...

Elon Musk – the South African billionaire behind successful companies like Tesla and SpaceX – has some huge plans for Twitter, which he’s recently renamed “X.” He wants to make the social media platform the ultimate financial giant by allegedly building a crypto and stock trading platform within its walls. Elon Musk is Potentially Turning X into a Financial Powerhouse The news comes after documents were leaked suggesting Musk received financial data from anonymous...