Crypto news

[unable to retrieve full-text content]CoinspeakerMukesh Ambani-backed Jio Financial Services Announces Plans to Extend Services to Insurance Industry The Indian billionaire highlighted during Reliance's annual general meeting that JFS intends to further widen its financial services with global partners including Blackrock. Mukesh Ambani-backed Jio Financial Services Announces Plans to Extend Services to Insurance Industry

On-chain data tracker Whale Charts just flagged a massive XRP transaction, which could spell doom for the popular crypto asset. As per Whale Charts’ tweet, an anonymous investor moved about 28.4 million Ripple (XRP), equivalent to roughly $14.9 million, into Bitstamp. The amount was transferred from wallet r4wf7enWPx to another Bitstamp wallet, rDsbeomae4. Of course, substantial transfers are not new to XRP. Nonetheless, the shift towards an exchange wallet signaled a...

On the 22nd of August, Balancer Labs – a non-custodial portfolio manager, liquidity provider, and price sensor – received reports of a massive vulnerability affecting several of its lending pools. At the time, no attacks had been carried out – but that changed recently. Community Alerted As soon as the exploit was discovered, Balancer devs published a warning to its users, noting that certain pools had already been marked as safe and promising a post-mortem of the situation...

[PRESS RELEASE – Zug, Switzerland, August 28th, 2023] Supra, a leading blockchain organization that provides Oracle and Verifiable Random Function (VRF) services, today announced the creation of HyperNova, its new bridgeless technology that facilitates cross-chain communication directly via L1 consensus. This groundbreaking new methodology allows blockchains to connect interoperably without the need for a centralized bridge. “HyperNova is a major breakthrough for the...

Ripple is feeling very confident following its recent SEC victory. So confident, in fact, that in a recent interview, representatives said they think many banks will want to use XRP (the official cryptocurrency of Ripple) to aid in cross-border payments. Ripple Wants XRP to Be a Primary Cross-Border Tool The company stated it’s already engaged in several talks with banks and other traditional financial institutions throughout the U.S. about the use of XRP in...

[unable to retrieve full-text content]Coinspeaker1inch Investment Fund Acquires $10M Worth of Ethereum The wallet holds a significant amount of ETH alongside other cryptocurrencies worth around $80 million in its portfolio. 1inch Investment Fund Acquires $10M Worth of Ethereum

While Bitcoin network fundamentals such as hash rate and difficulty have reached peaks, the same cannot be said for its hash price. The world’s largest crypto’s price has failed to recover, and miners are facing the brunt of it yet again. Bitcoin hash price – which can be described as the revenue generated by miners on a per tera-hash basis – has declined to levels not seen since the dramatic implosion of FTX in November 2022. Bitcoin Miner Revenue Declines Data from...

A new report issued by financial powerhouse JPMorgan says the next bitcoin halving – which is presently scheduled to occur in 2024 – could make the playing field very difficult for crypto miners. JPMorgan on the Next Bitcoin Halving The bitcoin halving tends to occur every four years. Each time it happens, two things take place. One, the leadup causes the bitcoin price to shoot higher like nobody’s business. Traders are super happy as they are now witnessing great...

[unable to retrieve full-text content]CoinspeakerOrbs Partners with Axelar to Introduce Its Tokens on Arbitrium Ecosystem At the heart of this transformation lies Axelar’s innovative Satellite Bridge, a technology that simplifies the transfer of assets between different blockchain networks. Orbs Partners with Axelar to Introduce Its Tokens on Arbitrium Ecosystem

[unable to retrieve full-text content]CoinspeakerRobinhood Emerges as Third-Largest Bitcoin Holder with $3B in BTC The emergence of Robinhood as a key BTC holder signifies a potential shift in the digital asset ownership landscape. Robinhood Emerges as Third-Largest Bitcoin Holder with $3B in BTC