Markets

Digital asset platform Bakkt Holdings is refocusing on its cryptocurrency custody solutions due to recent market events and increased client interest. In a Q2 earnings report, Bakkt touted its “compliant and trusted” custody platform, citing the current need for multi-custodian access and self-custodial functionality due to clients’ difficulty in storing digital assets safely. Bakkt Renews Focus on Crypto Custody Bakkt Custody was a core part of the firm’s business before its...

Nansen – a blockchain market intelligence firm – released a report on Tuesday analyzing how the earliest whales to onboard Coinbase’s layer 2 blockchain – Base – are using their money. Here’s what the company found. Early whales largely allocated to Ethereum and its layer 2 networks. As of August 7, the most value held by these whales ($19.6 million) was on Ethereum itself, followed by Base ($17.6 million), Arbitrum, and Optimism. Regarding tokens, ETH was the most common...

The meme coins have become a hot investment option in the crypto world. Moreover, if a meme coin comes with a utility, investors are waiting to pounce on the project. Such projects carry the popularity and market growth of meme coins and the stability of utility tokens. Therefore, no sooner did Pomerdoge launch its presale, it became one of the top-performing assets in the crypto market. Summary: Pomerdog’s presale token is currently costing $0.007. Its ecosystem is comprised...

Bitcoin’s price performance continues to be rather underwhelming, with the asset remaining at essentially the same spot as yesterday at just over $29,000. Most altcoins are also quite stagnant today, with little-to-no movements from ETH, BNB, XRP, and others. Shiba Inu is the only exception from the larger caps. SHIB, APE, PEPE on the Rise Shiba Inu’s largest digital asset – SHIB – has been among the best performers lately, gaining double digits in the past week, as...

Imagine making an online payment to a stranger without going through a bank and you still get a reliable and verifiable transaction history. This is how decentralization works. It is the type of process that gives cryptocurrencies the upper hand against traditional currencies. It eliminates the need for intermediaries and allows parties to engage in different transactions without relying on any third party. The concept has hugely influenced the crypto space, which led the...

The initial response to Coinbase’s layer 2 blockchain – Base – has been favorable so far. It has garnered substantial engagement in both DeFi operations and cross-chain bridge transactions. The daily active users on Base, for one, surpassed 100,000 for the first time. More importantly, the figure came just a day after the much-anticipated launch of the blockchain’s mainnet. Base was already live for testing by developers but launched for the public officially with more than...

Cryptocurrency trading platform Kraken dethroned its rival Coinbase to become the most liquid United States exchange for altcoins in July. According to a tweet by Dessislava Laneva, a research analyst at crypto data platform Kaiko, by the end of July, Kraken had claimed 47% of the market depth in the US for the top 10 altcoins. Kraken Claims Largest U.S. Market Depth for Altcoins As of January 2023, Kraken had only a 39% share of the market depth of altcoins, while Coinbase...

CoinspeakerBinance Pursues Regulatory Approval in Taiwan via AML Registration Binance is expanding its presence in Asia. The reports about its potential entrance into Taiwan come after the company re-entered the Japanese market last year. Binance Pursues Regulatory Approval in Taiwan via AML Registration

After several weeks of sideways trading and failing to register any significant price movements in either direction, these past seven days provided more volatility that resulted in both multi-day lows and highs for BTC. It all started on Monday when the primary cryptocurrency dumped by several hundred dollars after the quiet weekend to a weekly low of $28,700. However, the bulls intercepted the move and pushed the asset north. In fact, what followed was among the most notable...

Uniswap is a crypto firm that started about five years ago. The company introduced the world to the automated market maker (AMM). The tool works to let people swap currencies on various exchanges and networks without the aid of middlemen. Uniswap Has Come a Long Way The company has grown into something nobody was expecting. Uniswap now processes about $1 trillion in blockchain transactions on various networks. In a recent interview, the company’s CEO Hayden Adams...