Recently, Ripple made headlines by announcing a new partnership with South Korea’s Yonsei University as part of its University Blockchain Research Initiative (UBRI) program. This collaboration marks a significant milestone for Ripple, as it brings the total number of global UBRI partnerships to 58, with 12 of them strategically located in the Asia Pacific region.
Crypto
The recent charges levied by the U.S. Securities and Exchange Commission against Galois Capital, a crypto-focused advisory firm, have once again highlighted the critical importance of proper custody practices in the cryptocurrency industry. The SEC found that Galois failed to ensure that the crypto held by the private fund it was advising was held with
Bitcoin faced a significant drop, falling below $56,000, prompting concerns about its future trajectory. Arthur Hayes, the co-founder and former CEO of BitMEX, highlighted the possibility of the cryptocurrency sliding further to $50,000 in his recent article. Not only did he suggest a potential decline in Bitcoin’s value, but he also warned about altcoins facing
In recent times, the Ethereum market has experienced a notable shift, with rising exchange reserves indicating a potential new distribution phase. The CryptoQuant Ethereum Exchange Reserve metric has been a key indicator, tracking the amount of ETH held in exchange wallets. This rise in the metric often signals that traders are moving their ETH onto
In recent months, there has been a noticeable decline in whale activity across major crypto assets such as Bitcoin and Ethereum. According to Santiment’s latest analysis, high-value transactions of $100k or more have decreased significantly. For example, during the period of March 13-19, Bitcoin saw 115.1k transactions valued at over $100k each. However, by August
The Open Network (TON) and its native token have been facing a series of challenges in recent times. Last week, the platform experienced outages due to the overwhelming demand for DOGS, leading to frustration among users. However, the latest setback came in the form of a drastic price drop of over 90% in just a
Recently, crypto analyst ‘Titan of Crypto’ revealed a technical pattern that has never been witnessed before in the cryptocurrency market. A golden cross is in the making between the 100-day moving average and the 200-day moving average, signifying a potential bullish long-term trend reversal. This pattern, unlike the traditional golden cross involving a 50-day and
In a recent report released by Henley & Partners, it was revealed that the number of individuals holding over $1 million in digital assets has skyrocketed by 95% to 172,300. This surge in wealth comes at a time when the crypto market has experienced significant growth, with its total value increasing to $2.3 trillion, marking
In the past month, the cryptocurrency industry has been hit with a series of high-profile hacks resulting in losses totaling over $313 million. These hacks have highlighted the vulnerabilities present in the crypto space, with over 10 different incidents contributing to the staggering amount lost. The most significant losses, accounting for 93.5% of the total
Last week, digital asset investment products experienced outflows totaling $305 million, signaling a widespread negative sentiment among various providers and regions. CoinShares attributes this trend to the release of stronger-than-expected economic data from the United States, which has subsequently decreased the likelihood of a 50-basis point interest rate reduction. As a result, the asset manager
