Ripple (XRP) has been experiencing a tumultuous phase marked by cautious investor sentiment. Recent trading patterns indicate a momentary recovery from the pivotal support level at $0.50, which has historically acted as a stronghold for buyers. As Ripple approaches the 200-day moving average (MA) around $0.57, the crux of the situation lies in whether it
The Bank for International Settlements (BIS) has initiated an ambitious project, known as Project Mandala, aimed at innovating the landscape of cross-border transactions. In collaboration with central banks from Australia, Korea, Malaysia, and Singapore, the BIS seeks to address the prevalent regulatory hurdles that complicate international payments. An official statement released on October 28 outlines
In a groundbreaking move, Circle, a prominent issuer of stablecoins, announced the signing of a Memorandum of Understanding (MOU) with HKT, a leading entity in technology, media, and telecommunications. This collaboration aims to innovate loyalty programs in Hong Kong, leveraging blockchain technology to shape a unique merchant ecosystem. With the convergence of Circle’s expertise in
The sentencing of Nishad Singh, who served as the engineering director at the now-defunct cryptocurrency exchange FTX, represents a pivotal moment in the ongoing fallout from one of the largest financial scandals in American history. On October 30, Singh received a sentence of time served along with three years of supervised release after admitting his
Animoca Brands Japan is set to launch an innovative Ghost in the Shell NFT collection on October 31, 2023, providing a novel pathway for anime enthusiasts to immerse themselves in this iconic franchise. Originally birthed as a manga in 1989 and adapted into a feature film in 1995, Ghost in the Shell has long been
On October 30, Kraken made headlines with its announcement regarding layoffs, which it characterized as essential “organizational changes” aimed at refining its operational structure and refocusing its strategic goals. The exchange appointed Arjun Sethi, co-founder of Tribe Capital, as its co-CEO during this transformation. Such layoffs, although often deemed a stark reality in the corporate
The collapse of FTX has underscored the intricate challenges that arise in the aftermath of corporate insolvency, especially in the tumultuous world of cryptocurrency. With significant debts and a myriad of stakeholders involved, recovering assets for creditors has become a priority for the firm currently restructuring under Chapter 11. A pivotal figure in this process
As the cryptocurrency market continues its dynamic dance, analysts are closely monitoring Bitcoin’s trajectory. Tony Severino, a noted crypto analyst, has recently weighed in on expectations for Bitcoin’s price as it nears what is predicted to be the apex of its current bull run. According to Severino, based on historical trends and technical indicators, Bitcoin
The cryptocurrency landscape has seen a profound evolution over the years, with decentralized finance (DeFi) blossoming into a key component of this digital ecosystem. Among emerging blockchain platforms, Berachain stands out as a fresh and innovative Layer 1 blockchain designed specifically for DeFi applications. The platform’s unique features and architectural innovations promise to address long-standing
Ethereum (ETH) has exhibited notable resilience lately, finding a crucial support level close to $2,400, subsequently pushing towards recent highs around $2,800. This behavior suggests that ETH is at a pivotal juncture that could determine its trajectory in the coming weeks. Expert analyst Ali Martinez has conducted a thorough technical analysis, indicating that Ethereum may
