| | |

Ripple Gets License Formally Approved in Singapore

Byadmin

Ripple’s Singapore division has obtained a license as a major payments institution from the Monetary Authority of Singapore, the company said, allowing it to continue providing digital payment token services in the fast-growing region. It is the second good news for Ripple in the last eight hours. “Singapore has emerged as a leading fintech and…

| | |

US Crypto Exchange Kraken Obtains ‘Historical’ Regulatory Approvals in Europe

Byadmin

The Kraken cryptocurrency exchange announced new achievements in the implementation of its strategy to seek expansion in the European market. The US digital asset trading platform said it received regulatory approvals from monetary authorities in Ireland and Spain, two of the EU countries with relatively clear rules for the sector. Kraken, Another Major US Crypto…

| |

Blockchain funding in Germany rises 3% amid market slowdown

Byadmin

Germany’s blockchain sector recorded a total of $355 million in venture capital funding across 34 deals, representing a 3% increase compared to the previous year. Germany hit an all-time high in global venture capital funding participation in 2023, despite a decline in overall blockchain market performance worldwide, according to a report published by Crypto Valley…

| | |

Bitstamp is raising funds to expand services in Asia and Europe

Byadmin

Bitstamp seeks to expand the number of markets it serves Bitstamp, one of the oldest cryptocurrency exchanges, revealed that it is currently in talks with investors to raise new funds. This is according to Bitstamp CEO Jean-Baptiste Graftieaux. The CEO told Bloomberg that the cryptocurrency exchange started the fundraising process a few weeks ago, with…

| | |

The Biggest Movers: SHIB increases to a maximum of 3 months to start the weekend

Byadmin

Shiba inu was a notable gainer during Saturday’s session as the meme coin rose to a three-month high. The move comes as traders continue to react to Binance’s decision to approve the coin as collateral in addition to the upcoming Shibarium release. Dogecoin also broke its recent losing streak today. Shiba Inu (SHIB) Shiba inu…

| |

Stronghold Expands Operations with $3 Million Acquisition of 2,000 Bitcoin Canaan Miners

Byadmin

Stronghold Digital Mining announced on Thursday that it has acquired 2,000 application-specific integrated circuit (ASIC) bitcoin mining rigs from Canaan. The new machines, which cost $3 million, will be delivered to Stronghold’s Panther Creek facility in the third quarter. Stronghold Digital Mining Acquires 2,000 Avalon A1346 Bitcoin Miners While 2022 was not a breakout year…

| | |

The Central Bank of Italy starts the development of the DeFi ecosystem

Byadmin

The Milano Hub innovation center of the Bank of Italy will support a project led by Cetif Advisory that aims to develop a security token ecosystem for institutional decentralized finance (DeFi). The project is a collaboration between Cetif Advisory, Polygon Labs, Fireblocks and other organizations, with the participation of Italian banks and ten other financial…

| |

Dogecoin Rises on twitter x.com Rebrand, Bitcoin (BTC) Falls

Byadmin

Bitcoin fell as low as $29,000 earlier this week, while Dogecoin is up 2.4% in the last 24 hours. One of the biggest news events that could have affected the market is the recent rebranding of Twitter to X.com. Dogecoin (DOGE) supporters are closely watching what Elon Musk is doing with the social network.Dogecoin Rises…

| | | |

Bitcoin and NASDAQ composite index correlation drops to 2-year low

Byadmin

New data from Kaiko on July 11 indicates that the correlation between Bitcoin and the Nasdaq Composite Index is at a two-year low. The correlation coefficient between these two assets dropped to less than 1% in early July. At that level, it’s at the lows of July 2021. The NASDAQ Composite Index tracks the performance…