In a significant announcement on October 1, 2023, Kraken revealed its decision to discontinue support for Monero (XMR) in the European Economic Area (EEA) by the end of October 2024. The exchange cited recent regulatory changes in the region as the driving force behind this decision. Effective October 31, 2024, at 15:00 PM UTC, all
The cryptocurrency landscape has always been susceptible to external shocks, and the recent missile strike by Iran on Israel serves as a case Study. Within a mere 24-hour period, Bitcoin experienced a staggering decrease of nearly $4,000, plunging from just over $64,000 to around $60,000. This sharp decline is indicative of a reactive marketplace, where
In the vibrant world of blockchain gaming, few titles have made a mark quite like CryptoKitties. Launched in 2017, this pioneering decentralized application introduced players to a unique ecosystem where they could collect, breed, and trade virtual cats based on the Ethereum blockchain. The game’s success not only captured the attention of gamers but also
The crypto market’s recent fluctuations serve as a stark reminder of how intertwined market sentiment and fundamental data can be. Cardano, one of the prominent cryptocurrencies, registered a remarkable 26% increase following the Federal Reserve’s announcement on interest rate cuts. This surge ignited hope among investors and analysts alike. However, the aftermath of this rally
The landscape of financial services is evolving at an unprecedented pace, fueled in part by technological advancements surrounding distributed ledger technology (DLT) and the concept of tokenized securities. Leading the charge in this transformative journey is the UK’s Financial Conduct Authority (FCA) in conjunction with the Bank of England, which has recently announced the next
In the increasingly complex world of NFTs and digital assets, the partnership between Transak and Sequence marks a significant advancement aimed at simplifying the user experience in purchasing these unique digital items. By enhancing their NFT Checkout features, Transak and Sequence are determined to make acquiring NFTs in the Web3 gaming sector more accessible and
In a surprising announcement on September 30, 2023, Gemini, a notable cryptocurrency exchange, revealed its decision to close operations in Canada by the end of 2024. Customers received this news via an email outlining that all Gemini accounts in the country would be closed, underscoring the need for users to withdraw their assets within a
The cryptocurrency market is undergoing a transformative period, compelling nations worldwide to reconsider their stance. In a notable address at the 2024 Tsinghua PBC Chief Economist Forum, former Chinese Vice Minister of Finance Zhu Guangyao insisted that China must carefully assess its cryptocurrency policy in light of dynamic global trends. With a particular focus on
On September 27, Bitcoin (BTC) made headlines as it soared to a remarkable trading price of $66,500—marking a significant recovery since its low points in late July. This surge ignited excitement among investors, many of whom expressed renewed optimism regarding the cryptocurrency’s potential. However, this euphoric moment was short-lived, as BTC’s market value plummeted below
As the cryptocurrency landscape grapples with a significant downturn, XRP emerges as a notable exception. On September 30, most market leaders, including Bitcoin, Ethereum, and Binance Coin, reported minor losses, and meme coins such as Dogecoin and Shiba Inu fell drastically. In stark contrast, XRP managed a commendable 4% increase, reaching a local peak of