TRM Labs Inc., a regtech startup based in San Francisco, has secured US$1.7 million in a seed funding round led by Blockchain Capital, with participation from Tapas Capital, Green D Ventures, The MBA Fund, and several strategic angel investors. The company said the funds will be used to expand its engineering team and enhance the … Read more
The future of cryptocurrencies in Russia once looked bleak, but sentiment is gradually shifting toward cautious optimism. This week, reports say the country’s finance minister sent a letter to the prime minister advocating for cryptocurrencies and urging banks to treat them as financial assets. Below are the main cryptocurrency developments from this week: Local Russian … Read more
Galaxy Digital, led by Michael Novogratz, facilitated Goldman Sachs’ over-the-counter crypto transaction. Goldman Sachs has reportedly completed its first over-the-counter (OTC) trade in crypto derivatives, marking the first major U.S. bank to enter the growing market for cryptocurrency options. The development emerged Monday when the bank executed its first OTC crypto trade involving a cash-settled … Read more
The recent broad weakness in the crypto market has pushed many tokens lower, and Hedera (HBAR) is no exception. Despite this pressure, the coin remains above a critical support zone. How long it can hold there depends on several factors. Key points to consider: The $0.19 support level remains crucial for HBAR in the coming … Read more
Geoffrey Kendrick pointed to several factors driving the bullish momentum. As of Thursday, Bitcoin traded just below $100,000. Software firm MicroStrategy has increased its Bitcoin purchases. Bitcoin’s relentless rally is prompting some analysts to revise their boldest forecasts. Geoffrey Kendrick of Standard Chartered, a well-known Bitcoin bull, has now admitted that his earlier $120,000 forecast … Read more
Internet Computer Protocol unveils new Internet Identity solution dubbed Verified Credentials Internet Computer Protocol (ICP) has introduced Verified Credentials (VCs), a walletless identity solution designed to increase trust and reduce fraud in online public discourse. The feature was unveiled at the Digital Identity unConference Europe (DICE) 2024 in Zurich, Switzerland. What are Verified Credentials? Verified … Read more
MicroStrategy has increased its Bitcoin holdings with a second purchase of 2,138 BTC This marks the eighth consecutive week the U.S.-listed company has bought Bitcoin MicroStrategy’s announcement follows a company BTC tracker released by Michael Saylor the day before MicroStrategy, the largest publicly traded holder of Bitcoin (BTC), has announced another acquisition of the flagship … Read more
Key points XRP surged more than 70% on Thursday after a favourable ruling in Ripple’s legal case against the U.S. Securities and Exchange Commission (SEC). Shiba Memu’s presale is approaching $800,000 as more investors enter the market. The cryptocurrency market was strongly bullish over the past 24 hours, with the prices of most coins and … Read more
There has been considerable discussion about the recent crypto rally over the past two weeks. Several coins have delivered double-digit gains, while a few—such as Zilliqa—have captured headlines with especially strong uptrends. What’s behind this surge in the crypto market? A few key factors appear to have contributed: Uncertainty about a Federal Reserve rate hike … Read more
Sui (SUI) rose 116.2% over the past three months. Although Bitcoin Dogs (0DOG) fell significantly after listing, key indicators suggest a potential reversal in trend. Both tokens show upside potential, with SUI’s total trading volume surpassing $1 billion and growing investor interest. Cryptocurrency investors continually search for assets with meaningful upside potential. Two tokens drawing … Read more