Company • July 18, 2024 10:24 AM EDT Posted 1 minute earlier In ~ Kraken Institutional has expanded its custody services to existing and new customers in the UK and Australia.This move follows the launch of Kraken Custody in the U.S. in March, which is designed to allow institutions to securely store, manage, and transfer funds from a single interface that is integrated with the rest of the Kraken product family.“We expect demand for qualified custody solutions to continue to grow alongside the cryptocurrency product space,” a Kraken spokesperson told The Block at the time. Kraken launched institutional services in…
Author: Crypto Flexs
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Cryptocurrency exchange trading volumes have been declining for three consecutive months since March. According to CME data, institutional interest in ETH declined significantly in June. Cryptocurrency exchange trading volumes plunged further in June, continuing a trend that began in March 2024. According to CCData reportTotal trading volume declined for the third consecutive month, dropping 21.8% to $4.22 trillion. The report attributed the decline to broad sideways movement and losses in major assets. Bitcoin (BTC) and Ethereum (BTC). ‘Major crypto assets, including Bitcoin and Ethereum, remained largely range-bound and saw significant declines in June, with overall trading volume down 21.8% to…
Caroline Bishop 18 July 2024 13:58 UXLINK combines real social connections with blockchain to provide a secure and transparent platform for interaction, transactions, and community building. The UXLINK project, as reported by blog.bitfinex.com, is an innovative initiative designed to enhance social interaction within the Web3 space. The core of UXLINK is to combine real-world social connections with the decentralized spirit of blockchain to create a platform where users can interact, transact, and form communities in a secure and transparent manner. Evolving Social Interactions on Web3 UXLINK introduces a dual token economic model and a…
In recent trading activity, XRP experienced a significant pullback, falling to the important support level of $0.5724. This pullback is seen as a corrective move to the recent rally of the crypto asset, which has caught the attention of traders and investors alike, and speculations have been raised as to whether the bulls will be able to hold the $0.5724 support level. In this article, we take a deeper look at the significance of the $0.5724 support level with the help of technical indicators and the future scenarios that could occur if the coin reaches that level.Advertising The price of…
Bitcoin (BTC) miners are having less influence on BTC price movements during sell-offs, according to new research.Analytics firm Glassnode has dispelled the myth that Bitcoin miners are driving the market lower in the latest issue of its weekly newsletter, “The Week Onchain.”Bitcoin Exchanges, ETFs, Miners Overwhelm the “Market Influence”Bitcoin miners may have had a tough time after the recent block subsidy halving cut block rewards by 50%, but that may not be the biggest concern for investors.Glassnode’s analysis of the largest investment institutions found that centralized exchanges and US spot Bitcoin exchange-traded funds (ETFs) actually have the greatest influence on…
Shiba Inu (SHIB), the second largest Mimecoin by market cap, recently faced significant losses after being implicated in the hacking of India-based cryptocurrency exchange WazirX. This disturbing news has cast a shadow over SHIB’s short-term outlook, adding to concerns about a potential sell-off.$100 million worth of SHIB tokens were compromised.On July 18, SHIB’s price fell by around 10% to $0.00001720. The drop came after Web3 security firm Cyvers detected suspicious movement of around $235 million worth of cryptocurrency from wallets linked to WazirX, including around $100 million worth of Shiba Inu.SHIB/USDT hourly price chart. Source: TradingViewThe wallet also held $52…
Mt. Gox, short for “Magic: The Gathering Online eXchange,” was once the world’s largest Bitcoin exchange. Its dramatic rise and massive fall mark one of the most significant events in cryptocurrency history.This article looks at the Mt. Gox incident, its infamous collapse, and the ongoing struggle to repay creditors.The Birth, Rise, and Collapse of Mt. GoxMt. Gox was originally created by Jed McCaleb in 2006 as a card trading platform for the game “Magic: The Gathering.” In 2010, McCaleb repurposed the site as a Bitcoin exchange. McCaleb sold Mt. Gox to Mark Karpelès in March 2011, who later co-founded Ripple…
Key Points Shiba Inu (SHIB) token fell 8% following the news of the WazirX hack. This attack is the latest in a series of attacks targeting global cryptocurrency exchanges, including BtcTurk and DMM Bitcoin. Share this article According to data from CoinGecko, Shiba Inu’s SHIB token fell 8% following a security breach targeting major Indian cryptocurrency exchange WazirX on Thursday. SHIB recovered slightly after hitting a low of $0.00001734, but the bounce was short-lived.The vulnerability, first discovered by security firm Cyvers Alert, is estimated to have resulted in the loss of more than $230 million in cryptocurrency assets.WazirX confirmed the…
Darius Baru July 18, 2024 10:46 The Hong Kong Monetary Authority (HKMA) has announced participants for its Stablecoin Issuer Sandbox, accelerating the development of the stablecoin ecosystem in Hong Kong. The Hong Kong Monetary Authority (HKMA) has released the list of participants for its Stablecoin Issuer Sandbox, an important initiative aimed at promoting the sustainable and responsible development of Hong Kong’s stablecoin ecosystem.Participant AnnouncementIn a press release dated 18 July 2024, the HKMA disclosed the names of the entities selected to participate in the sandbox. These participants are:JINGDONG Coinlink Technology Hong Kong LimitedRD INOTEK…
The Terra Luna Classic community is voting to create a new website for LUNC. The author estimated that Bitcoin.Org would see a loss of 3.25 million visitors. When the Terra Luna Classic was restored, prominent LUNC members protested the proposal. The community of Terra Luna Classic (LUNC) is making great strides in reviving the network, as revealed in a new governance proposal, which author Dawid Skinder explains is causing the network to lose popularity and attract potential investors.Why do we need an official LUNC website now?The official website for Terra Luna Classic has been non-existent since UST was unpegged in…