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Category: market

Toncoin Skyrockets 50% in May: Telegram’s Influence
cryptomarket

Toncoin Skyrockets 50% in May: Telegram’s Influence

Hannibal ClairMay 10, 2024May 13, 2024

The price of the cryptocurrency Toncoin (TON) has been on the rise, increasing by approximately 50% this month and reaching…

Hong Kong Central Bank’s Community Explores Asset Tokenization
market

Hong Kong Central Bank’s Community Explores Asset Tokenization

Jan BlattMay 7, 2024May 7, 2024

In an effort to explore asset tokenization and promote interoperability among wholesale central bank digital currencies (wCBDC), the Hong Kong…

Colombian Bank Launches Crypto Exchange & Stablecoin
cryptoexchangemarket

Colombian Bank Launches Crypto Exchange & Stablecoin

Olga LettMay 7, 2024May 7, 2024

Colombia’s largest bank, Bancolombia Group, has made its entry into the cryptocurrency market with the launch of its own crypto…

Grayscale Bitcoin ETF’s Journey to Recover $17.4B Outflows
bitcoinbtcmarket

Grayscale Bitcoin ETF’s Journey to Recover $17.4B Outflows

Gabrila DunsonMay 7, 2024May 7, 2024

Grayscale, a cryptocurrency asset manager, has ended its streak of outflows as its Grayscale Bitcoin Trust (GBTC) experienced inflows for…

Marathon Digital Engages with Kenyan Government on Crypto Policy and Energy Use
cryptomarketmining

Marathon Digital Engages with Kenyan Government on Crypto Policy and Energy Use

Rudyard RustMay 6, 2024May 6, 2024

Crypto mining company Marathon Digital is currently engaged in talks with the Kenyan government regarding the country’s cryptocurrency policy and…

Struggling Hong Kong Bitcoin and Ether ETFs
bitcoincryptomarket

Struggling Hong Kong Bitcoin and Ether ETFs

Horace BashirMay 6, 2024May 6, 2024

Hong Kong’s recently launched Bitcoin exchange-traded funds (ETFs) are not performing as well as their U.S. counterparts. Data from Farside…

Surge in Gaming Investments: Q124 VC Roundup
market

Surge in Gaming Investments: Q124 VC Roundup

Teodorico RalstonMay 1, 2024May 1, 2024

Venture capital investment in the gaming industry is experiencing significant growth, with a surge in both funding and deal volume.…

Record $4.52B Profit: Tether’s Q1 2024 Boosted by Bitcoin and Gold
marketusdt

Record $4.52B Profit: Tether’s Q1 2024 Boosted by Bitcoin and Gold

Deeann SlyeMay 1, 2024May 1, 2024

Tether Holdings, the company responsible for the largest stablecoin in the world, USDT, has announced a record net profit of…

Bitcoin Hits 2-Month Lows, Drops Below $60K Support
market

Bitcoin Hits 2-Month Lows, Drops Below $60K Support

Alta MowryMay 1, 2024May 1, 2024

Bitcoin (BTC) experienced a significant drop in value on May 1, resulting in traders losing around half a billion dollars.…

Zimbabwe Dollar Replaced by Gold-Backed Token
currencyexchangemarket

Zimbabwe Dollar Replaced by Gold-Backed Token

Horace BashirApril 30, 2024April 30, 2024

The Reserve Bank of Zimbabwe has recently launched the Zimbabwe Gold (ZiG) currency in both paper and coin form. This…

Stablecoin Bill Strengthens Dollar Dominance, Tackles Sanction Evasion
market

Stablecoin Bill Strengthens Dollar Dominance, Tackles Sanction Evasion

Aggi AvansApril 29, 2024April 29, 2024

Lawmakers in the United States are turning their attention to stablecoins due to their potential benefits and risks. Stablecoins are…

Custodia Bank Appeals Higher Court after March Setback
cryptomarket

Custodia Bank Appeals Higher Court after March Setback

Powell SchumacherApril 26, 2024April 26, 2024

Custodia Bank, a financial institution founded by Caitlin Long in 2020 to serve crypto firms and facilitate transactions with the…

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