Author: Roland Guirdonan

Article written by Roland Guirdonan

Ripple releases 1 billion XRP tokens from escrow on September 1st

September 1, 2024 1 min read

Ripple released 1 billion XRP tokens from escrow on September 1st, aiming to improve market predictability and transparency through a long-term plan for managing the token supply. The “Ripple 24” wallet, which has been operational for over seven years, distributed the tokens, with a value of over $560 million. The first transaction released half a billion tokens worth almost $280 million, followed by the second and third releasing a significant

Solana (SOL) transaction fees drop to a monthly low after peaking at $5 million in March

August 27, 2024 1 min read

The daily transaction costs of Solana have reached a multi-month low, suggesting a decrease in activity on the blockchain. The decline occurs as the enthusiasm surrounding meme coins on the blockchain diminishes, partially attributed to the introduction of Tron DAO’s SunPump. Notable tokens in the Solana ecosystem include Tether USD, Solana (SOL), Circle USD, Chainlink, and Render. The prominent meme coins on the Solana blockchain include dogwifhat, Bonk, Popcat, BOOK

The Ethereum Foundation transfers 35,000 ETH to Kraken, raising concerns

August 26, 2024 1 min read

The Ethereum Foundation has deposited 35,000 ETH into the Kraken exchange, prompting concerns regarding its possible influence on the stability of the Ethereum market. The transaction, which took place during a small increase in prices, was a regular component of treasury management, which is essential for sustaining the activities of the foundation. The market regularly monitors the Ethereum Foundation wallet, which is one of the largest holders of ETH. Nevertheless,

Toncoin (TON) and Notcoin (NOT) plummet amidst Telegram founder’s arrest

August 25, 2024 1 min read

The cryptocurrency market experienced a significant shake-up as news of Telegram founder Pavel Durov’s arrest in France broke. Toncoin (TON) and Notcoin (NOT), two tokens closely associated with Telegram, saw dramatic declines, plummeting over 20% in the wake of the announcement. Durov, the mastermind behind the popular messaging app Telegram, was detained in France due to his refusal to cooperate with French authorities, who claim he is complicit in drug

Bitcoin ETFs see a $252 million inflow, signaling strong investor confidence

August 25, 2024 1 min read

Significant changes occurred in the U.S. exchange-traded funds (ETFs) market on August 23, 2024, specifically with Bitcoin (BTC) and Ethereum (ETH). Bitcoin ETFs experienced a substantial influx of $252 million, indicating a rise in investor enthusiasm, while Ethereum ETFs encountered an outflow of $5.7 million, underscoring the difficulties faced by this particular cryptocurrency. The iShares Bitcoin Trust, managed by BlackRock, attracted a significant investment of $86.8 million, making it the

Bitcoin (BTC) Jumps to Nearly $64K

August 24, 2024 1 min read

Crypto prices experienced a boost on Friday, with U.S. Federal Reserve Chairman Jerome Powell confirming a monetary easing cycle next month and crypto-friendly RFK Jr. endorsing Donald Trump in the presidential campaign. Bitcoin (BTC) rose by 5.6% over the past 24 hours after Kennedy’s announcement, trading at $63,800. Tokens like ether, Tezos (XTZ), and Solana (SOL) gained 5% or more. The presidential race remains a 50/50 contest, but conventional thinking

Mt. Gox transfers $75M in Bitcoin to Bitstamp, sparking market reactions

August 23, 2024 1 min read

Mt. Gox, the now-closed crypto exchange, has moved a substantial quantity of Bitcoin to Bitstamp in anticipation of forthcoming payments to creditors. The cryptocurrency market had varied responses after the transfer, with Bitcoin encountering a marginal decline and Ethereum witnessing a small rise. Additionally, prominent cryptocurrencies like Binance Coin and Solana experienced a decrease in value. The collective market capitalization of cryptocurrencies experienced a decline, leading to the occurrence of

El Salvador launches 160-hour Bitcoin certification for 80,000 civil servants

August 21, 2024 1 min read

El Salvador announced it is launching a Bitcoin certification program for 80,000 civil servants, as part of its commitment to integrating Bitcoin into its economy and governance. The program, called “Certification in Public Administration 1,” is a 160-hour virtual and asynchronous course divided into seven modules. Each module aims to impart essential knowledge about Bitcoin, including its legal framework, strategic management, and public policies surrounding its use as legal tender.

Bitcoin (wBTC) faces scrutiny over a controversial partnership

August 20, 2024 1 min read

The recent controversy surrounding wrapped Bitcoin (wBTC) has raised concerns among the crypto community, particularly in the Ethereum DeFi sector. MakerDAO halted lending and borrowing of wBTC following BitGo’s partnership with Justin Sun and Tron. The controversy began when BitGo disclosed its plan to share custody of wBTC with BiT Global, a company tied to Justin Sun. The main concern was that Sun might gain undue control over wBTC, especially

One of the Biggest banks in UAE partners with Bitpanda

August 19, 2024 1 min read

The National Bank of Ras Al Khaimah (RAKBANK) has partnered with Bitpanda Technology Solutions to launch a new digital asset management platform for UAE residents. The initiative, pending approval from the Central Bank of the UAE (CBUAE), is expected to offer comprehensive digital asset services in the region. The move aligns with RAKBANK’s efforts to establish itself as a hub for digital innovation, including the creation of the RAK Digital

Net outflow of spot Bitcoin ETFs hits $169 million on August 9

August 18, 2024 1 min read

Although there were initial withdrawals in early August, the demand for US spot Bitcoin exchange-traded funds (ETFs) has continued, resulting in a total weekly net inflow of $32.58 million on August 16th. The net outflow of spot Bitcoin ETFs decreased from $80.69 million on August 2 to $169 million on August 9. Although the Grayscale Bitcoin Trust experienced an outflow of $72.9 million on August 16, spot Bitcoin ETFs nevertheless

Global investment firm Franklin Templeton submits for a crypto index ETF

August 17, 2024 1 min read

Franklin Templeton has filed an S-1 registration form with the US Securities and Exchange Commission (SEC) for a cryptocurrency index exchange-traded fund (ETF) that will monitor the performance of Bitcoin and Ethereum. The “Franklin Crypto Index ETF” is a fund that seeks to provide investors with varied exposure to digital assets, while also benefiting from the reputable institutional support of Franklin. The ETF will exclusively target the two most significant