Market News Archives

Deutsche Bank unveils a cutting-edge Layer-2 blockchain to tackle compliance challenges

December 18, 2024 1 min read

Deutsche Bank has launched a new Layer-2 blockchain solution called Project Dama 2, designed to address compliance challenges linked to public blockchains in traditional finance. This project is part of the Monetary Authority of Singapore’s (MAS) Project Guardian. It brings together major financial institutions to look into using blockchain technology for asset tokenization. Project Dama 2 improves current public blockchains like Ethereum by prioritizing cost efficiency, security, and following regulations.

EU MP Sarah Knafo urges Europe to embrace Bitcoin and reject the digital euro

December 18, 2024 1 min read

In a passionate speech at the European Parliament, MEP Sarah Knafo voiced her strong disagreement with the European Central Bank’s (ECB) plans for a digital euro, promoting Bitcoin as a better option for Europe. Knafo encouraged European countries to follow El Salvador’s example of adopting Bitcoin as legal tender three years ago, saying that accumulating Bitcoin reserves could strengthen economies in difficult times. Knafo pointed out some benefits of Bitcoin,

Avalanche raises $250 million from Galaxy Digital, Dragonfly and ParaFi Capital

December 16, 2024 1 min read

Avalanche, a layer-1 blockchain platform, has raised $250 million from a token sale to support its new upgrade, Avalanche9000. Major investment firms like Galaxy Digital, Dragonfly, and ParaFi Capital led the fundraising effort, joined by more than 40 other firms including SkyBridge, SCB Limited, and Morgan Creek Digital. Avalanche9000 just launched on a testnet, bringing a financial boost that aims to cut transaction costs and improve application deployment efficiency by

Trump proposes Bitcoin reserve to secure U.S. economic leadership

December 16, 2024 1 min read

Recently, U.S. President-elect Donald Trump shared his positive views on Bitcoin, seeing it as an important asset for keeping America’s economic strength. Trump suggested creating a Bitcoin reserve, similar to the country’s oil reserves, to strengthen the U.S. economy and reduce inflation risks while addressing a virtual audience. The move from careful rules to getting involved in the cryptocurrency market could greatly affect Bitcoin’s value, with estimates saying it might

MicroStrategy may enter the Nasdaq 100 this week

December 15, 2024 1 min read

MicroStrategy is on the verge of potentially joining the Nasdaq 100, possibly replacing Moderna, due to a remarkable surge in its stock driven by substantial investments in Bitcoin. Analysts Eric Balchunas and James Seyffart anticipate that this inclusion could be announced as early as this Friday, with an official listing expected on December 23. This would represent a significant achievement for MicroStrategy, positioning it among the top 100 publicly traded

Bitget plans a Lithuanian hub to meet EU crypto rules under MiCA

December 15, 2024 1 min read

Bitget is considering Lithuania as the potential location for a new European regional hub to align with the EU’s Markets in Crypto Assets (MiCA) regulations. This initiative reflects the exchange’s broader strategy to strengthen its European presence and adhere to evolving regulatory frameworks. The company is pursuing regulatory approval in 15 countries, adding to its existing licenses in multiple EU nations. Bitget recently entered the UK market and is also

Google’s Willow quantum chip raises concerns about Bitcoin security

December 12, 2024 1 min read

Google has recently launched its new quantum computing chip, Willow, featuring 105 qubits and impressive computing power. This new development has caused concern in the cryptocurrency community, especially about the security of Bitcoin’s cryptographic algorithms, since quantum computers could potentially break encryption. Willow has shown its strength by completing a complex calculation in only five minutes, a job that would take traditional supercomputers an unimaginable ten septillion years. Quantum computers

Users are upset with Coinbase because many have faced long account restrictions. Some say their accounts have been frozen for months or even years. Complaints appeared on social media platform X, where users questioned Coinbase's claim that the rise in restricted accounts was just because of inactivity and outside worries about the crypto market. On December 9, Coinbase Support noted a big increase in platform activity after the recent elections, linking it to a 2-3x rise in fraud attempts. This increase led to the use of automated fraud prevention measures, resulting in more account restrictions and slower customer support responses. Even though Coinbase is trying to fix these problems, many users are unhappy and expressing their concerns. Users are upset and have gone online to share their complaints, claiming that Coinbase has communicated misleading information. Some accounts have been locked due to VPN use, and users have not received enough support even after trying many times to get help. Key people in the crypto community, such as investor Glauber Contessoto, have suggested having a customer service line available 24/7 to improve user support. Even with these challenges, Coinbase has done well financially in 2024, showing a 97% increase in stock value so far and reaching important goals for its layer-2 network, Base. The ongoing backlash about account restrictions highlights the need for Coinbase to improve its customer service and communication as more users join.

Coinbase faces backlash as users report prolonged account freezes

December 12, 2024 1 min read

Users are upset with Coinbase because many have faced long account restrictions. Some say their accounts have been frozen for months or even years. Complaints appeared on social media platform X, where users questioned Coinbase’s claim that the rise in restricted accounts was just because of inactivity and outside worries about the crypto market. On December 9, Coinbase Support noted a big increase in platform activity after the recent elections,

First Abu Dhabi Bank joins with Libre Capital for blockchain-based lending with tokenized RWA as collateral

December 11, 2024 1 min read

First Abu Dhabi Bank (FAB), the biggest bank in the UAE, has partnered with tokenization expert Libre Capital to change collateralized lending by using real-world assets (RWA) in a digital way. This partnership seeks to improve lending by letting approved lenders use tokenized traditional investment assets as collateral for loans backed by stablecoins. The tokens are digital products from well-known financial institutions like Brevan Howard, Hamilton Lane, and BlackRock, combining

Bitcoin and Ethereum ETFs saw record-breaking inflows last week

December 10, 2024 1 min read

Bitcoin and Ethereum exchange-traded funds (ETFs) saw a big increase in investor interest recently, making it a historic week for both assets. Spot Bitcoin ETFs in the United States saw inflows of $2.73 billion, with BlackRock’s IBIT ETF bringing in more than $2.6 billion by itself. Earlier in the week, there was a short time when Bitcoin ETFs had outflows, with withdrawals amounting to $558.3 million. Now, there has been

5 Underrated Altcoins That Could Turn $300 Into $30,000 by 2026

December 5, 2024 4 mins read

The cryptocurrency market is brimming with opportunities for savvy investors seeking life-changing gains. While Bitcoin and Ethereum dominate headlines, many high potential altcoins fly under the radar but offer enormous upside potential. A small investment today could yield significant returns by 2026. Here are five underrated altcoins that could transform a $300 investment into $30,000, with a spotlight on FXGuys, a Top PropFi Project catching traders’ attention. >>>BUY $FXG TOKENS

Ripple CTO Speaks on the XRP Price Action as this Rival Rises from $0.07 to $2 in 2 Months

December 4, 2024 4 mins read

Recently, Ripple’s CTO, David Schwartz, found himself at the center of excitement and skepticism as the XRP price surged significantly. While XRP has been a cornerstone of Ripple’s ambitions in cryptocurrency, a new contender has emerged: RCO Finance (RCOF). This rival has captivated investors, skyrocketing from $0.07 to an impressive $2 in just two months. As Schwartz tries to address past XRP price actions, the rise of RCOF raises questions