Category: Blockchain

The United Arab Emirates (UAE) has launched a blockchain-enabled trade finance platform dubbed UAE Trade Connect to curb economic crimes like money laundering, under-invoicing, and fraud. Revamping the trade finance space Telecom giant Etisalat has joined forces with a consortium of seven leading local banks like the First Abu Dhabi Bank (FAB) to roll out

The Wall Street Journal (WSJ) has weighed in on the ongoing legal showdown between the United States Securities and Exchange Commission (SEC) and blockchain payments firm, Ripple Labs Inc. Per the WSJ, filing lawsuits before “setting clear rules” often harm currency developers or issuers and by extension, numerous retail investors. Back in December, the SEC

Following cryptocurrencies’ spectacular surge last week on the back of Coinbase’s direct listing, many digital assets have reversed their trend, undergoing a price correction. Bitcoin, the largest digital asset by market capitalization, tumbled from highs of over $60K to $56K, liquidating more than $9.32 billion in the process. However, despite the fact that most cryptocurrencies

After Bitcoin fell below the previous support level of $60,103 yesterday, it plummeted from $60K to around $51K, incurring a loss of around $9,000 in just four hours and creating the largest reversal record since February. The decline in the hash rate of Chinese mining pools, the Turkish government’s ban on cryptocurrency transactions, and US rumours

CoinShares, Europe’s largest digital asset manager with over $5 billion in assets under management, has released a Ripple ETP. The CoinShares Physical XRP (XRPL) was unveiled by the digital asset management firm and will trade on the SIX Swiss SIX Exchange. Its total expense ratio will be 1.50, and each unit of the Ripple ETP

While Barbara Corcoran, the Shark Tank star, was out in Union Square in New York City, she shared her views on cryptocurrencies. She claimed that real estate is the best way to get rich, not cryptocurrency. She is into “tried-and-true” methods of making money and advises everyone to listen before it is too late. Being

A DEX, or decentralized exchange, is a blockchain-based exchange that allows traders to directly exchange encrypted tokens with each other. It does not store user funds and personal data on the server but performs all operations through smart contracts on the blockchain, which is different from traditional centralized exchanges (CEX). Traders can achieve direct peer-to-peer

Ark Investment Management LLC purchased $246 million worth of Coinbase shares on the crypto exchange’s Nasdaq debut on Wednesday, April 14 and sold some of its Tesla (TSLA) stock. ARK Invest asset management company bought 749,205 Coinbase shares (ticker: COIN) for three of its actively managed exchange-traded funds: ARK Fintech Innovation EFT (ARKF), ARK Next

The Canadian regulator, the Ontario Securities Commission, has approved three Ethereum ETFs (exchange-traded funds). CI Global Asset Management company, Purpose Investments Inc., company, and Evolve Fund Group Inc., have both received approval to launch three separate Ether ETFs.  The Ether ETFs would be available on Toronto Stock Exchange (TSX) to give investors exposure to the

Though the broader cryptocurrency market is seeing a healthy correction after a week-long rally that pushed Bitcoin (BTC), Ethereum (ETH), and most altcoins to a new all-time high (ATH), the bullish run according to analysts is far from over.  While the market showcases its strength by printing new record highs, the decentralized finance (DeFi) ecosystem,