Category: Blockchain

The Bank of Thailand has issued a stern warning against Thai Baht Digital (THT) stablecoin, a privately issued stablecoin pegged to the national currency, the Thai Baht. The central bank has informed citizens that THT stablecoin has no legal protection or assurances and that users could be at risk of cyber theft or money laundering.

Bitcoin (BTC) has been on overdrive thanks to a bull run that saw the leading cryptocurrency hit an all-time high (ATH) of $61.7k recently. BTC, however, experienced a retracement that drove the price to lows of $54k, but it is up by 3.56% in the last 24 hours to trade at $58,336 at the time

The price of Litecoin (LTC) successfully rebounded above $200. However, it seems that LTC is currently facing headwind and suffering from strong selling pressure. LTC currently ranks 9th among cryptocurrencies, with a market value of $13,616,145,107. LTC has failed to continue soaring but Bitcoin’s upward surge to $60K may help LTC bulls seek higher targets.

Messari lead crypto researcher Ryan Watkins seems to think that in the long-term, Ethereum may appreciate more than Bitcoin (BTC). In a conversation on Fintech Today, Ryan Watkins, a senior research analyst at crypto analytics firm Messari, hypothesized that Ether (ETH) may overtake Bitcoin in market cap in the long run. He pointed to Ethereum’s

Chinese publicly-listed technology company Meitu Inc. has doubled down on its cryptocurrency purchases and has invested another $50 million into the asset class.  According to the firm’s official announcement, the company’s subsidiary, Miracle Vision, has purchased a total of 16,000 units of Ether at an aggregate price of approximately $28.4 million. Additionally, it has scooped

Digital asset company CoinShares released its weekly fund flow report. The report pointed out that because the price of Bitcoin surged to as high as 60K, some investors may sell their Bitcoin holdings to realize the benefits. Therefore, the data shows that approximately $39 million of funds have flowed out in the past week. But Ethereum

The opportunity for XRP holders to join the lawsuit opposing the Securities and Exchange Commission (SEC) and Ripple Labs may not be gone after all. This week, Federal Judge Analisa Torres – the official responsible overseeing the SEC case to determine whether XRP should be regulated as a security in the US – dismissed XRP

Grayscale Investments LLC. crypto asset management company has announced the launch of five new cryptocurrency investment trusts. The new trusts include Grayscale Livepeer Trust, Grayscale Filecoin Trust, Grayscale Decentraland Trust, Grayscale Chainlink Trust, and Grayscale Basic Attention Token Trust. The firm is offering new trusts to invest particularly in five different cryptocurrencies. The trusts are

Tesla CEO Elon Musk announced the creation of his first NFT yesterday – an NFT-themed song. On Twitter, he said, “I’m selling this song about NFTs as an NFT.”  The preview of the song displays a golden trophy with the words “HODL” – hold on for dear life – emblazoned on it. The proposed NFT

Ripple (XRP), the digital token created by Ripple Labs Inc., is currently the seventh-leading cryptocurrency with a market cap of around $21,391,909,521. It is trading at $0.475 at the time of writing. After Bitcoin strongly broke through numerous resistances, reaching an all-time high of $61,781, it corrected by around 10%. Other well-known cryptocurrencies such as