Author: John Smith
Chainlink price experienced a significant reversal and dropped for three consecutive days, erasing some of the gains made last week. Chainlink (LINK) token fell to $27, marking a 13% decline from its highest level this year and bringing its market cap to over $17 billion. The retreat mirrored losses seen across other popular cryptocurrencies. Bitcoin (BTC) dropped to $105,000 from its weekly high of $108,000. Similarly, Ethereum, Ripple, and Solana were down by over 3%. Still, one whale continued to accumulate LINK tokens, betting on a potential recovery. According to LookOnChain, the whale withdrew 65,000 LINK tokens worth $1.8 million…
Crypto custodian firm Hex Trust officially launches HT Market MENA, enabling institutional investors to make crypto-fiat conversions through the firm’s licensed custody platform. In a press release received by crypto.news, the crypto custodian stated that the services provided by the firm on HT Market MENA are available for institutional clients and investors that have accumulated an on-ramp fund threshold of 368,000 AED or equal to $100,000. Hex Trust Markets offer clients fully-licensed access to its ecosystems, where they can generate yield through on-chain staking solutions and perform transactions with support provided by a global trading team. The launch of HT…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The web3 ecosystem is a hotbed of innovation, offering bold solutions that promise to decentralize systems and empower individuals. Yet, for all its potential, web3 has yet to become a mainstream phenomenon. Adoption remains slow, hindered by a steep learning curve and significant barriers to entry. Decentralized physical infrastructure networks—otherwise known as DePINs for short—represent a new frontier in this space, with the potential to transform industries by making infrastructure faster and cheaper to deploy. However, taking…
Deutsche Bank is reportedly building a Layer 2 under an asset-servicing pilot project called Dama 2 as part of the lender’s goal to clear regulatory hurdles for institutions who want to use public blockchains. According to a Bloomberg report published on Dec. 18, German banking giant Deutsche Bank AG is in the process of building a “so-called” Layer 2 for a public network. The lender hopes the project will clear regulatory challenges faced by financial firms trying to incorporate public blockchains into their operations. Last month Deutsche Bank released a test version of Project Dama 2, which includes a Layer…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. myDid transforms digital identity management with a secure, decentralized platform that prioritizes user control and privacy. In a world where digital identities play a crucial role, managing them securely and independently remains a major challenge. Centralized solutions expose users to risks such as data breaches and loss of control over personal information. myDid, a decentralized application and web studio, offers a smart solution that prioritizes user security and autonomy. The myDid application myDid is a decentralized application that enables…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin hits $106k, Cardano eyes $5, while Yeti Ouro raises $1.2m, positioning itself as the next breakout altcoin in the P2E market. Bitcoin has hit a remarkable milestone, crossing $106,000 and setting a new benchmark for the crypto market. This surge is fueled by institutional demand and positive investor sentiment. Meanwhile, Cardano (ADA) aims for $5 as it gains momentum heading into the new year. Yet, another rising contender, Yeti Ouro (YETIO), has turned heads by raising $1.2 million…
BVNK, a stablecoin infrastructure platform founded in 2021, has announced it raised $50 million in its Series B funding round. The platform plans to use the funding to drive the next phase of its business growth, it said in a blog post on Dec. 17. The funding is crucial to its mission to expand stablecoin payments. The $50 million Series B follows BVNK’s $40 million Series A funding round, which took place in May 2022 and was led by venture capital firm Tiger Global. Notably, BVNK had announced plans to raise $50 million in a new funding round in November…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Analyzing three altcoins to buy in the US before Trump’s inauguration. Now that Trump has been elected as the next US president, savvy investors in the US are on a quest to find the best altcoins to buy in this period of economic and political anticipation. As US investors and traders anticipate Trump’s inauguration, there has been a keen interest in altcoins with real-world use cases and disruptive technologies. Top crypto insiders also believe this is the perfect time…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As ETH and ADA eye breakouts, XYZ emerges as a dark horse with high potential. As the crypto market reaches new peaks, major altcoins signal the potential for significant gains, echoing past bull runs. Ethereum (ETH) and Cardano (ADA) show strong momentum, capturing the attention of enthusiasts. Amidst these developments, an unexpected player emerges, intriguing investors with its unique approach. XYZVerse (XYZ) is an all-sport meme coin on a mission to unite fans across various sports within its ecosystem.…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Shiba Inu targets 150% price growth but all eyes are on Solana-powered token Catzilla for its projected 1000x return by 2025. The cryptocurrency market thrives on innovation, and while Shiba Inu (SHIB) is making waves with predictions of a 150% price surge, a new contender on the Solana blockchain is stirring even greater excitement. This rising star, armed with bold ambitions and community-driven momentum, is projected to deliver 1000x returns by 2025. Catzilla: The meme coin with real purpose…