Day: September 11, 2023

Stellar Spikes 8% In Last Week, What’s Driving XLM’s Price?

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All eyes are on Stellar (XLM) as it breaches the $0.12 resistance despite the massive onslaught in the crypto market. The token managed to hold its past week’s gains while Bitcoin and other top coins maintained consistent bearish momentum.  Stellar’s current price reflects the growing demand and interest in its payment solution, which is a plausible reason behind its strength. Moreover, excitement is high among XLM investors as the Stellar network prepares for a game-chaining announcement on Tuesday.  XLM Soars Amid Heightened Speculation In The Stellar Ecosystem XLM has been…

Arm Mulls Raising IPO Price Range amid Strong Investor Interest

Arm has successfully secured a lineup of cornerstone investors for its IPO, including some of the biggest names in the tech industry. Arm Holdings Ltd., the renowned chip designer owned by SoftBank Group Corp (TYO: 9984) is reportedly contemplating raising the price range of its highly anticipated Initial Public Offering (IPO). This move comes after meetings with potential investors revealed overwhelming interest in what is poised to become the world’s largest listing of the year. Arm Exploring IPO Price Options When Arm first filed for its IPO, it set an…

Ripple Rescues Fortress Trust Customers in Potential Acquisition Deal

Ripple, an investor in Fortress, has stepped in to compensate Fortress customers for any incurred losses as part of the acquisition process. Ongoing discussions surround the potential acquisition of Fortress by Ripple, a cryptocurrency payment network. This unexpected development follows security issues faced by Fortress due to the compromise of a third-party vendor’s cloud tools. While the extent of the crypto loss remains unclear, it raises concerns about the security of clients’ investments. Ripple, an investor in Fortress, has stepped in to compensate Fortress customers for any incurred losses as…

France Launches Certificate Training Program for Finfluencers

AMF Chair Marie-Anne Barbat-Layani noted that the financial sector is highly regulated, and investment communications must be law-compliant, clear, and balanced. Two regulators in France, The Autorité des Marchés Financiers (AMF) and the Autorité de Régulation Professionnelle de la Publicité (ARPP), have jointly set up a training module for finfluencers. Previously, the two bodies created the Responsible Influence Certificate in 2021. Since its launch, nearly 1,000 influencers have received the certificate after completing the general training course on best practices in influencer marketing. In addition to the general certificate, influencers…

Binance’s Richard Teng denies FTX comparisons: ‘We welcome the scrutiny’

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Binance regional markets head Richard Teng insists that the global cryptocurrency exchange is financially secure and in no way similar to bankrupt peer FTX despite recent regulatory scrutiny and regional challenges. Speaking exclusively to Magazine editor Andrew Fenton in Singapore ahead of the 2023 Token2049 conference, Teng addressed a variety of different challenges being faced by Binance’s regional arms as well as playing down reports that he is being groomed to take the reigns from founder Changpeng “CZ” Zhao in the future. Binance head of regional markets Richard Teng speaking…

India working on 5-point crypto legislation as ban is ruled out

India is working on a crypto regulatory framework based on the joint recommendations of the International Monetary Fund (IMF) and the Financial Stability Board (FSB) that could result in legal legislation in the next 5-6 months. Siddharth Sogani, the CEO of CREBACO that has worked with government agencies and ministries, told Cointelegraph that the Indian government is working on a five-point crypto legislature with a global approach. India recently concluded the G20 summit on a high with several key economic announcements, however, the most notable decision for the crypto community…

Shiba Inu Community Sounds Warning Alarm As Scammers Siege Shibarium

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In a recent development, the Shiba Inu community has warned of a “scam” project that may be responsible for some of the FUD attacks that have plagued the Shibarium network since it launched on August 16.  Shibarium Admin Warns Of Scam Project In a tweet on the X (formerly Twitter) platform, a member of the Shibarium tech team (known as Digarch) shared a screenshot of the admin warning of a scam project set to be deployed on the layer-2 network. According to the Shibarium tech admin named DaVinci, “Pawswap” is…

Could AI Hold the Key to Help Revolutionize Cryptocurrency Trading?

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Widespread consumer and organizational adoption of Artificial Intelligence (AI) has caused quite public and now more recently, governmental outcry to pause further development of AI-based models and tools, as experts warn of the potential danger these technologies can hold for humanity. Since the public launch of OpenAI’s ChatGPT onto the consumer landscape in November last year, machine learning technologies and language processing models have skyrocketed in popularity, finding a place in nearly every economic sector. Now, as organizations find themselves at the brink of the AI revolution, using digital systems…

Coinbase (COIN) Exchange Still Inactive in India, While Wallet and Tech Hub Remains Active

“We stopped allowing new user sign-ups on our exchange product in India back in June of this year,” a Coinbase spokesperson told CoinDesk. “We maintain a robust tech hub in the country and offer live products, including our Coinbase Wallet. We are committed to India over the long term and continue to explore ways to strengthen our presence in this important market.” Source