Bitcoin Well Inc., a non-custodial bitcoin platform, has announced the integration of the Lightning Network into its platform, enabling customers in Canada to instantly sell bitcoin from any personal Lightning Wallet. Bitcoin Well’s founder & CEO, Adam O’Brien, stated that this innovation enhances the speed, security, and cost-effectiveness of selling bitcoin, making it more user-friendly […] Original
The South African Reserve Bank has reportedly decided not to unveil the findings of the initial phase of its central bank digital currency feasibility study. Instead, the central bank said it is currently focused on the second phase of the study and will release a report once it is satisfied with the progress made in […] Source CryptoX Portal
Ouinex, a blockchain firm led by FX industry veteran Ilies Larbi, announced today (Wednesday) its partnership with United Fintech-backed Netdania to launch a cryptocurrency trading platform. Enhancing Crypto Exchange’s Capability According to the press release shared with Finance Magnates, Netdania will provide the interface for the cryptocurrency exchange, while Ouinex will strengthen it with its backend technology. “Our partnership with Netdania reflects Ouinex’s dedication to innovating secure trading solutions in the cryptocurrency sector,” Larbi, Co-founder and CEO of Ouinex, said. “The platform will transform expectations regarding functionality and security in…
The crypto market cap is now at $2.57 trillion after ranging between $2.17 trillion and $2.7 trillion since March. Many macroeconomic factors are at play here. So why are crypto prices rising? Why are crypto prices rising? The crypto market cap, the sum total of value in the market, has been hitting a range not seen since late 2021 over the last few months. Today, Bitcoin (BTC) is trading at around $68,390 after rising 7% in the last week. This marks a 312% increase since the lows seen in 2022…
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…
Nomura, a global financial services group, Laser Digital, a digital asset-based business, and GMO Internet, the parent company of stablecoin issuer GMO-Z, have partnered to explore the issuance of U.S. dollar and yen based stablecoins in Japan. The partnership also contemplates the development of a platform to offer stablecoin issuance services to other companies. Nomura, […] Source CryptoX Portal
In an interview on Monday, U.S. Representative French Hill emphasized legislative efforts to enable the private sector to lead the development of a dollar-backed payment stablecoin and predicted quicker market entry for spot Ethereum ETFs compared to Bitcoin ETFs. U.S. Representative French Hill, chair of the subcommittee on digital assets, discussed future stablecoin-related policy in the United States during a CNBC “Squawkbox” interview. “We are still working on a payments stablecoin bill that will let the private sector here lead… on a dollar-backed payment stablecoin,” Hill said. Hill mentioned that…
A federal jury in Salt Lake City convicted Oluwole Adegboruwa and Enrique Isong, foreign nationals, of multiple drug-related charges. From 2016 to 2019, they generated over $8 million in cryptocurrency, including bitcoin and ethereum. Adegboruwa operated under the names “King Odua” and “Alagbada726,” converting cryptocurrencies to traditional currency. Sentencing is scheduled for August. The jury […] Source CryptoX Portal
As a recent Messari report outlined, the XRP Ledger (XRPL) showcased notable progress during the first quarter of 2024. The decentralized public blockchain, which facilitates the transfer of XRP, fiat currencies, and other digital assets, has demonstrated substantial activity. XRP Ledger Burn Rate Slows Amid Low Fees During Q1 2024, XRP, the native token of the XRPL, secured its position as the sixth largest cryptocurrency by market capitalization, reaching $34.1 billion (currently $29M). Despite a slight price decrease, XRP’s circulating market cap witnessed a 1.3% growth quarter-over-quarter (QoQ). Related Reading…
Cardano (ADA) corrected gains and tested the $0.4520 support zone. ADA must stay above the $0.450 support to start a fresh upward move. ADA price is struggling to gain bullish momentum above the $0.4750 zone. The price is trading below $0.460 and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $0.4570 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could gain bullish momentum if there is a close above $0.4620. Cardano Price Tests Support…