Month: June 2024

BNB Token Less Than 10% From Record High

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…

Indian Election Result Sends Equity Market Crashing With Uncertain Implications for Crypto Legislation

While Modi’s Bharatiya Janata Party (BJP) and its allies are poised to return to power, they didn’t hit the supermajority mark of 370 plus seats in India’s 543-seat lower house of parliament, which they predicted. In fact, the BJP alone did not hit the halfway mark of 272, which it had comfortably crossed in the 2019 election. The result hands kingmaking power to his allies, and the opposition led by the Indian National Congress could attempt to lure them away. Source

Monex USA Integrates with Payments Exchange from Fiserv for Wire Transfer

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Monex USA, a specialist in global payment, corporate FX, and currency risk hedging services, has announced plans to integrate with Payments Exchange from Fiserv, a global provider of payments and financial technology. Integration for Wire Transfers This collaboration will enable financial institutions using Payments Exchange to directly engage with Monex USA as their foreign exchange partner for international wire transfers. “Monex USA’s integration with Payments Exchange will expand financial institutions’ service offerings for their clients,” said Mike Rockouski, Managing Director of Financial Institutions at Monex USA. “This integration underscores our…

Starkware Aims to Scale Bitcoin Using Zero-Knowledge Technology

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Starkware, known for its work on Ethereum scaling solutions, announced plans to apply its zero-knowledge technology to Bitcoin. The initiative aims to enable mass-use of Bitcoin, targeting scalability that could support global daily transactions. Starkware Announces Plan to Enhance Bitcoin Scalability Using Zero-Knowledge Proofs Blockchain firm Starkware revealed its ambitious strategy to enhance Bitcoin’s scalability […] Original

Bitcoin Gets Massive $500,000 Price Tag From Billionaire, Here’s Why

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Venture capitalist and billionaire investor, Chamath Palihapitiya has predicted that Bitcoin could witness an unprecedented price increase to $500,000. This ambitious forecast hinges on the potential for a bull run following Bitcoin’s fourth halving cycle, which occurred on April 20 2024. Bitcoin To Surge To $500,000 Palihapitiya has entered a notable discussion regarding the impact of historical halving cycles on Bitcoin’s value. The billionaire investor shared a price analysis illustrating Bitcoin’s performance and trend patterns following each halving event. Related Reading According to Palihapitiya, historically, Bitcoin has reached new all-time…

Deutsche Bank and Bitpanda Collaborate Amid Crypto Banking Challenges

Deutsche Bank is collaborating with Bitpanda to manage customer fiat deposits and withdrawals for the Austrian crypto broker. This collaboration addresses the challenges crypto platforms have faced in securing banking partners after the 2023 collapse of key crypto-friendly banks. Deutsche Bank will issue local bank account numbers to Bitpanda users in Germany, facilitating fiat currency […] Source CryptoX Portal

Bitcoin Miner Core Scientific Surges After AI Deal, Report of Over $1B Buyout Offer From CoreWeave

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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…

Polygon Spinoff Avail Raises $43M in Series A Funding

“With this new capital, we are poised to accelerate our development, expand our global presence, and continue to address the most critical challenges facing Web3 today, such as blockchain fragmentation, insufficient data availability, and limited scaling,” Avail co-founder Anurag Arjun said in a press release. Source