The Monetary Authority of Singapore (MAS) is ambitiously expanding its Global Layer One (GL1) blockchain project, intending to establish a core blockchain infrastructure for various financial applications. Initially collaborating with five major banks—BNY Mellon, Citi, J.P. Morgan, MUFG, and Societe Generale-FORGE—MAS has now welcomed HSBC and Euroclear into the initiative, underscoring its commitment to transforming the financial sector with this
The holiday season is a time of joy and giving, but it can also bring financial stress that looms over the festivities. With the rising popularity of Buy Now, Pay Later (BNPL) schemes, many shoppers are turning to this payment option to spread the cost of their holiday purchases over a period of time. While this method offers the allure
The cryptocurrency market is gearing up for a significant event this November, with $2.6 billion worth of crypto tokens set to be unlocked from various major projects. This influx of tokens is expected to impact market dynamics, investor sentiment, and the overall liquidity of the crypto ecosystem. Token Unlock Calendar Arbitrum, Optimism, and Avalanche November will see substantial token releases
In October 2024, Solana achieved a remarkable milestone of over 120 million active addresses, signifying a 42% increase from the previous month. This rapid expansion highlights Solana’s significant competitive advantage in user activity and transaction efficiency over Ethereum. The surge is primarily driven by meme coin trading, with platforms like Pump.fun and Raydium playing pivotal roles by facilitating substantial volumes
On November 3, the X (formerly Twitter) account of renowned rapper Wiz Khalifa was hacked, causing a significant stir among his substantial following of 35.7 million users. The hack led to the promotion of a fraudulent meme coin, $WIZ, claiming Khalifa’s involvement in the launch. The hackers impersonated Khalifa and announced that he and his team had developed the token
A significant milestone in bridging blockchain technology with traditional payment systems has been achieved through a successful pilot program executed by Swift, UBS Asset Management, and Chainlink. The initiative demonstrates the potential to streamline inefficient processes within the subscription and redemption of mutual funds—a sector that has traditionally been beset by manual interventions, delayed settlements, and limited real-time transparency. These
The recent announcement of OSL Group acquiring a controlling stake in CoinBest, a regulated cryptocurrency exchange in Japan, has garnered significant attention in the financial world. With this strategic move, the Hong Kong-listed financial services powerhouse has signaled its intent to make a considerable entry into the well-regulated and mature digital asset market of Japan. By acquiring 81.38% of CoinBest
The rapidly growing sector of decentralized finance (DeFi) leverages blockchain technology to offer a variety of financial services, such as lending, borrowing, and trading, with the promise of high returns and innovation. However, as enticing as these opportunities may seem, they come with several critical risks that investors must be aware of. Understanding these risks is crucial for anyone looking
Catizen recently revealed the advent of RoOLZ as the second project on its dedicated launchpool platform. This marks a significant milestone for the expanding platform, as it continues to diversify and enhance its offerings for its user base. To participate, users must stake their CATI tokens and digital Cats to earn GODL in return. RoOLZ merges the burgeoning Anime market
Ethereum stands as a pivotal entity in the cryptocurrency landscape, prized for its sophisticated smart contract features and dynamic decentralized application (dApp) ecosystem. Given the recent volatility in the crypto market, investors and analysts have been particularly keen to identify whether Ethereum can reasonably ascend to the $3,000 mark. This analysis delves into the technical indicators, market sentiment, and external
Bitcoin, the largest cryptocurrency by market capitalization, has been a focal point of financial discussions, especially with its current price hovering around $68,500. The question on many investors’ minds is whether Bitcoin can reach the $100,000 mark by 2025. This article delves into various factors influencing Bitcoin’s price dynamics, exploring the likelihood of achieving this ambitious target. Technical Indicators and
Satoshi Nakamoto, the elusive figure who created Bitcoin and pioneered blockchain technology, remains one of the most intriguing enigmas in the world of cryptocurrency. Nakamoto’s groundbreaking work, most notably the publication of the Bitcoin white paper in 2008, introduced the concept of a decentralized digital currency and set the foundation for the blockchain technology that has revolutionized various industries. Despite
