Bitcoin enthusiasts and investors are abuzz with optimism as predictions surge about the cryptocurrency potentially hitting the remarkable $90,000 mark by the end of the year. This ambitious projection is supported by several compelling factors, including increasing institutional interest, market momentum, and recent developments in crypto stocks. Over recent weeks, Bitcoin has experienced notable fluctuations, yet the dynamic market landscape
In a groundbreaking development for financial markets, Banco Santander, Lloyds Banking Group, and UBS have successfully completed the first uncleared bilateral margin payments using a digital representation of central bank funds on the Sterling Fnality Payment System (£FnPS). This pivotal event underscores the potential of Distributed Ledger Technology (DLT) in revolutionizing how inter-bank transactions are managed and settled. The pilot
Gelato, a trailblazing network dedicated to smart contract automation, has successfully secured $11 million in a Series A+ funding round. This significant achievement, spearheaded by Hack VC and supported by key investors, including Animoca Brands, IOSG Ventures, and Bloccelerate VC, pushes Gelato’s total funding to a notable $23 million. This new infusion of capital is poised to scale Gelato’s state-of-the-art
In a strategic move targeting the financially elite, Binance, the world’s leading cryptocurrency exchange by trading volume, has launched a new service called Binance Wealth. Unveiled on October 29, 2024, Binance Wealth aims to provide high-net-worth individuals (HNWIs) with unparalleled access to a comprehensive range of digital assets. This elite service, managed by dedicated private client managers, is designed to
As the US presidential election on November 5, 2024, draws near, seasoned investors are devising strategic methods to protect their portfolios from potential market turbulence. Arthur Hayes, co-founder of BitMEX and Chief Investment Officer at Maelstrom, stands out among them with his meticulous approach to mitigating these risks. Hayes is leveraging the USDe stablecoin developed by Ethena Labs to guard
In recent weeks, the XRP Ledger Automated Market Maker (AMM) protocol developed by Ripple Labs has experienced a transformative surge in transaction volumes, significantly impacting the decentralized trading landscape. This impressive increase in activity has stirred the cryptocurrency community, with experts pinpointing the unique qualities of XRPL AMM that facilitate decentralized, permissionless trading and offer new liquidity opportunities. Within a
Network International, a key player in digital commerce in the Middle East and Africa (MEA), has entered a strategic partnership with Ant International, a globally renowned digital payment and fintech provider. This collaboration is marked by a Memorandum of Understanding and aims to offer innovative payment solutions, fostering digital transformation and financial inclusion in the MEA region. The partnership was
Cross-border payments have long been a complex and expensive ordeal. Traditional banking systems, while trusted, often come with high fees, long processing times, and a lack of transparency. The advent of digital ledgers, blockchain technology, and artificial intelligence (AI) promises a transformation in the way these international transactions are conducted. Combining these technologies creates a more seamless, secure, and cost-effective
Libertex, a leading name in the online trading industry, has recently launched new crypto Contracts for Difference (CFDs) based on the Hamster Kombat (HMSTR) token. The HMSTR token first made its appearance on The Open Network (TON) in March 2024 and has since gained significant traction within the crypto community. Its popularity soared even higher after being listed on several
On October 28, an extensive international law enforcement operation successfully targeted and disrupted the infrastructure behind two notorious pieces of malware, known as the Redline and Meta infostealers, which cybercriminal groups extensively use to pilfer sensitive personal data. These malicious tools are responsible for stealing usernames, passwords, addresses, email addresses, phone numbers, cryptocurrency wallets, and cookies from thousands of devices
With the highly anticipated Binance Blockchain Week Dubai 2024 set to occur at the Coca-Cola Arena from October 30 to 31, 2024, the crypto world is abuzz with excitement. Organizers promise that this will be the largest cryptocurrency event ever hosted by Binance, the leading cryptocurrency ecosystem. The event, arranged by New Zealand-based Darkhorse and event agency GPJ, aims to
Dubai’s real estate market is witnessing a significant transformation with the advent of VeriEstate, an innovative platform founded by Rajab Ali Virani. Addressing common issues faced by property buyers in Dubai, such as unexpected problems with HVAC (Heating, Ventilation, and Air Conditioning) and MEP (Mechanical, Electrical, and Plumbing) systems, VeriEstate integrates advanced technologies to streamline the real estate process and
