Day: 30 September 2024

XRP has experienced a surge in the past few days, reaching a high not seen since March, despite ongoing worries about a possible U.S. Securities Exchange Commission (SEC) appeal set for October 7, 2024. Over the weekend, the price of XRP surged from $0.59 on Friday to a peak of ...

Japan is set to reevaluate its cryptocurrency regulations, potentially leading to reduced taxes and enabling domestic funds to invest in crypto, according to Bloomberg. Bloomberg reportedly spoke to an official from the country’s top financial regulator, the Financial Services Agency (FSA). In the coming months, the FSA will evaluate whether ...

Taiwan's Financial Supervisory Commission (FSC) has approved professional investors to utilize local brokers to access foreign crypto exchange-traded funds, according to a press release on September 30, 2024. The latest policy revision allows professional investors to invest in foreign virtual asset ETFs by delegating their investment decisions or management to ...

Binance has announced its support for Orion Protocol's transition to the liquid Layer 2 blockchain, Lumia, through a network upgrade scheduled to be held in October.  In a press release on September 30, the crypto exchange stated that it will cease all deposits and withdrawals of the protocol’s native token, ...

Vinyl Group, an Australian music tech company, has announced its acquisition of London-based Web3 startup Serenade.  The acquisition will enable the Group to fully acquire Serenade’s assets, including 100% ownership of its UK subsidiary, as part of its strategy to strengthen its position in the digital collectibles market.  As part ...

The Ethena Labs community is set to vote on a proposal to integrate Ethereal, a decentralised exchange on the Ethena Network, into its reserve management system. The move aims to boost the "utility and demand" for USDe, Ethena Labs' synthetic stablecoin. A proposal submitted by "Fells0x" on September 30 seeks ...

Jesse Walden, managing partner at Variant Fund, has predicted that the original "cypherpunk" principles guiding early smart contract platforms will likely diminish over the next decade as institutional adoption emphasises speed and regulatory compliance.  In a blog post dated September 30, Walden reflected on how the first era of blockchain ...

Matrixport, an all-in-one crypto financial services platform, has completed the full-cash acquisition of Crypto Finance Asset Management AG (CFAM), a licensed Swiss crypto asset manager formerly owned by the Deutsche Börse Group’s Crypto Finance Group (CFG). Following the acquisition, CFAM has been rebranded as Matrixport Asset Management (MAM). The newly ...

Chainlink whales are making a bold move, shifting $80 million of their holdings in ETFSwap (ETFS), the Ethereum token that’s capturing market attention. With its final ICO phase underway, this innovative altcoin is drawing investors eager to cash in before its anticipated surge. The whales’ strategic shift into ETFSwap (ETFS) ...