A new report has indicated that Binance and Crypto.com are losing market share to smaller competitors as decentralized exchanges (DEXs) gain popularity. Binance, the largest cryptocurrency exchange globally, saw a 13% drop in spot trading volume over the past...
Singpore-based Bitcoin miner BitFuFu has announced plans to acquire a majority stake in an 80-megawatt (MW) crypto-mining facility in Ethiopia. According to the firm, this move is expected to help offset the 170% surge in production costs the company...
Ethereum-based Oracle Chainlink has introduced new privacy-preserving technology designed to help financial institutions protect sensitive data during blockchain transactions. On October 22, Chainlink launched two major features aimed at facilitating blockchain adoption in the financial sector while ensuring end-to-end...
Crypto custody platform Komainu is making its first acquisition by purchasing Crypto custody platform Komainu is preparing to acquire its Singapore-based competitor, Propine Holdings Pte Ltd. In a recent interview with Bloomberg, co-CEO Paul Frost-Smith stated that this acquisition...
Northern Data, a Germany-based company specializing in crypto mining and artificial intelligence, announced plans to consider selling its Peak Mining unit to strengthen its position as a dedicated AI solutions provider, with backing from stablecoin issuer Tether. In a...
Payment processing giant Stripe has completed its acquisition of the stablecoin payments platform Bridge for $1.1 billion, according to TechCrunch founder Michael Arrington. Earlier reports indicated that Stripe had been in talks with the Texas-based Bridge platform, which specializes...
Singapore's leading financial institution, DBS Bank, has unveiled a new suite of solutions that incorporates tokenization and smart contract capabilities into its existing banking services. The new product, "DBS Token Services," combines the bank's Ethereum Virtual Machine (EVM)-compatible permissioned...
MicroStrategy CEO Michael Saylor has suggested that tech giant Apple invest $100 billion in Bitcoin rather than pursuing a stock buyback. He argued that such a move would significantly boost Apple's market value and growth potential. Saylor made these...
Payments giant Stripe is reportedly in talks with Texas-based stablecoin payments platform Bridge to enhance its range of cryptocurrency services. According to a recent Bloomberg report, the discussions are still ongoing. However, no official agreement has been reached, and...
The competition in the Wrapped Bitcoin (WBTC) space is intensifying, with major crypto platforms launching their own products to cater to DeFi and institutional users. U.S.-based exchange Kraken has just unveiled its version, kBTC, following Coinbase's recent debut of...
