The cryptocurrency market has become increasingly focused on transparency and security, especially as projects evolve and mature. A recent example of this shift is the integration of Chainlink’s Proof-of-Reserve (PoR) service with 21Shares’ wrapped Bitcoin product, 21BTC. This integration marks a pivotal moment for the industry, setting new standards for how digital asset reserves can […]
MyTonWallet Adds TRON Support: Expanding Horizons in Digital Finance
MyTonWallet, the wallet application dedicated to The Open Network (TON) blockchain, has recently announced a significant upgrade: support for the Tron network. This addition marks a notable evolution in the platform, providing users with symbiotic access to Tron and TON assets for the first time. As cryptocurrency adoption continues to soar, this multi-chain capability aligns […]
China Tightens Grip on Crypto: Stricter Regulations on the Horizon
China is once again making headlines in the cryptocurrency world, but this time, it’s about much more than just trading volumes. The country is preparing to implement stricter regulations amid its ongoing struggle to control a substantial part of the global cryptocurrency mining landscape. Despite a complete ban on crypto transactions and mining put in […]
Securitize's Cross-Chain Upgrade: A Game Changer in Tokenization
On September 20, 2024, Securitize, a prominent tokenization platform backed by BlackRock, announced a significant collaboration with the Wormhole Foundation. This partnership aims to enhance the cross-chain capabilities of tokenized assets, a development that could reshape the landscape of both traditional and decentralised finance. Central to this agreement is the customization of Wormhole’s messaging protocol […]
Ethereum Faces a Significant Decline Amidst Market Turmoil
Ethereum, once a beacon of innovation in the cryptocurrency landscape, has recently experienced a drastic fall in value, now trading at its lowest price in over two years. As of the latest reports, Ethereum is down approximately 55% from its peak in 2021, with trading values plummeting to approximately $2,300. Notably, against Bitcoin, Ethereum has […]
New Grayscale XRP Trust Could Lead to ETF Approval
Grayscale Investments has launched an innovative investment product—the Grayscale XRP Trust—which is poised to capture the interest of both accredited investors and institutional entities. While this trust is distinct from an exchange-traded fund (ETF), its creation represents a crucial milestone towards the ultimate approval of an XRP ETF by the U.S. Securities and Exchange Commission […]
Chainalysis Report Confirms India's Dominance in Cryptocurrency Usage
India has once again solidified its position as the leader in cryptocurrency adoption, as highlighted in a recent report by Chainalysis. This is particularly remarkable given the ongoing regulatory challenges and considerable trading taxes that have surfaced in the country. With a keen look at the figures from June 2023 to July 2024, it is […]