DeFiance Founder Questions, Why Projects and Market Makers Collude to Fix the Crypto Market?
In the last 24 hours, the crypto market has seen prices remain neutral. Although Bitcoin has raised itself to the $85K level, the altcoin sector is also reflecting modest positive altercations. On the other hand, several whales began dumping Ethereum over the past week, specifically in the past day. This
MultiBank, MAG, and Mavryk Sign Record $3B Deal for Real Estate Tokenisation
Landmark agreement brings ultra-luxury Dubai properties to blockchain investors worldwide In a groundbreaking development for blockchain-based finance, Dubai’s MultiBank Group has signed a $3 billion real-world asset (RWA) tokenisation agreement with UAE-based real estate giant MAG and blockchain provider Mavryk. The deal, the largest of its kind globally, will see
Morgan Stanley to Launch Crypto Trading for E*Trade Clients Amid Regulatory Shift
Major US bank’s move could reshape competition in digital asset space Morgan Stanley is planning to introduce cryptocurrency trading for clients of its E*Trade platform, marking the most significant move by a major US bank to offer everyday investors direct access to digital assets. The project is in its early
Goldman Sachs Executive Champions Stablecoin Regulation at TOKEN2049
Mathew McDermott outlines why regulatory clarity is key to unlocking institutional capital in crypto. At TOKEN2049 in Dubai, Mathew McDermott, Goldman Sachs’ Head of Digital Assets, stressed that crypto’s next phase of growth hinges on regulatory clarity. Speaking during a fireside chat, McDermott emphasised that for the market to truly
Revolut’s Crypto Gamble Pays Off with Record Profits
Fintechs like Revolut and Robinhood outpace crypto-native platforms as mainstream crypto trading gains momentum. Revolut has posted a record-breaking $1.5 billion profit for 2024, marking the first time the UK-based neobank has crossed the billion-dollar threshold in annual earnings. A significant contributor to this milestone was its booming wealth division,
Brazil Jails Crypto Ponzi Leaders for 171 Years in $190M Fraud
Braiscompany founders sentenced after defrauding 20,000 investors in one of Brazil’s largest-ever crypto scams. A Brazilian federal court has sentenced three top executives of Braiscompany, a fraudulent crypto investment platform, to a combined 171 years in prison. The scheme, which misled nearly 20,000 investors, raised over $190 million (R$1.11 billion)
Bybit Winds Down Web3 Services Following $1.4 Billion Hack
Crypto exchange Bybit to discontinue multiple Web3 services, including its NFT marketplace and wallets, by end of May Bybit has announced a significant shift in its business strategy, revealing plans to shut down most of its Web3 services, including various wallets and NFT platforms. This move comes shortly after the
BNB Burns $900M in Tokens — But Price Stays Flat
BNB Chain has just completed its 31st quarterly token burn, destroying over $900 million worth of BNB tokens. Despite the massive burn, the market reaction was underwhelming, with the token’s price barely moving. $916 Million Burn, Minimal Price Reaction On April 16, BNB Chain burned 1.57 million BNB tokens, valued
Bitcoin Traders Split on Breakout Potential as Price Nears $87K
Bitcoin’s price continues its upward push, nearing fresh April highs, but mixed sentiment among traders suggests uncertainty about the longevity of the rally. Bitcoin Eyes $87K Amid Resistance Bitcoin (BTC) hovered around $84,775 on April 15 as it attempted to break through the $86,000 mark during the Wall Street open.
Only 11% of Registered Bitcoin Firms Operational in El Salvador
Majority of Bitcoin Service Providers Fail to Meet Legal Standards Only 20 out of 181 Bitcoin service providers registered with El Salvador’s central bank are currently operational, according to newly released data from the Central Reserve Bank of El Salvador. This means that just 11% of all registered providers have
