BlackRock, a massive investment firm with over $10 trillion in assets, has invested $47 million in Securitize, a major player in the tokenization industry. BlackRock’s Tokenization Strategy This investment aligns with BlackRock’s belief in the transformative power of tokenization in capital markets. The company has created its own tokenized fund, BUIDL, which operates on the…
Coinbase, the leading US cryptocurrency exchange, has announced plans to add QCAD, a stablecoin pegged to the Canadian dollar, to its platform. QCAD Relaunched QCAD was relaunched last year by Stablecorp, a digital asset company, with a promise to maintain reserves equal to the amount of QCAD in circulation. It is available on Ethereum, Stellar,…
Crypto analyst Altcoin Sherpa predicts a potential rally for Solana (SOL) after a market correction. He believes SOL could retest $120 before surging to over $500 later this year. Solana’s Potential Rally Sherpa believes SOL’s potential rally is based on the assumption that the altcoin market will continue to bleed. He advises investors to dollar-cost…
A recent surge in large Cardano (ADA) transactions suggests the cryptocurrency could be poised for a price reversal, according to crypto analytics firm Santiment. Whale Activity On Monday, the number of Cardano whale transactions exceeding $100,000 hit its highest level since November. Historically, such spikes have been associated with potential price reversals. Market Performance Despite…
Long-Term Growth Potential Macroeconomist Lyn Alden believes Bitcoin’s rise to prominence will take more than a decade. She emphasizes that technological advancements like Bitcoin often take time to disrupt existing systems. Underestimating Bitcoin’s Impact Alden highlights that people tend to underestimate the long-term impact of Bitcoin on the financial world. She believes it will gradually…
Hoskinson and Schwartz Clash Cardano founder Charles Hoskinson and Ripple CTO David Schwartz are embroiled in a heated debate over Ripple’s regulatory challenges and allegations surrounding the “ETH Gate.” ETH Gate Allegations Hoskinson has dismissed rumors that the Ethereum community influenced the SEC’s decision to target XRP. However, Schwartz has raised concerns about a potential…
Prison Sentence Changpeng Zhao (CZ), the former CEO of Binance, was sentenced to four months in prison for enabling money laundering on his crypto exchange. This was less than the three years requested by prosecutors. CZ’s Response CZ expressed gratitude for the support he received and emphasized the importance of compliance in the evolving crypto…
Deaton’s Critique John Deaton, a prominent XRP lawyer, has accused SEC Chairman Gary Gensler of misleading Congress and fostering a culture of deceit at the agency. Deaton’s allegations stem from statements made by House Financial Services Committee Chairman Patrick McHenry, who asserted that Gensler had misled Congress about the regulatory status of Ether. Deaton claims…
Why Vitalik Buterin Doesn’t Use Hardware Wallets Ethereum founder Vitalik Buterin has raised concerns about the reliance on hardware wallets for crypto security. He believes that hardware wallets can introduce human error risks, such as losing or forgetting seed phrases. Buterin’s Multisig Approach Buterin prefers to use a multisig configuration, which requires multiple keys to…
Crypto analytics firm Santiment predicts that Ethereum (ETH) and related altcoins could rally sooner than expected. Ethereum’s Low Transaction Fees Santiment highlights Ethereum’s average transaction fee, which has fallen to its lowest level since October 2023. This indicates that Ethereum is potentially forming a bottom. Altcoins Show Signs of Strength Santiment also observes that altcoins…
