Canadian police made history with their largest-ever cryptocurrency seizure, netting over $40 million USD (about $56 million CAD). This massive operation targeted the TradeOgre cryptocurrency exchange. Taking Down TradeOgre The Royal Canadian Mounted Police (RCMP) seized servers in Quebec that powered TradeOgre’s operations. This effectively shut down the exchange’s Canadian infrastructure. Sgt. Mathieu Lagarde explained…
Cardano (ADA) is having a moment. Its price is nearing $1, and excitement is building. This renewed bullishness has investors piling into the cryptocurrency. Trading Volume Explodes Cardano’s trading volume recently skyrocketed to over $2.5 billion in a single day! This massive surge in activity shows strong investor interest and confidence in Cardano’s future. It’s…
SWIFT, a major player in international payments, recently announced some big changes. They’re adopting the ISO 20022 standard and bringing in blockchain tech. This is significant because SWIFT and Ripple are competitors in the global payments arena. SWIFT’s Strategy: Interoperability, Not Competition A SWIFT executive explained their plans: they’re focusing on making their system work…
The launch of the REX-Osprey XRP ETF ($XRPR) on the Cboe BZX Exchange was a huge success, exceeding all expectations. XRPR’s Explosive Debut The ETF’s first day saw a record-breaking $37.75 million in trading volume—a staggering 37 times higher than the average for crypto ETFs. This shows massive investor interest in XRP. While $XRPR isn’t…
Charles Hoskinson, the founder of Cardano, recently revealed some behind-the-scenes plans to bring XRP and Ripple USD closer to the Cardano ecosystem. He discussed this during a public online session. A Multi-pronged Approach Hoskinson explained that the plan involves several initiatives, not just a single partnership. They’ve been in talks with various people and projects…
South Korea is getting ready for big changes in its crypto regulations, and a major player just made a move. BDACS, a digital asset custodian, teamed up with Woori Bank (one of the country’s biggest banks) to launch KRW1, the first stablecoin pegged to the South Korean Won (KRW). It’s running on the Avalanche blockchain….
The world of stablecoins is getting more attention from regulators. Let’s look at what’s happening in Italy and Australia. Italy Wants Global Stablecoin Rules A top Bank of Italy official wants clear, consistent rules for stablecoins. Deputy Governor Chiara Scotti says this is crucial as stablecoins become more mainstream. She’s particularly worried about stablecoins issued…
Cryptocurrency futures markets have been showing some interesting trends lately. While some coins are seeing a decrease in activity, others are heating up. Let’s break it down. Bitcoin and Solana Cool Off Bitcoin and Solana have seen a drop in “open interest” – basically, the total number of outstanding futures contracts. This means fewer people…
Avalanche (AVAX) is making big moves in Asia, particularly in South Korea and Japan, thanks to new stablecoin payment systems. Korean Won Stablecoin Takes Off South Korea’s first won-backed stablecoin, KRW1, is now in its pilot phase after a successful test. This stablecoin, backed by deposits at Woori Bank, puts Avalanche at the forefront of…
Dogecoin (DOGE) has been on a rollercoaster lately, leading big investors (“whales”) to look for new ways to diversify their portfolios. Dogecoin’s Price Action Dogecoin, initially just a fun project, is now the seventh-largest meme coin. It recently hit a three-year high of $0.43 before a slight correction. Currently trading around $0.3832, it’s down slightly…
