Robinhood is making a big move to expand its crypto offerings by acquiring Bitstamp, a global crypto exchange. Global Expansion Robinhood’s purchase of Bitstamp will allow it to reach customers outside the US. Bitstamp has offices and licenses worldwide, providing Robinhood with a foothold in new markets. Institutional Focus Bitstamp’s institutional offerings, such as lending…
Shibarium: Enhancing Scalability and Efficiency Shibarium, Shiba Inu’s layer-2 blockchain, has significantly improved the project’s scalability and transaction speed. Launched in 2023, it has attracted millions of users and reduced gas fees, addressing a major pain point for Ethereum users. SHIBdentity: Empowering Digital Identity SHIBdentity aims to revolutionize digital identity by providing users with control…
Vitalik Buterin, co-founder of Ethereum, has blasted the recent trend of celebrities endorsing memecoins. He criticized these projects for failing to provide any real value or substance. Celebrity Crypto Ventures Buterin specifically mentioned Caitlyn Jenner’s JENNER token and Iggy Azalea’s MOTHER token as examples of projects that have failed to live up to expectations. Both…
VanEck, an investment firm, has recently revised its Ethereum (ETH) price prediction to $22,000 by 2030. This is a significant increase from their previous forecast of $11,800. Factors Driving the Price Increase VanEck attributes the revised prediction to several factors: Spot Ethereum ETFs: The anticipated launch of Spot Ethereum ETFs could attract financial advisors and…
The Rise and Fall of Celebrity-Backed Tokens The cryptocurrency market has seen a surge in celebrity-backed meme coins, such as JENNER, RICH, and BANDO. Fueled by the meme coin craze and celebrity endorsements, these tokens initially experienced a surge in trading activity. However, their value quickly plummeted, with some losing up to 90% within days…
BNB (Binance Coin) Crypto analyst Altcoin Sherpa believes BNB, the native token of the BNB Chain, is poised to hit new all-time highs (ATHs). He notes its strong market structure and predicts it will soon break above its current trading range of $621.50. Bittensor (TAO) Sherpa is bullish on TAO, a blockchain platform focused on…
Coinbase, the top crypto exchange in the US, has unveiled a new smart wallet platform that aims to make using blockchain easier than ever. Gasless Transactions One of the key features of the new smart wallets is that they eliminate network fees, known as “gas.” This means users can send and receive cryptocurrencies without paying…
Solana co-founder Anatoly Yakovenko believes Ethereum’s complexity is highlighting Solana’s mission of building an ultra-fast blockchain. Focus on Building Yakovenko emphasized that his focus is on creating a chain that runs as quickly as possible, regardless of network effects or total value locked. He believes that the more layer-2 solutions and networks exist, the easier…
Volume Drop In May 2024, trading volume on centralized crypto exchanges fell significantly to $5.27 trillion, a 20.1% decrease from April. This decline affected both spot and derivatives markets, with spot trading dropping by 21.6% and derivatives by 19.4%. Institutional Interest Despite the overall decline, derivatives trading gained market share due to the SEC’s approval…
Binance, the cryptocurrency exchange, is fighting to dismiss part of a $13 billion lawsuit filed in London. BSV Delisting Controversy The lawsuit claims that Binance and other exchanges conspired to remove the Bitcoin Satoshi Vision (BSV) cryptocurrency from their platforms in 2019. This alleged “anti-competitive behavior” is said to have caused BSV’s value to plummet….
