XRPL Transaction Surge: Here Are The Key Factors Driving The 108% Increase in Q1 2024

In the first quarter of 2024, the XRP Ledger recorded 251.39 million on-chain transactions(XRPL), an increase of 108% compared to the previous quarter. According to a report published on May 17, a total of 251.39 million transactions took place on…

Bitcoin ETF Adoption by Hedge Funds and Banks Grows

In recent years, the cryptocurrency market has witnessed a significant development with the introduction of Bitcoin exchange-traded funds (ETFs). This development, known as Bitcoin ETF Adoption, has had a profound impact on the financial landscape. While retail investors have been…

Major Financial Firms Invest $3.5 Billion in Bitcoin ETFs

Over the past week, the financial world has been buzzing with news of major investments in spot Bitcoin exchange-traded funds (ETFs) by prominent investment firms. According to the 13F filings submitted to the United States Securities and Exchange Commission (SEC),…

BlackRock Monolith Management Holds 24 Million in Bitcoin ETF

According to a recent filing with the Securities and Exchange Commission (SEC), Monolith Management, an investment firm founded by former Sequoia China executive Cao Xi, has disclosed its ownership of over $24 million worth of BlackRock spot bitcoin exchange-traded fund…

JPMorgan Chase Reveals Holdings in Spot Bitcoin ETFs Through SEC Filing, in spite its CEO Jamie’s critic on Bitcoin

In a recent filing with the Securities and Exchange Commission (SEC), JPMorgan Chase, the largest bank in America, has disclosed its exposure to spot Bitcoin Exchange-Traded Funds (ETFs). This revelation provides specific insights into the bank’s holdings of spot Bitcoin…

Coinbase Sued for Securities Violations and Illegal Business Practices

Coinbase faces a class-action lawsuit alleging securities violations and an illegal business model. The lawsuit claims that Coinbase knowingly violated state securities laws through its digital asset sales. Tokens targeted in the lawsuit include Solana, Polygon, Near Protocol, Decentraland, Algorand,…

Robinhood Posts $157 Million Profit Amid Crypto Surge and SEC Scrutiny

Robinhood Markets Inc., a prominent financial services company, has recently reported its second consecutive quarterly profit, benefiting from higher interest rates and the surging popularity of cryptocurrency trading. This article explores the factors contributing to Robinhood’s financial success while highlighting…

Deutsche Bank Reveals 14% Currency Peg Survival Rate Signals Stablecoin Risks

In a study recently conducted by analysts at Deutsche Bank Research, a comprehensive analysis of 334 currency pegs since the year 1800 has revealed a startling truth: only 14% of these pegs have managed to survive the test of time.…

Revolut British banking app Launches UK Crypto Exchange Revolut X with Over 100 Tokens

Revolut Ltd., the renowned British banking app, has taken a bold step forward in the digital-assets space with the launch of its new UK crypto exchange, Revolut X. This move comes as prices in the crypto market have shown a…

Visa and Allium Labs Report Indicates Over 90% of Stablecoin Transactions May Not Involve Real Users

Stablecoins, a type of cryptocurrency pegged to an underlying asset like the U.S. dollar, have garnered significant attention in recent years. Proponents argue that stablecoins have the potential to revolutionize the payments industry, offering fast, low-cost transactions. However, a new…