crypto

Bitcoin stays confined to 0k–0k band as realized profit and network activity recede

Bitcoin stays confined to $100k–$110k band as realized profit and network activity recede

Bitcoin (BTC) has traded between $100,000 and $110,000 for a seventh consecutive week due to slower profit realization, cooling transfer volume, and a cautious derivatives backdrop, according to a June 26 Glassnode report.  The report cited the market’s struggles to extend May’s all-time high rally, with the 30-day realized profit gauge peaking in early May, […]

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Kraken enters payments with new Krak app enabling seamless global crypto, fiat transfers

Kraken enters payments with new Krak app enabling seamless global crypto, fiat transfers

Cryptocurrency exchange Kraken unveiled Krak, a new mobile payment app that allows users to send digital assets and fiat currencies to recipients in more than 110 countries. The app supports over 300 currencies and aims to usurp the dominance of established financial apps such as PayPal, Venmo, and Cash App. Developed to offer a faster

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House clears HB 1664, setting Commerce Department as lead federal blockchain coordinator

House clears HB 1664, setting Commerce Department as lead federal blockchain coordinator

The House passed HB 1664 on June 26, which designates the Secretary of Commerce as the President’s principal advisor on matters involving distributed-ledger technology The measure, introduced by Rep. Kat Cammack and co-sponsored by Rep. Darren Soto, passed by voice vote under suspension of the rules on June 26, according to the chamber’s floor summary.

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Ripple enhances XRP Ledger’s cross-chain capabilities through Wormhole

Ripple enhances XRP Ledger’s cross-chain capabilities through Wormhole

Ripple has partnered with Wormhole, a cross-chain messaging protocol, to bring multichain support to the XRP Ledger (XRPL) and its upcoming Ethereum Virtual Machine (EVM) sidechain. According to the June 26 statement, the integration will introduce advanced functionality to the XRPL and allow assets and data to flow freely between it and over 35 other

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SoFi Digital Bank Relaunches Trading After 2-Year Break

SoFi Digital Bank Relaunches Trading After 2-Year Break

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure SoFi Technologies is back in crypto. On Wednesday, the online banking platform said it will let customers trade digital coins and send money abroad using blockchain. This marks a full turn from last November, when SoFi paused its crypto services to secure

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KAS price slumps 4%: can it bounce back?

KAS price slumps 4%: can it bounce back?

20-day EMA fails to hold as support in latest move. $0.082 upside target now looks distant. Trading volume remains steady but lacks buying strength. Kaspa (KAS), a Layer-1 blockchain protocol known for its blockDAG architecture, had recently emerged as the crypto market’s top gainer. However, the trend has reversed, with KAS now trading at $0.07533,

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New Metaplanet buy flips Tesla in Bitcoin holdings as shares slide 5%

New Metaplanet buy flips Tesla in Bitcoin holdings as shares slide 5%

Japan-based Metaplanet has overtaken Tesla among corporate Bitcoin holders following its largest single purchase to date. On June 26, the firm confirmed that it acquired 1,234 BTC for approximately $132.7 million, paying an average of $107,557 per coin. This brings Metaplanet’s total Bitcoin holdings to 12,345 BTC, now worth about $1.33 billion based on current

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Nasdaq-Listed Chinese Tech Giant Joins Trend

Nasdaq-Listed Chinese Tech Giant Joins Trend

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Aurora Mobile, a China-headquartered tech firm listed in the US, has moved to put 20% of its cash and cash equivalents into crypto assets. The Board of Directors signed off on the plan as a way to add another layer to the

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Bitcoin Reclaims 7,000, But MVRV Ratio Flags Bull Market Fatigue

Bitcoin Reclaims $107,000, But MVRV Ratio Flags Bull Market Fatigue

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Despite escalating geopolitical risks in the Middle East over the past week, Bitcoin (BTC) has shown remarkable resilience, rebounding strongly from nearly $98,000 on June 21 to slightly above $107,000 at the time of writing. Bitcoins Holds Steady But Warning Signs Emerge

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Wait—Ripple Came Before Bitcoin? Newly Uncovered Document Says So

Wait—Ripple Came Before Bitcoin? Newly Uncovered Document Says So

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ripple’s backstory just got a little twist. According to a set of emails from 2014, early notes on what became Ripple go as far back as 2004. That’s four years before Satoshi Nakamoto put out the Bitcoin whitepaper. These emails, shared by

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