[ad_1] ZkSync, the Ethereum Zero-Knowledge Layer-2 scaling solution, has been in the spotlight for its new token. Last week, the project’s announcement of its ZK token airdrop was met with backlash from investors and the crypto community. Related Reading Following the backlash, crypto exchange Binance announced it would list ZK and offered a new distribution program to address users’ concerns. Since its launch, ZK has dropped over 20%. ZkSync’s Airdrop Drama On June 11, ZK Nation announced the upcoming launch and airdrop of zkSync’s token. Over 3.6 billion ZK tokens could be claimed by 695,000 eligible addresses on Monday. However,…
Author: dfrancis36
[ad_1] The Australian Securities Exchange, which accounts for 90% of Australia’s equity market, has approved its first spot Bitcoin (BTC) exchange-traded fund. The issuer, VanEck, announced in a blog post that it will launch the ETF on June 20, touting it as the “lowest cost bitcoin ETF in Australia.” VanEck resubmitted the application for this product in February. Reports from April indicated that DigitalX Ltd. had applied for approval around the same time, and Sydney-based BetaShares was also working toward launching a similar product on the ASX. Bloomberg had previously reported that spot Bitcoin ETFs might be approved by the…
[ad_1] Australia’s largest stock market, the Australian Securities Exchange (ASX), has approved the listing of the first Bitcoin exchange-traded fund (ETF) on its platform on 20 June. The issuer will be VanEck, and the instrument will be dubbed the VanEck Bitcoin ETF (VBTC).Bitcoin ETF on ASXThe decision of the leading Australian stock exchange came after the success of Bitcoin ETFs in the United States, where 11 such instruments have been listed since January. Hong Kong also launched Bitcoin and Ether ETFs following the US; however, those instruments failed to gain traction due to the local market size.“The demand for access…
[ad_1] Dogecoin developer, Mishaboar has issued a cautionary message to new investors entering into the crypto space. He highlighted the numerous easily forgotten risks in this market, urging crypto enthusiasts to stay educated on investment risks and emphasizing the importance of protecting oneself against avoidable losses. Dogecoin Developer Cautions New Investors On Crypto Risks In an X (formerly Twitter) post on June 16, Mishaboar disclosed the risks associated with cryptocurrency investments, noting that these risks were often underestimated or easily forgotten by novices in the crypto industry. The Dogecoin developer warned that cryptocurrencies were extremely volatile and incredibly risky, advising…
[ad_1] In the rapidly shifting landscape of online trading, platforms like VictoryXcap have carved out a niche by offering robust security features alongside a comprehensive trading experience. This review will critically examine how VictoryXcap stacks up in terms of usability, market range, trading fees, and most importantly, the security measures it employs to protect its clientele.VictoryXcap Reviewed: Features and FunctionalityPlatform Usability and DesignVictoryXcap’s trading platform is designed with both novice and experienced traders in mind. It boasts a clean, intuitive interface that simplifies navigation and trading operations. The platform facilitates easy access to a broad range of financial instruments including…
[ad_1] A crypto analyst has revealed a timeframe for XRP, the native token of the XRP Ledger (XRPL) to witness a substantial 102,590% rally. If this price surge occurs, XRP’s current modest value could skyrocket to an impressive $500 during this bullish cycle, albeit under certain conditions. Analyst Foresees XRP Surging By 102,590% In an X (formerly Twitter) post, on June 10, a crypto analyst identified as ‘Egrag Crypto,’ shared a detailed price chart depicting when XRP will surge to new all-time highs this bullish cycle. The analyst projected an astonishing price increase for XRP, revealing that the cryptocurrency could…
[ad_1] Bitcoin investment products saw significant outflows totaling $621 million last week amid mixed economic signals from the U.S., according to asset manager CoinShares. Across the broader digital asset ecosystem, there were net outflows of $600 million, primarily driven by Bitcoin’s losses. This marked the largest outflow since March 22. Grayscale’s GBTC was particularly hard-hit, experiencing $273 million in outflows. CoinShares noted that these outflows overshadowed minor inflows into various altcoins, including Ethereum (ETH), Lido (LDO), and Ripple (XRP). The U.S. inflation data for May, as measured by the Consumer Price Index, exceeded expectations, remaining flat for the month. However,…
[ad_1] The Banco Central do Brasil (BCB) has thrown its hat into the digital ring, chasing a dream that many central banks worldwide are flirting with. They’re in bed with tech giants and payment moguls, dancing on the edge of the future. But, like a late-night samba that turns into a full-blown carnaval, things are never as straightforward as they seem.Brazil’s foray into the digital currency landscape is emblematic of a broader global trend. Central banks worldwide are exploring CBDCs to modernize financial systems, enhance transaction efficiencies, and promote financial inclusion. Brazil’s central bank is making notable strides with its…
[ad_1] The simmering legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) has reached a boiling point. The dispute centers around the classification of XRP, Ripple’s native cryptocurrency, and the appropriate penalty for its alleged unregistered securities offering. Stuart Alderoty, the Chief Legal Officer at Ripple, responded sharply, igniting the penalty debate and raising doubts about the case’s outcome. Ripple: From Astronomical Fines To Discordant Negotiations The SEC initially sought a staggering $2 billion in fines from Ripple, a figure that sent shockwaves through the cryptocurrency industry. Ripple vehemently contested this astronomical sum, arguing that XRP…
[ad_1] The firm behind the largest stablecoin by market cap is launching a new digital asset backed by real gold. USDT issuer Tether is announcing a new digital asset backed by over-collateralized Tether Gold (XAUT) called aUSDT. According to the press release, aUSDT is the first product from a new line-up of offerings called Alloy by Tether. “Alloy by Tether introduces a novel category of digital assets known as tethered assets, designed to track the price of reference assets through stabilization strategies like over-collateralization with liquid assets and secondary market liquidity pools. This innovative approach provides consistent value and stability…