The development team behind friend.tech has amassed nearly $20 million in revenue since its launch in August. According to data from DeFiLlama, friend.tech currently holds the position of the largest revenue-generating application on Base and the second-largest across the entire crypto space. At its current pace, the platform is projected to generate an annualized revenue of…
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Investment management firm ProShares Advisors has introduced six new futures products for Ether, marking the cryptocurrency’s debut in the ETF market. The newly launched ETFs, released on Monday, offer investors exposure to Ether through futures contracts rather than direct investment in the cryptocurrency…. Read More: ProShares Launches Six Ether Futures ETFs, Expanding Crypto ETF Market Read more…
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Despite much hotter-than-expected US jobs numbers released earlier on Friday, Bitcoin (BTC) is having another go at pushing back above the $28,000 level and its 100 and 200DMAs. The world’s first and largest cryptocurrency by market capitalization initially fell following the data, but has since reversed around 3% higher versus its earlier session lows in…
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AVAX, the native token that powers high throughput layer-1 blockchain protocol Avalanche, has pumped another 5.5% on Friday, takings its gain on the week to close to 10%, as the launch of a new SocialFi (web3 social media platform) called Stars Arena on its blockchain generates hype. As per CoinGecko, AVAX is up close to…
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The Dubai Virtual Assets Regulatory Authority (VARA) has taken action against Bored Gen DMCC (BG), a company involved in the distribution and marketing of Islamic coin (ISLM). According to a VARA alert published on Wednesday, BG lacks the necessary authority to conduct the type of crypto-related business it has been involved in, and the firm…
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Concordium founder Lars Seier Christensen believes identity verification is essential in preventing cryptocurrency scams. “To prevent scams, there has to be some level of identity verification, a means to verify that the parties involved in any given transactions are actually who they claim to be,” Christensen said in a recent interview. Christensen’s comments come as high-profile figures like Mark Cuban continue…
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Centralized exchanges witnessed a significant decline in trading volume in September, marking the third consecutive month of decreasing activity. According to a recent report by researcher CCData, the combined spot and derivatives trading volume on these exchanges dropped by 20.3% to reach $1.67 trillion. This figure represents the lowest monthly trading volume recorded since December 2022. ……
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$TWT, crypto wallet platform Trust Wallet’s native utility token, has seen a major bullish breakout in the past two sessions, with price predictions becoming increasingly bullish. The crypto token, which is issued on the Ethereum blockchain using the ERC-20 token standard, has pumped more than 20% over the past two days from under $0.80 per…
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Binance CEO Changpeng “CZ” Zhao turned down a $40 million offer from former FTX CEO Sam Bankman-Fried in March 2019 to create a cryptocurrency futures exchange. At the time, Binance was primarily a spot crypto exchange, and the idea of a futures-only platform was a deviation from its existing model. … Read More: Binance CEO CZ Turned Down $40 Million Deal…
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The South Korean central bank has set a date for its “real-world” CBDC pilot, with the first citizens slated to use the coin in the fourth quarter of FY2024. Per the broadcaster KBS, the Bank of Korea (BOK) will team up with the country’s top financial regulators – the Financial Services Commission (FSC) and the…
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