cryptobusiness
Consensys the firm behind the prominent cryptocurrency wallet MetaMask, has acquired Wallet Guard. The acquisition comes in a bid to enhance the Web3 wallet’s security. The development has been confirmed by Wallet guard co-founder Martin on X. He is also the senior product manager at MetaMask. Enhanced security for MetaMask usersAs a part of the move, the entire Wallet Guard team will onboard Consensys as a part of the MetaMask Product Safety Team. Not much has been disclosed about the deal; as such, the terms of the acquisition remain unknown. MetaMask is looking to integrate Wallet Guard’s b...
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The crypto market displays a downward stance as Bitcoin (BTC) hovers below the $61.5K mark. Nevertheless, declining Bitcoin dominance shows altcoins will lead the upcoming market rebound. Dogecoin (DOGE) attracts attention due to its potential 400% breakout, while Dogwifhat (WIF) targets $11 by November 2024. While that indicates bullish sentiments for altcoins and themed tokens, political-tied Solciety (SLCTY) seems positioned to outperform the crypto industry in the next bull run. Dogwifhat ready for explosive movesThe canine-themed crypto is gaining attention, with analysts forecasting mass...
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Stablecoin issuer Paxos has tapped Singapore’s DBS bank as its custodial partner. The bank will be responsible for cash management and the custody of Paxos’ stablecoin reserves. This is the first time the DBS Group, which is the nation’s largest bank, will hold stablecoin reserves. DBS and its cryptocurrency tiesThe recent move is expected to deepen the bank’s roots in the cryptocurrency sector. Highlighting the bank’s future plans, Evy Theunis, head of digital assets at DBS, said: We look forward to partnering leading stablecoin issuers for their cash management and reserve custody needs if t...
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The once-dominant Bitcoin exchange, Mt. Gox, which collapsed a decade ago following a massive hack, is set to return nearly $9 billion worth of tokens to its users. This long-awaited payout comes after a prolonged and complicated bankruptcy process, and has sparked concern among investors about potential impacts on the cryptocurrency market. Returning billions: The Mt. Gox sagaMt. Gox, which stands for “Magic: The Gathering Online Exchange,” was once the largest platform for Bitcoin trading, handling around 80% of all global dollar trades for the cryptocurrency. In 2014, the Tokyo-based exchan...
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Tech giant Sony is dipping its toes in the cryptocurrency sector. The $100 billion Japanese conglomerate is rebranding a local crypto trading platform in this regard. According to a statement, Sony has acquired WhaleFin and rebranded it as S.BLOX Co. The platform will collaborate with other businesses under Sony’s umbrella to generate value for its crypto trading services. Sony’s foray into cryptocurrency marketThe move follows Sony’s acquisition of Singapore-based market maker Amber in August 2023. The acquisition went through via Quetta Web Co., Ltd., a wholly-owned subsidiary of Sony Group ...
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The cryptocurrency industry awaits significant events this week. Ethereum ETF amendments, key economic stats, and the European Union’s new regulations will grab investor attention in the coming seven days. Ethereum ETFs delayedThe United States SEC has delayed the launch of spot Ethereum ETFs, which individuals expected to happen by 4 July. Consequently, the regulator returned S-1 Ethereum ETF forms to all applicants. Issuers have until 8 July to resubmit their filing. The SEC needs more time to review the applications, postponing the launch timeframe to mid-July or later. The delay could yiel...
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The cryptocurrency market closes June with a downward stance, with Bitcoin (BTC) and Ethereum (ETH) losing approximately 10% over the past 30 days. As bearish sentiments prevail, most top assets consolidate, indicating uncertainty in the coming sessions. Thus, enthusiasts have shifted to mid- and low-cap meme cryptos, suggesting a change in market dynamics. Market players venture into meme assets to quickly maximize returns. Here are some themed tokens that could dominate crypto trends in July. SOL ETF (SOLETF)Solana-based cryptocurrencies have flourished amid SOL exchange-traded fund speculat...
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The Terra Luna Classic community will vote to destroy 12 billion LUNC tokens and 68 million USTC assets. The project will burn the coins from the Lido DAO dispatcher and Anchor bLuna contracts. The move is part of an ongoing initiative to remove USTC and LUNC from the circulating supply, with the $1 price mark as the primary objective. Terra Luna Classic’s massive token burnThe project will remove 12 billion LUNC and 68M USTC from circulation. It’s the second-largest token burn after the latest 7 billion LUNC removal. The 12 billion in LUNC burn will be from Lido rewards dispatcher and Anchor ...
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Kazakhstan financial regulators have approved Toncoin (TON) for trading on the nation’s licensed platforms. The crucial move by the Financial Services & Regulatory Committee reflects surging demand for digital assets and their acceptance within Kazakhstan’s economic ecosystem. Meanwhile, Toncoin has joined 107 government-certified tokens, sharing status with assets such as Bitcoin and Ethereum. The approval comes after a massive audit process, and endorsement means Toncoin satisfies the stiff listing criteria by the regulators. Thus, Toncoin aligns with alts such as Stellar, Polygon, and Avala...
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21Shares becomes the latest institution to file for a spot Solana exchange-traded fund. The move comes after asset manager VanEck made a similar application on Thursday. The 21Shares Core Solana exchange-traded fund will track Solana performance and aims to offer investors a cost-friendly and straightforward exposure to SOL. That will allow 21Shares clients to invest in Solana directly without having to hold the token. Enthusiasts can trade the ETH on exchange Cboe BZX if approved. 21Shares’ primary goal with the ETF product is to replicate native SOL’s performance after considering liabilitie...
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