Author: NBTC
Galaxy continues to evolve its business model focused on institutional trading, Canaccord said. Further roll-out of the company’s prime brokerage product, Galaxy One, is viewed positively. Broker maintains its buy rating on the stock and its C$17 ($12) price target. Galaxy Digital (GLXY), the crypto financial services firm headed by Michael Novogratz, had a strong end to 2023 with solid operating results across its diversified business, broker Canaccord Genuity said in a research report on Wednesday. Canaccord notes that while the fourth quarter was solid, commentary about the performance of the Toronto-listed business through the end of February was even…
In a groundbreaking move, FLOKI in a post on X has announced that it has forged a strategic alliance with Carbon Browser, a leading Web3 browser. The partnership is set to revolutionize FLOKI’s visibility and utility and has sparked a price surge after the 34% drop over the past week. FLOKI’s partnership with Carbon Browser Floki’s partnership with Carbon Browser marks a pivotal moment in its journey toward widespread adoption and recognition. With over 7 million downloads, Carbon Browser boasts a massive user base of digitally savvy individuals. Through the collaboration, Floki secures prominent placement on Carbon Browser’s platform, including…
Binance, one of the leading cryptocurrency exchanges, has announced plans to expand trading offerings on Binance Spot to enrich users’ trading experiences. Binance Announces New Trading Pairs and Trading Bot Services to Improve User Experience Starting at 16:00 on March 27, 2024, Binance will introduce several new trading pairs, along with the launch of Trading Bot services for selected pairs. Newly added trading pairs include BONK/USDC, FLOKI/USDC, FTM/USDC, MKR/TRY, RAY/TRY and RNDR/BRL. By expanding the list of available trading pairs, Binance aims to provide its users with a wider range of options to effectively participate in the crypto market. Additionally,…
EMB: March 27, 10:00 UTC DePIN layer 1 Peaq raised $15 million in a funding round led by Generative Ventures and Borderless Capital. DePIN refers to using a blockchain to build physical infrastructure networks so other projects don’t need to buy and run their own equipment. Peaq currently hosts more than 20 DePIN networks. Layer-1 blockchain Peaq said it raised $15 million in funding to expand its ecosystem of decentralized physical infrastructure (DePIN) networks. The funding round, led by Generative Ventures and Bordless Capital and featuring participation from Spartan Group, CMCC Global and Animoca Brands, comes ahead of the blockchain’s…
Crypto aggregators and on-chain providers seem to provide contradictory information concerning the WLD token supply, prompting concerns regarding the accuracy of the data. In an X post on Mar. 20, Nansen CEO Alex Svanevik pointed out a significant difference between Worldcoin‘s reported circulating supply of the WLD token and the data displayed on Optimism, where tokens were migrated from Ethereum in 2023. Svanevik compared data from crypto aggregator CoinGecko and the Optimism bridge protocol, uncovering a discrepancy of nearly 10 million WLD tokens in the circulating supply. am I crazy or is the @worldcoin circulating supply wrong from their API…
Making crypto compliant with existing regulatory frameworks and interoperable with traditional legal and financial systems is an enormous yet hugely worthwhile task. To get there, we must achieve a certain level of standardization in how our industry goes about compliance. Binance has recently made a big step in this direction by joining the Global Travel Rule (GTR) Alliance – a global community of virtual-asset service providers utilizing the same solution for complying with one of the key international anti-money-laundering rules. Playing by the Travel Rule Joining GTR Alliance will ensure a higher level of both data security and regulatory compliance.…
The world’s largest institutional investor by assets under management (AUM), BlackRock Inc. (NYSE: BLK), has recently moved to create a tokenization fund allegedly focused on real-world assets (RWA). This new endeavor is part of BlackRock’s dive into the cryptocurrency industry, already covering different branches. Notably, the company manages over $9.10 trillion worth of assets, a part of which is being directed to cryptocurrencies. Now, cryptocurrency investors have started to speculate if the finance titan is already investing in their favorite tokens. However, much of this speculation comes from a landscape full of biases and inconclusive evidence, requiring a lot of…
Alchemy Pay, a popular payment gateway that converts fiat to cryptocurrency, partnered with the Japanese blockchain platform Astar Network. This partnership aims to boost global connectivity and cryptocurrency use. Astar’s blockchain technology and a native token $ASTR will make buying $ASTR with fiat currency easier on Alchemy Pay’s Ramp platform. This will open up and improve the cryptocurrency ecosystem. Earlier, Alchemy Pay partnered with Fusionist to streamline $ACE tokens. .#AlchemyPay is collaborating with @AstarNetwork to integrate Astar zkEVM & its native token ASTR on our Ramp.It will expand accessibility & enhance the user experience for those seeking to engage with…
Digital asset trading platform Cube.Exchange has created a Guardian Council designed to prevent fraud on the exchange. The Guardian Council will comprise a group of industry participants from the Solana Foundation, Everstake, Triton One, Juicy Stake and Kiln. These participants will act as independent third-party validators for Cube.Exchange and prevent fraudulent withdrawals from happening. They will be part of a system where approval from several parties is required for transactions on the exchange to proceed. This process ensures that no single group, not even the exchange itself, can improperly use customer funds. This means that there will be a multi-party…
Hong Kong-listed Inkeverse, a Chinese live streaming company, announced on March 26 that its board of directors had approved a budget of US$100 million for the group to purchase cryptocurrencies on any regulated and licensed trading platform over the next five years. The company will use its existing cash reserves as a source of financing for the purchase of cryptocurrencies. “Inkeverse’s cryptocurrency purchases will be funded from existing cash reserves. Regarding the purchase of cryptocurrency, the company will carry out this at its discretion, depending on market conditions. As of the date of this announcement, the Group has not purchased…