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Ethereum, the world’s second-largest cryptocurrency by market capitalization, is on the cusp of a historic price surge, according to analysts at financial services firm Bernstein. Their prediction hinges on the long-awaited approval of spot Ethereum exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC). Bernstein analysts Gautam Chhugani and Mahika Sapra forecast a potential 75% increase in Ethereum’s value, propelling it to a new all-time […]

Bybit, a leading cryptocurrency exchange by trading volume, has achieved a significant milestone, surpassing 30 million registered users globally. This remarkable feat comes amidst a period of exceptional growth for the company, solidifying its position as a frontrunner in the ever-evolving blockchain industry. Bybit’s user base has witnessed a substantial expansion in recent months. Just six months ago, the exchange boasted over 20 million registered users. This […]

Falling victim to a cryptocurrency exit scam can be a devastating blow. These deceptive schemes lure investors in with promises of high returns, only to vanish abruptly with deposited funds. While recovering stolen crypto can be an uphill battle, there are steps you can take to try and reclaim your assets and hold the perpetrators accountable. The first crucial step is acting quickly. The longer scammers have […]

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 21 May 2024 – The approval of spot Bitcoin exchange-traded funds (ETF) by the U.S. Securities and Exchange Commission (SEC) in January 2024 triggered a substantial rise in the bitcoin price. Also, interest in the proposed spot Ethereum ETF has increased. If approved, it could spark another rally in the cryptocurrency market. Are there any opportunities to make money […]

Ripple’s XRP token has been a source of debate within the cryptocurrency community. While some dismiss it entirely, others advocate for holding despite its shortcomings. Here’s a closer look at the reasons behind this seemingly contradictory stance. Potential for Disruption Despite the challenges, XRP holds the potential to disrupt the cross-border payments landscape. If Ripple overcomes regulatory hurdles and secures key partnerships with financial institutions, XRP could […]

Ripple’s XRP token occupies an interesting space in the cryptocurrency market. Despite facing criticism and regulatory hurdles, holding onto XRP might be a strategic decision for some investors. Here’s a breakdown of the key factors at play. 1. The Allure of RippleNet XRP’s primary utility lies in its role within RippleNet, a global payments network designed to facilitate faster and cheaper cross-border transactions. Financial institutions are Ripple’s […]

Standard Chartered Bank is raising hopes for a significant boost in Ethereum (ETH) adoption, predicting approval of spot Ethereum ETFs by the U. S. Securities and Exchange Commission (SEC) this week. This regulatory green light could unlock a massive influx of investor capital, with the bank estimating inflows ranging from $15 billion to $45 billion within the first year. The potential approval comes after the SEC’s decision […]

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Forum Co-hosted by King & Wood Mallesons, UWEB, and EmergentX Focuses on the Future Development of Hong Kong’s Virtual Asset Spot ETFs HONG KONG SAR – Media OutReach Newswire – 16 May 2024 – Amidst historic breakthroughs in Hong Kong’s financial technology sector, Mr. Leica Cai, co-founder of Evolving Capital, delivered a keynote speech titled “Opportunities of Hong Kong’s Virtual Asset Spot ETFs” at a high-level forum. […]

Beleaguered crypto lender Genesis Global has received a court nod to return roughly $3 billion worth of cash and cryptocurrency to its customers. This decision comes as part of a court-approved liquidation plan, marking a significant development in the company’s bankruptcy proceedings. The move stands in contrast to the objections raised by Digital Currency Group (DCG), Genesis’ parent company. DCG argued that Genesis should only distribute the […]

Bankrupt crypto lender Genesis Global Capital has secured a crucial victory in its ongoing restructuring efforts. A US bankruptcy court judge has approved the company’s plan to distribute billions of dollars worth of digital assets and cash to creditors, rejecting a challenge from its parent company, Digital Currency Group (DCG). The decision, reached by Judge Sean Lane on Friday, paves the way for Genesis to begin returning […]

Notcoin, a simple game initially launched as a Telegram mini-app, has become a testament to the potential of the Telegram and TON blockchains for fostering successful applications. Within a few months, Notcoin attracted a staggering 35 million active users, many of whom diligently tapped a virtual coin to earn in-game currency. This seemingly insignificant tapping translated into real-world value recently. Notcoin transitioned from a purely in-game experience […]

The emirate of Ras Al Khaimah in the United Arab Emirates is poised for a surge in cryptocurrency adoption thanks to a new collaboration between Tether, the world’s largest stablecoin issuer, and RAK Digital Assets Oasis (RAK DAO). This strategic partnership aims to propel the use of Bitcoin and stablecoins within the region through educational initiatives and fostering a crypto-friendly environment. Tether, the company behind the USDT […]

SINGAPORE – Media OutReach Newswire – 17 May 2024 – UXLINK, the Web3 social platform and infrastructure that enables users and developers to discover, distribute and trade crypto assets socially and in groups, has topped the latest edition of the X Hot Projects list and is now No. 2 on the platform’s Hot 100 list for the past seven days, according to the RootData Charts page. According […]

The Wisconsin State Investment Board (WSIB) made waves in the financial world today after it disclosed the purchase of $99 million worth of shares in BlackRock’s iShares Bitcoin Trust ETF. This move marks a significant development, as it represents one of the first major forays by a government-run investment board into the world of cryptocurrency. The WSIB, which oversees the investments of Wisconsin’s public pension funds, has […]

Hong Kong’s fledgling Bitcoin and Ethereum exchange-traded funds (ETFs) witnessed a significant setback this week, with record net outflows exceeding $39 million on Monday alone. This substantial withdrawal effectively erased any gains accumulated over the past two weeks. The outflows encompassed all six currently available crypto ETFs in Hong Kong, signifying a broad-based investor retreat from the market. The reasons behind this sudden shift in sentiment remain […]

SINGAPORE – Media OutReach Newswire – 13 May 2024 – Social Infrastructure UXLINK has initiated its Season 1 airdrop campaign titled “IN UXLINK WE TRUST” in early May, targeting a community of 550,000 contributors. More than 50% of the campaign has already been fulfilled. Participating in the campaign involves minting an airdrop voucher, known as the UXLINK NFT, which guarantees an airdrop of the native token $UXLINK, […]

SINGAPORE – Media OutReach Newswire – 13 May 2024 – UXLINK, a revolutionary Web3 and social infrastructure platform, today announced its partnership with OKX Web3 Wallet, with the aim of launching a comprehensive marketing campaign. The campaign, set to launch on 10th May 2024, will offer eligible users exclusive access to UXLINK NFT whitelist benefits that are tied to $UXLINK token airdrops. This unique partnership will also […]

El Salvador, the nation that took the world by storm when it adopted Bitcoin as legal tender in 2021, has taken another bold step towards cryptocurrency integration. On May 12th, the National Bitcoin Office (ONBTC) launched a dedicated mempool space, granting the public unprecedented access to the country’s Bitcoin holdings. This move signifies a commitment to transparency in El Salvador’s ongoing Bitcoin experiment. The mempool, a term […]

The Philippine financial landscape is set to see a digital innovation with the Bangko Sentral ng Pilipinas (BSP) approving PHPC, a peso-pegged stablecoin launched by the popular crypto exchange Coins. ph. This move is expected to significantly impact the way Filipinos, particularly overseas workers, send money back home. Traditionally, sending money to the Philippines has involved remittance centers or bank transfers, both of which can be slow […]

SINGAPORE – Media OutReach Newswire – 13 May 2024 – UXLINK, the leading Web3 social infrastructure, has just unveiled a significant milestone in its journey with a new round of funding, arriving in under three months from its previous round. Spearheaded by SevenX Ventures, INCE Capital, and HashKey Capital, this round attracted multiple investors, consolidating UXLINK’s position as an industry frontrunner. Surpassing the $5 million mark, this […]

DUBAI, UAE – Media OutReach Newswire – 10 May 2024 – L7, a leader in Web3 digital asset management and traffic aggregation, is thrilled to announce its participation in Crypto Expo Dubai 2024, scheduled for May 20-21. As a diamond sponsor for the event, L7 is set to play a pivotal role in this premier gathering. Hosted by Hqmena, the event stands as a cornerstone for the […]

In a landmark move, cryptocurrency giants Binance and KuCoin have secured registration with India’s Financial Intelligence Unit (FIU), marking the first time the country’s anti-money laundering watchdog has approved offshore crypto entities. This decision signifies a significant shift in India’s stance on the cryptocurrency industry, which previously saw a ban imposed on Binance and KuCoin alongside several other international exchanges. The registration news comes after a period […]

In a move to facilitate the distribution of crypto assets to eligible clients, bankrupt cryptocurrency lender BlockFi has partnered with major exchange Coinbase. This collaboration aims to ensure a smoother process for users seeking to withdraw their holdings from the defunct platform. The announcement comes after BlockFi filed for bankruptcy in November 2023, citing significant exposure to the crypto market downturn. The filing left many users in […]

HONG KONG SAR – Media OutReach Newswire – 9 May 2024 – Today, IX Asia Indexes (“IXAI”) announced the launch of ixCrypto BTC/ETH 50/50 Index (“ixCrypto 50/50”) and ixCrypto BTC/ETH Proportional Index (“ixCrypto Proportional”). The two indexes are designed for cryptocurrencies beginners for their first knowledge and first investment in cryptocurrencies. The ixCrypto 50/50 and ixCrypto Proportional are developed on Bitcoin (BTC) and Ethereum (ETH) only and […]

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