Author: Admin-aX9d7
In brief FIFA Collect is migrating to its own EVM-compatible blockchain, leaving Algorand. No action is required for holders of soccer-themed collectibles from the platform. The migration is scheduled to take place no sooner than May 20. FIFA Collect, the official digital collectibles platform for the International Federation of Association Football (FIFA) soccer organization, will migrate to its own Ethereum Virtual Machine (EVM) compatible FIFA blockchain—leaving behind Algorand in the process. Scheduled to occur no sooner than May 20, the migration away from Algorand does not require any immediate action from FIFA Collect users or NFT owners. “As FIFA Collect evolves, we…
Eric Trump said traditional banks could “be extinct in ten years” unless they embrace cryptocurrency and blockchain, telling CNBC that today’s financial plumbing is too slow, costly, and exclusionary. Eric Trump: SWIFT Is ‘a Disaster,’ Blockchain Does It Better Eric Trump, executive vice president of the Trump Organization, argued that legacy rails such as the […]
In brief Blockchain intelligence firms TRM Labs and Chainalysis have identified Russian crypto exchange Grinex as a rebrand of sanctioned exchange Garantex. Evidence suggests Garantex anticipated its shutdown by creating the A7A5 ruble-pegged stablecoin in December 2024 and transferring assets to Grinex. The apparent resurrection of Garantex as Grinex, alongside increased activity on Russia-linked exchanges ABCEX and Rapira, raises questions about the effectiveness of sanctions in eliminating illicit cryptocurrency operations. Shuttered Russian exchange Garantex has rebranded as Grinex, according to on-chain analysis from blockchain intelligence firm TRM Labs.Garantex handled over $100 billion in transactions prior to its dismantling by international…
Coinbase (COIN) filed a brief in the U.S. Supreme Court case involving an Internal Revenue Service request for data on hundreds of thousands of its customers back in 2016, arguing the court should “protect Americans’ privacy interests in digital information stored by third-party service providers.”The U.S. tax agency — in an action during the first administration of President Donald Trump — had been seeking financial records under the stance that the individuals’s transaction records should be made available once they’d shared their information with a third party. In this instance, that party was Coinbase. The exchange fought to narrow the…
Ethereum remains in a waiting phase, between consolidation and potential recovery. Find our full analysis and current technical outlook for ETH. In Brief Technical analysis: Ethereum trades around $1,800, consolidating below resistance at $1,850. Weekly rebound of +13% and rising volumes (+76%) indicate renewed interest. The long-term trend remains bullish, short-term momentum has turned positive, but medium-term trend remains bearish below $2,104. Momentum is recovering. Derivatives analysis: The derivatives market remains balanced: open interest stable, similar buy and sell flows (neutral CVD), and slightly positive funding. Liquidations are low, mostly on longs, reflecting a generally cautious stance. Forecasts: Maintaining above…
In brief The U.S. economy contracted at an annualized rate of 0.3% in the first quarter. Traders grew more confident that the Federal Reserve would cut interest rates this summer. The U.S. Dollar Index (DXY) rose on Wednesday but has declined 8.3% year-to-date. Bitcoin fell on Wednesday after the U.S. economy shrank for the first time in three years, underscoring recession concerns. But an economic contraction might actually be bullish for the asset, according to one analyst.The growing prospect of a U.S. recession–typically defined as a decline in GDP for two straight quarters–is lifting rate cut hopes as the dollar appears…
Imagine your investments working around the clock, scanning global markets for the best opportunities — all without you having to lift a finger. Sound futuristic? It’s already a reality.In traditional finance (TradFi), algorithms handle nearly 70% of U.S. stock trades. Now, artificial intelligence (AI) agents are stepping up. These aren’t just basic bots but innovative systems that learn, adapt and make real-time decisions. VanEck predicts the number of AI agents will skyrocket from 10,000 to over a million by the end of 2025.What this means for youAI agents are already at work behind the scenes analyzing market trends, balancing portfolios…
Arizona has taken yet another huge step toward potentially adopting Bitcoin. The state legislature has officially passed two bills that would see Arizona hold Bitcoin as part of its treasury reserves. In a vote of 31-25, Senate Bill (SB) 1025, sponsored by Senator Wendy Rodgers, passed alongside SB 1373, sponsored by Senator Mark Finchem, in a vote of 37-19. Both bills seek to create a strategic reserve of Bitcoin for the state of Arizona. The resolution directs the state to study the potential impacts and logistics of adding BTC to its financial holdings, which would make Arizona the first state…
Mainstream conversations around digital assets largely focus on the dramatic price performance of bitcoin and ether. For years, retail and institutional investors have targeted beta exposure, or returns that mirror the broader crypto market. However, the introduction of products like bitcoin exchange-traded funds (ETFs) and exchange-traded products (ETPs) have made achieving beta more accessible, with these products drawing over $100 billion in institutional capital.But as the asset class matures, the conversation is shifting. More institutions are now pursuing alpha, or returns that exceed the market, through actively managed strategies.The role of uncorrelated returns in diversificationLow correlation to traditional assets enhances…
Opinion by: Fraser Edwards, co-founder and CEO, CheqdBrutal honesty has its place, especially when confronting discomfort, so here’s one that can’t be sweetened with honey: 96% of imported honey in the UK is fake! Tests found that 24 of 25 jars were suspicious or didn’t meet regulatory standards. Self-sovereign identity (SSI) can fix this. The UK Food Standards Agency and the European Commission both urge reform to tackle this concern by creating a robust traceability database within supply chain networks to ensure consumer transparency and trust. Data, however, is not the problem. The issue is people tampering with it. This is not the…