The European Central Bank (ECB) maintained its interest rates on Thursday, indicating that domestic price pressures and elevated inflation levels will persist into next year. After a recent rate cut, the ECB adopted a cautious stance, suggesting more evidence is needed before making another move. The ECB highlighted that while corporate profits are mitigating some […] Source: https://news.bitcoin.com/ecb-maintains-interest-rates-amid-persistent-inflation-concerns/
Kraken’s expansion of its custody services to the UK and Australia marks its first international venture, catering to institutional clients outside the US. Source: https://cointelegraph.com/news/kraken-custody-expands-uk-australia?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The crypto community uses a lot of different slang terms and abbreviations that can seem a bit confusing to newcomers and outsiders. One of such terms is NGMI – although you can probably guess what it stands for, it can be tough to figure out what meaning it conveys. If you saw ‘NGMI’ on crypto or NFT Twitter and weren’t sure what it means, you’ve…
The integration comes due to growing institutional demand for Bitcoin, according to Stacks’ ecosystem investor lead. Source: https://cointelegraph.com/news/bitgo-stacks-bitcoin-rewards-institutional-bitcoin-demand?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Donald Trump wanted to ban Bitcoin during his presidency, but former U.S. Secretary of the Treasury Steve Mnuchin stopped him, an executive at Block Inc. claims. “Trump tried to ban Bitcoin in 2020, until Steve Mnuchin and a group of people in the administration slow-walked his wishes, to preserve American competitiveness and innovation,” Mike Brock, core leadership team at financial…
In the depths of the bear market, a new NFT community “brought the energy back into the Solana ecosystem.” Source: https://cointelegraph.com/magazine/mad-lads-nft-tristan-yver-solana/?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Social media site Reddit is abandoning its Collectible Expressions feature, which created animations based on users’ Collectible Avatars NFTs. The news was revealed on a Reddit help page, which carries a message stating that “As of August 5, 2024, Collectible Expressions will no longer be supported on Reddit. In some instances, you might be able to view them on past…
Indian crypto exchange Wazirx has announced a security breach affecting one of its multisig wallets, resulting in the theft of over $230 million. Cryptocurrency and INR withdrawals have been halted as the team investigates the incident, with blockchain investigators Zachxbt and Mudit Gupta offering insights into the sophisticated hack. Wazirx Security Breach Halts Withdrawals After […] Source: https://news.bitcoin.com/indian-crypto-exchange-wazirx-suspends-withdrawals-amid-230m-security-breach/
OKX stopped Naira withdrawals in May 2024 due to regulatory issues after Binance was accused of manipulating Nigeria’s currency and laundering money. Source: https://cointelegraph.com/news/okx-exit-nigeria-crypto-analysts-criticism?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Custody is integral to the institutional crypto space; institutions need a secure and trusted provider to engage in the digital asset class. We’re proud to offer Kraken Custody* to clients outside the U.S., marking a key milestone since it launched in March this year. Kraken Institutional has a strong presence in the UK and Australia. With this expansion, our crypto…
