A recent analysis from CryptoQuant informed that KuCoin, which has had its fair share of struggles in the past few years, has lost over 14,000 BTC from its reserves after it introduced mandatory KYC requirements for all users. In contrast, Binance’s share continues to grow as the clear market dominator in terms of BTC reserves….
DogeOS, an application development layer for the Dogecoin ecosystem, announced the successful closing of a $6.9 million funding round led by Polychain Capital. This capital infusion will fuel the expansion of DogeOS to allow developers to build a wide range of consumer apps — from gaming to artificial intelligence —while strengthening the dogecoin (DOGE) ecosystem….
Singapore-based developer of bitcoin mining ASIC chips and rigs Canaan (CAN) has had a rough run, but could be a five-bagger, suggests Benchmark analyst Mark Palmer. Palmer on Tuesday initiated coverage of the ADRs with a buy rating and a $3 price target. The shares closed yesterday at $0.62, lower by 72% year-to-date. Canaan’s dual…
KuCoin has pushed back against claims suggesting it lost over 77% of its Bitcoin reserves since 2023. The crypto exchange labeled the circulating figures misleading and inaccurate, emphasizing its commitment to transparency and responsible reporting. KuCoin’s falling Bitcoin reserves? The controversy stems from a report by Onchain School, a data-focused platform citing data from CryptoQuant….
Loopring (LRC) has surged more than 14% in the past 24 hours. The native token of the Ethereum-based layer-2 scaling solution has also seen a massive jump in daily trading volume. If bulls hold onto gains, LRC price could target highs of $0.44 in the short term. Loopring (LRC), the native token of the Ethereum-based…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2654.32, down 2.2% (-60.12) since 4 p.m. ET on Monday. None of the 20 assets are trading higher. Leaders: BCH (-0.3%) and BTC (-0.8%). Laggards: SUI (-7.7%) and AAVE…
Florida’s decision follows a broader trend of legislative setbacks surrounding Bitcoin reserve proposals. Similar bills have been shelved or blocked in states like Wyoming, Pennsylvania, Oklahoma, Montana, North Dakota, and South Dakota. Only 19 US states are still actively exploring legislation related to state Bitcoin reserves. Florida has withdrawn two key bills aimed at creating…
Crypto asset manager 21Shares has launched a new exchange-traded product (ETP) offering investors regulated exposure to the native token of Cronos, a Layer 1 network developed by Crypto.com, for Web3 applications. The 21Shares Cronos ETP, which trades under the ticker CRON, is listed on Euronext Paris and Euronext Amsterdam. It carries a 2.5% annual fee…
Bitcoin Magazine UK Treasury Secretary Says No To National Bitcoin Reserve Speaking at the Financial Times Digital Asset Summit in London on Tuesday, Emma Reynolds, Economic Secretary to the Treasury, emphasized that while the UK aims to become a crypto hub, it will take a different approach from both the U.S. and EU in regulating…
BNB (BNB), the native token of Binance’s layer 1 smart contract platform BNB Chain, will likely offer steady returns and could reach $2,775 by the end of 2028, investment bank Standard Chartered (STAN) said in a research report Tuesday. “BNB has traded almost exactly in line with an unweighted basket of bitcoin and ether since…
