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Global cross-border payment platform Axiym is targeting the rising demand from money services businesses (MSBs) for blockchain-based infrastructure and stablecoin solutions for international transactions, the company told Cointelegraph. Headquartered in Dubai, United Arab Emirates, Axiym disclosed on April 24 that it has processed more than $132 million in cumulative volume on the Avalanche blockchain. The …
Continue reading “Avalanche-powered Axiym bets on money services businesses”
Ether (ETH) price has climbed above $1,700 after 16 days of selling pressure caused by macroeconomic uncertainty and a sharp decline in onchain activity. Despite the rebound, Ether has underperformed the broader altcoin market by 23% year-to-date. Some traders claim that ETH is set for a “generational” bull run by offering a “truly” decentralized and …
Continue reading “Was $1.4K Ethereum’s ‘generational bottom?’ — Data sends mixed signals”
Ethereum’s focus on scaling through many layer-2 networks, each with its own transaction processing speed and parameters, potentially gives the network an unlimited number of unique high-throughput chains, according to Anurag Arjun, co-founder of Avail, a unified chain abstraction solution. In an interview with Cointelegraph, Arjun acknowledged that Ethereum and high-throughput competitors with monolithic architecture …
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Tokenization platform Securitize has partnered with decentralized finance (DeFi) protocol Mantle to launch an institutional fund designed to earn yield on a diverse basket of cryptocurrencies, the companies said. Similar to how a traditional index fund tracks a mix of stocks, the Mantle Index Four (MI4) Fund aims to offer investors exposure to cryptocurrencies, including …
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Key Takeaways: The Bitcoin long-term holder cohort saw a $26 billion value increase as BTC price surged to $94,900. Short-term holders sold at a loss in early April. Bitcoin’s 30% correction lines up with historical cycles, and BTC could find support in the $88,750 and $91,000 zone. Bitcoin (BTC) long-term holders (LTHs) significantly increased their …
Jay Clayton, recently appointed interim US Attorney for the Southern District of New York (SDNY) and former chair of the Securities and Exchange Commission, has begun offering statements in criminal cases involving crypto fraud. In an April 23 notice, the US Attorney’s Office said Eugene William Austin, also known as Hugh Austin, had been sentenced …
Continue reading “Ex-SEC chair, now heading SDNY, offers rebuke in $12M crypto fraud case”
Nvidia’s accelerator program appears to sidestep digital assets startups, with its help section listing crypto-focused companies as ineligible to join the tech giant’s global network of founders. According to the program website, crypto companies and four other types of businesses are excluded from participating in Nvidia’s Inception: consulting and outsourced development firms, cloud service providers, …
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Key Takeaways: Ethereum saw a record 449,000 in ETH inflows to accumulation addresses on April 22. Active addresses rose 10%, signaling growing network engagement, but DeFi activity remains weak with declining DEX volumes. Holders in accumulation addresses remain underwater with a realized price of $1,981. Over the past 10 days, Ethereum inflows into accumulation addresses …
Continue reading “Ethereum sees record single-day inflow with 449K ETH in accumulation addresses”
The US Securities and Exchange Commission (SEC) crypto task force, headed by Hester Peirce, has continued meeting with digital asset company representatives as the agency explores regulatory changes. In an April 24 notice, the SEC task force disclosed a meeting with representatives from crypto firm Ondo Finance and the law firm Davis Polk and Wardwell …
Continue reading “SEC task force met with Trump-supporting firms to discuss crypto regulation”
Cryptocurrency exchange Binance has introduced a new fund management solution designed to simplify asset management for portfolio managers, highlighting the growing sophistication of institutional tools in the digital asset space. On April 24, Binance launched Fund Accounts, a tool commonly used by traditional asset managers and brokerage firms to consolidate client assets and streamline portfolio …
Continue reading “Binance rolls out Fund Accounts for asset managers, bridging crypto-TradFi gap”
