Author: Sam Allcock

Gemini has announced its departure from the Canadian market, aligning with earlier exits by Binance and OKX.This decision underscores the growing impact of stringent Canadian regulations on international cryptocurrency exchanges.Government regulation has become a central issue for the cryptocurrency industry, particularly in countries like Canada. Recent changes to Canadian laws have introduced new limitations for cryptocurrency exchanges, such as the requirement for daily financial data sharing with the Canadian Securities Administration (CSA). This regulatory environment is deemed restrictive by many exchanges, prompting prominent players like Gemini, Binance, and OKX to exit the Canadian market.The importance of stablecoins in the cryptocurrency…

The month of September 2024 has witnessed a notable surge in crypto hacking incidents, with financial losses exceeding $120 million. Centralized exchanges bore the brunt of these attacks, shedding light on persistent vulnerabilities.September’s hacking toll, despite being the second-lowest of the year, highlights critical security challenges within the crypto sector. This period saw over twenty different incidents, focusing attention on the need for robust cybersecurity measures.Widespread Impact on Centralized ExchangesThe growing concern over cyberattacks on centralized exchanges reached a new high in September 2024, as hackers made off with over $120 million. This represented the second-lowest monthly loss of the…

The global financial landscape is shifting, and the dominance of the US dollar is under scrutiny. BRICS nations are at the forefront of this change, challenging the status quo.Reacting to these developments, BlackRock, a major player in asset management, is innovating to protect its interests. It has launched a fund backing a new crypto stablecoin, UStb, as a hedge against potential dollar destabilisation.In an unprecedented move, BlackRock has introduced the UStb stablecoin, seeking to provide a safety net amidst the declining influence of the US dollar. The UStb is backed by a tokenised BlackRock USD Institutional Digital Liquidity Fund, ensuring…

In the high-stakes world of cryptocurrency, opportunities abound for those bold enough to seize them. A recent success story shines as a beacon of possibility.A trader, once labelled a ‘gasbeggar,’ showcases the potential within the crypto realm. Through perseverance and strategic moves, he turned $800 into $192,000 in just two years.In the crypto world, gas fees are akin to tolls paid for blockchain transactions. For those starting with nothing, these fees present a significant obstacle.This trader’s journey began in 2022, entering the scene with no funds. Begging for Ethereum to pay gas fees, he engaged with airdrops, gradually building a…

Circle is forging ahead with its plans to introduce USDC to the Australian market. Through a strategic partnership with Mark Carnegie’s MHC Digital Group, the company is poised to extend its reach into the Asia Pacific region.The move comes amid a robust stablecoin market, reflecting the growing appetite for stable digital currencies. As stablecoins continue to gain traction, Circle’s latest initiative aims to unlock new use cases for USDC, particularly in institutional sectors.The stablecoin sector has witnessed significant growth in 2024, with Circle leading the initiative to bring USDC to Australia. This expansion follows Circle’s partnership with MHC Digital Group,…

Robinhood has rolled out its crypto transfer services in Europe, marking a crucial expansion in its offerings. This development allows users to engage with over 20 cryptocurrencies, although significant tokens like XRP are absent.The platform’s move into the European market is a strategic effort to broaden access to decentralized finance (DeFi). Robinhood enables deposits and withdrawals while offering a 1% yield on crypto deposits, enhancing user engagement.Robinhood’s latest deployment in Europe reflects its commitment to making decentralized finance more accessible. Johann Kerbrat, VP and GM of Robinhood Crypto, emphasised that the service simplifies self-custody and DeFi access for users. This…

The cryptocurrency landscape is experiencing a transformative phase. With Bitcoin maintaining stability, attention is shifting towards meme coins, which show unprecedented potential.In October 2024, three meme coins stand out with predictions forecasting up to 200% growth. This article explores these intriguing tokens, providing insights into their trajectories and market implications.The current financial climate presents a complex backdrop for cryptocurrencies. Despite pressures linked to potential interest rate adjustments, Bitcoin remains robust at $63K. Market sentiment suggests a predicted peak of $80K by month-end, offering a stabilising force in crypto circles.Market indicators show a bullish outlook, emphasised by Bonk’s 63% green days…

Coinbase, a leading cryptocurrency platform, requires users to connect bank accounts through Plaid, prompting questions and concerns about this partnership.Plaid, a financial technology firm, facilitates secure bank-app connections. This collaboration aims to enhance security and streamline banking operations on Coinbase.Coinbase, famed for its user-friendly interface and robust security, now mandates users to link their bank accounts via Plaid. This decision reflects efforts to expedite account verification and streamline cash transfers. Plaid’s focus on secure data connections enhances the banking experience, contributing to safer, quicker transactions within Coinbase.Plaid’s integration into Coinbase facilitates seamless money transfers between bank accounts and digital wallets,…

The TON Blockchain is witnessing an unprecedented surge in transaction volume, illustrating its rising prominence in the blockchain sector.As a leading player in Layer-1 solutions, TON’s recent performance underscores its potential, backed by vibrant community engagement and innovative projects.Dominance in Layer-1 TransactionsThe TON Blockchain emerged as a dominant force in the Layer-1 space, accounting for 50% of all transactions in September. This significant milestone was catalysed by the introduction of new tokens on the platform. According to CryptoQuant analysts, this leap in transaction volume highlights TON’s strategic advancements and growing market presence.Impact of Viral Telegram-Based GamesViral projects based on Telegram…

Bitcoin sportsbooks are gaining traction in 2024, attracting both new and seasoned bettors seeking fast transactions and privacy.Offering low commissions and impressive bonuses, these platforms are transforming the sports betting landscape, making it essential for gamblers to find the right fit.Bc.game: Innovation in Bitcoin BettingEstablished in 2017, BC.Game operates under a Curacao license and offers over 40 sports for Bitcoin betting. With thousands of live events monthly, it provides attractive bonuses primarily related to initial deposits. Withdrawals via Bitcoin are swift, typically taking a few minutes to hours. This platform makes a mark with no maximum withdrawal limits, though users…