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Kraken, one of the leading centralized cryptocurrency exchanges, plans to launch its own blockchain “Ink” in early 2025. What Happened: This new blockchain focuses on decentralized finance (DeFi) applications, offering users a streamlined platform to trade, borrow, and lend tokens without relying on intermediaries. The aim is to do so, Bloomberg reported. This move marks a major shift for Kraken as it moves further into the DeFi space and expands beyond its centralized exchange roots. Ink is expected to make the DeFi process more accessible and cost-effective for a wider range of users, simplifying the user experience and lowering barriers…

TL;DR One analyst believes that XRP could flip ETH due to potential factors such as a favorable Ripple vs. SEC outcome or ETF approval. However, some predict a possible 12% decline. Will XRP reverse ETH? Ripple’s XRP is one of the few major cryptocurrencies to see a decline in year-to-date (YTD) price. It is currently trading at around $0.52, representing a 15% decline compared to the numbers observed on January 1st. XRP price, source: CoinGecko Nevertheless, many bullish analysts believe that XRP is about to catch up with the market pace and record impressive gains. One optimist is Ben Armstrong,…

According to market intelligence platform IntoTheBlock, Bitcoin (BTC), Dogecoin (DOGE), Shiba Inu (SHIB), and Ethereum (ETH) emerged as the coins with the longest holding periods. This is important because it shows that crypto investors have the most confidence in these coins. Bitcoin, Dogecoin and Shiba Inu top the list during HODL period In a post by This chart shows that Bitcoin ranks #1 with an average HODL time of 4 years and 4 months by BTC investors. Average HODL time for Bitcoin, Dogecoin, Shiba Inu, and Ethereum Ethereum is in second place with an average HODL time of 2 years…

It’s rare for a crypto presale to overshadow the big names like Polkadot and Litecoin, but BlockDAG has done just that. This presale champion broke the $100 million barrier in just 24 batches and grabbed everyone’s attention. While Polkadot’s price may be on the verge of skyrocketing and Litecoin ETF approval nears, BlockDag (BDAG) is making headlines for its exceptional presale results. People looking for the next blockbuster cryptocurrency are flocking to BlockDAG, drawn to its strong community support and future-proofed network. BlockDAG’s success over these large players shows BlockDAG’s potential to lead the market. Polkadot Price Prediction: Are you…

Binance has the BNB chain, Coinbase has Base, OKX has the X layer, and now Kraken has Ink. Kraken today announced plans to launch its own Ethereum Layer 2 network, Ink, which it plans to launch on its mainnet in early 2025. Ink uses Optimism’s OP stack and will be part of Optimism’s family of blockchains called Superchains. According to L2Beat, the OP stack is currently the most widely used rollup stack, containing approximately 43 live chains. Other upcoming layer 2 chains include Sony’s Soneium and Uniswap’s Unichain. Read more: Optimism plans to integrate superchain with interoperability layer According to…

Kraken, one of the most popular cryptocurrency exchanges, is preparing to launch its own blockchain network publicly in early 2025. The movement focuses on decentralized finance (DeFi) services such as trading, lending, and borrowing without intermediaries. Cryptocurrency exchange Kraken launches its own blockchain network The upcoming blockchain, named Ink, will operate similarly to Coinbase Global Inc.’s Base. Launched over a year ago, Base has grown into a leading DeFi platform. According to Ink founder Andrew Koller, a testnet for developers will be launched later this year to allow early experimentation with applications. The platform will be fully accessible to retail…

More than 33,000 crypto investors in South Korea are currently unable to access approximately $13 million worth of assets due to the closure of multiple cryptocurrency exchanges in South Korea, local media outlet Korea Times reported. Reported on May 14th.According to the report, 14 virtual asset exchanges in South Korea have closed or temporarily suspended operations in response to the Virtual Asset User Protection Act. As a result, approximately 17.8 billion won, or approximately $12.8 million, of customers’ digital assets are currently locked on these platforms.This information comes from recent data released by Kang Min-kuk, a lawmaker from the ruling…

Major U.S. stock indexes were mixed in early trading on Thursday, as the U.S. stock market looks set to recover from yesterday’s steep declines. The S&P 500 and Nasdaq Composite rose 0.3% and 0.6%, while the Dow Jones Industrial Average fell 0.2%. The Dow and S&P 500, which ended last week at record highs, closed lower for the third day in a row, while the Nasdaq fell 1.6% yesterday, ending its winning streak at five. Tesla (TSLA) stock led gains in early trading Thursday, as the EV maker reported better-than-expected earnings and plans for a new, more affordable model to…

advertisement Ripple CEO Brad Garlinghouse expressed optimism about the future of XRP-focused exchange traded funds (ETFs). In an interview with Bloomberg on Tuesday, the crypto industry mogul suggested that the XRP ETF is “inevitable” and could have a major impact on the market. This statement is in light of recent developments in the crypto industry, including the growing popularity of Bitcoin and Ethereum ETFs. The interview touched on several important aspects, including broader trends in institutional involvement in the cryptocurrency space. Garlinghouse noted that the approval of Bitcoin ETFs, which have experienced significant growth, demonstrates the growing demand for institutional…

Stablecoin for sending money to VenezuelaGoncalves said Venezuela is the “stablecoin capital of the world” as millions of Venezuelan expatriates use these digital assets to send money back to their home country.With 8 million Venezuelans living abroad due to the economic and political crisis, stablecoins have become a way to send money across borders.Traditional bank and fiat money transfers are considered unreliable, so stablecoins are the preferred option when sending money from countries such as Colombia, Brazil, Peru, and Argentina.This trend has accelerated in recent months, especially after the contentious July election. During political unrest, many people use stablecoins as…