Uptober’ Social Mentions Drop Amid Crypto Slump
The once-bullish sentiment for “Uptober” in the crypto market has faded as prices decline. Santiment reports a sharp drop in “Uptober” mentions, with traders now leaning towards terms like “Selltober” and “Octobear” amid growing pessimism. The bullish sentiment regarding cryptocurrency for the month of October, which has been labeled “Uptober” on social media, has been […]
Ripple Secures Approval for Dubai Expansion
Ripple, a provider of digital asset infrastructure, has been granted permission to extend its operations in Dubai. Ripple has been given “in-principle approval” by the Dubai Financial Services Authority (DFSA) to provide its services from the Dubai International Financial Centre. This will enable Ripple to offer effective payment solutions and seamless cross-border payment services in […]
Ripple CEO Responds to SEC Appeal
Ripple CEO Brad Garlinghouse vowed to fight the SEC’s appeal in court, calling it “infuriating” and “misguided.” In his Thursday statement regarding the U.S. Security and Exchange Commission‘s appeal, Ripple CEO Brad Garlinghouse declared that his company would continue to litigate in court for “as long as it is necessary.” The appeal was deemed “misguided” […]
Aerodrome Surpasses $1B in Deposits, Leading DeFi on Base
Base, a Layer 2 Ethereum network, has reached $2 billion in total value locked (TVL), with decentralized exchange Aerodrome contributing over $1 billion. Base, a Layer 2 Ethereum network currently being incubated at Coinbase, experienced a significant increase in its total value locked (or user deposits) to $2 billion. This amount is more than five […]
Uruguay Approves Crypto Law
Uruguay has enacted a crypto law, positioning the country as a regional leader in crypto regulation. The law, proposed over two years ago, acknowledges cryptocurrency as virtual assets in Uruguay and designates the Central Bank of Uruguay as the regulator and administrator of companies that wish to provide cryptocurrency services. Due to the law, Uruguay […]