Blog and Learning Center

Crypto Weekly Wrap: 8th August 2024 Black Monday Shakes Crypto Stock Exchanges On August 5, 2024, dubbed "Black Monday," global stock exchanges, including crypto stock exchanges, faced a severe downturn, triggering widespread panic and massive sell-offs. This financial turmoil was marked by dramatic declines in major indices, reflecting fears over economic instability and geopolitical tensions.

Render Token (RENDER): Latest Developments and Technical Analysis Recent Developments and Rebranding Render (RENDER), previously known as RNDR, recently underwent a significant rebranding and token swap. This transformation to RENDER has been accompanied by the introduction of new trading pairs on major exchanges like Binance, including RENDER/BTC and RENDER/USDT.

If you are a crypto investor in the UK, the odds are that you may have struggled to find a crypto-friendly bank, or know someone who has faced challenges. This is hardly surprising, given the rise in cryptocurrency adoption, and regulators increasingly putting pressure on UK banks to ensure crypto criminal activities are flagged, and tax obligations met.

Mt. Gox Moves $2.5 Billion More Bitcoin The defunct Japanese crypto exchange, Mt. Gox, has recently transferred an additional $2.5 billion worth of Bitcoin. This movement is part of the ongoing effort to redistribute assets to creditors after the exchange's collapse in 2014. So far, approximately 59,000 of the recovered 142,000 Bitcoins have been distributed through Kraken and Bitstamp exchanges, as reported by Glassnode.

If you are a Muslim who has a keen interest in investing, then it is fundamental to first be aware of halal investing principles, and what investing activities are permissible under its guidance. This is because islamic finance has certain ethical and social obligations that Muslims are expected to follow, and failure to adhere to them could result in Muslim investors entering the haram territory But fear not.

As the cryptocurrency landscape continues to expand, the importance of secure asset storage cannot be overstated. With digital currencies becoming more valuable and widespread, ensuring their safety is paramount. As the cryptocurrency landscape continues to expand, the importance of secure asset storage cannot be overstated.

Ripple's XRP has recently outperformed Bitcoin (BTC) and several major cryptocurrencies, recording a significant daily price increase of 8% to exceed $0.64, despite an overall market correction. This surge comes amid broader market declines, with Bitcoin dipping from nearly $70,000 to approximately $66,500. The precise cause of XRP's latest rally remains unclear.

As the leading two cryptocurrencies by market cap (Bitcoin and Ethereum) continue to gain traction, so too are many altcoins, which are capturing investor interest through their unique value propositions, and enticing tokenomics. This is hardly surprising, given how the performance of altcoins has historically been influenced by how well Bitcoin and Ethereum does.

Solana's Remarkable Growth Metrics Solana (SOL) has emerged as a standout performer in the cryptocurrency space, showcasing impressive growth across multiple metrics. Since the beginning of the year, Solana has seen a nearly 250% increase in total value locked (TVL) in its native protocols and applications, reaching about $5.4