Cal Athletics – the sports teams representing the University of California, Berkeley – and FTX have signed the first sponsorship between a college athletic department and a cryptocurrency platform. As part of the $17.5 million deal, the team’s home ground will change its name to FTX Field at California Memorial Stadium. At the same time,...Read More
Centre, the issuer of popular stablecoin USDC, has revealed that it will convert the asset reserves back to cash and U.S. treasury bills only. In an official blog post on Monday, the Centre Consortium noted that it now intends to “hold the USDC reserve entirely in cash and short duration US Treasuries.” The organization said...Read More
After launching on August 19th, the algorithmic liquidity protocol BENQI has already reached $1B in TVL. Meanwhile, the price of Avalanche’s native cryptocurrency has been soaring. Big Support for BENQI BENQI is collaborating with AVAX in a joint liquidity mining program, in which $3M worth of AVAX will be provided as incentives to users of...Read More
San Francisco-based online publishing platform Substack has enabled support for bitcoin payments for subscriptions to publications through the use of the Lightning Network. Substack has collaborated with OpenNode, a bitcoin payment processor, for the BTC payment option. OpenNode made the announcement via a press release on Monday (August 23rd, 2021). With the latest development, readers...Read More
The bitcoin market has made a tremendous comeback after the spring crisis and summer downturn. Cardano has increased by over 100% in the last two weeks, making it one of the top performing altcoins. Hoskinson announced the hard fork during a live stream, stating that it would happen before the Cardano Summit, which is presently...Read More
[Featured Content] With the second half of the bull run underway, more people are looking to make the most out of it, but they struggle with trading or don’t know how to leverage every profit-making opportunity in the crypto market. While there are lots of exchanges out there, crypto traders still face many problems when...Read More
The Poly Network drama seems to be officially over as the hacker has returned the remaining $141 million, according to a blog post from the DeFi project. ‘Full Asset Restoration’ Begins As per the announcement, at 8:39 AM UTC, Mr. White Hat gave his private key to the 3/4 multi-signature wallet in an embedded message,...Read More
[PRESS RELEASE – Hong Kong, Hong Kong, 23rd August, 2021] OpenSwap, the interchain DeFi Hub and liquidity booster for traders, has raised $1.5 million in its latest funding round. Led by prominent VC firms NGC Ventures and Coin98 Ventures, the round attracted investment from BR Capital, Legos Capital, Double Peak Group, Prime Block Capital, Illusionist...Read More
In a very eye-catching move, VISA enters the Metaverse with the first non-fungible token(NFT) purchase, CryptoPunk 7610. The payment technology owned the NFT with a whooping cost of $150,000 last week. Over the last 60 years, Visa has built a collection of historic commerce artifacts – from early paper credit cards to the zip-zap machine....Read More
Tavanir – Iran’s Power Generation, Distribution, and Transmission Company – revealed that the ban on cryptocurrency mining would be lifted as early as September 22nd. The country’s authorities would allow digital asset miners to restart their operations legally, hoping to see a decline in energy consumption by the end of summer. Crypto Mining Is Back...Read More
Visa announced on August 23rd that it had spent nearly 50 ETH for a CryptoPunk non-fungible token. Thus, the US behemoth continues to showcase its support for the cryptocurrency industry. The global payments tech firm took it to Twitter on August 23rd to announce the acquisition of CryptoPunk #7610. The transaction was completed on August...Read More
The San Jose-based online payments giant PayPal is launching its cryptocurrency services in the United Kingdom less than a year after the company first introduced the feature in the United States. Eligible customers in the UK will be able to buy, sell, and hold bitcoin and other cryptocurrencies through the PayPal platform beginning this week....Read More
After successfully launching its “London” upgrade earlier this month, the Ethereum price has exhibited tremendous growth. After the London upgrade, Ethereum’s market share climbed from 15% to 18%. For ETH, the overall trend is very bullish. The Bulls have ignited another rally and ETH is currently trading in green at $3259. For the past two...Read More
