The People’s Bank of China launched a pilot version of its digital yuan wallet application on mobile phone app stores. This is another effort marking the nation’s desire to be the first to develop its own central bank digital currency (CBDC). China’s Most Recent CBDC Push According to a recent tweet by the local news...Read More
The Commodity Futures Trading Commission (CFTC) ordered Polymarket – a decentralized platform that allows users to bet on the outcome of current events – to pay a $1.4 million civil monetary penalty. The agency claimed that the company did not seek a Designated Contract Market (DCM) or Swap Execution Facility (SEF) registration. CFTC on the...Read More
The Bitcoin price for the past long time is hovering between a very narrow range of $45K to $50K. Every attempt of the asset to sustain above $50K is going in vain but also the asset recovers instantly if it falls below $45K. Therefore, considering the current consolidation, many believe the BTC price may undergo...Read More
Canaan, one of the world’s largest manufacturers of Bitcoin mining equipment, announced strategic collaboration agreements with several mining companies in Kazakhstan as part of its expansion plans in the region. Canaan’s Expansion Roadmap The latest development of Canaan’s joint-mining business plans with Kazakh firms comes a few weeks after a successful launch of the last...Read More
Bored Ape Yacht Club (BAYC) – one of the most popular NFT collections in existence – has reached $1 billion on sales on OpenSea’s marketplace. According to on-site statistics, the collection has generated an all-time trading volume of 298 265k ETH. WIth ETH trading at about $3,800 at the time of writing, that’s effectively over...Read More
The world’s leading digital asset manager – Grayscale Investments – has readjusted its DeFi Fund. The firm rebalanced the financial product’s weightings with AMP (the native token of the Flexa payment Network), while Bancor Network Token (BNT) and Universal Market Access Protocol (UMA) were removed. Adjusting The DeFi Fund According to a recent series of...Read More
The Solana ecosystem has been receiving a major backlash from the crypto fraternity for its failure in properly handling network-related bugs. However, the platform was hit by a major DDoS (Distributed denial-of-service) attack earlier this day as it has failed to handle multiple requests to prevent a network from the attack. The fifth-largest cryptocurrency by...Read More
Solana’s blockchain reportedly suffered another DDoS attack earlier today, but the network seems to be back in good standing as of now. This appears to be the third similar incident in the past several months. Solana’s Tryst With DDoS According to the prominent Chinese journalist Colin Wu, Solana went down on January 4th. The attacker...Read More
[PRESS RELEASE – Please Read Disclaimer] Neptune Mutual, a multi-chain decentralized cover protocol, announced that it has raised a $3M strategic round led by Animoca Brands. Other investors in this round also included Pacific Century Group, Genesis Block Ventures, Fundamental Labs, GSR, Cambium Grove Capital, and a number of other funds. Neptune Mutual uses parametric...Read More
[PRESS RELEASE – Bucharest, Romania, 3rd January 2022] A Twitter post by the DeFi Yield Protocol’s CEO and founder, Mihai Nicusor Busica revealed his purchase of an NFT from the Bored Ape Yacht Club collection on January 3. The Bored Ape Mihai acquired is #1112, which he paid a whopping 80 ETH for, equivalent to...Read More
The pandemic has reshaped social behavior in ways unimaginable. In 2022, the tech giants will continue to push the envelope even further – into the Metaverse. Just like last year, NFTs remain at the helm of the cryptocurrency and blockchain revolution. Square Enix President Yosuke Matsuda, for one, understands that the two sectors are not...Read More
Fantom price is up over 21% today, making it the biggest gainer on Crypto.com. With a 24-hour trading volume of $1.76 billion and a market cap of $7.36 billion, Fantom is a significant player in the crypto space. Let’s look at Fantom and its token FTM and see why the price is rising. What Is...Read More
If you’re one of those anarchists who sees cryptocurrencies as an anti-establishment weapon, this might be uncomfortable for you. FTX CEO Sam Bankman-Fried expects a wave of regulatory moves starting in 2022 – and this, from his point of view, is an excellent thing. In an interview for Bloomberg, the well-known cryptocurrency strategist shared his...Read More
Metaverse and Meme coins continue to dominate the charts this year, with many showing bullish momentum recently. With the number of meme coins released every day, there’s no shortage of successful projects that see significant price gains. This article looks at three recently released meme coins that gained over 16% in price today, ordered by...Read More
