Babel Finance – a cryptocurrency service provider that offers digital asset lending – reportedly secured $80 million in a Series B financing round. The investment boosted the company’s valuation to $2 billion. Babel Focuses on the Long Run As reported by Reuters, the fundraiser was led by leading venture capital firms, including Circle Ventures, 10T...Read More
Assembleia da República – Portugal’s Congress – dismissed two separate bill proposals focused on the taxation of cryptocurrency transactions. The suggestions were introduced by the left-wing parties – Livre and Bloco de Esquerda. Crypto Transactions in Portugal Remain Nontaxable A few weeks ago, the country’s Finance Minister – Fernando Medina – revealed the government’s plans...Read More
The US arm of the cryptocurrency exchange, FTX, has experienced exponential growth since its launch at the end of 2020. In less than 18 months, its user base has increased from 10,000 to 1.2 million. FTX US president outlined the company’s long-term plan at World Economic Forum, including seeking approvals from the Commodity Futures Trading...Read More
In a testimony before the Committee on Financial Services, Brainard called for “clear regulatory guardrails” to provide consumer and investor protection, uphold financial stability, and ensure a level playing field for competition and innovation across the financial system amidst the turmoil in the crypto market. Call for a Digital Dollar In the wake of recent events...Read More
Former senior executives at the leading crypto exchange, Binance, recently unveiled a $100 investment fund targeted at investing in Web 3.0 and blockchain projects. According to a Thursday press release shared with CryptoPotato, the $100 million fund, dubbed Old Fashion Research (OFR), is a multi-strategy blockchain investment product founded in late 2021. It focuses on...Read More
We investigate the technical boundaries and limitations of the number of possible Bitcoin payments that can eventually be conducted via the Lightning Network. While it is only possible to study this question with more or less reasonable and debatable assumptions, we suggest considering natural congestion and depletion of channel liquidity due to selfish routing strategies...Read More
1inch Network – the decentralized exchange aggregator platform – has announced a partnership with Travala. As part of the latest step, the Binance-backed travel agency will add the 1INCH token as a payment option on its platform. As per the press release shared with CryptoPotato, the integration will allow 1INCH token holders to book more...Read More
PeckShield – blockchain security and data analytics company – has identified scammers sending so-called “Wrapped LUNA 2.0” tokens to high profile Ethereum addresses. The ploy is meant to imitate the actual LUNA re-launch airdrop taking place on Friday. According to an alert from PeckShield, popular recipients of these new tokens include Vitalik Buterin, Andreesen Horowitz,...Read More
Bitcoin Price again failed at the $30,000 level. BTC Price even dropped to $29,000. However, the altcoins are in an even worse shape, BTC/USD is now more than 55 percent lower than its all-time high, which was set in November 2021. What, on the other hand, does this latest crash indicate for investors? Is there...Read More
ARK Investment Management, the firm led by prominent fund manager Cathie Wood, has filed for another spot Bitcoin (BTC) exchange-traded fund – ARK 21Shares Bitcoin ETF. The SEC has until January 24, 2023, to decide whether to approve or reject it. As per the filing with the Securities and Exchange Commission, ARK Invest has included...Read More
Tether has announced the creation of a new Mexican peso-pegged stablecoin, marking the company’s first strike into Latin America. Tether said today that the stablecoin, dubbed MXNT, will initially be available on the Ethereum, Tron, and Polygon blockchains. This is Tether’s fourth fiat-pegged stablecoin, following the US dollar-pegged USDT, the Euro-pegged EURT, and the offshore...Read More
By George Liu and Matthew Turk Tl;dr: This blog analyzes centralized stablecoin lending yield for Compound Finance and shares our insights on performance, volatility, and factors that drive this yield on collateralized lending of stablecoins in DeFi. The analysis shows that this lending yield can outperform the risk-free yield in the TradFi market. In part...Read More
After the UST depegging earlier this month, which caused LUNA to drop over 99% in price, the community behind the token passed a revival plan proposal that will fork the old chain, creating a new token and blockchain without the stablecoin. The new chain is scheduled to launch tomorrow, May 27th, and the old chain...Read More
[PRESS RELEASE – Please Read Disclaimer] Internationally acclaimed digital creator, Shira Barzilay aka Koketit, has caused a stir on Instagram with almost half a million followers worldwide. She creates feminine minimalist drawings which she often displays over images that inspire her – flirting with ideas and essentially, turning the world into her canvas. She has...Read More
Tether announced the launch of a new type of a stablecoin, backed by Mexico’s national currency. Initially, MXNT will be available on three main blockchains – Ethereum, Tron, and Polygon. The press release dated May 26 informed that the new stablecoin will join Tether’s growing product line, which now consists of four fiat currency-pegged assets....Read More
The popular Metaverse platform Sandbox announced a collaboration with Elvis On-Chain on May 26 to bring the King of rock and roll to the virtual world. The partnership includes Elvis Presley Enterprises, and Web3 studio Run it Wild, which spawned the project earlier this year. In addition to the Sandbox, partners include Decentraland, Dappraft, Metakey,...Read More
Do Kwon’s proposal to revive the beleaguered Terra blockchain has been approved. The controversial Terra proposal 1,623 received a 65.5% approval rate with over 200 million votes in favor. While 20.98% abstained from voting, the “no with veto” votes comprised 13.20%. Terra’s Rebirth This will essentially lead to the creation of a new Terra chain...Read More
In just a few short days, we’ll be unveiling a new way to trade your favourite perpetual and futures contracts on BitMEX – with margin and settlement in ETH. This change will unlock new trading strategies and enhance the versatility of BitMEX as a whole. It’s all part of our ongoing focus to provide both...Read More
A new initiative could aid the town even more after the Terra revival plan was officially passed earlier on Tuesday. On May 27, the new Terra 2.0 blockchain will be live, and Polygon has created a fund to aid Terra migration. Polygon, meanwhile, announced the creation of a multi-million dollar fund to assist Terra blockchain...Read More
The Sandbox (SAND) price is up over 12% today and up over 20% this week amid an announcement of an upcoming partnership between Elvis Presley Enterprises and web3 studio Run it Wild, where users in Sandbox’s Metaverse will be able to turn into Elvis characters and celebrate the icon in the virtual realm. The partnership...Read More
Coinbase has announced the expansion of Travel Rule Universal Solution Technology (TRUST), a consortium of major crypto companies designed to comply with FATF’s Travel Rule. TRUST Expansion According to the official blog post, TRUST went live in Canada and Singapore. It is currently eyeing other global jurisdictions, including Europe. The entity is working on providing...Read More
The World Bank is concerned about the transparency and financial impact of the Central African Republic (CAR)’s adoption of Bitcoin as legal tender. It claims that it will be “physically impossible” to fund the nation’s first concrete crypto adoption initiative, which the president announced on Tuesday. Worry at the World Bank The World Bank has...Read More
