Varun Paul, former head of fintech at the Bank of England (BoE), has accepted the role of Central Bank Digital Currency (CBDC) and Market Infrastructure director at the digital asset security company, Fireblocks. Fireblocks Hires Former Bank of England Head In an official press release today, the firm noted that Paul’s vast experience working with...Read More
Ethereum’s failed transaction count soared by another 1.2 million in May alone. That’s up 200,000 from last month’s figure and over 2% of all failed transactions in its history. According to the blockchain data explorer Blockchair, exactly 1,228,131 Ethereum transactions failed between May 1st and May 31st, at the time of writing. Transaction failures may...Read More
Fidelity’s aggressive push into the cryptocurrency sector isn’t surprising. But the hiring plans for different tech roles in the financial service company have remained unfazed despite the turbulent state of the market. Its subsidiary, Fidelity Digital Asset Services LLC, is embarking on a recruiting effort in tech roles with blockchain experience. According to a report...Read More
Experts feel that more is yet to come as Bitcoin’s price action has begun to attract investors following a three-week slowdown. BTC’s price has risen from a low of $30,329 in under 24 hours to $31,949, the highest level since May 11. The bullish momentum sparked a debate about whether Bitcoin had already bottomed out....Read More
The catastrophic event sparked renewed effort from the global regulators to address key inefficiencies in the stablecoin market that many consider could potentially jeopardize financial stability. The UK government, for one, is introducing measures in a bid to protect investors against the potential collapse of stablecoins. Changing Existing Legislation In a consultation paper released on...Read More
Tl;dr: Coinbase’s goal is to provide a neutral marketplace where customers can engage with every safe and compliant crypto asset. As part of this effort, we have always ensured that listing an asset on Coinbase is completely free of all fees and prerequisite costs. By Surojit Chatterjee The goal of Coinbase’s exchange is to provide...Read More
The native token for Optimism (OP) – an Ethereum layer 2 scaling solution – is prepared for its airdrop scheduled for today. Multiple exchanges including KuCoin, OKX, MEXC, AAX, and LBank have already announced plans to list the token. Earlier today, OKX announced that OP deposits would start being accepted at 16:30 UST on Tuesday....Read More
Elon Musk has fired back at Dogecoin co-founder Jackson Palmer for his recent claims that the Tesla CEO doesn’t understand basic code. Instead, Musk insisted that it was Palmer that had the coding skills of a child, and invited him to share his coding prowess with the world. Jackson Palmer on Blast Musk’s comments were...Read More
The broader crypto market has rebounded, with Bitcoin climbing back to $31,000 and beyond. Ethereum is attempting to break through the $2k barrier. After nine consecutive weeks of losses for Bitcoin, the crypto market recovered remarkably. Due to Sentiments, the Market Is Dull Cryptocurrencies have traded like tech stocks rather than as a separate asset...Read More
To address the criticism of centralization over its Binance Smart Chain (BSC), Binance in February announced the merge of BSC and BNB Beacon Chain (previously known as Binance Chain) to form the Build N’ Build (BNB) Chain – which was branded as more decentralized and with higher scaling capabilities. BNB Chain put out its technical...Read More
[PRESS RELEASE – Please Read Disclaimer] Kleks Academy, a new blockchain project set to redefine the filmmaking narrative is set to launch both its virtual reality world and its NFT characters. The project was created by producers of highly streamed movies like “365 days” with over 300 million streams, and “How I Fell in Love...Read More
Cryptocurrency markets are starting to show bullish momentum as Bitcoin and Ethereum continue their pump for the second day in a row. After a relatively small gain of 11% yesterday, LUNA is up over 46% today, closing in on $10. Currently trading at $9.53, let’s look at any relevant news for Terra Luna 2.0 and...Read More
Mirror Protocol, a decentralized finance app on the old Terra blockchain, has reportedly suffered yet another exploit. The governance participant “Mirroruser” on Terra Research Forum was the one who discovered the bug on May 30. The Exploit Popular Terra analyst and whistleblower “FatMan” also confirmed the attack shortly thereafter and revealed that if the vulnerability...Read More
The top financial regulator of the city-state – the Monetary Authority of Singapore (MAS) – reportedly partnered with the finance industry to introduce “Project Guardian.” The initiative aims to investigate potential use-cases of asset tokenization and decentralized finance (DeFi) and will guide the nation’s efforts to become a cryptocurrency hub. Singapore to Strengthen its Crypto...Read More
Terra 2.0 went live a couple of days before, launching a new chain with a new token LUNA, while the old token was rebranded as TerraClassic (LUNA). Despite huge criticisms, Do-Kwon, the founder of Terra went ahead with his proposed revival plan and launched a new chain. It was expected that the influx of liquidity...Read More
After months of consultation with domestic as well as foreign stakeholders and organizations such as the IMF and World Bank, India is in the last stages of finalizing a consultation paper on cryptocurrencies. According to the economic affairs secretary Ajay Seth, the government is “fairly ready.” India’s Consultation Paper on Cryptocurrencies While addressing reporters on...Read More
BitMEX users now have a new way to trade their favourite perpetual and futures contracts on BitMEX – with margin and settlement now available in ETH. It’s an addition designed to increase BitMEX’s versatility, and aligns with our ongoing focus to provide both existing and new users with margining options that extend beyond Bitcoin and...Read More
On May 30, Brazil’s new government blockchain network went live thanks to a cooperation agreement between the Court of Accounts of Uniam (TCU) and the Brazilian Development Bank (BNDES). The launch event was live-streamed on the official YouTube channel of the Court of Accounts of Uniam (TCU). The event’s focus was to discuss the technical...Read More
