Polygon has announced a partnership with Nothing, the creator of Phone (1). The Ethereum scaling protocol’s tech will be integrated into Nothing’s first smartphone. While Polygon won’t be manufacturing its own smartphone, the partnership aims to bring crypto and NFTs to a larger audience by enabling access to Web3 functionality to such users. Polygon-Nothing The...Read More
In the aftermath of Terra’s historic debacle, regulatory scrutiny targetting the stablecoin industry through cooperative measures across borders has become urgent to authorities worldwide. According to a recent report, South Korean Justice Minister Han Dong-hoon has discussed with US officials potentially enhancing cooperation in fighting against security fraud and financial crimes. Strengthening Ties on Crypto...Read More
Binance has already resumed deposits, but withdrawals remain suspended. Nevertheless, the exchange assured that all services will be active “shortly.” Notably, Binance suspended withdrawals and deposits of Brazilian reals on June 17. At the time, the company had broken away from its two-year collaboration with Capitual, a local payment gateway. Until then, Capitual was tasked...Read More
Two retirement systems in Fairfax County, Virginia, distributed $35 million into VanEck’s cryptocurrency lending fund. The administrative region has experience in the digital asset industry since years ago its Police Department pension fund invested in blockchain technology and later displayed intentions to add crypto investment managers. VanEck’s Lending Fund Attracted New Investors As presented on...Read More
Ethereum’s public testnet Sepolia is now the second major testnet to implement the long-awaited Merge upgrade. This brings the entire protocol a step closer to changing its consensus mechanism from proof of work (POW) to proof of stake (POS). The upgrade involved “merging” the existing Sepolia POW chain with the POS-based beacon chain. The beacon...Read More
Even with all the volatility in the global cryptocurrency market, Shiba Inu (SHIB) token has been able to maintain its position in the largest Ethereum (ETH) whale wallets. The SHIB token has emerged as the largest token held by the top 2000 ETH whales, according to WhaleStats. According to the data, there are currently $608.6...Read More
Uprise Investment Fund became the latest cryptocurrency company to be affected by the LUNA crash, with over $20 million worth of funds getting liquidated while short-trading the asset during its crash in May. According to a local news report on Tuesday (July 6, 2022), Uprise suffered huge losses after entering a short sell position for...Read More
The anonymous leader of Shiba Inu, known under the pseudonym Shytoshi Kusama, revealed that the project will introduce a new reward token called TREAT. In addition, the team will focus some of its efforts on its SHI stablecoin to prevent it from suffering the fate of Terra’s UST. Enter TREAT and SHI “Shib Army We...Read More
Stephen Ehrlich, the CEO of cryptocurrency lender Voyager Digital, announced today, July 6th, that the business has started a “voluntary monetary reorganization” procedure in order to safeguard investments, increase shareholders and client’s portfolios, and evolve victoriously. Due to $660 million debt by The Three Arrows Capital, the company was pushed to file for Chapter 11...Read More
Celsius Network has repaid yet another $34.43 million of its debt to MakerDAO as the former blue-chip company tries to avert a total collapse. This marks the second such repayment in less than 24 hours. Vault 25977, reportedly owned by Celsius, showed a series of payments starting June 14. Its liquidation has dropped to $2,722. Earlier...Read More
[PRESS RELEASE – Greenwich, Connecticut, 5th July 2022] Spritz will enable its customers to seamlessly link their credit cards, mortgage, student loans and more monthly expenses directly to their crypto wallet and make payments in USDC on the Polygon networkSpritz Finance, a Web3 bill pay platform for decentralized finance (DeFi) users to easily pay their...Read More
Huobi’s subsidiary, HBIT, has received a license from the US Financial Crimes Enforcement Bureau’s (FinCEN) Money Services Business Registration (MSB). This will help the cryptocurrency exchange to conduct digital currency-related business in the US in the future. Huobi’s US Push The Chinese cryptocurrency exchange attempted to enter the US market in 2018 but withdrew immediately....Read More
It comes as no surprise that worsening macro-factors have been the cause of the current crypto bear market. However, Coinbase confirmed the notion in a blog post on July 5, adding that the other third was caused by a weakening outlook for cryptocurrencies. Coinbase noted that the correlation between crypto and traditional markets has risen...Read More
This blog presents an introduction to Bitcoin Magazine Pro’s latest report, entitled: ‘Contagion Report – June 2022.’ You’ll find the full report here. Bear markets are for building, but also for learning lessons. If we add to our understanding of the crypto markets, we will be stronger for the next bull. Thanks to our partnership...Read More
The cryptocurrency brokerage firm – Voyager Digital Ltd. – and its two subsidiaries (Voyager Digital LLC and Voyager Digital Holdings) filed for Chapter 11 Bankruptcy with the Southern District of New York. The step comes a few days after the company halted trading, deposits, and withdrawals on its platform. Voyager Digital becomes the latest crypto...Read More
With the recent rise of crypto trading firms suspending essential services due to liquidity-related issues, speculations on the next victim of the ongoing market crash have also gone rampant in the community. CryptoCom CEO Kris Marszalek took the latest rumors against his exchange to Twitter, clarifying that it did not implement withdrawal restrictions nor run...Read More
Jim Cramer is a CNBC host and well-known stock market commentator.He hosts a show called “Mad Money” . Earlier today Jim Cramer said that, crypto currency has no value will having an interview . By saying this he embarked his statement with analysis. He stated that why should the crypto market elevate down from $3trillion...Read More
As we continue to enhance the BitMEX platform for our users, we will be facilitating a minor upgrade to our database that will temporarily halt trading in our Testnet environment on Thursday, 7 July at 01:00 UTC, and our production (Mainnet) environment on Thursday, 14 July at 01:00 UTC. The system will continue in cancel-only...Read More
Sequoia Capital’s Chinese subsidiary will reportedly secure $9 billion for four new funds. Those will be distributed towards supporting fintech and cryptocurrency startups in China. According to a coverage by The Information, the venture capital firm’s fundraiser will surpass the company’s initial target of $8 billion. If accomplished, the amount will become the largest capital...Read More
