Brazilian digital payments startup PicPay is diving fully into the cryptocurrency wormhole, announcing a series of Web3-focused services ranging from the launch of a stablecoin to a fully-featured cryptocurrency exchange. With more than 62.9 million registered users, PicPay is one of Brazil’s most prominent startups. Until today’s announcement, the fintech has focused on offering a...Read More
The largest mobile operator in South Korea – SK Telecom – reportedly joined forces with crypto firms AhnLab Blockchain Company and Atomrigs Labs to release a digital wallet. The feature will provide cryptocurrency services and access to the Web3 ecosystem. According to a recent report, users of the wallet will be able to receive, transfer,...Read More
The dimension of DeFis welcomed a new stout project to its league in the year 2020. The project we are referring to here is AMP, which is renowned for operating on the Flexa Network. AMP aims to ensure that the transactions and the underlying data are sped up, whilst being secured. The project also aims...Read More
American video game retailer GameStop has finally launched its long-awaited non-fungible token (NFT) marketplace. According to an official press release on Monday, the platform will enable gamers, creators, and avid NFT collectors to buy, sell, and trade digital collectibles. At the time of writing, over 230 NFT collections were listed on the platform. The release...Read More
Cryptocurrency brokerage firm Voyager Digital has provided an update on its restructuring plan to compensate its customers and resume their account access. The firm clarified that while their USD deposits are safe and secure, it cannot guarantee what portion of their crypto will be returned. Crypto Not Protected by FDIC In a statement on Monday,...Read More
The bloodbath will probably worsen, at least, until the end of the year as inflation will remain above 5%, and regulatory crackdowns against the industry deepen, according to the annual report published by crypto research firm Messari. Examining the industry through a long-term perspective, however, the firm said institutional investments have grown steadily YoY despite...Read More
TL;DR — We’ve upgraded Coinbase Prices and rebranded it as Coinbase Explore to provide users with a single platform to research the entire cryptoeconomy The cryptoeconomy is about far more than buying and selling and assets. But as more people do more with their crypto — earn, lend, collect NFTs, build communities, etc. — they...Read More
Twitter’s stock steeply fell in premarket trading on Monday after Elon Musk withdrew his offer to purchase the platform last week. Its shares trade for $34.31 at the time of writing, down 6.89% from Friday’s $36.85 closing price. Twitter VS Elon Musk The new price reflects a 36% discount from Elon Musk’s offer to purchase...Read More
The lawyers seeking emergency provisional relief said the founders of the beleaguered hedge fund, Three Arrows Capital, are nowhere to be found and “have not yet begun to cooperate with the Foreign Representatives in any meaningful manner.” Lawyers Accuse 3AC Execs of Being Uncooperative The nearly decade-old hedge fund was founded by former schoolmates and...Read More
The Terra (LUNA) crash was one of the decisive moments for the whole crypto space where the stability of stablecoins and the whole crypto market were questioned. In just one week, the crash washed-out $40 billion of investor’s money. However, very soon after the Terra crackdown, Polygon found an opportunity and approached Terra for help....Read More
A plethora of NFT projects, devs, and their ecosystems were left stranded in the Terra wreckage. Two months later, almost 50 crypto projects and their coders based on the fallen network have now found a new home in Polygon. The projects include P2E metaverse, Lunaverse, the A.I. generated NFT universe, DystopAI, and Terra’s more successful...Read More
The Financial Stability Board (FSB) – an organization created by the G20 countries that supervises the international monetary system – will reportedly propose a regulatory framework focused on digital assets. The draft bill comes as a result of the recent turmoil in the market and will have a global character. “Robust” Rules to Limit the...Read More
[PRESS RELEASE – Singapore, Singapore, 10th July 2022] The developer team behind Project Godjira, SkyVerse, and many other NFT projects, 0xytocin Labs, has acquired Chain Scouts to enhance their ecosystem and develop exciting NFT products. With a team of over 30 safe NFT drops and over 5000 ETH processed through their products, 0xytocin Labs has...Read More
A recent study conducted by MLIV Pulse revealed that 60% of the surveyed Wall Street investors believe bitcoin dropping to $10,000 is a more possible scenario than the asset rising to $30,000. The poll further estimated that professional investors are more supportive of the cryptocurrency industry than retail investors. Pessimism Reigns Among Wall Street Investors...Read More
OMNI – an NFT finance platform that lends out cryptocurrency in exchange for staked NFTs – fell victim to a re-entrancy exploit that led to the loss of nearly 1,300 ETH, worth $1.4 million at the time. It seems a reentrancy-related hack. @ParallelFi @OMNI_xyz The stolen funds were just mixed via @TornadoCash https://t.co/Nyunlkk3rr pic.twitter.com/XxxVyX80Fq —...Read More
The full version of our app – BitMEX Mobile* – is now ready for download, bringing with it all-new features – spot and crypto derivatives trading. It’s an addition that makes trading on BitMEX a whole lot easier and more accessible. What’s more, the app offers all the tools you need to execute trades, track...Read More
Cryptocurrency lender Celsius is trying to overcome the hypothermia caused by the crypto winter and position itself again as a reliable service on the market, gaining its credibility once again. And to achieve this goal, it’s turning to legal experts. According to the Wall Street Journal, Celsius hired the law firm Kirkland & Ellis LLP...Read More
A study conducted by the United Nations (UN) determined that 8.5% of Kenya’s population own digital assets, which makes up around 4.25 million people. This makes the country a leader in cryptocurrency adoption across Africa, while globally, Ukraine ranks first, with 12.7% of its residents being HODLers. Kenyans’ Surging Appetite for Crypto Kenya – an...Read More
