XP Inc. – one of Brazil’s largest brokerage companies – expects to release its cryptocurrency platform by the middle of August 2022. Initially, the entity will allow trading with bitcoin (BTC) and ether (ETH), while it could add more digital assets later in the year. Crypto’s Decline Is Not a Concern to XP In May...Read More
Coinbase (COIN) closed at $52.93 on Tuesday – 21% down from the day’s starting price of $61.74. It is now down 75% on the year, and 84% down from its all-time high. The decline is likely related to the Securities and Exchange Commission (SEC)’s newly revealed probe against the popular exchange. The regulator believes that...Read More
Kraken – a popular US cryptocurrency exchange – is reportedly being investigated by the Treasury Department for allegedly servicing sanctioned Iranian users. The department is expected to levy a fine against the exchange. Would Kraken Break the Law? As reported by the New York Times, the investigation was revealed by five people affiliated with Kraken....Read More
In a case stretching back as far as 2018, Michael Alan Stollery – the CEO of Titanium Blockchain Infrastructure Services (TBIS) – was accused of securities fraud by the SEC due to the way the ICO of his platform was handled. The case reached a turning point this week, as Stollery admitted to one count...Read More
Lido Finance’s decentralized governance body – Lido DAO – has voted against a proposal to sell 10 million LDO tokens (1% of the supply) for $14.5 million in DAI to venture capital firm Dragonfly Capital. Out of the total of 609 votes, 43 million LDO tokens, accounting for 66.61%, were cast to reject the proposal. The...Read More
The House Financial Services Committee has pushed back its long-awaited stablecoin bill to September following objections from Treasury Secretary Janet Yellen. This will delay congressional discussions on the subject until after the August recess, which ends on September 5th. Stablecoins and Bankruptcy The legislation – negotiated between Committee Chair Maxine Waters (D-Calif) and Patrick McHenry...Read More
Siyu Liu, Senior Product Manager; Chetan Rane, Product Manager Tl;Dr: We are excited to introduce the Coinbase Security Prompt: a faster and safer way for our users to verify their identity & activities when interacting with the Coinbase ecosystem. At Coinbase, we believe that our users need to have access to the best security possible...Read More
Off late, digital asset exchange FTX has been offering bailouts to struggling companies and expanding its operations via acquisitions. The latest firm that FTX is in talks for acquisition is – Bithumb. FTX-Bithumb M&A Deal Vidente, which holds a stake in the crypto exchange, has confirmed holding discussions about a potential sale of its stake...Read More
After Bitcoin lost its crucial price level of $22,000 at the start of this week, the entire crypto space seems to be following it on its downward plunge. This price movement has influenced the global crypto market capitalization to fall below $1 trillion. A popular analyst and trader, Tone Vays, believes that Bitcoin will see...Read More
[PRESS RELEASE – Barcelona, Spain, 26th July 2022] A journalist has spent a month tracking his movements via a popular move-to-earn app to answer the question “Can you make money walking with NFTs?”. Ashton Miller, a journalist with MyTopSportsbooks, spent a month walking in non-fungible sneakers. The virtual shoes, represented in move-to-earn (M2E) app STEPN,...Read More
[PRESS RELEASE – Seoul, South Korea, 26th July 2022] KLAP (Klaytn Lending Application), a DeFi protocol operating on the Klaytn blockchain, is set to launch its native token. The KLAP token will be made available for trading on popular decentralized exchange ClaimSwap on July 25th, 10pm ET. The KLAP token will power a range of...Read More
The XRP price in recent times has been trapping the bulls at a higher price constantly and gets rejected as it revisits these levels. A ray of hope was seen when the asset surged beyond the 50-day MA levels a week ago and ranged close to $0.38. However, the bears dragged the price lower in...Read More
As the primary cryptocurrency hovers around $21,000, retracing back from the weeks-high level at $24,100, experts across the industry remain cautious in regards to its upcoming price action. However, emerging signs have indicated that the asset’s price has found a cyclical bottom, reported Bloomberg. A Cautious Attitude In Reign Among Experts The relief rally in...Read More
After CoinFLEX made headlines with “Bitcoin Jesus” Roger Ver over a dispute over Ver purportedly failing to pay $47 million in margin calls, Wu Blockchain disclosed more details regarding the collapses in its latest blog post. The beleaguered exchange did not liquidate Roger Ver’s position in time, noted Wu – an indicator of its poor...Read More
[PRESS RELEASE – Singapore, Singapore, 25th July 2022] DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, officially announces the listing of its native DFI token on Huobi Global, one of the world’s leading cryptocurrency exchanges. The token starts trading against USDT on Huobi on...Read More
[PRESS RELEASE – Tel Adashim, Israel, 25th July 2022] Cybersecurity firm Sayfer has identified a new vulnerability affecting 10% of all NFT projects. The so-called BadReveal vulnerability attacks the minting process of non-fungible tokens, which are meant to be generated randomly. By exploiting the BadReveal bug, an attacker could claim the best and most valuable...Read More
Popular decentralized finance (DeFi) protocol Curve Finance is seeking a grant of one million OP tokens from the Ethereum layer-2 network, Optimism. Curve submitted a grant proposal on the Optimism forum on Sunday (July 24, 2022). The one million OP tokens will provide incentives to liquidity providers (LPs) who provide liquidity on Curve pools on...Read More
The modern era is defined by our access to the internet. Facebook is the leading social networking site, Google controls searches, Whatsapp rules chatting, and Amazon rules eCommerce. Whereas internet transactions are dominated by PayPal. We ultimately rely on centralized services, which have recently expanded to be multi-billion-dollar giants. This has made our data readily...Read More
One of the largest banking institutions in the United Kingdom – Barclays – is reportedly one of the investors in Copper’s latest financing round and will purchase a stake in the company. The initiative could be considered a surprise since the global cryptocurrency sector is in a state of significant decline, while many UK authorities...Read More
