Swiss-based digital asset bank Sygnum has added Cardano (ADA) to its bank-grade staking services for institutional clients. The bank’s customers can now earn rewards for staking ADA, the eighth largest cryptocurrency by market cap. According to a press release, Cardano has joined the list of other cryptocurrencies supported on Sygnum’s staking offerings, which currently consist...Read More
Gucci is expanding the number of supported cryptocurrencies that it accepts for payment, the latest addition being ApeCoin. APE is the native ERC-20 token of the BAYC NFT collection, a subsidiary of Yuga Labs. The iconic Italian fashion house revealed that the Bored Ape Yacht Club (BAYC) token will be available as a payment option...Read More
Nomad exploit was one of the biggest cryptocurrency hacks in history. As a result, over $190 million worth of funds were drained. It was branded as “one of the most chaotic hacks that Web3 has ever seen.” PeckShield has detected the recovery of $9 million in different crypto-assets to the cross-chain bridge. As per the...Read More
Since the time when Solana (SOL) price hit an all-time high of $259 in November 2021, the currency has been riding on a downhill. In the month of July 2022, Solana even hit a low of $25.86, a drop of 90% from its all-time high. Meanwhile, today when the Solana community woke up with news...Read More
The crypto market has opened the month of August on a bullish note and now all the major cryptocurrencies are flashing green. Along with Bitcoin, Ethereum price too has gained its crucial price level. Meanwhile Michael van de poppe expresses his bullish stance on Ethereum during his recent technical analysis session. As per the analyst,...Read More
Galoy – an open-source Bitcoin banking platform – has introduced a new feature allowing individuals to hold U.S. dollar balances over Bitcoin’s lightning network. However, unlike other attempts to bring dollars to the blockchain, the feature uses neither stablecoins nor a direct fiat payment integration. Backing Dollars With Bitcoin As explained in a video shared...Read More
South Korean blockchain venture capital firm Hashed has revealed that it plans to raise more funds to support GameFi projects after losing more than $3.5 billion to the Terra LUNA crash in May. Hashed CEO Simon Seojoon Kim told Bloomberg in an interview that he is still bullish on crypto assets and will continue backing...Read More
[PRESS RELEASE – Singapore, Singapore, 2nd August, 2022] OutSad has launched a unique collection of NFTs designed to help metaverse explorers express their emotions. Recognizing the constraints on interpreting social cues within virtual environments, OutSad comprises a series of mood-changing characters that can accompany their owner as they roam parallel universes. The culmination of 700...Read More
[PRESS RELEASE – Dallas, Texas, 2nd August, 2022] New Cross-chain Interoperability via WanBridge Provides More Robust Options for Instant Settlement Impel is pleased to announce today that bitcoin (BTC) has been added to its ISO 20022 financial messaging API as optional collateral for making payments. This addition enables BTC to be used in the instant...Read More
Blockchain company Alchemy and innovation hub Astar Network will collaboratively power developer tooling on Polkadot. As such, the two entities have partnered to accelerate web3 development on Polkadot. As per the press release shared with CryptoPotato, the move essentially aims to simplify the process for developers to create decentralized applications on Polkadot’s leading parachain –...Read More
Coinshares – the largest digital asset investment group in Europe – has published its quarterly financial report. In it, the company laid out its performance during the past 3 months and its anticipated ventures for the next quarter. One-Off Loss Due to Terra Collapse Kept in Check Unsurprisingly, the asset management firm announced a significant...Read More
Bitcoin & Ethereum prices have risen in the recent past as an outcome of the July FOMC meeting outcome. Now when the assets have depleted considerably, it is very important to know whether the present trend is just a relief rally or a sustained upswing which intends to test the upper targets. However, as per...Read More
The hackers have targetted Solana users with millions of funds being drained from thousands of wallets. On-chain data shows that, so far, the losses have been estimated to be around $8 million from over 7,000 compromised wallets. This number has been rising at around 20 per minute, according to Ava Labs CEO and founder Emin...Read More
(Any views expressed in the below should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.) Today’s the day. A new breed of crypto derivative – the perpetual FX contract – is now live and ready for trading.It’s an addition that means users...Read More
There’s about to be a new way for users to participate in the Optimism ecosystem, with OPUSD and OPUSDT scheduled to go live on 5 August 2022 at 04:00 UTC. When our new Bitcoin- (XBT) and Tether- (USDT ERC-20) margined contracts go live in just a few days’ time, users will be able to get...Read More
The US Department of Justice sentenced the 40-year-old resident of Pelahatchie, Mississippi – Jessica Sledge – to the statutory maximum of 10 years in Federal Prison. In 2021, the woman hired a “hitman” and paid him $10,000 worth of bitcoin to murder her husband. Additionally, the authorities jailed the citizens of Orange County – Jeremy...Read More
