Binance CEO Changpeng Zhao (CZ) has provided clarifying details on its relationship with WazirX – the crypto exchange whose assets were recently frozen by Indian regulators. While Binance was indeed partnered with the firm, CZ said it held no equity in WazirX’s operator Zanmai Labs. What’s the Deal Between Binance and WazirX? In a Twitter...Read More
Major social media platform Meta announced the support of non-fungible tokens (NFTs) for Instagram creators and businesses in additional 100 countries while also integrating with the Flow blockchain, Coinbase Wallet, and dapper. According to an updated blog post on Thursday (August 4, 2022), Instagram users in 100 countries in the Asia- Pacific, Africa, the Americas,...Read More
Uniswap community members are looking to create a new entity called the Uniswap Foundation, which would address some shortcomings and improve the growth of the protocol’s decentralized ecosystem. The proposed Uniswap Foundation is seeking a budget of $74 million to be disbursed twice while also requesting over two million UNI tokens to participate in the...Read More
Today the world’s first cryptocurrency, Bitcoin opened the market on a bullish note. Bitcoin price has reclaimed its $23,000 price levels after facing a downfall for the last couple of days. Now, though the flagship currency is hovering just above its $23,000 range, the currency is still much behind before it revisits its all-time high...Read More
Leading American cryptocurrency exchange Coinbase has been hit with another lawsuit. This time, a group of investors claimed that the company made false and misleading statements, which caused its stock price (COIN) to plummet heavily between April 14, 2021, and July 2022 (Class Period). Coinbase went public on April 14, 2021, through a direct listing...Read More
Former BitMEX CEO Arthur Hayes says he expects Ethereum to reach $5,000 by the end of Q1 2023. His estimate is based on a dual expectation that the Federal Reserve will ‘pivot,’ and that the Merge upgrade will be successful – both of which will bolster the price of the second-largest cryptocurrency. Inflationary Dollar, Deflationary...Read More
American digital payments company Block Inc.’s second-quarter (Q2) revenue dropped by 6% year-over-year (YOY) to $4.4 billion. Although the numbers still topped Wall Street’s expectations of $4.35 billion, it suffered a loss of $208 million during the quarter, the Associated Press reported. Following the Q2 results, Block shares slipped 5.35% to $84.90 in after-hours trading on...Read More
Uniswap, the Ethereum-based exchange has been quiet on the tear since June 18 but suddenly jumped up with a steep gain of 150% in these past seven weeks. With its strong price rally, UNI is now the 15th largest crypto in terms of market cap. The popular DeFi asset is said to be leading because...Read More
The US Bankruptcy Court in New York ruled on August 4 that Voyager had provided a “sufficient basis” to support its claim that customers should get access to some of their funds. A custodial account held at Metropolitan Commercial Bank (MCB) contains at least $270 million in cash that the company disclosed when it filed...Read More
On August 4, Binance announced its partnership with Mastercard, a multinational financial services company known for its lineup of credit cards, to launch a prepaid cryptocurrency card in Argentina. As per an official statement, Argentina has become the first Latin American country to have a Binance prepaid card, which is expected to be “widely available...Read More
One of the leading economies in Asia – Japan – will once again have cryptocurrency automated teller machines (ATMs). Despite being a financial hub, the country removed all such devices in 2018 following a hack against a local exchange. The number of cryptocurrency ATMs across the globe has rapidly increased in the past few years....Read More
