Nigeria’s Federal Ministry of Communications and Digital Economy (FMCDE) has approved the National Blockchain Policy as the country doubles down on creating a blockchain-powered economy. The adoption of the policy by the government will pave the way for the formal utilization of the technology in the country, which has seen significant crypto adoption in recent...Read More
Santiment – a crypto markets intelligence platform – has a bullish outlook on Bitcoin after the Federal Reserve increased its benchmark interest rate by another 25 basis points on Wednesday. In a follow-up blog post, the firm claimed that the top crypto is showing “some promising rise potential” – particularly as its correlation to equities...Read More
North Carolina’s House of Representatives unanimously voted in favor of a bill banning the acceptance of Central Bank Digital Currencies (CBDCs) by government entities. The legislation follows a wave of vocal opposition to CBDCs from the Republican party, alongside some critics from the Democrat side. North Carolina Rejects CBDCs The vote on May 3 saw...Read More
According to data from the crypto financial service platform Matrixport, the narrowing wedge that has been in formation for the past three weeks is about to break to the upside. Such a trend could project a move higher by an equal amount to the range at which the triangle started to form. A breakout could...Read More
The crypto market has seen a series of ups and downs in recent times. While the Federal Reserve’s recent interest rate hike has had a minor influence on altcoins, unlike Bitcoin, Cardano’s native currency, ADA, appears to be defying the odds. Despite the current market downtrend, there are several factors pointing towards a bullish outlook...Read More
[PRESS RELEASE – MANCHESTER, UK, May 4th, 2023] Future house pioneer Oliver Heldens performs alongside Manchester City player Jack Grealish in first-of-its-kind ‘Mixing in the Metaverse’ DJ set Exclusive musical performance includes new track created by Grealish and Heldens OKX, one of the world’s leading Web3 technology companies, today hosted an exclusive DJ set performed...Read More
Injective – a layer 1 blockchain – announced the integration of Pyth with the Injective mainnet. The move should allow decentralized applications (dApps) to access any of Pyth’s on-chain data for hundreds of markets covering equities, commodities, and foreign exchange pairs, in addition to crypto. According to a press release shared with CryptoPotato, Injective revealed that...Read More
[PRESS RELEASE – Mahe, Seychelles, May 4th, 2023] BitMEX, a leading cryptocurrency derivatives exchange, today announced the listing of two new perpetual contracts, PEPE and SUI. BitMEX is proud to be the first derivatives exchange to list SUI Perpetuals Contracts and the second to list PEPE Perpetuals Contracts. The recent meteoric rise of PEPE has...Read More
Court documents filed on May 3 reveal FTX is attempting to claw back funds in the form of repaid loans, withdrawn liquidity, and collateral from fellow bankrupt platform Genesis. The total sum at stake amounts adds up to over $3.88 billion across all entities affiliated with Genesis. Accused of Enabling FTX’s Misconduct In the documents...Read More
A new attraction has hit the crypto scene in the last few days; Yachty is a unique project currently in its presale run that could evolve into a top-tier platform adopted by countless investors! And with prominent tokens such as Flow (FLOW) and Solana (SOL) slowly losing the gains they achieved at the start of...Read More
The highly anticipated SUI mainnet went live on May 3rd. In an announcement, the Sui Foundation – the organization behind the development of the network – revealed that the builders and users will be able to access the Layer 1 blockchain, which enables devs to build freely without being restricted by complex infrastructure. SUI Launch...Read More
[PRESS RELEASE – Calgary, Canada, May 3rd, 2023] Portals, the platform that simplifies Web3 by enabling anyone to bundle complex DeFi actions, has announced the successful close of a $2M seed funding round led by Lightshift Capital, with participation from Poolside, Basement Labs, LongHash Ventures, Daedalus Angels, Mechanism Capital and leading angels 0xMaki, Mathieu Baril,...Read More
The largest US crypto exchange announced that it will be deprecating its lending product, Coinbase Borrow, on the 10th of May. According to a spokesperson for the company, the product no longer garnered enough interest to justify allocating funds for it. Loans taken out using the program will remain active until their conclusion. Decision Not...Read More
