Recent survey conducted by TResearch estimated that nearly 93% of Salvadorans approve of the leadership of President Nayib Bukele. This has been the highest level of support for the political leader who stepped into his role in 2019. Bukele is a well-known figure across the cryptocurrency community, mainly due to his pro-Bitcoin stance. Under his...Read More
In an attempt to improve user experience and introduce major lifestyle upgrades, RBX network is launching a suite of on-chain security features called RBX Reserve Accounts. The push comes as part of its most recent Spartan Wallet Update. It’s aimed at providing users with on-chain recovery, as well as callback features, in a bid to...Read More
Stablecoins are a “form of money” over which the central bank ought to have some level of authority, said Federal Reserve Chairman Jerome Powell before Congress on Wednesday. The chairman also confirmed that the Fed does not intend to directly issue a Central Bank Digitial Currency (CBDC) in the United States. During a hearing related...Read More
Hackers who targeted Atomic Wallet earlier this month are laundering large sums of stolen XRP through centralized exchanges, on-chain data shows. According to xrpforensics on Twitter, the hackers began “heavily laundering funds,” on Monday, spawning new blockchain addresses to avoid blocklists established by crypto exchanges. “We’re monitoring and working closely with exchanges to try and...Read More
Just a few days ago, Bitcoin was consolidating heavily below $27,000 and failing to rise above these crucial levels. While the targets set for the flagship crypto were initially at $26,600, then $27,600, and finally $28,800, which acted as major resistance for a while. However, as the huge players entered the crypto space, the investors...Read More
Huobi founder Li Lin has accused the crypto exchange of using the Huobi trademark, an action that supposedly goes against the agreement in the original acquisition contract. According to Chinese crypto reporter Colin Wu, X-Spot Co. Limited, controlled by Li Lin, has filed a lawsuit in the High Court of the Hong Kong Special Administrative...Read More
Tether – the company behind the largest stablecoin – announced the launch of USDT on Kava (a layer 1 proof-of-stake blockchain network). Following the latest development, the token is now live on over a dozen networks, including Ethereum, NEAR Protocol, Solana, Tron, Algorand, and more. The stablecoin issuer praised Kava network for its scalability and...Read More
Invesco – an American investment company with over $1.4 trillion of assets under management – reactivated its attempts to launch a Bitcoin Spot exchange-traded fund (ETF) in the United States. WisdomTree – another US finance giant – submitted a similar application to the SEC. The latest efforts come a few days after the world’s largest...Read More
Binance has deepened its presence in the country of Kazakhstan, despite the ongoing regulatory turmoil in other parts of the world – namely, the United States. The world’s largest cryptocurrency exchange – Binance – has launched a regulated digital asset platform in Kazakhstan. According to the official release: The new platform will offer Kazakhstani users...Read More
As the crypto market is currently lurching violently, investors have become more risk-averse, and are preferring stable real-world utility tokens. Therefore, the demand for the newly-launched project, Tradecurve, has skyrocketed in just a few weeks. Experts believe that TCRV will overtake established projects like Algorand (ALGO) and Axie Infinity (AXS). But why do experts think...Read More
The case between the US Securities and Exchange Commission (SEC) and Ripple is raging on, pending a ruling which some estimate to be coming relatively soon. That said, John Deaton, a lawyer representing thousands of XRP holders, has recently reviewed and agreed on a Twitter thread that criticizes the position of the SEC. Although that’s...Read More
[Press Release – Hong Kong, June 21st, 2023] The Earn Network, a community-driven marketplace for liquid investments, is happy to announce the successful completion of its Seed Funding round that raised $2.7 million from VCs and Angel investors. As per the announcement, the round was led by Shima Capital. The event saw the participation of...Read More
On June 20, institutional-grade Bitcoin mining firm Iris Energy announced an expansion plan to 9.1 EH/s (exahashes per second) from its current 5.6 EH/s. It also stated that there would be a “revitalization” of its high-performance computing (“HPC”) data center strategy. Iris is a 100% renewable energy Bitcoin miner targeting low-cost, under-utilized renewable energy. $IREN...Read More
