Research conducted by the information service provider Bankinform estimated that many Russians are interested in the news surrounding the potential launch of a digital ruble. However, 32% are not in favor of such a monetary product, viewing it as some sort of scam. The world’s largest country by landmass has been among the most active...Read More
Digital asset platform Bakkt Holdings is refocusing on its cryptocurrency custody solutions due to recent market events and increased client interest. In a Q2 earnings report, Bakkt touted its “compliant and trusted” custody platform, citing the current need for multi-custodian access and self-custodial functionality due to clients’ difficulty in storing digital assets safely. Bakkt Renews...Read More
The crypto crusade travelling far and wide has reached El Salvador. After intense scrutiny, Binance became the first licensed exchange in El Salvador. Meanwhile, Axie Infinity (AXS) and Pomerdoge (POMD) are actively booming on the market daily charts, prompting analysts to pay attention to the tokens. The Pomerdoge (POMD) Presale Binance Sign Off in El...Read More
However, fundamentals for the asset and network are as strong as ever. On Aug. 11, crypto industry and DeFi analyst Miles Deutscher highlighted some of Ethereum’s bullish fundamentals. “It’s hard not to be ridiculously bullish on Ethereum,” he said. Ethereum Fundamentals Strong Firstly, some of the world’s largest companies, such as PayPal, have chosen Ethereum...Read More
American payment goliath Visa is exploring ways to facilitate payment of on-chain gas fees through the use of a Visa card. In a recent report, Visa’s Product Manager Mustafa Bedawala emphasized a challenge associated with cryptocurrency wallets faced by users which requires them to constantly manage their ETH balance to cover gas fees. The company...Read More
In a recent video that has been widely shared, Vitalik Buterin, co-founder of Ethereum, openly expressed his criticism of XRP. He stated that he believes XRP is still completely centralized. During a discussion about the criteria for crypto projects’ participation in the industry, Buterin mentioned that not every project is required to follow decentralization principles....Read More
Nansen – a blockchain market intelligence firm – released a report on Tuesday analyzing how the earliest whales to onboard Coinbase’s layer 2 blockchain – Base – are using their money. Here’s what the company found. Early whales largely allocated to Ethereum and its layer 2 networks. As of August 7, the most value held...Read More
[PRESS RELEASE – London, UK, August 12th, 2023] Binance Labs, the venture capital and incubation arm of Binance, has committed 10 Million USD to Helio Protocol, a project combining over-collateralized lending of its native decentralized stablecoin, HAY, with staking-as-a-service (StaaS) and LSDfi infrastructure, with approximately combined 300 million USD in TVL, of which 260 million...Read More
The meme coins have become a hot investment option in the crypto world. Moreover, if a meme coin comes with a utility, investors are waiting to pounce on the project. Such projects carry the popularity and market growth of meme coins and the stability of utility tokens. Therefore, no sooner did Pomerdoge launch its presale,...Read More
Imagine making an online payment to a stranger without going through a bank and you still get a reliable and verifiable transaction history. This is how decentralization works. It is the type of process that gives cryptocurrencies the upper hand against traditional currencies. It eliminates the need for intermediaries and allows parties to engage in...Read More
Sam Bankman-Fried was reportedly sent to jail on Friday as US Judge Lewis Kaplan denied his lawyers’ request to delay detention. The former crypto mogul’s court date is set for October 2nd, and he could sit in a jail cell until then if the appeal is unsuccessful. CryptoPotato reported last month the allegations presented by...Read More
Prominent Hong Kong-based e-gaming player – Boyaa Interactive International Limited – announced that its board of directors has approved a budget of $5 million to purchase cryptocurrencies. Informing the company’s shareholders and future potential investors, Boyaa said it will buy mainly Bitcoin (BTC) and Ether (ETH) on regulated and licensed trading platforms in the coming...Read More
Bankrupt cryptocurrency firm Voyager has transferred 1,500 ETH and 250 billion SHIB, worth a total of approximately $5.5 million, to Coinbase. The crypto firm is also planning to move all the remaining tokens to its main address to streamline operations and manage its holdings efficiently. With $81.63 million worth of cryptocurrency now held in Voyager...Read More
