On Sept. 30, Visa’s Global CBDC Product Lead, Catherine Gu, wrote that the company’s research and product teams are working on a new blockchain initiative called Universal Payment Channel (UPC). The cross-chain interoperability hub will connect different DLT networks to facilitate transfers of digital assets. Gu used the example of splitting a bill between friends...Read More
The digital fintech platform COTI has announced its latest products that will provide Visa debit cards and bank accounts to users. Its partner in the initiative is the financial institution Simplex. COTI’s New Services COTI (Currency Of The Internet) – a blockchain platform allowing organizations to build their own payment solutions – has expanded its...Read More
Speaking at CNBC’s Delivering Alpha conference on Sept. 29, a16z partner Katie Haun said the U.S. should look towards China for what not to do. She was referring to Beijing’s incessant crackdowns on the crypto industry and any activities related to the trade of digital currencies. In her view, financial regulators in the U.S. should...Read More
El Salvador’s state-owned digital wallet company “Chivo” will be granting citizens a discount on fuel payments. This provides greater incentives for citizens to use Bitcoin as a medium of exchange. Chivo Partners With Major Gas Companies Nayib Bukele – President of El Salvador – announced the new benefit yesterday over Twitter. The reveal was part...Read More
The world’s largest cryptocurrency exchange, Binance, continues to employ high-profile investigators as part of efforts to boost the company’s compliance measures. New Audit and Investigations Lead for Binance In an official press release on Thursday (September 30, 2021), Binance announced that Tigran Gambaryan will be the company’s new VP of Global Intelligence and Investigations. Gambaryan’s...Read More
The American comic book publisher – DC Comics – partnered with Palm NFT Studio to launch its collection of non-fungible tokens. The NFTs will feature superheroes like Superman, Batman, Wonder Woman, and more. DC’s Superheroes as NFTs One of the largest and oldest US comic book companies – DC Comics – will double down on...Read More
The Puerto Rican billionaire businessman – Orlando Bravo – believes cryptocurrencies will play a significant role in the future monetary system. He admitted that he is a bitcoin owner as he anticipates its price to surge in the following years. ‘How Could You Not Love Crypto?’ Orlando Bravo – Co-Founder and Managing Partner of Thoma...Read More
The United States Securities and Exchange Commission (SEC) Chairman, Gary Gensler, has once again renewed his support for the approval of Bitcoin Exchange-traded Funds (ETFs) in the country. Gensler told the Financial Times’ Future of Asset Management North America conference that his main focus is on Bitcoin ETFs that invest in futures contracts and trade on...Read More
EvolveETF – a Canadian ETF provider – has just launched Canada’s first multi-cryptocurrency exchange-traded fund. The product is backed by the two largest cryptocurrencies by market cap: Bitcoin and Ethereum. Crypto Diversification in an ETF As announced this week from EvolveETF’s site, the new fund has already begun trading on the Toronto Stock Exchange (TSX)...Read More
The Tourism Authority of Thailand (TAT) plans to create a utility token called the TAT coin. To implement it in the country’s financial network, though, the state agency would need approval from the related organizations. Crypto Can Bring Back Tourists to Thailand According to a recent report by Bangkok Post, the Tourism Authority of Thailand...Read More
Chris Vermeulen – Founder and CEO of Technical Traders LTD – opined that bitcoin’s USD value would increase to $90,000 in about a year. Nonetheless, its price might plunge to $16,000 on its way to the new all-time high record. How Does The Road to The Top Look Like? In a recent interview for Kitco,...Read More
These Are the Top 5 Cryptos to Keep an Eye On Solana (SOL) Solana is one of the coins which has been receiving attention and glitter in the crypto industry. One interesting thing with the platform is NFTs. Lately, a lot of the NFTs are launching on Solana. And infrastructure for NFTs is coming into...Read More
Ripple has announced the establishment of a new fund worth $250 million to support the building of non-fungible token projects on its XRP ledger. The company promised to provide artists with the necessary support. Ripple took it to Twitter earlier on September 29th to outlined its newest endeavor, which this time will focus on the...Read More
After China recently banned all crypto-related activities in the country, crypto exchange Huobi Global had to limit mainland Chinese citizens from registering on the platform. As a consequence, the Huobi pool – the eighth biggest BTC pool- is now moving a massive amount out of their funds, possibly to cover the client withdrawal needs on...Read More
The Swiss Financial Market Supervisory Authority (FINMA) has greenlighted the Crypto Market Index Fund to be the first cryptocurrency-oriented investment vehicle operating within the country with the proper licensing. According to the Reuters report from earlier on September 29th, the Crypto Market Index Fund will be available to qualified investors only. Switzerland’s financial watchdog said...Read More
The American fintech company – Verifone – will enable cryptocurrency payment options to its clients through a collaboration with the bitcoin payment service provider – BitPay. The service will be available later this year as initially it will be introduced only in the United States. The New Crypto Opportunity According to a recent press release,...Read More
The year 2021 is a milestone year for several altcoins. Many altcoins skyrocketed due to a confluence of factors. One such coin making headlines in the market with its overall performance is THORchain. The crypto space welcomes such coins which can adapt to the rapidly varying market conditions and grow. THORChain has shown such behaviour...Read More
Popular non-fungible token (NFT) gaming platform Axie Infinity continues to see increased adoption from users, following exponential growth in the number of wallet addresses. Axie Sees Surge in Address Holders According to data provided by IntoTheBlock on Tuesday (September 28, 2021), Axie Infinity Shards (AXS) ownership is on the rise, with 17,480 address holders. This...Read More
Central, Northern, and Western Europe (CNWE) has grown into the world’s largest cryptocurrency economy since July 2020. The region experienced a massive increase in trading activity since then– particularly in the DeFi space. The European DeFi Boom Data from Chainalysis shows that CNWE received over $1 trillion in cryptocurrency over the last year alone. This...Read More
According to a recent report, Revolut seeks approval from UK’s securities regulator to launch its exchange token. Should the initiative be greenlighted, it will start from Europe and other non-US-based locations. Citing people familiar with the matter, CoinDesk reported earlier that Revolut – a leading fintech firm – wants to release its cryptocurrency token. One...Read More
The social media giant announced earlier this week its plans to create its own metaverse with the help of multiple parties. To do so, Facebook will allocate $50 million for research and program partners. Facebook’s Swing at Metaverse The company’s announcement reads that Facebook will not rely on a single company to build the project...Read More
Morgan Stanley – the global financial services mogul – continues to increase its exposure to Bitcoin through Grayscale’s BTC trust. Morgan Stanley continues to increase its exposure to Bitcoin. As CryptoPotato reported back in August, the financial services company’s Insight Fund held 928,051 shares of Grayscale’s Bitcoin Trust. A recent filing with the United States Securities and...Read More
The National Development and Reform Commission of the People’s Republic of China has seized 10,100 cryptocurrency mining rigs from a government-operated tech park in Inner Mongolia. The operation marked the 45th such confiscation in that province. China against Crypto Mining Just a few days after it once again reminded that dealing with digital assets is...Read More
In the cryptocurrency market, there has been a broad-based recovery. Most cryptocurrencies, including XRP, Cardano, Polkadot, Dogecoin, Chainlink, and Litecoin, remained bullish with Bitcoin and Ethereum. Micheal van de Poppe, a well-known crypto analyst and trader, has identified the top five cryptocurrencies to watch in October. chainlink Van de Poppe informs his 130,000 YouTube subscribers...Read More
Layer 2 scaling solution, Celer Network, has recorded an impressive milestone, as trading volume on its recently-launched cBridge has surpassed the $200 million mark, a week after reaching $100 million. Celer’s cBridge Volume Hits $217M According to data on the Celer’s analytics webpage, the cBridge currently has a total trade volume of more than $217...Read More
Rosie Rios – 43rd Treasurer of the United States – recently voiced her support for XRP. Meanwhile, she implies that Bitcoin and Ethereum are merely speculative assets by comparison. Rios Backs Ripple The former treasurer tweeted her thoughts yesterday, stating that XRP has a role in facilitating cross-border payments, while the current top cryptocurrencies lack...Read More
The cryptocurrency market never ceases to amaze. One of the most popular centralized exchanges – Bitfinex – spent over $23 million worth of fees to send $100K USDT using Ethereum’s network. In what seems to be the most expensive transaction made on Ethereum, Bitfinex, the well-known cryptocurrency exchange, paid over $23M worth of ETH. Interestingly...Read More
Emurgo, the commercial branch of the Cardano ecosystem, has released a new product focusing on investing in startup protocols that want to build on the Cardano blockchain. This comes after several notable announcements from Charles Hoskinson’s team in the past few days. The official press release reads that the new investment vehicle, which will be...Read More
TurboXBT boasts the fastest trading experience around. The bold claim extends across both the blistering quick signup process and the supercharged short-term synthetic trading contracts on digital assets, forex, commodities, and stock indices. But would you believe that TurboXBT is so speedy that from signup to the first trade takes only three total minutes? Everything...Read More
One of the most popular decentralized exchanges, dYdX, has reached a significant milestone in its development as the overall trading volume on a 24-hour period surpassed that of the largest US-based centralized exchange – Coinbase. dYdX Surpasses Coinbase Built on the Ethereum blockchain, dYdX is a DEX supporting perpetual, margin, and spot trading, as well...Read More
