Tezos, the blockchain platform of decentralized governance, will be launching a suite of lending and yield products with the leading DeFi platform EQIFI, providing support for the Tezos blockchain ecosystem. Why EQIFI Chose Tezos According to a press release shared with CryptoPotato, EQIFI favors Tezos for its time-tested on-chain governance, its proof of stake consensus...Read More
The legal case between the United States Securities and Exchange Commission (SEC) and the blockchain company Ripple Labs continues to intensify and this time, the regulator has been granted access to the payment processor’s employee Stack communications. A Win for the SEC As reported by Law360, the SEC earned the discovery win after US Magistrate...Read More
This week saw Bitcoin’s price surging past $50,000 on a few occasions, while altcoins have been charting double-digit gains all along. Let’s start with BTC. The primary cryptocurrency is up about 7% over the past seven days, and it’s currently sitting above the coveted $50K mark. However, it took it a few attempts to go...Read More
The Securities and Exchange Commission has purportedly started an investigation against Uniswap Labs – the leading developer of the giant DEX Uniswap. According to a WSJ report from earlier on September 3rd, the top US securities regulator has gone after the developers of the largest decentralized cryptocurrency exchange – Uniswap Labs. Citing people familiar with...Read More
As the cryptocurrency market continues to grow, being a multi-trillion dollar industry, it keeps garnering the attention of famous individuals. Earlier today, popular actress and entrepreneur Reese Witherspoon outlined his first ETH purchase, while Paris Hilton showcased her support for BTC. Reese Witherspoon Buys Some ETH Born in New Orleans, Louisiana, Laura Jeanne Reese Witherspoon...Read More
With just 5 days to go before El Salvador passes its controversial Bitcoin law, there is still resistance to it, according to a recent survey. A poll by the José Simeón Cañas Central American University (UCA) has revealed that 7 out of 10 El Salvadorans would like lawmakers to repeal the Bitcoin legislation that will...Read More
The central banks of Australia, Singapore, Malaysia, and South Africa will reportedly launch a trial program to test cross-border payments employing different CBDCs. Their mission: to determine whether the move would enable more accessible transactions. The Multinational Partnership Central bank digital currencies appear to be an attractive financial instrument for numerous countries across the globe...Read More
Years after halting its services, the saga with BitConnect has taken another turn as the SEC has filed an action against the founder and some of the promoters. The Commission has alleged that they have swiped more than $2 billion from retail investors through an unregistered offering of digital assets. The SEC Files Charges Against...Read More
The team behind the third-largest cryptocurrency by means of market capitalization – Cardano – announced that they’ve successfully added smart contract capabilities to the current testnet of the platform. Smart Contracts Live on Alonzo In an announcement made on September 2nd, Input Output – the research and development company behind Cardano – revealed that they’ve...Read More
Changpeng Zhao – Founder and Chief Executive Officer of Binance – said the US arm of the cryptocurrency exchange could follow Coinbase and have an initial public offering in the next 36 months. In a recent interview with The Information, the head of Binance – Changpeng Zhao – revealed that Binance.US – the company’s affiliate...Read More
The meteoric rise in the price of the meme-inspired cryptocurrency, Dogecoin, has prompted many other versions of “crypto dog” tokens with the hope of getting a similar effect. While most of these projects have experienced failures due to lack of exposure and liquidity, some appear to be making waves and drawing the attention of the...Read More
There has been no official confirmation yet, but industry observer going by the Twitter pseudonym ‘croissant’ has been connecting the dots for their 53,400 followers. News that GameSpot was developing an NFT platform originally broke in late May when the company stated that it was “officially getting into NFTs.” It launched a website at the...Read More
According to recent research, around 60% of Europeans prefer their own countries to regulate digital assets rather than the European Union. Interestingly, a growing number of people believe the creation of national digital currencies would grant their nations some financial independence from the EU. Crypto Regulations Coming from The EU Is Not Preferable A survey...Read More
Metamask wallet recently broke another personal record for growth and now has over ten million monthly active users of their wallet. In celebration, they will be hosting a party on Decentraland, coupled with a live stream of the event for those who can’t join. Another Milestone for Metamask After announcing their achievement on Tuesday, the...Read More
The leading British financial institution – Standard Chartered – reportedly became the first bank to join the Global Digital Finance (GDF) Patron Board. StanChart, together with the rest of the members, will work together to accelerate the adoption of best practices across the digital assets landscape. StanChart’s Latest Crypto Endeavor The multinational banking and financial...Read More
Code within a recent Twitter beta suggests that the company is integrating a Bitcoin payment option for its new “Tip Jar” feature with the help of the lightning network. Tipping With Bitcoin Though Bitcoin tips are not yet available to beta users, code reveals that it could soon be implemented as a payment option alongside...Read More
The popular DeFi protocol Cream Finance, which became the latest hack victim earlier this week, will allocate 20% of all the fees it charges to repay the affected customers. Additionally, the project has offered a bug bounty to the still unknown perpetrators and up to 50% for third parties who can assist with recovering the...Read More
The government of El Salvador voted in favor of creating a $150 million Bitcoin Trust. Its role: to convert BTC to USD so the local population can balance their cryptocurrency exposure. The initiative comes less than a week before the Latin American country starts using bitcoin as legal tender. Getting Ready for The BTC Adoption...Read More
Donald Trump is no fan of crypto assets; he has stated that several times himself. The billionaire ex-president has been speaking out on digital assets during an interview on Fox Business “Varney & Co.” on Tuesday. “I like the currency of the United States,” Trump told host Stuart Varney as the scathing anti-crypto comments flowed....Read More
Binance NFT will soon open a premium collection from The State Hermitage Museum to their marketplace, which includes recreations of the museum’s masterpieces. The Collection: “Your token is kept in the Hermitage” As Binance just announced, The museum’s NFT collection is titled “Your token is kept in the hermitage” and includes 5 digital reproductions of...Read More
The success of DeFi (decentralized finance) blockchain apps has not escaped the notice of Square Payments (NYSE: SQ) CEO Jack Dorsey. The engineer, businessman, and BTC advocate recently announced that his blockchain project, TBD, will enter the space by creating a Bitcoin DEX. Vitalik Buterin “Skeptical” About Bitcoin DEX In a recent interview, Ethereum co-founder...Read More
Leading decentralized exchange (DEX) aggregator, 1inch Network has announced its partnership with the world’s largest bitcoin and cryptocurrency payment services provider, BitPay. BitPay Integrates With 1inch The integration with 1inch will enable BitPay wallet users to gain access to all of 1inch’s DEX aggregation functionalities for the best deals from multiple liquidity sources, the partners...Read More
Leading automated market maker (AMM) Balancer Protocol has announced that it has launched support on the Layer 2 scaling solution, Arbitrum. Balancer Launches on Arbitrum In a press release shared with CryptoPotato on Tuesday, Balancer noted that the move is an effort to “significantly reduce gas costs and scale liquidity.” Arbitrum is a leading scaling...Read More
Kevin Wadsworth – co-founder of the technical analysis company Northstar & Badcharts – opined that the current cryptocurrency bull market would “conclude before the end of the year” and bitcoin would reach a price of around $100K. The top executive also stated that the primary digital asset’s USD value might exceed $1 million in 2025....Read More
Blockchain.com —former Blockchain.info— one of the OGs of the crypto industry, announced today that as it nears its first decade in the market, it was able to process $1 Trillion in crypto transactions. Macrina Kgil, CFO of Blockchain.com, shared the news on her institutional blog, noting that this statistic only covers Bitcoin transactions between real...Read More
Amidst an ongoing legal tussle with the securities and exchange commission, Ripple defendants have fired back with a motion to expose the XRP holdings of SEC employees, a token they have alleged is an unregistered security. RIpple’s Recent Motion On August 27th, attorney James Filan unveiled Ripple’s new motion demanding the SEC to produce documents...Read More
The British multinational banking institution – Standard Chartered – has teamed up with the financial technology company – Linklogis – to launch a new blockchain-based digital trade finance platform. It comes by the name of Olea, and its goal would be to bring together “institutional investors seeking opportunities in an alternative asset class with businesses...Read More
A slew of leading Ethereum based DeFi protocols– including Aave, Sushi, Curve, and PoolTogether– recently announced a $100M DeFi adoption initiative with Celo, a mobile platform for financial dApps. Adoption Initiative: “DeFi for the People” Announced today, the recent “DeFi for the People” initiative’s numerous founders include Aave, Curve, Sushi, PoolTogether, 0x, UMA, Valora, Ubeswap,...Read More
Leading DeFi and CeFi aggregator OpenOcean has continued to expand its ecosystem and has just recently integrated Avalanche, a high-scalable and open-source platform for launching decentralized finance apps. In a Monday press release shared with CryptoPotato, OpenOcean noted that its integration with Avalanche will allow its users to swap different digital assets utilizing the best...Read More
Six months after getting hacked, Cream Finance – a permissionless, open-source, blockchain agnostic protocol – suffered another breach. The team reported losses of up to $25 million in ETH and AMP. PeckShield Inc., a blockchain security company, highlighted the hack a few hours ago, providing the transaction in what appeared to be a flash loan...Read More
