Cryptocurrency broker Voyager Digital Ltd has acquired Coinify ApS, a crypto payment system, in a deal valued at about $84 million. The integration of Coinify will accelerate Voyager’s expansion into Europe to meet the demands of the market and offer its products internationally. Making Digital Assets Accessible Globally According to the announcement, the deal is...Read More
The blockchain-based digital collectibles marketplace VeVe will begin selling Spider-Man non-fungible tokens this weekend. The initial series of NFTs will include five variations of the Marvel superhero, costing between $40 and $400. NFTs Caught in The Cobweb The comics book giant Marvel Entertainment partnered with the VeVe marketplace to launch the first official Spider-Man NFTs....Read More
According to a Coinbase research, 51% of British adults said they are “very interested” in taking out a loan using digital asset holdings as a guarantee instead of traditional methods. 39% revealed they are willing to employ cryptocurrencies to send and receive money in international transactions as well. Brits Want to Adopt Crypto for Transactions...Read More
The crypto community continues to rally the troops just hours ahead of the crucial vote on digital asset taxation from US Congress. This time, they have received support from one of the most influential people today – Elon Musk. CryptoPotato reported yesterday the controversy that arose from US authorities in regards to the country’s attempt...Read More
With the cryptocurrency industry gradually shifting to more environmentally friendly innovations to limit its carbon footprint, Elrond has recently announced that it is now carbon negative. Thus, it has become the first European blockchain project to achieve the feat. Elrond Becomes Carbon Negative According to a Thursday press release shared with CryptoPotato, the internet-scale blockchain...Read More
With new regulation and taxation on the cryptocurrency industry coming from the U.S., the situation just took another turn as President Joe Biden openly supported the highly unfavorable amendment proposed earlier by Senators Mark Warner and Rob Portman. Biden’s backing seems to target proof-of-stake assets, while mining appears untouched. Sitrep: Taxation and Regulation on Crypto...Read More
It was an exciting week in the cryptocurrency market with a lot of developments – both in terms of price and otherwise. Bitcoin went through a correction but managed to recover, while Ethereum’s long-anticipated London hard fork went live officially. Starting off with BTC’s price, the week was rather intense. Last weekend, we saw the...Read More
The rapid advancement in crypto, gave investors a vast array of tools to work with, especially when trading coins. In 2020, a new trend emerged – liquidity provisioning or yield farming. Earnable joins the list of dApps, concentrated on providing a solution to several current problems in the crypto sector: Almost all platforms require some...Read More
The world’s leading cryptocurrency exchange continues to tailor its product suite in a way that caters to customer protection regulations. In a recent announcement, the exchange revealed that users from Hong Kong “will not be able to open new derivatives products accounts,” with immediate effect. Moreover, “with effect from a date to be announced in...Read More
Just a day after the highly-anticipated upgrade to the Ethereum blockchain, Buterin commented that the event had paved the way for the migration to proof of stake (ETH 2.0). He also outlined EIP-1559 as the “most important part of London.” As reported yesterday, the Ethereum network went through one of its most-awaited and crucial hard...Read More
The Ethereum London upgrade has been eagerly awaited, not because it will reduce fees (gas has actually gone up since it launched), but because it is burning them. EIP-1559 introduced a mechanism that burns some of the gas or base fee. This is very important for supply and issuance economics which are currently inflationary for...Read More
Zabo announced that it would join the digital asset platform Coinbase. However, the statement did not specify the terms of the deal, and the amount paid remains unrevealed. Coinbase’s New Acquisition According to a blog post, Zabo – a Dallas-based cryptocurrency data aggregator – will become part of the Nasdaq-listed exchange Coinbase. The Co-Founders of...Read More
Customers of the German fashion company Philipp Plein International AG will get the chance to buy products in digital assets instead of fiat money. The supported virtual currencies will be 15 and will include the leading ones – Bitcoin and Ethereum. ‘Cryptocurrencies Are The Future’ In a recent Instagram post, the fashion group Philipp Plein...Read More
Just a few days after filing a motion to receive access to “obtain international discovery” of records belonging to Binance, US Magistrate Judge Sarah Netburn has approved Ripple’s request. The documents should shed some light on the company’s XRP sales made on the exchange. Through its legal team, Brad Garlinghouse, the CEO of Ripple, filed...Read More
Anthony Di Iorio is a well-known figure in the cryptocurrency space. He got into Bitcoin back in its early days, went on to become one of the co-founders of Ethereum, and also founded and spearheaded the popular crypto infrastructure provider – Decentral. In this interview, we go in-depth on all of the above, and we...Read More
South Korean blockchain analytics company CryptoQuant has recently raised $3 million from industry investors in a just-concluded funding round led by leading blockchain-focused venture capital firm Hashed. CryptoQuant to Improve Its Data Structure According to a press release shared with CryptoPotato, the funding will be geared toward developing CryptoQuant’s data and analytics infrastructure, considering that...Read More
The gaming industry is expected to be worth almost $200 billion in terms of revenue in 2021. Blockchain and NFT technologies make a natural partner for gaming and they could be poised to take off. At the moment it is just a niche market for NFT based gaming in which the tokens are integrated directly...Read More
The cryptocurrency platform Bitbns intends to open a systematic investment plan (SIP) in digital assets for Indian athletes who win medals at the ongoing Tokyo Olympics. The exchange will reportedly grant around $2,700 in crypto for gold medal winners. ‘Faster, Higher, Stronger’ And Earn Crypto The Economic Times reported that Indian athletes at the Olympic...Read More
Grayscale has appointed David LaValle, a former executive at Alerian and S-Network Global Indexes, to help the company on its way to having a BTC ETF approved in the States. As announced earlier on August 4th, the leading digital asset manager has enhanced its endeavors to launch a Bitcoin ETF through a new addition to...Read More
Circle, the blockchain company behind one of the most popular stablecoins – USDC, plans to simplify user experience and USDC transfers in different apps and exchanges. To do so, the company has introduced usernames for wallets through a partnership with the domain name provider – Unstoppable Domains. Circle Introduces USDC Usernames In a press release...Read More
Earlier in June, Google revealed that it would update its Financial products and services policy to once again allow cryptocurrency businesses to advertise through its search engine. Now, the changes take effect. As CryptoPotato reported earlier in June, Google had revealed that they plan to update the Financial products and services policy. Yesterday, the update kicked in,...Read More
Less than a year after Chainalysis placed BitMEX into its “high risk” cryptocurrency exchanges zone, the company has reversed its decision. The analytics company has conducted an internal review of the derivatives exchanges, which has strived to improve its AML compliance lately. BitMEX faced extreme scrutiny last year when most of its executives at the...Read More
The Ethereum blockchain is scheduled to undergo the London hard fork, and several exchanges are taking precautions to ensure users’ funds remain secured once the hard fork is successfully deployed. At block height 12,965,000, estimated to take place tomorrow (August 8th, 2021), Ethereum was scheduled to undergo the hard fork, and two scenarios are likely...Read More
A Russian court ordered Sberbank to restore access for a customer involved in Bitcoin trading. The authorities added that the largest bank in Russia should not have blocked the account as the client had provided all the necessary information about his cryptocurrency operations. Sberbank Had No Right to Ban The Account The Sverdlovsk Regional Court...Read More
During an interview with Bloomberg, Gensler admitted that he is intrigued by the cryptocurrency space, but that wouldn’t deter him from protecting US investors via enhanced regulations on the market. Being deeply familiar with the blockchain space, as he taught DLT classes at the Massachusetts Institute of Technology (MIT), Gensler was expected to have a...Read More
CoinJar, a leading Australian cryptocurrency exchange, has recently partnered with the payment processing giant Mastercard to launch a new prepaid card to make digital asset services accessible to mainstream users. CoinJar Launches Crypto Card In an official blog post published on Tuesday, the exchange disclosed that the new CoinJar card will allow users to make...Read More
Monero’s former lead maintainer, Riccardo Spagni, was arrested last month for alleged fraud committed between 2009 and 2011 while residing in South Africa. His crimes have no relation to his work on the Monero network. Charges Against Spagni Court documents state that Spagni’s crime is related to his time as an IT manager at Cape...Read More
There has been a fair bit of profit-taking since Bitcoin prices topped $42K over the weekend. The asset has declined 9% since then, and on-chain behavior can be analyzed to get a better outlook on overall market sentiment. Analytics provider Glassnode has been doing just that in its latest on-chain report. The key question is...Read More
In recent months, the NFT market has witnessed significant growth in the number of investors getting on board, allowing artists and art enthusiasts to gain access to the global digital art market. Although non-fungible tokens are a relatively new asset class in the crypto space, they have continued to outlive the hype as millions of...Read More
11 mid-sized cryptocurrency trading venues in South Korea will reportedly cease their operations after the country’s watchdog identified that they operate their businesses illegally. The names of the exchanges remained undisclosed. Chain of Reaction in South Korea According to a recent report by The Korea Held, 11 mid-sized cryptocurrency platforms will soon shut down as...Read More
