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
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
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
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
While mistakes are inevitable, some are costlier than others, and this one has cost an NFT holder $54,000. After minting the Mutant Ape #5275 NFT hours ago, the holder then tried to sell it on OpenSea, but the deal did not go as he would have wanted. Instead of selling his Ape for $54,000, the...Read More
According to recent research, every third British citizen fears that a potential digital pound could bring more harm than benefits to the UK economic system. In contrast, 24% believe the so-called Britcoin would turn to be a successful financial instrument. Britcoin Brings More Suspicion Than Excitement The US journalism company Politico surveyed 2,500 British adults to...Read More
Microstrategy just bagged $177M more BTC between July 1st and August 23rd. That brings Michael Saylor’s company’s total hodlings to $5.3 billion USD worth of bitcoin. Other big corporate buyers include Tesla, Square, and Galaxy Digital Holdings. The business intelligence company can’t get enough bitcoin. And it’s not the only extremely relevant and proactive company...Read More
Bilaxy, a Seychelles-based digital asset trading platform, reported earlier on August 29th that some of its wallets were compromised. While the exchange hasn’t confirmed the amount stolen yet, some estimations claim that it could be around $450 million in various cryptocurrencies. Bilaxy’s official Telegram channel saw several updates today indicating that the platform had temporarily...Read More
Input-Output HK – development company and driving force behind Cardano (ADA) – joined forces with the European Business University of Luxemburg (EBU). Their goal is to make education in developing African countries more “accessible, affordable, and equitable.” Cardano’s New African Endeavors The research and development organization Input-Output HK (IOHK) announced the collaboration with the European...Read More
El Salvador will, in ten days, adopt Bitcoin as an official currency. It’s making massive investments in projects to develop end-user products to hold and spend bitcoin. The opportunities of this venture are enormous, though some warn there are risks. El Salvadorians Will Soon Find Imports Attractive Because Bitcoin is a deflationary cryptocurrency, and the...Read More
The authorities in Texas sentenced the CEO of AriseBank – Jared Rice, Sr. – to spend the next five years in federal prison. Apart from the jail time, the criminal would have to restore approximately $4,250,000, which he embezzled from investors throughout his cryptocurrency-related schemes. Justice at Last According to a recent press release from...Read More
A spokesperson for AnChain.AI, a blockchain analytics firm, recently revealed a $600 000+ contract with the Securities and Exchange Commission to help the agency regulate and monitor the DeFi space. AnChain’s Contract with the SEC The contract – which began in May of 2021 – has an initial value of $125 000, which may escalate...Read More
It was a compelling week in the cryptocurrency markets. It took bitcoin more than three months, but it finally did it this week – reaching the $50,000 price line for the first time since May. However, it also took less than 24 hours for the bears to get back in action and push it beneath...Read More
The mysterious BTC whale, who was recently frequently sending lots of coins to Coinbase, has changed the strategy on the largest cryptocurrency. On-chain data shows that they have accumulated more than 500 bitcoins on Thursday and Friday. Bitcoin Whale Back to Buying CryptoPotato has previously reported some of this particular whale’s behavior – whose Bitcoin...Read More
