Bitcoin and Ethereum, the two largest crypto assets by market cap, at varying times have enjoyed a high level of patronage from institutional investors around the world. However, according to a recent report by CoinShares, the latest crypto asset to be enjoying an influx of institutional investors is Solana. SOL dominates crypto inflow Per available …
Monthly archives: September 2021
Binance is finally getting a headquarter as regulators slam ‘decentralized’ workspaces
After facing a ton of regulatory scrutiny about its lack of a physical headquarters anywhere in the world, Changpeng Zhao, the CEO of Binance, the largest crypto exchange by trading volume, has revealed that the exchange would be embracing a centralized headquarters sometime soon. Binance lacks a physical headquarter Binance, created four years ago, has …
Crypto.com inks multimillion crypto and NFT deal with esports giant FNATIC
Global esports performance brand Fnatic yesterday revealed Crypto.com, a crypto platform with more than 10 million users worldwide, as its inaugural Global Cryptocurrency Partner. The multi-year deal will enable Crypto.com to seamlessly engage with Fnatic’s truly global and digitally native audience and worth more than $15 million, CryptoSlate learned in a release. “We’re stepping up …
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Over 2,300 Cardano Smart Contracts Are Waiting in Timelock, ADA Price Slides 20% Over 2 Weeks
Following the successful Alonzo hard fork, the Cardano network now has a large swathe of new smart contracts. However, developers must wait to use them as they are locked in a timelock contract. At the time of writing, metrics show an aggregate total of 2,352 smart contracts since the Alonzo upgrade was implemented. Cardano Has …
Salvadoran Court of Accounts to Investigate Government’s Bitcoin ATM Buys, Chivo Kiosk Construction
According to reports stemming from the Salvadoran Court of Accounts, the regulatory body is planning to investigate the government’s bitcoin automated teller machine (ATM) purchases and Chivo kiosk construction. The investigation follows the recent protest in El Salvador against the adoption of bitcoin as the crowd set fire to a bitcoin ATM. Human Rights Group …
Maxim Magazine Launches Its NFT Marketplace Together With xSigma, a Subsidiary of Nasdaq: ZKIN
sponsored xSigma, a blockchain R&D lab and subsidiary of ZK International (Nasdaq: ZKIN), is excited to announce the launch of their all-new, official non-fungible token (NFT) marketplace, MaximNFT.com. The platform is launched in partnership with Maxim, a legendary men’s magazine available in 75 countries. The burgeoning marketplace will grant exclusive access to Maxim’s own NFT …
Survey: 1 in 10 Irish Investors, Quarter of Young People Hold Cryptocurrencies
Investors in Ireland are attracted to digital opportunities offering better returns and often find them online, a new survey has indicated. According to the poll, 11% of investors have already bought a digital asset and a quarter of the young Irish are betting on cryptocurrencies. Low Interest Rates, Search for Long-Term Returns Push More Irish …
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Binance Looking for a Place To Officially Set Up Shop Amid Global Regulatory Backlash, Says CEO Changpeng Zhao
Binance is reportedly looking for a location to set up an official headquarters in order to address global regulatory concerns. The popular cryptocurrency trading platform is under scrutiny for potentially operating unlicensed services and engaging in regulated activities without formal approval. ADVERTISEMENT CEO Changpeng Zhao says Binance is shifting away from its decentralized structure …
Smashing crypto adoption barrier? Solana aims to do its own ‘thing’
There was a lot of talk at SALT Conference 2021 about Solana Labs, the supersonic racer of layer-one blockchain networks. Not surprisingly, much of that conversation centered on speed — or, in network parlance, transactions per second (TPS). If blockchain technology is ever to achieve mass adoption — 1 billion users, say — then it …
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PayPal completes crypto trading rollout for UK customers
PayPal officially announced on Friday that all eligible customers in the United Kingdom can now buy, hold and sell cryptocurrencies using their PayPal accounts. Customers can trade four major cryptocurrencies: Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). As announced previously, crypto trading will only be available to PayPal customers with verified identities. PayPal …
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SushiSwap’s token launchpad, MISO, hacked for $3M
Joseph Delong, chief technology officer of decentralized finance (DeFi) platform SushiSwap, announced that a hacker compromised the supply chain of its token launchpad platform, MISO. According to Delong, the “anonymous contractor with the GH handle AristoK3 injected malicious code into the Miso front end,” replacing the auction wallet address with their own and subsequently acquiring 865 …
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Next stop $85K for Bitcoin as analysts predict ‘explosive’ Q4 for BTC price action
Bitcoin (BTC) is heading for at least $85,000 in Q4 this year and could well surpass the $100,000 mark, new research says. In its latest market update on Friday, trading platform Decentrader revealed an unapologetically bullish mid-term BTC price forecast. Next stop $85,000 for BTC/USD Despite BTC/USD being kept below $50,000 this week, on-chain metrics …
$1.5 Billion Junk Bond Issued By Coinbase, Indicates Investors Are Eager To Join The Crypto Space
Coinbase, a popular company operating in the domain of cryptocurrency and Blockchain ecosystem, has recently conducted a sale of a junk bond which was valued at an estimated $1.5 billion. According to experts, this clearly indicates the fact that cryptocurrencies have already become mainstream in the market. According to the experts, the bond, which is …
Algorand And The Drone Racing League Have Reached A Sponsorship Agreement Of $100 Million
The famous Drone Racing League or better known as the DRL, which is based out of New York, recently announced that they had struck a major sponsorship agreement that spans across five years, with the popular crypto platform known as Algorand and that too for a staggering $100 million. However, the specific terms that clearly …
US Treasury Discusses Stablecoins and their Impact on Financial Stability
The US Treasury of Department is planning to issue a report that revolves around stablecoins and the risks that they pose to the financial systems. The Bloomberg report notes that after the Treasury officials have created the report, it will be presented to the President’s Working Group that deals in the Financial Markets Division. However, …
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