The world’s largest cryptocurrency trading platform, Binance, is among the first crypto exchanges to join a new crypto hub established by the Dubai World Trade Centre Authority (DWTCA). Binance officially announced it had signed a memorandum of understanding with the DWTCA the next day after the latter had officially announced the launch of a comprehensive …
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Ethereum Foundation’s Tim Beiko officially announced the launch of the Kintsugi testnet, a mechanism that will facilitate users to stake on the Ethereum network. Over the past few months, client teams have been working tirelessly to implement a new set of merge milestones. They are now live on a new testnet: Kintsugi 🍵! Here’s how …
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The social DAO Friends with Benefits began raising funds in the first half of 2021 and, as of early September, completed a $10 million funding round at a valuation of $100 million. The token FWB soared from $17.69 to $190.69, an increase of 977%. In October, it received another investment from a16z. Footprint Analytics: Price …
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Dubai authorities recently announced that Dubai World Trade Centre (DWTC) will soon become a comprehensive zone and regulator for crypto–including cryptocurrencies, crypto-related products, operators, and exchanges. The new initiative will see the government-owned event and exhibition venue in Dubai transform into a crypto hub–set to further local development and adoption. Leveraging a comprehensive ecosystem “The …
Nonkumbulo Tshombe, an advocate with the Financial Advisory and Intermediary Services (FAIS) Ombud, recently revealed that her office has noted a significant increase in the number of cryptocurrency-related complaints during the 2020/21 financial year. Cryptocurrency Not yet Regulated An advocate with the South African office of the financial services sector ombudsman, Nonkumbulo Tshombe, recently revealed …
Elon Musk, CEO of Tesla, has criticized the current state of the metaverse and the Web3 movement, suggesting the latter concept is a “marketing buzzword.” The crypto influencer also posted a video of David Letterman making fun of the early internet in an interview with Bill Gates, and wondered what the future will bring. Musk …
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The digital asset xrp has gained more than 10% in value during the last seven days, shrugging off the losses a majority of crypto coins experienced last week. According to data from Whale Alert, someone moved 449.3 million xrp on December 19. Moreover, xrp holders are expecting to receive an airdrop from a project called …
press release PRESS RELEASE. Social-fi has been the trend of the blockchain industry as of late. The concept, closely linked to the idea of co-creating, combines the terms “social” and “DeFi” to promote a diversified interactive platform for the public. Element.Black, a recent social-fi platform transforms the concept to a new level by bridging the …
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We pick the cryptocurrencies that have real use cases and as such can expect to garner substantial adoption traction in the mass market A new wave of cryptocurrencies is being created to fill the adoption gap. Cryptocurrencies that have real use cases differentiate themselves from other altcoins by solving a problem in the real world. …
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A popular crypto strategist and trader is naming one altcoin that’s poised to surge while predicting that Bitcoin is gearing up for a rally. Pseudonymous crypto analyst Pentoshi tells his 425,000 Twitter followers that he’s keeping a close watch on XYO Network (XYO), a blockchain that lets users mine tokens while recording datasets that have …
Bitcoin (BTC) rebounded over 5% on Dec. 21 as a dramatic turnaround in the fortunes of the Turkish lira boosted investors’ confidence. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Wishing on a sentiment flip Data from Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing overnight as the lira shot up as much as 40% against the …
Staking and farming platform Bent Finance joins has become the sixth crypto establishment to get hacked in December. The acknowledgment of the attack was followed by requesting investors to withdraw their pool funds and disabling the reward claims on the compromised platform. Bent Finance first realized the exploit on Monday at roughly 8:55 pm EST, …
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Binance Labs, the venture capital and incubation arm of Binance cryptocurrency exchange, has led a financing round for the cross-chain protocol Multichain, previously known as Anyswap. Shortly after rebranding from Anyswap last week, Multichain has raised $60 million in a seed funding round led by Binance Labs, the firm officially announced on Dec. 21. Other …
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Ethereum‘s largest staking platform, Lido, recently announced adopting stETH/USD Chainlink Price Feed. stETH is the platform’s tokenized form of staked Ethereum, that combines the value of the staked deposit with staking rewards. The next wave of integrations for Lido’s staked asset “Lido is excited to announce that we are now sponsoring the first in a …
Last week, U.S crypto exchange Coinbase released a blog post sharing its thoughts and defining its role in the Metaverse. Since Facebook’s rebranding to Meta in late October, the Metaverse term has been thrust into the mainstream spotlight. But crypto projects such as Enjin, Decentraland, and The Sandbox, to name a few, have been working …
