Optimism has officially removed the Whitelist feature from its network allowing developers to directly deploy smart contracts on its mainnet. The network said that it will help Optimism gain mainstream exposure and will also contribute to the network’s widespread adoption. Today is the day. 🍾 The whitelist is officially gone and anyone can deploy to …
Yearly archives: 2021
AWS’ latest outage, a stark reminder of the dangers of Big Tech and urgent need for Web3: IoTeX Co-Founder Xinxin Fan
Amazon Web Services’ (AWS) latest outage that for hours saw some folks in the United States locked out their homes, crypto exchanges powered down, and many other regrettable incidents is a stark reminder of those risks. “Centralized cloud infrastructure has raised increasing concerns about service availability and reliability, data security and user privacy,” said Dr. …
Russia’s central bank wants to prohibit crypto investments: report
The central bank of Russia (Centrobank) is reportedly seeking to bar the country’s residents from buying Bitcoin and other cryptocurrencies, two anonymous financial market sources revealed to Reuters today. Per the report, Centrobank is concerned about potential risks to the country’s financial stability that “the rising number of crypto transactions” could present. Currently, cryptocurrencies are …
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New Cryptocurrency Bill Advances to Senate in Brazil
A new cryptocurrency bill was approved by the Chamber of Deputies of the Brazilian Congress last week, and is now awaiting review by the Senate for approval. The project, if approved, would introduce a central body to regulate all cryptocurrency brokerage activity — ostensibly the Central Bank of Brazil — and establish new penalties for …
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USDC Sees Native Launch on Avalanche
USDC, the second leading stablecoin by market cap, has been launched on the Avalanche blockchain as a native token. Previously, users wanting to get USDC in Avalanche had to bridge it via Ethereum. Now, Circle, the issuer of usd coin (USDC), will allow users to mint the tokens directly on Avalanche’s C-Chain, saving on fees …
Crypto Lender Nexo Launches NFT Lending Desk, Loans up to 20% for Popular NFTs
On December 16, the blockchain-based lending platform Nexo announced the firm has launched a non-fungible token (NFT) lending desk. While the company offered crypto-backed loans using tokens like bitcoin and ethereum for instant funds, Nexo is offering instant liquidity to NFT holders that don’t want to sell their NFTs. Nexo to Offer Loans for Bored …
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5 Dex Coins to Buy for High Profits – December 2021 Week 3
The decentralised exchange (DEX) ecosystem has grown in tandem with the broader crypto market and decentralised finance (DeFi). If you are an investor looking for some of the top DEX coins to buy for high profits, this article should come in handy. 1. UniSwap (UNI) UniSwap has remained one of the top DEX coins to …
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‘Magic’ Altcoin Project Soars After Earning Support From Top Crypto Exchange
One altcoin is enchanting the crypto world after a surprise listing on the Crypto.com App digital currency exchange. In a new blog post, Crypto.com says that users can purchase Spell Token (SPELL) using USD, EUR, GBP and nearly two dozen other fiat currencies. News of the listing sent SPELL skyward, increasing 45% from $0.011 to …
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Social network Reddit reveals plans to go public
On late Wednesday night, the popular social platform Reddit announced that it has started the process of making the company public. The company filed a confidential S-1 with the Securities and Exchange Commission (SEC) informing them of their intentions for going public. Per SEC regulations, they cannot provide any details about shares or prices until …
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Wall Street financial advisor LionTree explores crypto payments
Wall Street financial advisor that helped Amazon acquire MGM studios this year is exploring crypto payment options. LionTree, a popular financial advisor and investment banking firm, is looking into cryptocurrencies as a payment option. In its year-end letter, Chairman and CEO Aryeh Bourkoff talks about crypto as a potential tool for empowering individuals and explores …
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Happy ‘bearday,’ Bitcoin: It’s been 3 years since BTC bottomed at $3.1K
Bitcoin (BTC) may be flagging below $50,000, but its bull market is actually three years old this month. Data from Cointelegraph Markets Pro and TradingView confirms that Bitcoin bulls have at least something to celebrate as 2021 draws to a close. Three years, 2,125% upside Despite disappointing when it comes to end-of-year price expectations, BTC/USD remains …
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Shanghai Man: AscendEX reopened after $80m hack, Huobi suffers key personnel departures, and government officials punished for mining activities
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Limping out of 2021 Last week we thought we had hit rock bottom for Chinese exchanges, as Bitmart was on the unfortunate end …
Cryptocurrency Can Lift the Developing World Out of Poverty – Here’s How
HodlX Guest Post Submit Your Post In one tweet, El Salvador’s president summed up how cryptocurrency can help lift the developing world out of poverty. 2.1 million Salvadorans are ACTIVELY USING @chivowallet (not downloads). Chivo is not a bank, but in less than 3 weeks, it now has more users than any bank in El …
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Op-Ed: The real reason El Salvador adopted Bitcoin
Bukele argues that his country’s embrace of Bitcoin aims to spur development and reduce the fees paid by Salvadorans abroad sending remittances back home, which make up nearly a quarter (22%) of El Salvador’s GDP. Bukele says adopting Bitcoin could save his people $400 million every year and top accounting firm PriceWaterhouseCoopers seems to concur, …
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Rug pulls pushed this year’s crypto scam revenue over $7.7 billion, Chainalysis finds
Scams again emerged as the dominant form of cryptocurrency-based crime by transaction volume, a preview of Chainalysis’ Crypto Crime Report revealed. This year’s crypto scam revenue topped $7.7 billion, up 81% compared to 2020, according to the blockchain data platform. Crypto scams in 2021 Compared to 2020, this year’s crypto scam revenue increased substantially, although …