In a now-deleted deleted profile, an anonymous Reddit user allegedly lost close to $500 thousand on Sunday after sending wrapped Ether (WETH) directly into a WETH wrapping smart contract. WETH came into existence as a way for Ether (ETH) to conform to the ERC-20 token standard so that it can be traded directly with altcoins …
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Turkish blockchain provider Bitci is seeking to establish local crypto exchanges in Brazil and Spain in a bid to lure local crypto investors. A Bitci spokesperson told Cointelegraph that Bitci is planning to open new crypto exchanges in the countries where the company has sizeable deals and assets, as Reuters reported. The first stop for …
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This month, the Board of Governors of the United States Federal Reserve System issued its widely anticipated report on the nation’s possible use and adoption of digital currencies for its financial system. The document is titled “Money and Payments: The U.S. Dollar in the Age of Digital Transformation,” and true to its name, the paper …
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Despite growing fears over a potential cryptocurrency market downturn, major industry firms like FTX keep gaining momentum by securing hundreds of millions in fresh funding. FTX Trading, the owner and operator of Sam Bankman-Fried’s crypto exchange FTX, officially announced Monday that it closed a $400 million Series C funding round, bringing the firm to a …
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Last year saw a huge increase in the value of the meme coin, Shiba Inu. A $100 investment in Shiba Inu in January 2021 would have returned a huge ROI, and some early investors in since 2020 would’ve became billionaires if they had held. As an ERC-20 token, Shiba Inu is built on the Ethereum …
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The crypto market is largely controlled by premier digital asset Bitcoin. However, the foremost crypto asset has become pricey in the past year, following phenomenal growth. This has led several investors to look for cheap cryptocurrency to invest in with massive upside. While the crypto market is battling with the bears, here are 10 cheap …
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Meta (formerly Facebook), the world’s largest social media platform, has applied for a trademark in Brazil to design, develop, and provide hardware and software for a variety of Bitcoin (BTC) and crypto-related services. Despite regulatory hurdles encountered during its many previous attempts to enter the crypto space, Meta was recently rebranded from Facebook in an …
Zuellig Pharma, a medical services company based in Asia, is integrating blockchain in its systems to monitor Covid-19 vaccines. The company has released a system known as eZTracker, a medical management system powered by blockchain. Through this system, the company wants to boost efficiency in vaccine tracking services. The system will also prevent accidents that …
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Hailing as a top-tier cryptocurrency exchange portal, Coinbase is involved in projects that are linked with the coins it has listed. The in-depth analysis by the research team has discovered that Coinbase is earning profits from the cryptocurrency projects it lists on its ecosystem. According to the report, the exchange has disclosed data for at …
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Following the steps of El Salvador, United States’ Arizona has taken its first baby step to accept Bitcoin as a legal tender in the region. In the latest move, state senator Wendy Rogers, a Republican, has introduced a bill in Arizona to bestow Bitcoin with the status of a transactional currency. With the highly-anticipated draft …
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In this article, we will learn about the basics of tokenization, how it works, and its practical use cases. Almost everyone has sent pictures over the internet. If not, then at least you have emailed others. So, when you send an email over the internet, the protocol and the underlying technology copy the email and …
With the advancement of technology, new ways of storing and exchanging money are evolving day by day. Advancement in modern technologies has brought many innovative payment systems to help us carry out our daily transactions without having to worry about carrying physical cash. How can blockchain be used in banking? Blockchain technologies allow for a …
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The pseudonymous host of the crypto channel Coin Bureau is giving a long-term bullish forecast for an Ethereum-based gaming token. In a new video, the analyst known as Guy says he’s closely watching Enjin Coin (ENJ), an interconnected, blockchain-based gaming platform that possesses smart-contract capabilities. Guy highlights ENJ’s wide token distribution, which he says makes …
Salvadoran President Nayib Bukele made yet another bullish Bitcoin (BTC) prediction soon after the International Monetary Fund had urged his government to remove Bitcoin’s status as legal tender. Bukele took to Twitter on Monday to predict that Bitcoin will ultimately see a “gigantic price increase” due to its limited supply of only 21 million digital coins. The …
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Ethereum’s native token, Ether (ETH), will extend its 30% slump this year to the lowest price level since July 2021, if a textbook technical indicator plays out. Ether chart paints bearish pattern ETH’s price fell to its six-month low of $2,159 on Jan. 24, 2022, only to rebound sharply to as high as $2,724 days …
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