ZIL’s price rally has made the coin “overbought” on multiple timeframes, raising selloff risks. Zilliqa (ZIL) continues its supersonic bull run this week after reports that it will officially launch a so-called metaverse-as-a-service (MaaS) platform in April. ZIL rallied nearly 25% in one day to $0.22 a token by March 30, its best level since May …
Monthly archives: March 2022
US grassroots adoption: the Bitcoin Lightning party in Portland
A grassroots Bitcoin Lightning festival in Portland, U.S. demonstrated that the Lightning Network is the perfect companion for payments. There is “grassroots evidence” that “America is adopting Bitcoin,” according to Clay Graham, founder of Rapaygo and a Bitcoin Lightning Network (LN) enthusiast. At a Bitcoin Lightning festival held in Portland, U.S. over the weekend, the …
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Opera adds Support For Eight New Blockchains, DApps on its Crypto Browser Platform
Coming from Norway, the popular web browser Opera has introduced a chain of developments in its core infrastructure to support its expansion across crypto and blockchain ecosystems. The globally-acclaimed browser has announced to add support for eight top-tier blockchain and layer-2 channels along with some potential decentralized apps or DApps. As part of its latest …
Lionel Messi Locks $20M Pact With Socios.com
Seeing the craze for cryptocurrencies, it seems that this year the world will see some of the biggest collaborations between global sports icons and crypto-related firms and projects. With Lionel Messi joining this bandwagon, one can easily understand how big deal crypto has become across the global financial space. Yes, you read it right, one …
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CME Group Presents Micro Bitcoin and Ether Options For Fans
Hailing as one of the biggest and most trusted derivatives marketspaces, Chicago Mercantile Exchange Group (CME Group) has taken a significant step to further its growth in the crypto sector. The globally-acclaimed financial entity has unveiled micro-sized Bitcoin and Ether options for the escalating crypto community. With this highly-anticipated launch, the CME Group is looking …
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30% crypto tax becomes law in India following Finance Bill approval
The Indian Finance Bill 2022 with new 30% crypto tax rules was approved by the Rajya Sabha, the upper house of the Indian parliament, to make it a law today that will come into effect starting on April 1. The approval of the bill by the upper house of the parliament comes within a week of …
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Polkadot, Kusama to launch Wormhole bridge to Ethereum, Solana
Announced Wednesday in a blog post by Dan Reecer Chief Growth Officer at Acala and Karura, the two Polkadot protocols will integrate with Wormhole, the multi-chain bridging platform connecting blockchain networks. “As the first EVM+ integration on both Karura and Acala, this cross-chain interoperability will enable Acala and Karura users to enjoy asset integrations and …
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Barriers to mass adoption: How can the crypto industry attract retail investors?
Since March 2020, the global crypto market has skyrocketed by a phenomenal 900%, with no sign of slowing down anytime soon. When looking at the current UK economy and trajectory for 2022, it’s easy to understand the industry’s appeal for experienced and more novice retail investors alike. Achieving meaningful returns from savings is far from …
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A look at Polygon ID, a new zk-proof based Web3 identity solution
Polygon has just launched a new self-sovereign, zero-knowledge proof (ZKP) identity service. Called Polygon ID, the solution will enable users to verify their credentials and identity without ever revealing any personal information. The solution aims to front-run the know-your-customer (KYC) regulation that will put incredible pressure on cryptocurrency companies around the globe. A decentralized solution …
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How decentralized identities can save us from surveillance capitalism in Web3
The dawn of the metaverse raises new questions about user protection and data-driven advertising. This new world is hinging on immersive technology that could allow companies to collect new kinds of personal information and even biometric data. To read the rest of this article, sign in or join CryptoSlate Edge. Get an Edge on the …
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UAE-Based Crypto Exchange Bitoasis Obtains Provisional Approval From Dubai’s New Regulator
A major cryptocurrency exchange in the UAE, Bitoasis, has obtained provisional approval from Dubai’s new cryptocurrency regulator. Binance and FTX have also been green-lighted by the regulator. Bitoasis Pursuing License From Dubai’s New Crypto Regulator Bitoasis, a major crypto exchange founded and headquartered in Dubai, announced Wednesday that it has received “provisional approval” from Dubai’s …
Bank of Spain Warns About Risk of Extended Use of Unregulated Cryptocurrencies in the Country
The deputy governor of the Bank of Spain, Margarita Delgado, gave her opinion about cryptocurrencies and how they are increasing the risks in today’s economy. At an event hosted by PWC called “A climate of change,” Delgado explained that the continued and extended use of cryptocurrencies might bring different kinds of risks to the 12% …
Gumi Cryptos Reveals $110 Million Fund Targeting Early-Stage Blockchain Startups
On March 30, Gumi Cryptos Capital (GCC), announced the blockchain-focused venture capital firm’s second fund that will invest $110 million in early-stage blockchain startups. The second fund follows GCC’s initial $21 million fund that backed seed stage founders. Gumi Cryptos Capital Reveals Fund II — Firm Will Invest $110 Million Into early-Stage Blockchain Startups The …
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Cardano Witnessing Institutional Demand As Large Transactions Skyrocket: Analytics Firm IntoTheBlock
A leading crypto analytics firm says institutional investors appear to be buying bulk into global payments platform Cardano (ADA). In a new tweet, IntoTheBlock says that the volume of ADA’s on-chain transactions greater than $100k has increased by 50x in 2022 alone. “Yesterday, a total of 69.09 billion ADA were moved in these large transactions, …
‘Hold my beer’ — Terra already up $165M from buying Bitcoin as BTC stash nears Tesla
Bitcoin (BTC) has already netted its biggest new buyer almost $200 million in profit from price increases, data suggests. Analysis of the wallet related to Blockchain protocol Terra reveals that since it began amassing BTC in Q1 this year, it is up $165 million. Terra co-founder rejects idea LFG moved BTC price The Luna Foundation …