Pick n Pay, one of South Africa’s leading retailers, reportedly now accepts bitcoin as payment at all its stores across the country. Using the bitcoin lightning network, Pick n Pay’s customers can now buy items such as groceries, airtime and electricity tokens. Using BTC for Everyday Purchases Just a few months after it began accepting …
Monthly archives: February 2023
A New Approach to DeFI – KyotoSwap․io
press release PRESS RELEASE. KyotoSwap.io is the first decentralized exchange (DEX) on Binance Smart Chain that allows anybody to create a verifiable positive impact at little to no cost. As a result, decentralized finance (DeFi) users can passively contribute towards fighting climate change. The first Regenerative Finance DEX on BSC to tackle climate change The …
Dogecoin To Release Latest Version of Utility-Enhancing Tool ‘Soon’, According to DOGE Developer
A principal core engineer for the Dogecoin (DOGE) project says a new version of the blockchain’s utility-enhancing tool is about to launch. Dogecoin engineer Michi Lumin tells his 32,000 Twitter followers that Libdogecoin 0.1.2 is on its way, although no specific date is given. “Libdogecoin 0.1.2 soon with easy to integrate mnemonic/seedphrase generation and QR …
$20K Bitcoin may return, says analyst as US unemployment hits 54-year low
Bitcoin (BTC) fell prior to the Feb. 3 Wall Street open as fresh United States economic data came in “hot hot hot.” BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Think again” over U.S. recession Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it erased gains from earlier in the day to center on …
Continue reading “$20K Bitcoin may return, says analyst as US unemployment hits 54-year low”
Russia’s Sberbank plans to launch DeFi platform on Ethereum
Russia’s largest bank, Sberbank, is moving forward with the plan to launch its decentralized finance (DeFi) platform, preparing to trial the product in a few months. Sberbank expects to launch open trials of its DeFi platform by May 2023, Sber’s Blockchain Lab product director Konstantin Klimenko announced, the local news agency Interfax reported on Feb. …
Continue reading “Russia’s Sberbank plans to launch DeFi platform on Ethereum”
Binance severs ties with Indian crypto exchange WazirX
The debacle between the global cryptocurrency exchange Binance and Zanmai, the operator behind the Indian cryptocurrency exchange WazirX, continues in a new blog post from Binance banning the latter from utilizing its services. On Feb. 3, Binance released a post that acknowledged the ongoing “public debate” with Zanmai over its claims of Binance involvement in …
Continue reading “Binance severs ties with Indian crypto exchange WazirX”
Bitcoin’s big month: Did US institutions prevail over Asian retail traders?
Bitcoin experienced the second-strongest January in its history — and the best since 2013 — rising nearly 40% amid wide reports that institutional investors were back on board. Zhong Yang Chan, head of research at CoinGecko, told Cointelegraph that there were “net institutional inflows into digital asset funds in January 2023, particularly in the last …
Continue reading “Bitcoin’s big month: Did US institutions prevail over Asian retail traders?”
Sberbank Readies Ethereum-Compatible DeFi System For May 2023
Summary: Russia’s largest bank said the Ethereum-based platform will launch for open testing in March ahead of the main launch in May. The system will begin facilitating commercial operations at the end of April and MetaMask users will be able to connect to the DeFI platform. Friday’s news comes after Sberbank launched Russia’s first exchange-traded …
Continue reading “Sberbank Readies Ethereum-Compatible DeFi System For May 2023”
Binance Issues February 3 Ultimatum To Zanmai-Run WazirX Exchange
Summary: The company told Zanmai to withdraw all funds and assets in Binance wallets used for WazirX operations on February 3, 2023, no later than 11:59 PM UTC. An official blog post explained that the ultimatum was issued as Zanmai refused to clarify or retract misleading statements about its relationship with Binance. CZ’s company previously …
Continue reading “Binance Issues February 3 Ultimatum To Zanmai-Run WazirX Exchange”
Ethereum Scaling Altcoin Rips to Fresh All-Time High Amid New Protocol Upgrade Proposal
A red-hot Ethereum (ETH) scaling solution printed a fresh all-time high on Thursday after a new protocol upgrade proposal. Optimism (OP) reached a peak of $3.10 on Thursday, the token’s new all-time high (ATH). OP has since retraced to $2.81 at time of writing, but the 81st-ranked crypto asset by market cap is still up …
Crypto Strategist Who Accurately Predicted 2023 Bitcoin Bottom Updates Forecast on BTC, Ethereum and Litecoin
A crypto analyst who re-entered the market in November is mapping the path forward for Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC). Starting with Bitcoin, pseudonymous trader DonAlt tells his 47,000 YouTube subscribers that the upside target for the flagship cryptocurrency is $34,000 while the downside target is $19,000. “You have a lot of upside. …
Australia introduces classification for crypto assets
Following the global regulatory race, Australia opened the public consultation on its own taxonomy of crypto assets. The national regulators propose to distinguish four major types of products related to the crypto industry. On Feb. 3, the Australian Treasury released a consultation paper on “Token Mapping,” announcing it as a foundational step in the Government’s …
Continue reading “Australia introduces classification for crypto assets”
Core Scientific to hand over 27K rigs to pay $38M debt
Crypto mining firm Core Scientific made a deal with the New York Digital Investment Group (NYDIG) to pay off an outstanding debt of $38.6 million by handing over more than 27,000 mining machines used as collateral. In a court filing, the company said the mining rigs were no longer essential to its operations and plans. The …
Continue reading “Core Scientific to hand over 27K rigs to pay $38M debt”
Binance re-enters South Korea with GOPAX exchange
Major cryptocurrency exchange Binance is coming back to South Korea with a new acquisition of the local crypto trading platform Gopax. Binance has acquired a majority stake in the troubled crypto exchange Gopax, re-entering South Korea after exiting the market two years ago, Bloomberg reported on Feb. 3. The funding for the transaction reportedly came …
Continue reading “Binance re-enters South Korea with GOPAX exchange”
Terra USTC surges 66% following approval to re-peg to $1
The Terra Classic community has passed a proposal to relink LUNA Classic and the de-pegged USTC stablecoin. 1 min read Updated: February 3, 2023 at 11:25 am Cover art/illustration via CryptoSlate Terra Classic Stablecoin Terra UST (USTC) has surged over 66% following a governance approval to re-peg the stablecoin. Similarly, Terra Classic (LUNC) is also …
Continue reading “Terra USTC surges 66% following approval to re-peg to $1”