Membrance Finance claims EUROe to be Europe’s first “EU-regulated full-reserve stablecoin and payment network.” 1 min read Updated: February 3, 2023 at 10:01 am Cover art/illustration via CryptoSlate Finland-based fintech company Membrance Finance launched EUROe on Feb. 2, which claims to be the first EU-regulated stablecoin and payment network, according to the announcement posted on …
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Core Scientific said the transferred machines are “no longer necessary” for its “current operations and future business plans.” 1 min read Updated: February 3, 2023 at 9:20 am Cover art/illustration via CryptoSlate Bankrupt crypto miner Core Scientific would transfer its ownership of 27,403 mining machines to crypto lender NYDIG to pay off a $38.6 million …
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Leading crypto exchange Binance has acquired a majority stake in South Korea-based GOPAX exchange, Bloomberg reports. Binance has been working to re-enter the South Korean market since it shuttered operations in 2021. As a result, it reportedly completed the due diligence needed to acquire GOPAX on Jan. 2. Binance has acquired a majority stake in …
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The prominent cryptocurrency exchange Coinbase leads crypto equities performance — with Coinbase stock price up 142% YTD. Quick Take Looking at some of the top cryptocurrency stock’s performance since July 2021 and year-to-date (YTD). All stocks identified have been down since July 2021 — Tesla has been the best performer, down only 7% within that …
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The company currently holds 11,418 Bitcoin and said it would continue to sell some of its assets in the future to cover operational costs. 1 min read Updated: February 3, 2023 at 9:24 am Cover art/illustration via CryptoSlate U.S.-based mining company Marathon Digital mined 687 Bitcoin (BTC) and sold 1,500 BTC in January, according to …
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The Cyberspace Administration of China (CAC) claimed that the Damus app includes content that is illegal in China. 1 min read Updated: February 3, 2023 at 8:44 am Cover art/illustration via CryptoSlate Decentralized social network application Damus has been banned from operating in mainland China, over concerns that its app includes content that is illegal …
Addressable, a decentralized marketing startup, has raised $7.5 million in its seed round to tackle the current marketing woes in the Web3 area. The company claims its software can pair the onchain addresses of users with their social accounts, giving Web3 marketers more knowledge about their audiences to make efficient advertising campaigns in the crypto …
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Egyptian lawmakers recently hailed the parliament’s endorsement of a pact that allows the country to join the New Development Bank, a report has said. According to the report, the lawmakers believe joining this BRICS-backed institution will help Egypt reduce its demand for dollars and enable it to preserve its forex reserves. Joining BRICS Following the …
Russian banks may be the main losers from the introduction of a digital ruble while retailers will save on acquiring fees, analysts have predicted. The benefits for consumers using the new digital currency are not that obvious as they may not be paid any interest or cashback. Launch of Russia’s Digital Ruble Said to Result …
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The online marketplace giant, Ebay, is seeking to fill several positions in the area of Web3 and non-fungible token (NFT) technology, according to several Linkedin job postings. Ebay is looking for a “creative crypto attorney” for the marketplace, Knownorigin, which it acquired in June 2022. Big Corporations Still Seek Workers to Manage Crypto and Blockchain …
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The popular quantitative analyst PlanB is updating his forecast on Bitcoin (BTC) after crypto kicked off the year with a strong rally. PlanB tells his 1.8 million Twitter followers that the bottom has arrived for Bitcoin and predicts massive growth. The analyst is best known for his stock-to-flow Bitcoin model, which predicts an asset’s value changes …
Bitcoin (BTC) headed toward $23,000 on Feb. 3 after a night of losses erased bulls’ latest progress. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar rebound halts crypto party Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $23,329 on Bitstamp. The pair had come off a second trip above the $24,000 …
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While billionaire Ray Dalio believes that fiat is in jeopardy, he also thinks that neither Bitcoin (BTC) nor stablecoins are the answer. In response, crypto community members took to Twitter to express their opinion on the topic. In a recent interview on CNBC’s Squawk, Dalio shared his takes on Bitcoin being a potential solution to …
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Bankrupt crypto exchange FTX has acknowledged a recent spate of third-party scams and frauds aimed at swindling its already-embattled customers. On Feb. 3, FTX issued an alert to its customers regarding recent attempts by fraudsters to scam their customers, including asking them for money, fees, payments or account passwords. “We are aware of active third-party …
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Bitcoin Ordinals causes fees to spike The Bitcoin (BTC)-native Ordinals protocol is taking up record-breaking space on the blockchain and in the process is hiking the transaction fees on the network. The divisive newly launched protocol allows for nonfungible token (NFT)-esque assets on the Bitcoin mainnet by inscribing satoshis with content. So far, inscriptions have …
