Category archives: Trending Crypto news

OKEx, Crypto.com, and LocalBitcoins have integrated Brazil’s PIX instant payments system. Increasing numbers of offshore cryptocurrency exchanges are embracing Brazil’s instant payments infrastructure, PIX. On May 28, OKEx announced a strategic partnership with local payments firm CuboPay, allowing it to facilitate Tether ($USDT) purchases in exchange for Brazilian real via PIX. The news follows similar …

Continue reading “OKex embraces Brazil’s official fast payments system PIX, as CBDC draws nearer”

Govt agencies want more tools to trace suspect crypto transactions. The U.S. Office of Foreign Assets Control has requested another subscription to Chainalysis analytics software in order to step up its blockchain transaction surveillance efforts. In a public notice sent out on May 26, the agency confirmed its intention to subscribe to Chainalysis’s Rumker Training …

Continue reading “US sanctions agency OFAC to rely more heavily on Chainalysis”

Dfinity has sought to quell criticism over the decentralization and privacy of its Internet Computer protocol. Dfinity, the team behind the Internet Computer protocol, or ICP, has fired back at critics of its decentralization and privacy features in an “Ask Me Anything” on Reddit yesterday. The team sought to assure that the project’s foundation does …

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The NFT sector has seen exponential growth, tripling in transactions since January and pushing through the market crash this month. The popularity of non-fungible tokens, or NFTs, shows little sign of slowing down, despite the extraordinary marketwide crash that wiped more than $1 trillion off the crypto market cap. According to a report by decentralized …

Continue reading “NFT volume has more than tripled — even amid price crash — as Meme.com raises $5M”

A look at the last week of crackdowns, including a ruling from Vice Premier Liu He. Hong Kong echoes Beijing with stricter controls of their own, limiting retail investors in the administrative region. This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential …

Continue reading “Shanghai Man: Miners banned, exchanges targeted? Here’s what’s really happening”

It is not the first time Uniswap governance has been dominated by a whale. The effect of whales on Uniswap governance is a topic of hot debate once again after Harvard’s blockchain group threw a massive amount of voting power behind its own proposal. The proposal, made on May 27 by the Harvard Law School …

Continue reading “Harvard Law BFI throws 10.5M votes behind own proposal to fund DeFi lobby with UNI”

Gamestop may be working on its own NFT marketplace, while Rookie of the Year candidate LaMelo Ball is set to drop 500 Dynamic NFTs. It appears that “r/wallstreetbets” favorite meme stock company GameStop is in the process of developing its own NFT marketplace. Oh wow, @GameStop is launching an NFT platform https://t.co/3lkqgJTiwS pic.twitter.com/3BT1Szo9qJ — Brad …

Continue reading “Nifty News: GameStop’s NFT market, NBA star LaMelo ‘mints career’ on NFTs … and more”

Blockchain development platform Reach is aiming to create universally compatible DApps by building a JavaScript-like programming language. Reach, a blockchain development platform for decentralized applications, has raised $12 million from investors to further its goals of simplifying the DApp creation process, the company announced on Wednesday. The latest funding round takes the total sum raised …

Continue reading “Blockchain platform raises $12M to build JavaScript-like DApps”

Traders remain cautious following last week’s brutal sell-off, but on-chain data is beginning to signal increasingly bullish activity while the crypto market awaits the next major move. Price action for Bitcoin (BTC) and the wider cryptocurrency market was relatively subdued on May 27 as nervous traders remain unsure of what comes next following last week’s …

Continue reading “Market enters a ‘wait-and-see phase’ as Bitcoin struggles below $40,000”

DeFi is in the spotlight and Bitcoin fans may be getting jealous in this week’s Finance Redefined. As a kid who grew up in a podunk-nothing, mid-sized American city, I know what it’s like to read parachute journalism covering topics and stories close to my heart. Some bad news for my fellow DeFi brethren: you’re …

Continue reading “Finance Redefined: Parachute journalism on the frontlines of DeFi! May 19-26”

The 20-day EMA and 50-day SMA are often used by traders to observe the market’s momentum and calculate the best time to enter and exit an asset. The first step to successful trading is the identification of medium- and short-term trends. Traders who remain on the right side of the trend and use risk management …

Continue reading “3 ways traders use moving averages to read market momentum”

Talos seeks to accelerate institutional adoption of digital assets. It now has some of the industry’s biggest backers supporting its mission. Talos, an up-and-coming institutional technology provider for cryptocurrency trading, has secured $40 million in Series A funding from some of the biggest venture capitalists in the digital asset market.  The raise, which was led …

Continue reading “Andreessen Horowitz leads $40M investment round into crypto-trading platform”

Investors are backing the Balancer protocol with greater conviction. Could this be a sign that market hype surrounding DeFi is ramping up again? The capital raise was led by Blockchain Capital, Fintech Collective, LongHash Ventures, Fenbushi Capital, Continue Capital and Kain Warwick, the founder of DeFi protocol Synthetix. The funds will be used to strengthen …

Continue reading “VCs back Balancer with $24.25M investment”

Ethereum bulls may have flipped $2,400 back to support, but Friday’s ETH options and futures expiry will determine if traders press the pedal for $3,000. The May 28 futures and options expiry could be a turning point for Ether (ETH) as the cryptocurrency rebounded 60% from its $1,730 low on May 23. Even though the …

Continue reading “Monthly $1.9B Ethereum futures and options expiry will determine if ETH hits $3K soon”

The ICHI ecosystem has attracted several high-profile partners, including Solana, Moonbeam, SushiSwap, 1inch Network, Loopring and Bancor. Stablecoin issuing platform ICHI has launched a Decentralized Monetary Authority, or DMA, that enables cryptocurrency networks to more easily mint their own stablecoins securely.  By utilizing ICHI’s DMA, cryptocurrency communities can create and govern their own fully-collateralized stablecoins …

Continue reading “ICHI launches ‘Decentralized Monetary Authority’ for stablecoin issuance”