On-chain analysis firm Chainalysis has stated that the interest of institutional investors in decentralized finance (DeFi) apps and protocols have overtaken that of retail investors. Institutional investors dominate Defi According to the report, DeFi has recorded a terrific year and has enjoyed widespread user adoption and usage amongst crypto enthusiasts. However, institutional investors like hedge …
Continue reading “Data shows institutions, not retail, are driving crypto DeFi Adoption”
Seven-time Super Bowl winner Tom Brady and his supermodel wife Gisele Bündchen are featured in a new commercial for cryptocurrency exchange FTX. The company plans to invest $20 million in the ad campaign. Tom Brady and Gisele Bündchen Star in Commercial for FTX Tom Brady and Gisele Bündchen are in a commercial for cryptocurrency exchange …
press release PRESS RELEASE. GoCrypto, a solution allowing merchants to accept, store, withdraw and buy cryptocurrencies, announced the integration of Binance Pay into the GoCrypto system giving crypto adopters more options to use crypto as the mainstream means of payment as they are intended to be. The GoCrypto solution, developed by Elly – a fully …
Continue reading “Binance Pay and GoCrypto Bring Crypto Payments Closer to Everyday Use”
The chairman of India’s Parliamentary Standing Committee on Finance explains that cryptocurrency legislation in India will be “distinct and unique.” He added, “We have to balance stability and growth but we recognize how important this whole area of crypto is.” Lawmaker Provides an Update on Crypto Legislation Jayant Sinha, a lawmaker of the ruling Bharatiya …
Continue reading “India’s Cryptocurrency Legislation Will Be ‘Distinct and Unique,’ Says Lawmaker”
The parliament in Kyiv has passed legislation determining the rules for crypto-related operations in Ukraine. The law “On Virtual Assets” recognizes cryptocurrencies as intangible goods while denying them the status of legal tender. It also regulates the activities and obligations of crypto businesses. Ukraine Legalizes Crypto Activities, Defines Virtual Assets Ukraine’s Verkhovna Rada, the country’s …
Continue reading “Ukraine Adopts Law ‘On Virtual Assets’ to Regulate Crypto Market”
Solana displaced Ripple (XRP) this morning to become the sixth-largest cryptocurrency by market cap, data from multiple sources shows. The feat puts it at a $60 billion marketcap—one that took a little under 24 months to achieve. The Solana lure So-termed the world’s ‘fastest’ blockchain, Solana boasts transactions per second (tps) speeds of over 65,000 …
Continue reading “Solana (SOL) flips XRP to become the sixth-largest crypto. Surges to $210.”
Following Tuesday’s Bitcoin flash crash, which took the rest of the market down as well, investors are wondering what happened. The CEO of Alameda Research, Sam Trabucco, commented that it was the most significant move in months. While it also caught him off guard, a further look at the signs shows a dip was on …
A high-ranking representative of Russia’s notorious Finiko Ponzi scheme has been arrested in Tatarstan. Ilgiz Shakirov, a businessman from Kazan, rose to the rank of vice president of the crypto pyramid which is believed to have defrauded millions of investors in the Russian Federation and surrounding regions. Kazan Police Detain Finiko Vice President Police in …
Continue reading “Top Finiko Crypto Pyramid Executive Arrested in Russia’s Tatarstan”
The Central Bank of Nigeria (CBN)’s director of monetary policy, Hassan Mahmud, has suggested that the institution is not worried about the naira’s valuation but is instead interested in “boosting dollar supply on the currency market.” Naira Depreciation According to a report, Mahmud’s remarks were made just a day after the local currency touched a …
Continue reading “Nigerian Central Bank: We Are Not Worried About the Naira’s Valuation”
On Wednesday, the programmable liquidity platform Balancer Protocol announced the project has partnered with the Wallstreetbets defi project Wsbdapp. The announcement details that the two projects will collaborate in order to launch Wsbdapp’s exchange-traded portfolios (ETPs) on Balancer V2. Balancer Protocol and Wallstreetbets’ Defi Project Partner to Launch Exchange-Traded Portfolios Last week, Bitcoin.com News reported …
Continue reading “Balancer Protocol Reveals Partnership With Wallstreetbets Defi Project Wsbdapp”
press release PRESS RELEASE. TimeCoinProtocol is a decentralized sharing economy protocol which aims to optimize world resource usage. Various applications can be built and run on the TimeCoinProtocol including third party applications. The project puts a strong focus on the Gig Economy and Creator Economy. The project has issued an original crypto currency called TimeCoin(TMCN) …
Tuesday saw Cardano developers Input Output Global (IOG) confirm the Alonzo smart contract hard fork will take place on Sunday, September 12 at around 22:00 UTC. This moment marks the culmination of four years of work and will make history in the process. However, as witnessed with the recent “concurrency” FUD storm, in which critics …
Continue reading “Ethereum dev points out major reasons behind his Cardano (ADA) criticism”
FTX CEO Sam Bankman-Fried has announced that the platform would now support an NFT marketplace where its throngs of international users and those in the United States would be able to mint, buy and sell the tokens across Solana and Ethereum networks. First FTX NFT Sells for over $200k Shortly after its launch, the new …
Continue reading “Yesterday in FTX-land: Stephen Curry partnership and a $290,000 NFT”
One of South Africa’s biggest cryptocurrency exchanges, Luno, has confirmed that it has started restricting withdrawals by clients. The exchange insists the limits are meant to “act as a deterrent for illicit actors moving large amounts of funds within the crypto ecosystem.” Transfers From Luno to Binance Blocked However, despite this acknowledgement, Luno has so …
A former federal prosecutor says that the U.S. Securities and Exchange Commission (SEC) “will stop at nothing to control the entire crypto space.” The SEC has now threatened to sue the Nasdaq-listed crypto exchange Coinbase. The regulator is already in an ongoing lawsuit with Ripple Labs and its executives. SEC Going After Entire Crypto Space, …
