Cardano (ADA) adds 50,000 new ‘staking’ addresses in just 3 weeks According to data aggregation platform PoolTool, Cardano (ADA) added more than 50,000 staking addresses in three weeks’ time, reflecting a substantial 8% growth in less than a month. 2 min read → Go to Source
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Ethereum exchange flow is falling, what does this mean?
Data compiled by Chinese journalist Colin Wu shows a sharp drop over the weekend in Ethereum reserves held on exchange wallets. The trend has continued downwards over the course of this week, leading some to ask, what is going on with the second largest cryptocurrency? Source: Twitter.com What is signaled by dwindling Ethereum exchange reserves? …
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Report: Fintech’s Growing Popularity a Threat to Profitability of Nigerian Banks
Financial technology companies (fintechs) are now among the biggest threats to the overall profitability of Nigerian banks, analysts from the country’s Coronation Merchant Bank (CMB) have warned. The Efficiency of Fintech As a report carried by local media explains, this threat from fintech services stems from their growing popularity with “tech-literate” customers. According to CMB …
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Crypto Derivatives Exchange Bybit to Introduce Stringent KYC Policy
The British Virgin Islands-based Bybit Fintech Limited has announced the cryptocurrency derivatives exchange is introducing an updated know-your-customer (KYC) policy on July 12. Bybit notes that it already had certain KYC requirements implemented, but the new system reform is meant to “improve security compliance for all traders.” Bybit Says Companies and Individual Clients Mandated to …
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Ukraine’s Monobank to Allow Customers to Trade Bitcoin
Monobank, a mobile bank operating in Ukraine, has announced new products and services that will allow users to trade cryptocurrencies and stocks. One of the offerings includes a bitcoin card which the online banking platform is going to launch as early as this month. Monobank to Offer Users Bitcoin Card and Crypto Exchange By the …
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Sygnum Bank Launches ETH 2.0 Staking – Business Unit Head Says ‘Staking Is a Core Element for Portfolios’
The Switzerland-based bank Sygnum revealed on Tuesday that the firm now allows Ethereum 2.0 staking. The FINMA-approved company’s customers can access the Ethereum-based staking services via Sygnum’s banking platform. Sygnum’s Banking Platform Offers Ethereum 2.0 Staking Last November, Sygnum Bank AG revealed that it is partnered with the company Taurus Group, a firm that also …
Back to the moon: Could the Robinhood IPO breathe new life into the ailing crypto market?
After much excitement and a series of fresh all-time highs for the likes of Bitcoin and other altcoins, the cryptocurrency market experienced a significant crash during May that left sentiment among investors at a new low. Although cryptocurrency markets are famously volatile, the sheer depths that the May 2021 crash delved into carried a sense …
DeFi summer 2.0? Synthetix, Aave, Sushi pump double digits
The decentralized finance (DeFi) landscape exploded independently from Bitcoin (BTC) last year and the so-called DeFi summer of 2020, which was ignited by emerging staking options, could have a sequel this year. Despite the recent price correction, judging by the latest jumps yield farming coins are on the rise and the liquidity mining hype could …
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China Shuts Down Software Maker Over Suspected Crypto-Related Activity, Issues Industry-Wide Warning
The People’s Bank of China (PBOC), the country’s central bank, has shut down a software firm over suspected involvement in cryptocurrency transactions. The central bank also warned organizations not to “provide premises, commercial display, advertising … and other services for cryptocurrency-related business activities.” China’s central bank warned companies on Tuesday against assisting cryptocurrency-related businesses as …
Crypto Exchange Binance Suspends Euro Deposits via SEPA Bank Transfers
Troubles at cryptocurrency exchange Binance continue as the platform is now reportedly suspending euro deposits via SEPA bank transfers. Binance says the suspension is temporary and it is due to events beyond its control. Binance’s Troubles Extend to SEPA Transfers Binance users reported Tuesday that they have received a notice from the exchange about the …
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Allied Payment Network Embeds Bitcoin Service, Will Hold BTC in Corporate Treasury
Payment service provider Allied Payment Network has partnered with New York Digital Investment Group, the bitcoin subsidiary of $10 billion asset manager Stone Ridge. Financial institutions using Allied’s platform will be able to offer their customers the option to buy, sell, and hold bitcoin. Furthermore, Allied will keep bitcoin on its balance sheet. Allied Payment …
Financial Watchdog FinCEN Recruits First-Ever Chief Digital Currency Advisor
Following the Financial Crimes Enforcement Network (FinCEN) explaining the misuse of cryptocurrencies is a national priority last week, the bureau announced on Tuesday it hired its first-ever chief digital currency advisor. FinCEN’s acting director Michael Mosier detailed that Michele Korver will be the bureau’s new crypto expert and she brings “a wealth of digital currency …
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Bitcoin ETF applicants accuse the SEC of foul play
Last month, the Securities and Exchange Commission (SEC) delayed yet another Bitcoin ETF application, this time from Cboe Global Markets Inc. The U.S regulator said it would seek more public consultation on the matter before making a decision. That makes 13 Bitcoin ETFs currently pending approval, according to Market Insider. Some fund managers say this …
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Ripple CTO slams regulators as Barclays blocks Binance payments
Barclays UK customers have been blocked from transferring funds to Binance as the bank prohibited all credit and debit card payments to the exchange. Ripple’s (XRP) CTO David Schwartz turned to Twitter, calling for freedom of choice as the repercussions of the recent announcement made by the country’s financial watchdog keep unraveling. Pointing out the …
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Bitcoin Taproot Support Lags at 27% — Even Though Soft Fork Is Opt-in Supporters Beg Nodes to Update
On June 12, the crypto community celebrated the fact that the Bitcoin network locked in Taproot support in order to activate the largest upgrade the protocol has seen in four years. 24 days later, Taproot support via Bitcoin nodes has only reached 27.55% and upgrade supporters are pleading with the community to update their nodes. …