Onomy Protocol recently announced bridging to Polygon–expanding its list of cross-chain deployments. Onomy’s application-specific Layer 1 blockchain, which is built with Cosmos Tendermint, powers a hybrid DEX and Forex marketplace, a stablecoin minting system, and a non-custodial wallet. DeFi’s first DEX that combines AMM liquidity pools with an order book UI The integration will unlock …
Tag archives: Bitcoin
El Salvador purchases additional 410 Bitcoin for $15 million
Bitcoin-centric Central American country, El Salvador, has taken advantage of the ongoing bear market to buy 410 units of Bitcoin for around $15 million. President Bukele called the purchase “really cheap” Per a revelation by the country’s president, Nayib Bukele, El Salvador purchased each unit of the asset at an average price of $36,585, making …
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New Payment System Seeking to Bolster Intra-African Trade Goes Live
A new continent-wide payment system that seeks to strengthen African fiat currencies, as well as to boost intra-Africa trade, recently went live. Discussions about onboarding more African countries are still ongoing. SMEs the Main Beneficiaries of the Payment System A new African payment system, the Pan-African Payment and Settlement System (PAPSS), recently went live in …
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Despite the Drop in Crypto Prices, Weekly NFT Sales Reach $4.7 Billion, Increasing 81%
While crypto markets shed billions during the last seven days, non-fungible token asset sales are still up 81% since last week. Statistics indicate $4.7 billion in NFT sales were settled in seven days among 326,733 buyers, and Ethereum saw a continued rise in NFT sales volume. NFT Sales Remain Strong Despite Crypto Market Price Reversal …
Bitcoin Price Slips Below $36K, BTC Dominance Increases, Billions Leave Crypto Economy
The price of bitcoin tapped a new low this year hitting $34K per unit at just after 5 a.m. (EST) on Saturday morning. Bitcoin is now down over 48% lower than its all-time high (ATH) reached two months ago on November 10, 2021 — when it jumped above the $69K mark. During the last week …
Introducing Next Earth: The User-Governed Metaverse
sponsored 2022 is ramping up to a buzzing year for the metaverse. Upcoming projects like Next Earth aim to usher in a new era of user-governed virtual worlds. Next Earth is a metaverse that uses blockchain technology to manage virtual land NFTs on a 1:1 replica with Earth. This allows users to buy, sell, and …
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94% of financial advisors received questions about crypto last year
Bitwise, a leading provider of crypto index funds, and ETF Trends, a noted source of news and analysis in the ETF space, recently released the findings of their fourth joint survey of financial advisor attitudes toward crypto. Financial advisors who manage roughly half of all wealth in the US, are becoming increasingly bullish on crypto. …
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Russian Banks Begin Testing Digital Ruble Payments
Banks in Russia are preparing to dive into the pilot phase of the digital ruble project and some are already testing transactions with the currency. Trials have started with customer-to-customer (C2C) payments and Bank of Russia plans to expand the types of operations in the future. Digital Ruble Pilot Launches With 12 Participating Banks The …
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New BHUNT Malware Targets Cryptocurrency Wallets via Software Installs
Bitdefender, a cybersecurity and antivirus company, has detected BHUNT, a new kind of malware that targets cryptocurrency wallets via software installs. The malware works on top of installs of unsecured or cracked software, that already comes packaged with the system to be deployed on desktop environments. Once installed, the software extracts passphrases and seeds from …
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Iran to Pilot ‘National Cryptocurrency,’ Considers Blockchain Tech for Stock Market
The Central Bank of Iran soon plans to launch the pilot phase of its digital currency project, an official unveiled. The Islamic Republic hopes to a join a growing club of nations that want to take advantage of having a sovereign coin, while it also seeks to implement blockchain technology in other areas. Iran to …
FTX, Nexo to launch crypto debit cards
Debit cards are becoming increasingly popular among crypto users. Leading the pack, Coinbase and Crypto.com cards, among others, are already in the market. As announced today on, American crypto derivatives exchange FTX is next in line launching a Visa card to its customers. FTX users are now allowed to sign up for the card by …
NYC mayor fulfills promise to receive paycheck in Bitcoin
New York City’s new mayor, Eric Adams, has taken a bold step to fulfill one of his promises as he is set to take his first paycheck in Bitcoin, according to available information. The Mayor, in November last year, had promised to take his first three paychecks in office as a Mayor in crypto. Mayor …
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Botswana Cryptocurrency Regulation: Government Set to Present Virtual Asset Bill to Parliament
The Botswana government is set to present a “Virtual Asset Bill” to the country’s parliament, a move that could see it become one of the first countries in Africa to have laws regulating cryptocurrencies. Preventing the Proliferation of Risks Associated With Cryptos A Botswana government draft document that proposes to regulate new and developing virtual …
Robinhood Begins Rolling Out Crypto Wallets to Select Customers
Trading platform Robinhood has begun rolling out crypto wallets to 1,000 customers. Users can send and receive their cryptocurrencies from Robinhood to external crypto wallets, the company explained, adding that by March, 10,000 customers will be testing the wallets before rolling out to the rest of the waitlist. Robinhood Lets 1,000 Customers Test Its Crypto …
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NYC Mayor Eric Adams Converts First Paycheck to Bitcoin and Ether via Coinbase
The mayor of New York City, Eric Adams, has received his first paycheck in bitcoin and ether via Coinbase. “Promise made, promise kept,” the mayor said, referring to his promise to take his first three paychecks in cryptocurrency. Mayor of New York City Takes Paycheck in Cryptocurrency With the Help of Coinbase New York City …
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