Global fintech giant Ripple announced that it has launched a new service called the Liquidity Hub. According to a blog post published on Tuesday, Liquidity Hub is a groundbreaking new way for enterprises to easily and efficiently source digital assets from the broader crypto market. Bringing cryptocurrency trading to enterprises Ripple’s latest service was designed …
Tag archives: Bitcoin
Botswana Does Not Have Regulatory Framework for Crypto — Central Bank
The Bank of Botswana (BOB) has said the country does not have a specific legal or regulatory framework pertaining to crypto assets. The bank does, however, warn residents investing in cryptocurrencies that they will have no legal recourse should they suffer financial losses. Central Bank Responding to Public Inquiries In its statement released on November …
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Unnamed South African Investor Proposes Buying 51% Stake in Collapsed Crypto Firm for $5 Million
An unknown investor has proposed to acquire a 51% stake in Africrypt — the collapsed cryptocurrency investment company — for a purchase price of $5 million. However, in exchange for the offer, the investor wants all criminal proceedings against Africrypt directors dropped. Offer Must Be Supported by 75% of Creditors According to a report by …
Twitter Sets up Dedicated Team to Focus on Cryptocurrency and Decentralized Apps
Twitter has set up a team to focus on “crypto, blockchains, and other decentralized technologies — including and going beyond cryptocurrencies.” Initially, the team will explore how it can “support the growing interest among creators to use decentralized apps to manage virtual goods and currencies, and to support their work and communities.” Twitter to Focus …
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Cardano (ADA) stakers grow by over 100,000 since September, but much more work still needs doing
Cardano continues going from strength to strength as staking addresses increase by over 100,000 in two months. According to the online staking metrics website pooltool.io, staking addresses hit 942,000 on November 10. Compared to 821,000 staking addresses on September 10, an increase of 121,000 or nearly +15% in two months. The numbers bode well insofar …
How Bitcoin is helping people at the grassroots level in Africa
Bitcoin is being used as a fail-safe mechanism during times of natural disaster in Africa. According to TechCrunch, the eruption of the Mount Nyiragongo volcano in the Democratic Republic of the Congo in May caused mass displacement of families in the surrounding region. In the chaos of the situation, Bitcoin was being used as a …
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Austria Plans to Tax Cryptocurrencies Like Stocks, Vows Equal Treatment
As a growing number of governments are looking to tap into crypto profits, authorities in Austria have indicated their intention to tax gains from digital asset investments just like those from stocks and bonds. The move is expected to increase trust and access to cryptocurrencies. Austria to Apply Capital Gains Tax to Bitcoin, Make Crypto …
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Sotheby’s to Bring Down the Hammer in Ethereum on 2 Iconic Banksy Paintings
Sotheby’s, the British-founded American luxury auction house, has announced the company will be selling Banksy works for real-time bids in ethereum at “The Now Evening Auction” on November 18. While the upcoming auction will have pieces from highly acclaimed artists such as Mark Bradford and Yoshitomo Nara, Banksy’s “Love in the Air” and “Trolley Hunters” …
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Announcing the Launch of the Lao Crypto and DeFi Product – Welnance Finance
press release PRESS RELEASE. Welnance, a DeFi protocol built on Binance Smart Chain, is set to launch the first Lao crypto and decentralized product on the 11th of November, 2021. Welnance is a decentralized financial platform that’s aimed at promoting financial freedom and choices for people around the world by offering fast, secure, reliable financial …
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DCG Mining Subsidiary Foundry Launches Range of Services for 20 Crypto Staking Networks
Foundry, the Digital Currency Group (DCG) subsidiary and cryptocurrency mining and consulting firm from Rochester, New York announced the launch of a new platform on Wednesday called Foundry Staking. The company says the product currently supports 20 blockchain networks and will provide digital asset staking and advisory services going forward. Foundry Launches Staking Services The …
Rarible Marketplace Users Can Now Create, List, and Trade Flow-Based NFT Collectibles
On November 10, the non-fungible token (NFT) marketplace Rarible.com and the Rarible protocol announced an integration with the Flow blockchain. The announcement details that Rarible users can now create, list, and trade Flow-based NFTs on the marketplace. Rarible Partners With Flow Blockchain The NFT market Rarible.com and the Rarible protocol have revealed the support of …
Twitter announces a crypto team to work on dApps and NFTs
Social media giant Twitter has announced the formulation of a crypto unit to manage its blockchain and crypto-related divisions. Twitter further states “that it wants to figure out what crypto can do for Twitter” and is ready to pool substantial funds to enhance and explore the decentralized technology. The newly formed crypto team will be …
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Proshares Bitcoin rises to the top 2% of all ETFs in terms of volume
Bloomberg’s senior ETF analyst Eric Balchunas took to Twitter to draw statistics concerning the ETF market, stating that the new Proshares Bitcoin ETF had traded $400 million worth of shares yesterday alone. $BITO and $BTF both had their biggest volume days in about two weeks. $BITO with a $400m traded, which is not only a …
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Hedera Network will soon see its first DeFi project
Akt.io, in partnership with the HBAR Foundation, is launching on the Hedera network, becoming the first DeFi app on the carbon-negative blockchain. The HBAR Foundation fuels the development of the Hedera ecosystem by providing grants and other resources to developers, startups, and organizations that seek to launch decentralized applications in DeFi, NFTs, CBDCs, ESGs, gaming, …
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China’s Real Estate Giant Evergrande Narrowly Dodges Default for Third Time in 30 Days
In mid-September China’s Evergrande Group, the country’s second-largest property developer by sales, sparked fear in the global economy as the company’s market valuation plummeted to an 11-year low. Global economists have warned that if Evergrande defaults on its debts, it could start a credit contagion similar to the Lehman Brothers bankruptcy in 2007. So far, …