Study Shows Cross-Chain Bridge Technology Growth, Bridges to Ethereum Exceed $7 Billion

On September 8, 2021, Dmitriy Berenzon, research partner at 1kxnetwork, an early-stage crypto fund that helps founders bootstrap token networks, published a comprehensive research post concerning blockchain bridges. Berenzon’s study highlights the current “multi-chain market structure” and bridges that are making a myriad of blockchains compatible. Researcher: ‘We Are Finally in a Multi-Chain Market Structure’ …

Monsta Infinite Lists on AscendEX

press release PRESS RELEASE. AscendEX is thrilled to announce the Monsta Infinite token (MONI) listing under the trading pair USDT/MONI on Sept. 15 at 1 p.m. UTC. In celebration of the MONI listing, AscendEX and the MONI team will launch seven limited-time promotional events for users to earn token rewards. The events will take place …

Ethereum After 1559: Network Participants Burn Over 300,000 Ether Worth More Than $1 Billion

On August 5, 2021, the Ethereum network and its participants successfully completed the highly anticipated London upgrade, which saw the implementation of the Ethereum Improvement Proposal (EIP)-1559. Since then, 303,681 ether worth more than a billion U.S. dollars have been burned. More Than 300K Ether Burned Following EIP-1559 More than a billion dollars worth of …

Dogecoin Rival Shiba Inu Spikes in Value While DOGE Prices Flounder, SHIB Jumps 21% in 24 Hours

While the dogecoin’s token price has floundered during the last seven days, the meme-coin’s rival shiba inu (SHIB) has moved up the ranks in terms of weekly gains. Dogecoin has shed 5.8% during the last week, but shiba inu has spiked 21.3% during the course of the week and 21.1% in the last 24 hours. …

Coinbase Files to Offer Cryptocurrency Futures and Derivatives Trading

Cryptocurrency exchange Coinbase has filed an application with the National Futures Association (NFA) to offer futures and derivatives trading on its platform. The exchange says its new offerings aim to “Further grow the cryptoeconomy.” Coinbase Registers to Offer Crypto Futures and Derivatives Trading Coinbase Global Inc. (Nasdaq: COIN) announced Wednesday via Twitter that it has …

Paxful now supports speedy Bitcoin transactions after Lightning integration

Data: Bitcoin (BTC) adoption grows 1,200% in Africa The adoption of Bitcoin in Africa has swelled immensely over the past year, making it the third fastest-growing Bitcoin economy globally.  BTC adoption up by 1200% in Africa A report produced by Chainalysis estimated the growth to be over 1,200%, which means there has been an increase …

Here’s why Ethereum DeFi app Arbitrum went offline yesterday

Arbitrum suffered downtime on September 14 as the network’s sequencer went offline for roughly 45 minutes, disclosed Offchain Labs, the company that is developing the optimistic rollup, in an official report on Medium.  The young Layer-2 rollup belongs to the flock of scaling solutions that sit on top of the Ethereum (ETH) network, enabling cheaper …

Aurus partners with Moonfarm – Earn yield on precious metals

Moonfarm is a yield aggregator platform that offers investors a yield on their cryptocurrency holdings by facilitating single asset staking and liquidity provisions on Decentralized Exchanges (DEX’s) including Uniswap, Pancakeswap and Quickswap. Aurus provides a Tokenization-as-a-Service (TaaS) solution to the precious metals industry. Aurus empowers precious metals. While uncontested as stores of value, precious metals …

Top Shot NFTs creator Dapper Labs inks deal with Google

Google, the largest search engine in the world, has partnered with NBA Top Shot marketplace developer, Dapper Labs, to help support and scale its blockchain, Flow. According to the announcement, the Cloud arm of the tech giant would function as the network operator of the Flow blockchain whilst also offering its Cloud infrastructure in order …

SEC Chair Gensler: ‘We Don’t Have Enough Investor Protection in Crypto Finance, Issuance, Trading, or Lending’

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, explained that there is not enough investor protection in cryptocurrency. He added that the securities regulator needs more funding and manpower to effectively regulate the crypto sector. SEC Chair Gensler Says More Funding Needed to Regulate Crypto Space SEC Chairman Gary Gensler detailed …

AMC Confirms Plan to Accept Bitcoin, Ethereum, Litecoin, and Bitcoin Cash

The world’s largest movie exhibition company, AMC Entertainment, has announced its plan to accept cryptocurrencies by year-end. AMC CEO Adam Aron says the entertainment giant will accept bitcoin, ether, litecoin, and bitcoin cash. AMC Prepares to Accept Cryptocurrencies AMC, the largest movie exhibition company in the U.S., Europe, and the world, has unveiled its plan …

HUMAN Protocol (HMT) Announces Listing on Bitfinex

sponsored September 16th, 2021 09:00 UTC – The HUMAN Protocol Foundation, the team behind HUMAN Protocol, have announced today that the Protocol’s native utility token, HMT, is listed on Bitfinex. Bitfinex is one of the crypto world’s legacy exchanges. It consistently performs as one of the highest ranked exchanges, taking into account trading volume, liquidity, …

IRS, Janet Yellen Press Lawmakers to Push ‘Tax Compliance Agenda’ — Banks to Report Deposits, Withdrawals of $600

On Wednesday, U.S. Internal Revenue Service (IRS) commissioner Charles Rettig and Janet Yellen, the Treasury secretary, urged lawmakers to give the IRS permission to report annual inflows and outflows from American bank accounts. Regardless of tax liability, financial institutions across the country will have to report accounts with at least $600 worth of transactions or …

Central Bank of Turkey Expands Research, Prepares to Test Digital Lira on New Platform

The Turkish central bank has established a new platform together with technology stakeholders to further the development of a digitalized version of the national fiat currency. The new collaboration will allow Turkey to focus on expanding research and conducting tests of the prospective digital lira. Turkey Sets Up Digital Lira Collaboration Platform The Central Bank …

Over $1 billion worth of Ethereum (ETH) now burned after EIP-1559 update

Nearly six weeks after the implementation of the highly hyped Ethereum London upgrade, a colossal amount of ETH has been burned on the network. $1 billion Ether burned Data from Watchtheburn confirmed this with figures, as it indicated that since the activation of London Hard Fork on August 5, over 297,000 ETH, worth more than …

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