USDT stablecoin issuer Tether has disclosed a strategy geared towards cutting down on the company’s commercial debts The move could aid in quelling doubts pertaining to the firm’s transparency Tether’s decision comes on the back of controversy regarding its commercial paper holdings and reduced cash reserves Also, the popular stablecoin was recently launched on the …
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Virtual asset service provider Nexo has launched a crypto-backed credit card service It allows users to spend money and make payments while leveraging their cryptocurrencies as collateral The feature is powered by a partnership with settlement giants Mastercard and DiPocket European users will be first to receive access to Nexo’s latest service before the feature …
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Celsius Network posted an update saying that new deposits would not receive interest. However, accredited investors would still receive interest on deposits. Other platforms like BlockFi and Nexo have also been affected by U.S. authorities’ actions. The crypto community is not pleased with the changes, saying that it hurts their investments. The United States Securities …
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Shib: The Metaverse has officially initiated its early access land bid event. The users will now be able to compete and place bids on Shib: The Metaverse land plots to avail a space in the shib virtual world. The Shiba Inu team took to Twitter to unveil the introductory phase of their Metaverse land sales …
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On Monday, April 11, Ethereum developers conducted the first Proof-of-Stake test on the Ethereum blockchain. This deployment was named “mainnet shadow fork” by Ethereum developer Marius van der Wijden. The shadow fork enables the team to examine hypothetical testnet and mainnet blockchain scenarios. Simply put, a shadow fork is a duplicate of the mainnet that …
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Ethereum’s latest upgrade from a proof-of-work network to a proof-of-stake blockchain passed a key test phase The process dubbed The Merge was successfully trialed on a private mainnet staging area known as a shadow fork The event is one of two test stages before the upgrade ships to the public mainnet While desired results were …
Summary: Ethereum developer Virgil Griffith will serve 63 months in federal prison for visiting North Korea without the permission of the US Government Griffith also has to pay a $100,00 fine for his role in helping North Korea to use crypto to evade sanctions He was arrested in November 2019 after giving a talk at …
Quick take: Microstrategy CEO has warned that inflation might be worse than we think and that Bitcoin is better than we know Michael Saylor’s comments come after CPI data for March showed that inflation in the US was at 8.5% 8.5% is the highest gain in annual inflation since 1981 (41 years) Bitcoin’s current inflation …
Stablecoin issuer company Circle has reached a huge capital investment agreement with the world’s largest asset management firm The deal is worth a staggering $400 million and could help to widen Circle’s offering in the digital economy USDC stablecoin issuer Circle Internet Financial secured a $400 million funding round to broaden the scope of the …
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Coinbase has revealed 50 assets that are being considered for listing. Forty five of the assets belong to Ethereum and five to Solana. Coinbase also stated that it would be more transparent when it comes to the listing process. It was also discovered that someone accumulated the assets on the list 24 hours before it …
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Report Highlights Areas Where Businesses Can Make Energy Efficiency Improvements When Building on Ethereum WAKEFIELD, Mass. – April 12, 2022 – The Enterprise Ethereum Alliance (EEA) today announced the publication of its Summary Report & Key Takeaways: EEA Workshop on Sustainability and Resource Efficiency in Public and Private Ethereum Networks, available as a document for …
Virtual asset exchange platform Robinhood has onboarded four new cryptocurrencies on Tuesday Reports say that Shiba Inu is among the tokens added Compound’s COMP, Polygon’s MATIC, and Solana’s SOL have also been added to the list of cryptos on the trading app Heavyweight equities trading and cryptocurrency exchange provider Robinhood added support for four digital …
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American rapper Snoop Dogg is launching an NFT collection in collaboration with Clay Nation and Champ De Medici The NFT collection will include Snoop Dogg’s unreleased music, collectibles, and limited edition clay Nation plots for sale. The famous American rapper and songwriter Calvin Broadus Junior, popularly known as Snoop Dogg, has launched its exclusive NFT …
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Forbes has kicked off its foray into the metaverse with its ever non fungible token collection The collection is named Virtual Billionaires NFT and will launch on April 13, 2022 Major crypto exchange FTX has been announced as a partner for the collection and will power the blockchain aspect of the project Global American-based business …
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Summary: Uniswap Labs has launched a venture unit dubbed Uniswap Lab Ventures Uniswap Lab Ventures (ULV) aims to fund projects focusing on web3 that are aligned with the company’s vision The team at ULV will also be participating in the governance of portfolio protocols beginning with Aave, Compound Finance, Maker Dao, and ENS Domains Uniswap …
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