Crypto exchange Coinbase confirmed on Wednesday that it had been served with a Wells Notice by the Securities and Exchange Commission (SEC). The agency alleges that the exchange’s staking service is unregistered security. It is expected that Coinbase will seek to challenge the SEC’s action in Court. A person familiar with the matter spoke to…
The Bitcoin rally that began at the start of the year has made miners a happy lot. According to investment company Stifel, most Bitcoin miners are expected to post profits in the first quarter of this year. BTC rally comes at a time when power prices are finally reducing, essentially helping miners sustain their businesses….
Since last week, the crypto market has been recording massive gains, with Bitcoin increasing in value by 36%. Alt-coins have also seen a surge in their prices, with Fantom, MAGIC, Conflux, Stacks, and Mask Network leading the way. Conflux Network In the past 24 hours, Conflux Network (CFX) has seen gains of 15% and 147%…
On Saturday, several reports suggested that NFT and crypto staking protocol ParaSpace had encountered an attempted attack that put more than $4.5 million at risk. Later that day, the company confirmed those reports while announcing that it had paused its platform to find the vulnerability the attacker was trying to exploit. Hours after the announcement,…
US-based crypto exchange Coinbase has, in recent weeks, accelerated its plans to expand beyond America. According to the company’s spokesperson, Coinbase wants to grow its presence on all continents except Antarctica. The spokesperson added that Coinbase’s international expansion plans would be executed in a way that the exchange is able to offer its products while…
Bitcoin users can make transactions without revealing their personal information, but that does not mean they are completely anonymous. This is because a transaction history is usually displayed on a blockchain for everyone to see. Therefore it is possible for investigators to piece together your identity by tracking the movement of the crypto. But that’s…
On Tuesday afternoon, Bitcoin crossed the $26,000 mark for the first since last Summer following the latest CPI report that indicated inflation in the United States was still alive. The Bureau of Labor Statistics reported Tuesday that the Consumer Price Index (CPI) increased 6.5% in the last 12 months. The report aligned with the expectations…
The term decentralized finance (DeFi) has become common within the blockchain and web3 spaces. DeFi seeks to decentralize services like lending and borrowing, which are found in the traditional banking system. You can easily mistake financial technology (FinTech) apps such as PayPal, Venmo, and Revolut for decentralized apps, but they are more closely related to…
Financial powerhouse JPMorgan, which just executed its 1st cross-border financial operation using the technology that has grown so popular in the cryptocurrency field, is giving the blockchain sector a significant boost. JPMorgan is strongly boosting DeFi One of the major monetary institutions in the world entered the field of autonomous banking as a result of the…
The most recent stablecoin proposal tied to the (CNH) offshore Chinese Yuan uses the technological foundation of Tron (TRX), an advanced blockchain that is EVM compatible. The second major fintech player to launch a stablecoin initiative tied to the Chinese yuan is TrueUSD, the creator of a new stablecoin. Is this a stablecoin trend to…
In a news report, Binance stated that the organization would change the ticking level (for example, by December 14th, some spot trading pairs will have their minimum bids changed, rising marketplace exchangeability and improving the exchanging experience) is going to be finished in two stages. For details on ticking sizings for all exchanging pairings on…
In Asia, Avalanche will aid the operation of the e-commerce web company Alibaba, supporting the cloud-based servers and building a new internal data-storing structure. Through their collaboration with the cloud servers and e-commerce corporation, Avalanche is going to create the tools necessary for clients to set up certification connections on their open crypto-based redistributed service…
In recent years, Polygon has tried its best to form several partnerships in order to make high-profile partners. So far, Polygon has succeeded in doing so, and now, it has a list of strong partners. The list of strong and high-profile partners includes Robinhood, Starbucks, and Disney. Polygon even went on to form a very…
Hungary’s Blockchain Coalition and the Thai Fintech Association have partnered up to introduce new blockchain technologies to their respective finance sectors. Both parties signed a Memorandum of Understanding at the first edition of a major Fintech event. According to the Bangkok Post, both parties attended the Thai-Hungarian Fintech Forum. The event aims for both countries…
The month of October has earned itself a new moniker in the crypto space of ‘Hacktober’ and this is for good reason. According to the latest statistics, the crypto exploits in this month and the amount of digital assets that were stolen have broken all previous records. Worrying statistics PeckShield, a blockchain security firm, published…
It has been a while since when the electronic payment giant Visa Inc. has been overstretching its efforts in adopting blockchain and digital currencies. In its recent initiatives, Visa has filed two separate applications before the trademark authority namely United States Patent & Trademark Office (USPTO). One of the attorneys of USPTO, Mike Kondoudis, tweeted…
The central bank of Kazakhstan is working on developing its own digital currency and it plans to deploy it via BNB chain, which is the blockchain platform of Binance. The chief executive of Binance, Changpeng Zhao was one who announced this decision on social media. Binance is the largest crypto exchange in the world in…
The crypto space is infamous for the many ups and downs that a token can experience over the course of its lifespan. In a matter of days or sometimes hours, it is very likely that a token can see its price reach the highest highs and the lowest lows. However, other than having to worry…
The people of Turkey who have been part of the cryptocurrency industry are now aiming to take things to the next level. The country is aiming to take its cryptocurrency ecosystem to the next level. Turkey Aims to Buy the Dip Just when the entire cryptocurrency industry is afraid of buying more into cryptocurrencies due…
On October 3, the trading price of Binance Coin (BNB) was able to move over the moving averages. The bulls were able to prove that they had some power to continue with the trend and they were able to do it for some time. However, the bears were also determined to show off their selling…
For days, there is a fight taking place between the bulls and the bears to move Polkadot (DOT) in their favor. The bears have continued exerting strong selling pressure over the bulls in order to lower their confidence. However, the bulls are not ready to give up easily as they have been fighting the bears…
Animoca Brands is one of the major platforms within the crypto-blockchain industry and it wants to gain even more ground within the sector. In recent years, Animoca Brands has gained so much name in the world of blockchain and metaverse gaming. For this purpose, the brand has collaborated with multiple blockchain and metaverse-based companies. Animoca…
Indeed, web3 and decentralized finance (DeFi) capabilities are among the blockchain pillars making most chains attractive to investors. Early adopters that joined the space are working to strengthen their footing. Polygon is among such platforms. The Polygon Village Created as a one-stop platform for developers to build and enhance projects, Polygon Village will use vouchers…
LUNA 2.0 drops 80% within hours of listing. The token is in the innovation phase on Binance, the world’s leading crypto exchange. While publishing this content, LUNA 2.0 traded at $5.75. The LUNA 2.0 went live on 28 May, and multiple wallets received the token’s airdrop. The chain started with an initial price of $0.30…
The Africa Blockchain Report 2021 by Standard Bank and CV VC (Crypto Valley Venture Capital) revealed that African cryptocurrency businesses experienced more venture capital in 2022 Q1 than in 2021 Q1. Compared to the same timeframe in 2021, blockchain companies in Africa raised about $91 million in 2022 Q1, translating to a 1,668% cash inflows…
