Ethereum’s Co-Founder Calls For Alternative Stablecoin Technology

As the clamor for increased stability in the crypto market continues to gain traction, Vitalik Buterin has added his opinion to the call.  According to the Ethereum co-founder, the industry would do well creating other dollar-pegged stablecoins to provide more stability to the digital asset ecosystem. Buterin responded to Coinbase’s Brian Armstrong, who requested to […]

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Massive Rug Pull Threatens GameFi Project As DeFi Protocol Faces Hack

The rate at which hackers target the decentralized ecosystem is rising daily. After a recent rug pull, the market value of a famous play-to-earn blockchain platform, the GameFi initiative, dropped by 99%. Similarly, another DeFi network lost millions to the recent attack on its platform. Moreover, the blockchain security and analytic firm PeckShield Alert posted […]

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Binance Suspends Corporate Account’s $1 Million Amid Law Enforcement Demand

Following a request from law enforcement, the largest global crypto exchange by transaction volume, Binance, is blocking a company account with more than $1 million in virtual assets. According to an announcement from Binance, it has suspended the account of a Tezos (XTZ) services provider that included $1 million in digital currencies.  Moreover, the tool […]

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Singapore-based MEXC Exchange To Reward SHIB Holders With 5,555 BONE

According to Shiba Inu’s official Twitter account, the Singapore-based MEXC exchange is set to reward eligible users in an upcoming event.  The promotional event is jointly hosted by the exchange in partnership with Bone ShibaSwap (BONE), which has set the prize at 5,555 BONE, which is up for grabs in the “Sign Up, Deposit and […]

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Kazakhstan’s AFSA Gives Binance Exchange Approval To Operate

In 2022, Kazakhstan’s law enforcement toward the crypto sector took a huge turn. The former haven for crypto miners became a nightmare as the country imposed heavy sanctions on crypto miners. However, the latest report reveals that the country has given Binance approval to operate in the region. Binance announced that it had received in-principle […]

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Brazilian Brokerage Firm Plans To Launch Crypto Services In 2023

The rapid acceleration of crypto-based services has coincided with traditional institutions’ joining the digital asset movement. The Brazil-based brokerage firm Rico, a subsidiary of XP Inc., announced its plans to venture into the crypto market soon. Accordingly, the XP division is looking to expand its operations by moving to the banking sector. In addition, it […]

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Axie Infinity’s Newly Launched Origin Season 0 Comes Amid High Expectations

Axie Infinity has doubled up on its products with the recent release of Origin Season 0. The new development signals the move to the third stage of the platform’s play-to-earn games. However, the recent market rout experienced by the digital asset industry has significantly impacted Axie Infinity. After the release of the most recent game, […]

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Ethereum Reverses Price Slump To Regain $1,700 As Merge Inches Closer

After a brief price decline, the king of altcoins has recovered to recapture its lost price level. Following a drop in price on August 19, Ethereum has rallied again to return to the previous $1,700 value as activities on the network stabilize. Meanwhile, the number of active ETH wallets is increasing as the community anticipates […]

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Canada’s OSC Warns Citizens About Unlicensed Crypto Firms

Canada’s OSC (Ontario Securities Commission) has released a statement warning citizens about crypto exchanges. According to the report, the securities commission noted that some crypto exchanges in the country were unlicensed to offer securities. Among the companies are three KuCoin-related firms. Meanwhile, the latest warning from the OSC is part of its drive and mission […]

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Bitcoin And Ethereum’s Futures Return To Dominate The Spot Markets

A recent analysis of the spot markets shows that Ethereum and Bitcoin futures volumes are up again. Spot trading allows traders to buy and sell instantly delivered tokens to consumers.  On the other hand, spot volumes are the number of digital currencies transferred on the on-chain platform. Spot Volume only indicates the successful transfers, not […]

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Crypto Lobbyists Warns EU Against Stablecoin Ban

A group of cryptocurrency lobbyists has forwarded a warning letter to the European Union commission to stop its MiCA bill from banning stablecoins. The crypto group stated that the MiCA proposal might have a devastating effect on the cryptocurrency markets if pushed.   A few days ago, there were reports that EU members were debating a […]

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Bitcoin Hovers At $21,000 As Crypto Market Cap Sinks Below $1 Trillion

The king of crypto and the broader digital asset market are currently in a downward trend as prices plunge further. Bitcoin’s value has plummeted by over 10% since Friday, August 19. This happened when many liquidations had impacted the more significant crypto market. Data from CoinMarketCap shows that the price decline of Bitcoin has a […]

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South Africa’s Central Bank Okays Financial Institutions To Serve Clients Using Crypto

Crypto adoption thrives where there is official approval. And a government agency approving the use of digital assets could help boost its expansion.  Financial institutions operating in South Africa and having crypto clients can now offer digital asset services. South Africa’s central bank has approved financial services providers to offer crypto services to their clients. […]

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Ripple Teams Up With Travelex To Unveil An Enterprise Crypto Payment Solution

The United States-based crypto firm Ripple has partnered with the foreign exchange platform, Travelex, to facilitate cross-border payments between enterprises. Accordingly, the new development would see Travelex utilize Ripple’s XRP token to process transactions in Brazil.  Meanwhile, Travelex will use RippleNet’s On-demand Liquidity (ODL) to facilitate payments between entities using XRP. The Brazilian Central Bank […]

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Valour Seeks To Provide Crypto ETPs To German Banks

A crypto exchange-traded product (ETP) provider, Valour, has announced that it would issue crypto products to German banks. Accordingly, the two large German banks, Comdirect and Onvista, will provide their retail clients with crypto products. The crypto asset management company has partnered with German banks to allow their customers to integrate the Valour ETP as […]

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Here’s Why Ethereum Miners Plan To Freeze Liquidity Pool After The Hardfork

Ethereum’s announcement of its transition to Proof-of-Stake (PoS) from the Proof-of-Work (PoW) protocol did not come as a piece of cheering news for the category of people.  The people whose activities are threatened by the upcoming Merge are the Ethereum miners. As a result, the aggrieved miners are called the ETHPOW group. The ETHPOW group […]

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BTC Will Demonetize Gold Eventually – MicroStrategy CEO

Since the inception and growth of BTC, various BTC supporters have stated that it would overtake Gold in terms of value. Meanwhile, the market has been pretty rough for Bitcoin as its market valuation fell out of the top ten earlier this year. However, reputable cryptocurrency experts have upheld that the prediction of BTC overtaking […]

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ECB Picks CBDCs Over Bitcoin For Cross-border Payments

Since the advent of digital currencies, various institutions have been exploring their potential. Various institutions, including central banks, have supported using these nascent technologies for payment. This is due to the ease of usage, speed, and financial inclusion it offers even to unbanked citizens. Meanwhile, central banks and other financial institutions are exploring the usage […]

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Binance Recovers Over 80% Of Funds Stolen From Curve Finance 

According to reports, Binance, a famous cryptocurrency exchange, has recovered a large chunk of the assets stolen in the latest Curve Finance breach. About $450,000 have been frozen and reclaimed by the firm. Changpeng Zhao, the CEO of Binance, confirmed the news on his Twitter account. This means that approximately 80% of the plundered funds […]

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