The Nigerian Exchange (NGX) Ltd. is planning to launch a blockchain-enabled exchange platform in 2023. Per a report by Bloomberg on Friday, NGX said it aims to use the platform in settling capital mar...
Tag: altcoin news
Bitcoin Lightning Network Capacity Surpasses 4,000 BTC
The Bitcoin lightning network capacity hit a new milestone this week, with over 4000 bitcoins (worth approximately $116 million at current prices) locked in channels. The latest milestone comes off th...
It Is a “Very Risky” Option for Retirement Savers
Janet Yellen, the secretary of the U.S. Treasury, said at an event on Thursday that cryptocurrencies are a “very risky” option for people who are saving for their retirement. “It’s not something that ...
Five (5) Ways to Reduce Risk to Near Zero!
Seasoned traders know that no one prevails in cryptocurrency trading 100% of the time. Crypto assets are considered high-risk investments since they are incredibly volatile. Delving into crypto tradin...
Mastercard to Unlock Easy Access to NFT Marketplaces
Mastercard revealed in a Thursday announcement that it has secured multiple partnerships with crypto asset providers to enable easier buying and selling of non-fungible tokens (NFTs). The global payme...
Why Bitcoin? Gold Shipment Ordered Since 2015 Yet to Arrive
A monetary gold transfer from London to Switzerland, which took place in 2015 has failed to complete to date. According to a report by ZeroHedge, the transaction was scheduled to be completed within f...
What Happens When All Bitcoins Are Mined?
The cryptocurrency, Bitcoin, has a limited supply of 21 million units. What happens when all bitcoins are mined is that miners will only be rewarded in the form of transaction fees paid by users. The...
Solana-based DEX Lifinity Surpasses $1B in Trading Volume
Solana-based decentralized exchange (DEX) Lifinity announced this week that it has surpassed one billion ($1 billion) in cumulative trading volume. The milestone achievement comes one month after the ...
BlockFi Plans to Raise $100M at a Lower $1B Valuation
Crypto lending platform BlockFi is planning to raise new funding at a depressed $1 billion valuation, Bloomberg reported Wednesday, citing people with knowledge of the matter. Recall that in March 202...
VeChain Signs $100M Multi-Year Sponsorship Deal With UFC
Blockchain firm VeChain announced today it has signed a multi-year sponsorship deal with The Ultimate Fighting Championship (UFC). This marks VeChain’s first foray into the sport, following a similar ...
DeFi Project ChangeX Lands Advisory Board From Major Industry Giants, ICO Oversubscribed by 180%
Hybrid Banking/DeFi project ChangeX is proud to announce the onboarding of a new advisory board with experts from SoftBank, Merrill Lynch, and Citibank fame. The move reflects ChangeX’s efforts to str...
Optimism Confirms $16M Fumble With Liquidity Provision
Optimism, a layer-2 scaling solution built on the Ethereum network, on Wednesday shared details about an exploit that resulted in the loss of 20 million OP tokens worth an estimated $16 million. The O...
Solana Rolls Out $100M Investment Fund for South Korean Web3 Startups
Solana Ventures and the Solana Foundation have launched a $100 million investment and grant fund to bolster the growth of South Korean web3 startups building on the Solana ecosystem, a report revealed...
Checkout.com Partners With Fireblocks to Enable USDC Payments
Global payments company Checkout.com announced Tuesday the launch of its weekend stablecoin settlement solution to enable businesses to make and receive payments in cryptocurrency, particularly USDC s...
U.S. Senate Passes Legislation to Treat Cryptocurrencies as Commodities
The long-anticipated United States Senate cryptocurrency bill that would properly classify crypto assets has finally been passed, The Washington Post reported Tuesday. The bill, introduced by Senators...
Dip Buyers! Institutional Bitcoin Inflows Hit $120M as Price Trailed Below $30k
With the current downtrend in the crypto market, investors have taken advantage to position themselves towards a potential uptrend in the price of assets, especially in Bitcoin. A Coinshares report on...
Portuguese Football Club Benfica Partners Socios to Launch Fan Token
Portuguese football club SL Benfica announced today it has partnered with crypto fan engagement firm Socios.com to launch fan tokens. The move makes it the first football club in the country to launch...
One Year On! El Salvador Marks Bitcoin Legal Tender Anniversary
Today makes it a year since El Salvador publicly revealed plans to adopt bitcoin as legal tender. On June 06, 2021, the president of El Salvador, Nayib Bukele, announced that a Bitcoin bill would be s...
Binance Reportedly Under Investigation by U.S. SEC Over BNB Token Sale
The United States Securities and Exchange Commission (SEC) is reportedly investigating leading cryptocurrency exchange company Binance over unregistered token sales. Per a Monday Bloomberg report, th...
Binance Refutes Reuters Claims That It Helped Criminals Laundered $2.3 Billion
Leading cryptocurrency exchange Binance has responded to an investigative report published by Reuters that claimed the trading platform helped bad actors to launder over $2 billion worth of digital as...
Ethiopia’s Central Banks Says Cryptocurrency Payments Are Illegal
The National Bank of Ethiopia (NBE) has revealed that it never gave authorization for cryptocurrencies to be used in the country as payment methods, local media reported Monday. Crypto Payments Illega...
A Whole New DeFi World Unveils
NXD projects have products that possess amazing use cases for users to explore, such as the Nexus Dubai Token, UAE Merchant Network, Nexidius, and Electrum. NXD’s purpose in writing this press release...
Binance Labs Invests Undisclosed Amount in PancakeSwap (CAKE)
Binance Labs, the investment and incubation arm of leading crypto exchange Binance, announced Monday that it has made a strategic investment in leading BNB Chain-based decentralized exchange PancakeSw...
Survey Shows Investors Are Becoming More Open to Crypto Assets
A new survey by the Economist Impact dubbed “Digimentality 2022—Fear and favouring of digital currency” revealed that investors are becoming more open to cryptocurrencies for investment and payment pu...
Chainlink Launches Seven Price Feeds on Solana
Leading blockchain oracle platform Chainlink has launched its price feed on Solana to support developers building decentralized finance (DeFi) applications on the network. Solana Builders to Access C...
Fidelity’s Macro Chief Modifies S2F, Predicts $140k Bitcoin Price by 2025
Jurrien Timmer, director of global macro at asset management firm Fidelity Investments, recently shared a modified version of the Bitcoin Stock-to-flow (S2F) model dubbed the S-Curve Model. Using the ...
BTC Could see More Price Decrease as Capital Inflow Increases
Bitcoin prices over the last seven days have been random, defying previous trading patterns. This has resulted in uncertainty trailing the coin. However, new evidence points to the coin experiencing m...
Crypto-Friendly 401(K) Provider Sues U.S. Labor Department for Customer Rights Infringement
San Francisco-based crypto-friendly retirement plan provider ForUsAll Inc. has filed a lawsuit against the United States Department of Labor (DOL) seeking to invalidate the department’s guidance on cr...
What Are Soulbound Tokens (SBTs)? The Next Big Thing in Crypto?
Soulbound tokens (SBTs) are blockchain-based tokens that are non-transferable and can be publicly visible. Such tokens can represent credentials such as your educational certificate, birth certificate...
Japan Defines Stablecoins as Digital Money in New Bill
Japan is a step closer to regulating stablecoins as the country passes a new bill defining the status of such assets, Bloomberg reported Friday. This comes shortly after the recent TerraUSD (UST) cras...