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...
Tag: crypto price
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...
Former OpenSea Employee Officially Charged for NFT Insider Trading
The United States Department of Justice (DOJ) has charged Nathaniel Chastain, a former employee at NFT marketplace OpenSea, for wire fraud and money laundering involving insider trading in non-fungibl...
Move-to-Earn App Upgrades Cheat System to Stop Bad Actors
Solana-based move-to-earn project STEPN has released an artificial intelligence (AI) anti-cheating system to prevent bad actors from exploiting its platform. STEPN Launches Anti-Cheating System In a ...
Crypto-Mining Malware Steals $1.7 Million From Transaction Hijacking
Analysts from the Broadcom-owned cybersecurity company Symantec have identified a new cryptocurrency mining malware called Clipminer that stole nearly $2 million by hijacking crypto transactions, Blee...
White House Working on Policy to Lower Bitcoin Energy Use
The White House is working on policy recommendations to control Bitcoin energy consumption and carbon footprints in the United States, Bloomberg Law reported Thursday. The move comes after a series of...
Cardano Hits $42.5M in Monthly Transactions, On-Chain Analysis Reveals
Despite the bearish trends in the crypto market, transactions on Cardano went up by 7.74% in May, reaching a total of $42.5 million, a recent on-chain analysis revealed. Cardano On-chain Activities U...
‘Hurricane Is Coming Our Way’—JPMorgan Issues Stark Prediction As Price Of Bitcoin, Ethereum, BNB, XRP, Terra’s Luna, Solana, Cardano, Dogecoin Go Into Free Fall
After a faint glimmer of hope, the crypto market turns red again. The price of bitcoin sank 5.5% in the past 24 hours. Ether ETH eum’s price is down 5.8%, XRP XRP 4.7%, cardano 5.1%, dogecoin 7.6%, BN...
Blockchain Firm InfStones Nears Unicorn Status After Raising $66 Million
Blockchain infrastructure provider InfStones announced on Wednesday it has raised $66 million in a just-concluded funding round led by SoftBank Vision Fund 2 and GGV Capital. Other investors in the mo...
Binance Labs Launches $500M Fund Focused on Web3 Opportunities
Binance Labs, the investment arm of the leading global cryptocurrency exchange Binance, announced Wednesday that it has launched a $500 million fund to bolster web3 and blockchain ecosystems. The $50...
Is Solana Down? Network Suffers Fresh Downtime Amid Market Decline
The Solana mainnet has suffered a major outage in the hours leading up to press time. The outage was attributed to a bug that caused Solana node operators to start “generating different results for th...
KuCoin Exchange Announces KuCoin Wallet as a Holistic Web-3.0 Access Instrument
KuCoin – a leading global cryptocurrency exchange platform, launched its latest product – KuCoin Wallet. The decentralized digital asset storage application will be launched in late June, with its off...
Crypto Deals Boost NBA Sponsorship Revenue to $1.6B for 2021/2022 Season
Crypto deals helped the National Basketball Association (NBA) to reach an all-time high revenue of $1.6 billion in sponsorships for the 2021/2022 season, CNBC reported Wednesday. NBA Revenue Hits ATH ...
South Korea Plans to Establish Crypto Regulatory Policies to Prevent Another Terra-like Crash
A week after South Korea’s Financial Services Commission (FSC) called for a global alliance to work together to scrutinize cryptocurrencies, the country said it plans to set up regulatory policies for...