Rakbank, a bank in the United Arab Emirates with $14 billion in assets for their half a million customers, is facilitating the world’s first crypto trading in UAE’s local currency of dirhams. Rakbank ...
Tag: Trustnodes
Gas Heads to $9 Again – Trustnodes
The price of gas is once again rising, increasing from $5.50 in early July to near the decade high of $9.30 set last month. After some sideways at $6, gas spiked, reaching $8.77 after Russia’s decisio...
Defi Yield Plunges – Trustnodes
There was a time when you could lend your USDc at 10%, and people would actually borrow it at the very peak on October 31st 2021. Now however on the same platform, Compound, you can barely get 0.5% fo...
Vitalik Puts Pruning on Ethereum’s Roadmap – Trustnodes
The removal of long term history through EIP-4444 is coming to ethereum according to a speech at EthCC by ethereum’s co-founder Vitalik Buterin. “If we want scalability and if you want decentralizatio...
Bitcoin Crosses $24,000, ETH Takes $1,600 – Trustnodes
Bitcoin has risen above $24,000 for the first time in a month, up another 5% today with it potentially headed for the $30,000 resistance. That’s while Nasdaq sees another day of green, up 1.7% with it...
zkSync Prepares to Go Live – Trustnodes
A second layer ethereum virtual machine (EVM), zkSync, has announced they are to launch in 100 days. “zkSync 2.0 – the first zkEVM rollup – will be live on mainnet in 100 days,” the project publicly s...
Galaxy Buys $75 Million ETH – Trustnodes
The Galaxy Institutional Ethereum Fund has bought $75.6 million eth according to a filing with the Securities and Exchanges Commission. The purchase was on behalf of 21 investors, each with a minimum ...
We Won’t Print Says Li Keqiang – Trustnodes
China’s Premier Li Keqiang has told a gathering of entrepreneurs in Beijing, organized by the World Economic Forum, that China won’t overprint. “We will not introduce super-large stimulus measures, ov...
Cryptos Rise Above $1 Trillion – Trustnodes
The market cap of all cryptocurrencies has once again risen above $1 trillion for the first time in a month. Following a low of $855 billion, cryptos have now risen to $1,032 billion, still significan...
Robinhood Moves 15,000 Bitcoin – Trustnodes
The stock and crypto investing app Robinhood has taken top 4 position in bitcoin holdings with 117,000 BTC, worth $2.6 billion. They suddenly moved about 15,000 of it to a mislabeled Coinbase wallet, ...
Three Arrows Capital No Longer Has Any Bitcoin or ETH – Trustnodes
The defunct crypto hedge fund Three Arrows Capital (3AC) no longer has any ethereum or bitcoin according to a report from the latest liquidation meeting. “The 3AC assets comprise bank account balances...
The Dawn of the Flippening – Trustnodes
The dolphins are out for the first time in five years to enjoy this great summer sun after beating the sharks in eth. An eth that, for the first time in five years can finally reasonably argue a flipp...
The Upgrade of Trust – Trustnodes
Game designer Mark Venturelli has come up with a somewhat interesting, on the surface, critique of crypto and the blockchain. Speaking at Brazil’s International Games Festival, Venturelli argued that ...
Bitcoin Touches $21,000 – Trustnodes
Bitcoin is edging towards $21,000 on a green day for stocks as Nasdaq gains 1.2% while Dow is up close to 2%. Oil is a bit up as well, 10%, from $91 on Thursday to $99 currently on some rhetorical pol...
Ethereum to Now Merge in September – Trustnodes
Ethereum is set to upgrade to full Proof of Stake (PoS) in mid-September according to a timeline given during the developers’ public meeting. Tim Beiko, the call coordinator, proposed the final testne...
Mortgage Default Movement Sparks in China – Trustnodes
A movement has began in China to default on mortgage payments on pre-bought properties that remain unfinished by property developers. The “stop mortgage repayment” movement has spread to 274 projects ...
Celsius Claims to be Mostly Solvent – Trustnodes
Celsius, the centralized crypto asset investment management platform, claims to have $4.3 billion out of the $5.5 billion owed to creditors. Alex Mashinsky, the Chief Executive Officer of the Celsius ...
Bitcoin Steady While Stocks Fall – Trustnodes
Bitcoin is holding to gains with it up in the past 24 hours by 2.6% while stocks fall some more as Nasdaq drops 1.7%. Both Dow and S&P fell by even more on opening, down circa 2%, ostensibly on di...
StarkWare to Launch Token – Trustnodes
StarkWare, one of the most prominent zk-tech based second layer on eth, has announced plans to launch a token. “A permissionless proof-of-stake leader election mechanism and on-chain payment of transa...
Peter Todd Proposes Turning Bitcoin Into Dogecoin – Trustnodes
The joke currency is apparently not a joke at all according to Peter Todd, a bitcoin developer, who has suggested that bitcoin should follow the Dogecoin approach of endless inflation with no more hal...
Inflation Crosses 9% – Trustnodes
Inflation rose last month to 9.1% according to the just released data by the Bureau for Labour Statistics. “The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.3 percent in June on a ...
The Summer of Love – Trustnodes
Elon Musk has not tweeted for about a week despite much going on as corporate media likes to remind us. He is presumably on holiday, some beach somewhere, maybe even mingling among commoners as many m...
NFT-ing Academic Papers, Can it Work? – Trustnodes
Bill Gates spent $30.8 million in 1994 on the original of Leonardo da Vinci’s “Codex Leicester,” something easily available for free online or as a copy. Yet the original book is worth millions just b...
Gas Falling Below $6 – Trustnodes
Gas is down about 3% with it falling to $6.02 at some point as it drops more than 30% from $9 earlier this month. Oil is faring a bit better, down just 0.08% and still above $100, even as G7 discusses...
Ethereum Finally Closes Green – Trustnodes
Ethereum has finally closed the week in green for the first time in 12 weeks, or about three months. The monthly is still red however for the third month running, but the streak of endless weekly red ...
Lido Votes Against Limiting Staking – Trustnodes
99.76% of Lido tokens that have currently voted, are against a self-limit on the amount that can stake on Lido, a liquid tokenized staking protocol. That translates to 63 million tokens voting against...
Defi Dapps DNS Attacked – Trustnodes
A number of defi dapps, most prominently Convex Finance, had their domain name hijacked. ConvexFinance, Ribbon Finance, DeFiSaver and Allbridge were all affected with users approving malicious contrac...
Eminem Apes – Trustnodes
Eminem and Snoop Dogg have gone full ape in their newest rap video From The D 2 The LBC. The album debuted at the Ape Fest 2022 with the two showing off the music video onstage. Visually the video tra...
Cristiano Ronaldo Binances – Trustnodes
Legendary footballer Cristiano Ronaldo has partnered with one of the world’s biggest crypto exchange, Binance, on NFTs. Binance will launch a global campaign to give Ronaldo’s fans an introduction to ...
Bitcoin Rises on Futures Expiry – Trustnodes
It’s the last Friday of the month, with bitcoin futures on Wall Street’s CME about to expire for June. Ending one of the most volatile month for bitcoin when the equivalent of 140,000 BTC exchanged ha...
Bitcoin Investors Slowly Return – Trustnodes
About $35 million worth of bitcoin was bought recently by hedge funds and other investment funds according to filings with the Securities and Exchanges Commission (SEC). A small amount, but it has bee...