Gluwa, cross-border decentralized finance (DeFi) services provider, has been crowned winner of the Inclusive Fintech 50 competition. The San Francisco-based platform has emerged the best this year from a list of about 400 applicants. Notably, Gluwa utilized its permissionless Creditcoin blockchain to blend DeFi and investment opportunities. In this way, the platform provides a financial ecosystem that…
In a major revelation, popular Shark Tank investor Kevin O’Leary said that he will be doubling his crypto holdings by the end of this year. Currently, O’Leary’s portfolio has 3 percent exposure to cryptocurrencies. The celebrity investor plans to increase this to 7 percent by the year-end. “I want to raise my exposure to crypto…
The US Securities and Exchange Commission (SEC) is facing a historic turning point. Gary Gensler, the controversial head of the authority, has announced his resignation for January 20th – the day Donald Trump moves back into the White House. With this step, the 67-year-old is preempting a possible dismissal, as Trump had already made it…
The state bitcoin adoption in the Principality of Liechtenstein is imminent. Apparently, the head of government in the small country, who is also finance minister at the same time, is emulating a Swiss example. State Bitcoin adoption is imminent The state Bitcoin and crypto adoption of the Principality of Liechtenstein is imminent, as the Handelsblatt recently reported. The driving…
Financial giant Vanguard is increasingly investing in the crypto industry. The second largest wealth manager in the world now holds shares in two crypto miners worth more than half a billion US dollars. Despite the bear market, the investment has already proven to be very successful. This is how much financial giant Vanguard is investing in the…
Investor Peter Schiff, who has been against Bitcoin and all other cryptocurrencies for years, supports gold investments and has not given up on this idea despite all his perseverance, announced that he has launched an NFT collection on the Bitcoin network. While the bitcoin and crypto community welcomed Schiff, the famous investor continued to retort, “I’m…
The decentralized finance (DeFi) sector took the world by storm in 2020 after its value grew by fourteen times. Its presence in the crypto space continues to be felt as its value continues to skyrocket. According to DefiLlama, a ranking and metrics provider for DeFi protocols, the total value locked (TVL) in this sector stands at $208 billion. Ethereum…
Uniswap Labs, the company behind the Ethereum-based decentralized exchange Uniswap, is venturing into Web3 projects with a new venture capital arm. The new division will not only invest in Web3 companies, but also actively participate in their governance systems. Dubbed Uniswap Labs Ventures, the new venture will invest in multiple areas of Web3, including infrastructure,…
The Wharton School, a premier business school at the University of Pennsylvania in the United States, has announced plans to start soon accepting cryptocurrencies as payment for its new series of blockchain classes. In a press release announced on Thursday, October 28, the Wharton School, one of the most prestigious business schools in the U.S., disclosed that it would start…
Bitcoin Pizza Day has been celebrated in the crypto community for 13 years now, as a commemoration of the cryptocurrency’s first commercial exchange. On May 22, 2010, Bitcoin was first used to purchase products in the real world. Coincidentally, the first cryptocurrency product purchased was a pizza! On May 22, 2010, Laszlo Hanyecz paid 10,000 bitcoins to…
Digital assets manager Osprey Funds has announced a launch of the Osprey Polygon Trust, its fifth investment product of the year. Polygon trust product is available to accredited investors for subscription with a $10,000 minimum investment. The company plans to list the fund on the OTCQX over-the-counter market as soon as possible to remove fees on shares…
The Microstrategy stock has become a beacon of high-stakes investing, fueled by the company’s pioneering Bitcoin-focused strategy. Under the leadership of Michael Saylor, Microstrategy has not only embraced cryptocurrency but also redefined its corporate identity, delivering a jaw-dropping 500% stock surge in 2023. This exceptional performance underscores the transformative potential of Bitcoin as a cornerstone…
VeChain (VET) is poised to revolutionize its VeChainThor blockchain with a transformative technical roadmap aptly named VeChain Renaissance. This ambitious initiative is designed to empower stakeholders to navigate emerging regulatory trends, capitalize on technical trends, and ensure robust network growth for users and developers alike. Unveiling the VeChain Renaissance: A Bold Step Forward It’s official—VeChain…
Not only is the market value of cryptocurrencies increasing, so are the associated risks. Investors need to be protected. While most concerns focus on the highly volatile assets, stablecoins such as Tether (USDT), which are pegged to other currencies, have not escaped criticism either. A recent report by the US President’s Working Group on Financial Markets said stablecoins are a huge risk…
The XRP Ledger XRPL is close to launching a financial market protocol as part of its ongoing development of a native lending protocol for the blockchain. This was confirmed by Panos Mekras, co-founder of Anodos Finance. Mekras referred to the presentation by Luc Bocahut, Product Director and Solutions Architect at XRP Ledger Commons. Bocahut’s presentation focused on the history…
The ecosystem of non-fungible tokens, the NFTs, has seen incredible acceptance in recent months as many prominent personalities and institutions have stepped into this area. In 2021, NFTs were reportedly worth over $ 20 billion. The CEO of O’Shares Investment Advisers, Kevin O’Leary, was very optimistic about NFTs in a recent interview and predicted that the…
The Lightning Network is a Layer -2 solution for Bitcoin. As such, it should above all have significantly better scalability than the mainnet , but the P2P network is also a blessing for user privacy. Do new features jeopardize its confidentiality or do they even promote it? Node client Thunderhub brings transparency to Lightning The company responsible is called Amboss Inc. and opened its doors…
Blockchain technology has become a transformative force, driving innovation in finance, data security, and digital transactions worldwide. But understanding blockchain, especially from the ground up, can feel daunting. Here’s a straightforward guide aimed at demystifying the topic, presenting a blockchain definition simple enough for beginners yet robust enough to appreciate its potential. What is Blockchain?…
A Cardano developer reveals the future plans of the third largest DeFi blockchain. The creation of Layer 2 solutions on ADA should become easier in the future. The idea follows a current trend in the project to increasingly hold the user community accountable. Buy Cardano now Developer reveals future plans for the blockchain A Cardano developer reveals…
As we move into 2025, venture capital is set to experience another year of growth and innovation. With a strong focus on technological advancements, emerging markets, and innovative financial tools, this sector is poised to play a significant role in shaping global economic trends. In particular, venture capital in the cryptocurrency industry is catching the…
Fraud allegations against Solana are loud. A crypto analyst takes a sweeping attack against the highly scalable blockchain . Above all, he thinks SOL is a project full of lies and deception. What is his criticism about? Justin Bons alleges cheating against Solana The criticism comes from crypto analyst Justin Bons . According to his own statement, Bons founded the first European crypto…
JPMorgan Chase, the largest bank in the US, has presented a cautionary statement concerning altcoin trading performance, stating that alternative cryptocurrencies are currently surging beyond their genuine value. Based on its recent analysis, the investment bank disclosed that retail investors have been purchasing stocks at higher rates over the summer, thus helping push markets to surge their…
Ripple Labs, Inc., a U.S. technology company behind XRP cryptocurrency, has announced that it is launching a new product that allows financial firms to provide their customers with the ability to purchase and sell cryptocurrencies. The San Francisco-based firm stated on Tuesday, November 9, that a new product called Liquidity Hub, will give business customers access to cryptocurrencies…
In the realm of technological innovation and financial evolution, the concept of Decentralized finance, or DeFi, is a rapidly emerging centerpiece. Representing a paradigm shift in the way the world understands and interacts with finance, DeFi leverages blockchain technology to shift reliance from traditional financial intermediaries like banks, brokerages, and exchanges to a more democratized,…
Bruce Fenton, candidate for the US Senate for the state of New Hampshire, believes that Bitcoiners are in the best position to build a new world of freedom. Fenton is running for the Senate to push this legislation forward. Bruce Fenton, New Hampshire’s nominee for the US Senate, sees the best way to change the…
The US state of Texas, one of the most developed regions in the field of cryptocurrencies, especially in mining, has passed a new law. The law, which requires crypto businesses in the state to provide proof of reserves, will also ensure customer funds are segregated. Texas State Pushes Crypto Regulation The Texas Blockchain Council announced that…
The year 2023 began with an icy wind for Crypto Investments, blowing from the harsh effects of the previous bear market. As the world’s venture capital groups, also known as VC, cautiously planned their moves, it became clear that the glory days of 2022, which peaked the year before, were long gone. Crypto Investments Declined in…
Binance reaches settlement with SEC. Binance.US assets will not be frozen. Nevertheless, the damage to the marketplace is already enormous. The company believes that this did not happen by accident. The lawsuit of the US authority has not yet been dismissed. The company reaches settlement with SEC The crypto exchange reaches an agreement with the US Securities and Exchange Commission. The…
The US Securities and Exchange Commission is again bringing charges against Kraken. The US crypto exchange only settled a costly legal dispute with the authorities in the spring. The new allegations use a well-known scheme. Why is the SEC bringing charges against Kraken? The US Securities and Exchange Commission is filing charges against crypto exchange Kraken, according…
On Jan. 27, Mastercard announced its fourth-quarter 2021 results. During the earnings conference call, CEO Michael Mieback said a focus for the company will be improving the scalability of the Ethereum network. “We want to help increase the scalability of Ethereum through our ConsenSys partnership,” Mieback said. Last year, Mastercard partnered with blockchain company ConsenSys to introduce…
This week, the European Parliament (EU) has made significant strides in the field of digital wallets and smart contracts. These developments are important not only for the overall digitalization of the European Union, but also for the field of cryptocurrencies. Of the 545 members present, 418 voted in favor of the digital identity proposal, 103…
The Avalanche Cortina Upgrade has been live since yesterday. The AVAX blockchain thus provides improved technical possibilities. By increasing simplicity for independent developers one wants to conquer the DeFi sector. The project is already well positioned in this area. Avalanche Cortina Upgrade is Live: What to Expect Now? The Avalanche Cortina Upgrade has been live since yesterday. The currently…
In the era of digitization, we find ourselves standing at the doorstep of the next breakthrough technology – the Metaverse. This new frontier represents an immersive digital universe where human interaction converges with augmented and virtual realities, creating a space that defies the boundaries of physical existence and transcends into the virtual world. Being more…
Cardano founder Charles Hoskinson has submitted a status report on the Cardano blockchain. He also explained in detail the new Cardano -based fundraising method using Initial Stake Pool Offering (ISPO). On a November 30 broadcast on Twitter, he denied the recent criticism that the network has been inactive. Cardano has seen a high level of developer activity,…
Cryptocurrency-driven Charity organisation Elongate announced Friday to donate $25,000 to Malala Fund as a seed funding. Elongate released a statement, saying the donation will be the first-round seed of donations to the fund. Elongate is a cryptocurrency token on the Binance Smart Chain. About 10% of transaction fee rewards holders donate significant sums to charity to promote…
India Passes Controversial Crypto Law Imposing 30% Transaction Tax. In addition, traders have to pay a withholding tax of one percent. India is implementing its proposed tough cryptocurrency tax laws despite outcry from the crypto community. India’s Parliament voted in favor of a bill that would impose a 30 percent tax on crypto transactions with no…
The crypto course is intended for children and young people between the ages of five and 17. Jack Dorsey explained that the program has already been successful in Africa and South America and is now being brought to the USA. Twitter founder Jack Dorsey and rapper Jay-Z launched a crypto academy themed “knowledge is power”…
The Solana network is again affected by network instability with subsequent outage – the second this year and the fourth in six months. The most recent incident occurred on April 21/22. January and lasted 30 hours. There have been many failed deposit and withdrawal attempts and the volatility of price data has resulted in unlawful liquidations. The grid failure is…
The week started with some negative notes for the Cryptocurrencies markets, with Bitcoin (BTC) reversing its massive gains early last week and approaching the bear market territory. The total market cap of the cryptocurrency market is now at $2.08 trillion, with bitcoin having a 41.46% dominance on the market in roundup examines some of the…
With FTX, the next big crypto exchange wants to enter the stablecoin business. Some competitors already provide such an offer. According to founder and managing director Sam Bankman-Fried, they are currently only in the process of finding a suitable partner. Stablecoin only a matter of time Forefather Tether (USDT) and main competitor USD Coin (USDC) are the two largest…
On Tuesday, October 12, most cryptocurrencies have weakened their prices as most are trading lower. Apart from Bitcoin, all other nine top cryptocurrencies are lower as of the time of writing at 09:00 Eastern Time. According to CoinMarketCap, Bitcoin is marginally up 1.77% currently trading at $57,546.41. The flagship cryptocurrency has surged its price to this level for the…
Goldman Sachs is the first major US bank to offer Bitcoin-collateralized cash loans. The financial service provider has already introduced several crypto services in 2022, thereby demonstrating its confidence in the new industry. On April 28, Goldman Sachs announced the launch of its first Bitcoin-collateralized lending offering. This is a significant move by a major US…
In a recent interview with the Times of India, JPMorgan Chief Executive Officer, Jamie Dimon, admitted that he does not care about Bitcoin in direct response to whether the digital currency should be banned or regulated. Dimon noted that he could not seem to place why there is so much fuss around the premier digital currency, adding…
FIT21 is successful in the lower house of the US parliament. Optimists hope that the legal situation surrounding cryptocurrencies in the USA will soon improve significantly. It could be months before the regulation is finally passed. Actual success is not yet certain either. FIT21: How the crypto law could improve the situation in the USA…
Altcoins, or alternative cryptocurrencies to Bitcoin, are making headlines daily with their innovation and volatility. Staying informed about altcoin news is essential for investors, traders, and enthusiasts to navigate the crypto market effectively. In this article, we delve into the latest developments, trends, and expert insights in the altcoin world. What Are Altcoins? Altcoins refer…
Decentralised Non-Fungible Token (NFT) marketplace, OpenSea is on the lookout for new engineers as it looks to relieve its current staffers from the overwhelming tasks of managing the marketplace’s trading volume. As revealed by Nate Chastain, the Head of Product at OpenSea, only about 37 people are handling over 98% of all trading volumes on the platform….
Terra founder Do Kwon is poised to become the second-largest Bitcoin holder after Satoshi Nakamoto as his Bitcoin accumulation activity accelerates. Kwon is not concerned about a Bitcoin price drop that would adversely affect the UST price, rather he expects Bitcoin to continue to rise. Do Kwon was one of the most influential figures in…
Almost a month and a half after Dominica made cryptocurrencies legal tender, the small island nation is now releasing its own DMC token . In addition, a separate blockchain ID is used. Dominica releases first state token DMC In October, several tokens on the Tron blockchain on Dominica will receive official national currency status . In addition, state representatives announced that they would expand their…
Cryptocurrency represents a revolutionary form of digital currency that utilizes cryptography for secure financial transactions. Unlike traditional currencies, it operates on decentralized networks based on blockchain technology. A blockchain is essentially a distributed ledger that records all transactions across a network of computers, ensuring transparency and security without requiring a central authority. This decentralized…
The Swiss PostFinance will soon be selling its customers Bitcoin and Altcoin. The fact that the country’s fifth-largest bank is now entering the young industry should be a good sign for the crypto market. The company wants to meet the demands of its own users in this way. PostFinance is a subsidiary of Swiss Post and…