Ethereum 2.0: staked Ether (ETH) near $6 million
Ethereum 2.0 deposit contract has been launched. In less than 24 hours of launch, the network gained nearly $6 million worth of Ether staked. The Ethereum community seems ever ready for the launching of the long-awaited Serenity upgrade or Ethereum 2.0. On Wednesday, Ethereum devs announced the deployment of the deposit contract for the Eth2. […]
Multigaming platform, Natus Vincere is launching a fan token on Socios
Natus Vincere prepares to launch a blockchain fan token on Socios. The NAVI token will be used for voting, among other things. Cryptocurrency is going mainstream as more athletes, organizations, and sporting communities continue to embrace it to engage with supporters in the form of “fan token.” Today, a multi-gaming platform, Natus Vincere, disclosed its […]
Belfast authorities prepare to auction 47 Bitcoin and Gold
The Belfast government is planning to auction about 47 Bitcoins and other luxury items online. They were seized by law enforcement officers across the United Kingdom. Authorities in Belfast, the capital city of Northern Ireland (a part of the United Kingdom), is preparing to auction a whole of luxurious items, including cryptocurrencies, according to a […]
Digital yuan: China processed over $299M so far using CBDC in pilot
PBOC governor has confirmed that the ongoing tests for the digital yuan have been running smoothly. So far, more than for million transaction have been conducted using the digital currency in pilot mode. The Chinese long-planned central bank digital currency (CBDC) has been under pilot mode for a long time. The digital yuan is precisely […]
Digital euro: ECB tests public opinion with new digital currency survey
European Central Bank (ECB) head announces public survey into ‘digital euro’. ECB President Christine Lagarde announced a public survey on a proposed ‘digital euro’. Survey comes after a report evaluating the merits of a ‘digital euro’. China has already launched its own ‘digital yuan’. ECB President Christine Lagarde announced a public survey on a proposed […]
Ethereum farm compromises airport security
Illegal Ethereum farm caused airport disruption one person arrested, more suspected Airports, airlines, and their staff have been hit incredibly hard by the COVID-19 pandemic. The outbreak has seen passenger traffic drop by 80%+ and cost airports millions of dollars in lost revenue. Under those conditions, it’s not surprising that at least one airport employee […]
Huobi exchange enables direct card payment for Visa and Mastercard
Huobi exchange now allows direct purchase with Visa and Mastercard. The exchange is posed to enable a streamline on-boarding process for users. As the cryptocurrency industry advances, exchanges continue to accelerate adoption by exploring and enabling quick and convenient ways for the public to buy cryptocurrencies. Today, Huobi exchange walked through this path and will […]
Digital Yuan won’t compete with AliPay and WeChat, PBOC official clarifies
Digital yuan will be compatible with AliPay and WeChat, but not as a competitor. However, the digital currency won’t be distributed via private mobile payment platforms. As the Republic continues to trial and updates necessary factors to ensure the feasibility of the digital yuan, the central bank official recently clarified that the digital currency’s relationship […]
KSK Honda Coin: Japanese football player launches his fan crypto
Japanese pro footballer, Keisuke Honda, launched crypto dubbed KSK Honda Coin. The token is aimed at boosting engagement with his fans. Digital currencies are one other way for celebrities and athletes to strengthen engagement with their audience and supporters. Many popular football clubs have already launched launch, with the recent being Barcelona. A few days […]
Hex Trust partners with payments firm as a gateway to Europe
Hex Trust enters partnership with multibillion-dollar European payments company SIA The partnership will enable a gateway to Europe for digital custody solutions Hex Trust, a key provider of custody for digital assets in the banking sector, is partnering with the Milan-based payments company, SIA group. Hex hopes the partnership will provide an opportunity to help […]
PayPal sets to allow buying and selling of cryptocurrencies
PayPal is set to allow the buying and selling of cryptocurrencies on its platform. The development is hoped to spur more adoption for crypto, following the number of users on the platform. Besides Bitcoin (BTC) reaching $12,000, the digital currency industry sees yet another bullish development as the leading digital payment company, PayPal, is joining […]
Crypto hackers donate $20K worth of Bitcoin to Charity organizations
Crypto hackers sent a total of $20,000 to charity organizations. The non-profits rejected the donations since it was made by hackers. A recent report from BBC has informed that some darkside crypto hackers have donated about $10,000 worth of cryptocurrencies, precisely Bitcoin (BTC), to two different charity organizations. This particular act has left many cybersecurity […]
Dharma’s Uniswap proposal flops as voting threshold wasn’t reached
Uniswap’s first governance exercises to reduce the threshold has failed. The total votes didn’t reach the 40 million threshold required to pass a change into effect. In the past week, the community members of the leading decentralized exchange (DEX). Uniswap entered the first-ever governance voting exercise for a change in the protocol’s governance thresholds for […]
Crypto crime: DOJ charges six men for money laundering in crypto and casino
Six persons charged for laundering funds for drug dealers in Mexico. They mostly used cryptocurrency, and casino to get away with the illegal act. The United States Department of Justice has unsealed indictments against a group of people who were alleged laundering funds for drug cartels in Mexico. The document reads that persons laundered these […]
Isle of Man publishes guidance for regulating cryptos considered as securities
Isle of Man regulator doesn’t recognize Bitcoin and Ether as securities. Tokens with securities property will be regulated by the financial watchdog. The financial regulator of the self-governing British Crown dependency, Isle of Man, has informed today that it will regulate the two largest cryptocurrencies – Bitcoin (BTC) and Ether (ETH) – differently from other […]
Ripple: World’s Sonic pro player bags XRP contract
Pro Sonic player, KEN, signs a new contract with SBI e-sports. Part of the contract agreement holds that he will be paid in Ripple (XRP). It’s interesting to note that many professionals are now getting paid for their services in digital currencies. The latest professional to join the train of crypto-backed sponsorship today is Kengo […]
Uniswap: Fear mounts as the largest DEX undergoes first governance voting
The largest DEX, Uniswap governance community, undergoes first voting. The proposal aims at reducing the protocol’s governance thresholds. DeFI’s largest protocol, Uniswap, a decentralized exchange (DEX), is currently holding its first-ever governance vote. If passed, the proposal will key-in the reduction of the number of tokens needed for governance and quorum. However, many community members […]
Digital euro seeks acceptance in Spain
The Digital Euro is considered an additional currency, as pointed out by the European Central Bank. On October 12, there was public consultation to analyze this digital currency. Due to the pandemic caused by COVID-19, the team responsible for this coin’s development has increased the pace, awaiting the consultation results. The Central Bank of Europe […]
Aave protocol raises $25M from major crypto companies
Aave protocol has raised $25 million from three prominent crypto VC firms. The capital will be used to expand Aave’s team and attract institutions to DeFi. The decentralized finance (DeFi) market is notably another big story in the cryptocurrency industry this year. In addition to several project launches, the DeFi market has grown to a […]
New Whiskey distillery plans to raise funds through cryptocurrency
New Whiskey distillation company plans to raise funds via cryptocurrency. It expects to begin full operation in the next three years. Besides being used to facilitate payment digitally, cryptocurrencies can also be used by new and existing companies as an option for raising funds from public investors. Similarly, a new Whiskey distillation company, Faer Isles, […]
Ripple debuts an XRP-backed lending service for its ODL customers
Ripple has launched a new lending service based on XRP. The company intends to finance its ODL-customer businesses to boost their operations. The blockchain payment company behind the XRP cryptocurrency has ventured into the lending business with a new initiative dubbed Line of Credit. Based on its native cryptocurrency, the latest move from the blockchain […]
RSK integrates DAI stablecoin to boost Bitcoin DeFi and dapps services
In what could be termed a big success for DeFi enthusiasts, DAI Stablecoin can now be accessed using the Bitcoin backed smart contracts RSK platform. This announcement came from the RSK infrastructural framework (RIF) team, which made it known that they had to rely on the RSK-Ethereum token bridge that got into use this year […]
Riot Blockchain plans to deploy 22,640 miners next year
Riot Blockchain buys 2,500 Bitmain miners for deployment in December. The company target a total hashrate of 2 EH by next year The Bitcoin-focused cryptocurrency mining company, Riot Blockchain, has disclosed its plans to install a total of 22,640 Bitcoin mining machines towards the end of H1 2020. Committing to this, Riot recently placed an […]
Decentralized electric car charging network: Honda and GM unveils standards
Mobility Open Blockchain Initiative, MOBI, initiative chaired by Honda and General Motors yesterday announced how decentralized electric car charging network can be integrated into a blockchain network. In a statement released to pressmen yesterday, MOBI made it known that it had designed a basic requirement system that lays the groundwork for decentralized electric car charging […]
Lemonway partners with RippleNet for faster Euro-to-Euro payouts
French Europe’s leading payment institution, Lemonway, was announced to have joined RippleNet by its parent company, Ripple, on 6 October 2020. The new burgeoning partnership, which seeks to make transactions across European borders faster, secured, and more transparent, would see Lemonway try to use the strong Ripple’s blockchain network for its current euro-to-euro payments, which […]
Access to DeFi Oracles: Radix integrates Chainlink
DeFi oracles would become easily available to Radix developers as Radix yesterday declared that it would be integrating the popular Chainlink system into its works. The pioneer layer-1 built for the basis of a decentralized monetary network, Radix, made this decision so that its developers would easily benefit from the wide range of access it […]
South Korea plans to test-run CBDC issuance and circulation next year
The central bank of Korea (BOK) is moving to the next preparatory stage for a potential digital WON, a central bank-issued digital currency (CBDC). Recently, the central bank began reviewing the legal and technical feasibility of issuing national digital currency, just in case the need arises. However, the bank now plans to debut a pilot […]
Crypto payments now supported on first Blockchain golf game
Blocklete Games, the Blockchain gaming division of Turner Sports, has entered a new partnership today to debut crypto payments for its games. Starting with its flagship game, Blocklete Golf, the players will now be able to purchase and pay for certain features via cryptocurrencies. The crypto payments were enabled by BitPay, the leading digital currency […]
Ripple rebrands Xpring to RippleX as it reappoints key leaders
Ripple, the blockchain payment company behind the third-largest digital currency XRP, has made key changes to the management team of Xpring. Xpring is a platform affiliated to Ripple, which specializes in the development of core technologies that makes it easier for developers to integrate payment functions on their application. The information today also revealed that […]
Bitkub partners with top Thai YouTubers to boost popularity of cryptos
Bangkok-based digital currency exchange, Bitkub, has reached a partnership with the top five YouTubers in Thailand to boost the awareness and popularity of cryptocurrencies in the country. The YouTube influencers will be offering digital tokens to the subscribers or fans, which can be traded in the non-fungible token marketplace. Bitkub introduces fan token ($FAN) According […]
Twitter CEO holds only BTC, not ETH
Twitter CEO, Jack Dorsey has announced that he doesn’t hold Ethereum and has never held the coin as he has only been a fan of only leading digital asset, Bitcoin. While giving a reply to Udi Wertheimer’s question on what digital assets he holds in his wallet, the Twitter CEO mentioned that he only holds […]
Bitcoin bull, Michael Novogratz reveals why he got into crypto
One of the prominent Bitcoin bulls, Michael Novogratz, took to his Twitter handle to share why he got into the digital currency industry. For Novogratz, cryptocurrencies, especially Bitcoin (BTC) is more than just a technology for digital payments. He explained that the cryptocurrency is a revolution itself. Previously, Novogratz referred to Bitcoin as an option […]
IOTA Access partners with Jaguar Land Rover
IOTA has announced its partnership with Jaguar Land Rover and other firms in a bid to unveil its newest innovation, IOTA Access. According to IOTA, the new software is an infrastructure that is used to gain entrance into the control systems of various smart devices via its open-source infrastructure. If the launch of the new […]
Ethereum miners bag $166 million in revenue from fees generated in September
The increased activity in the decentralized finance (DeFi) space has continued to skyrocket the revenue of Ethereum miners. An update shared by Glassnode shows that the miners have earned more income from the transaction fees than in September than in the past two months, and beyond. This somewhat indicates that the network users may be […]
Kik ICO violated federal Securities laws – US court rules
A United States judge has ruled against the Kik ICO (Initial Coin Offering) which was conducted in 2017, stating that it violated the US security laws. In his judgement, the US Judge, Alvin Kellerstein said the US Securities and Exchange Commission (SEC) were in their rights to push for a sanction on the Kik ICO. […]
Chainlink users react as MakerDAO declares support for LINK as a collateral option
An announcement on Wednesday informed that MakerDAO has enabled support for Chainlink (LINK) and two other tokens to be used on the protocol as collateral options. This reportedly brings the number of tokens supported on Maker Vault this year to more than ten. Meanwhile, rather than expressing excitement, many Chainlink users have criticized the token […]
Crypto terrorism: French police arrests suspected Islamic extremists
French police have rounded up 29 individuals who were said to be involved in crypto terrorism by funding extremist groups using digital assets. In the news that was reported by ABC News, the arrests were made in a bid to destabilize a high connection of crypto terrorism funding. The operation was said to be masterminded […]
Crypto ban: Pakistani court urges Central Bank to lift ban
The Sindh High Court in Pakistan has urged the State Bank of Pakistan to lift the crypto ban around the country. In the petition, the Head of the Bench, Justice Iqbal Kalhoro questioned the crypto ban and why the premier bank restricted people from using digital assets since 2018. In his argument, he said things […]
Crypto transactions: Columbia government launches a pilot program that allows less regulatory oversight
Columbian government has announced a pilot program that would allow companies to carry out crypto transactions with reduced regulatory oversights. Columbia has further made a massive move in its quest to use blockchain technology to check crypto transactions after inviting companies to try out the program. According to the authorities, the trial is currently open […]
Crypto.com DeFi wallet adds 37 new tokens
Crypto.com has revealed that it has added 37 tokens to its DeFi wallet, which will provide users with the luxury of keeping their private keys. Going by the official statement by the crypto exchange outfit, the new DeFi wallet will house leading tokens in the DeFi sector, including Uniswaps native token (UNI) and yearn finance […]
