Yield farmers pour millions for valueless YFI token to boost their APY
DeFi yield farmers have deposited more than $100 million into YFI token to boost their annual percentage yield (APY). Currently, decentralized finance (DeFi) investors have poured in millions of dollars in a “valueless” token called YFI launched by yEarn. yEarn is a DeFi yield aggregator that shifts depositors funds across lending protocols offering the best […]
Decentraland joins Samsung Blockchain Wallet as its largest game
Popular virtual reality platform Decentraland has been added to the Samsung Blockchain Wallet as its largest game and non-fungible token (NFT) project. Samsung has made another addition to its blockchain wallet with the introduction of Decentraland Marketplace, a decentralized virtual world where users can create, experience, and monetize the things they build and own. Samsung […]
Largest South Africa crypto exchange to explore derivatives trading with $3.4M fundraise
Leading South Africa crypto exchange, VALR has raised a significant amount of capital to expand its services to the digital currencies investors/traders in the country. This could also be seen as a strategic move by the exchange to establish a prominent presence across Africa, as crypto adoption continues to grow in the continent. South Africa […]
Crypto ad ban policy of Google, Twitter, and Facebook faces Australian lawsuit
The regressive crypto ad ban policy followed by American technology firms, including Facebook, Twitter, and Google, is set to be challenged in a court of law. According to the case filed by JPB Liberty, the crypto plaintiffs have sought the lifting if this arbitrary crypto ad ban imposed by tech companies. The class-action legal battle […]
Canada crypto exchange firm, Coinsquare accused of wash trading by regulators
Ontario Securities Commission (OSC) has alleged Canada crypto exchange firm, Coinsquare of market manipulations, and misleading clients about its trading volumes. The firm which before now has been accused of wash trading and a hack is said to have gone against Ontario security laws. Coinsquare founder, Virgile Rostand, CEO Cole Diamond and chief compliance officer […]
Crypterium VISA Europe partnership official with new crypto payment card
The Crypterium VISA Europe partnership has been confirmed officially. The collaboration is a natural choice as Crypterium works towards making digital currencies at par with cash by partnering with appropriate services and companies. Crypterium Diversifies Its Card Offering With The New Crypterium Card VISA Edition! #Crypto #Blockchain #Visa #Crypterium https://t.co/d3TZwGLrxq — The Capital Platform (@thecapital_io) […]
Most lucrative DeFi pool yEarn Finance delivers 1000% APY
Defi pool yEarn is on a roll as the most profitable yield farming machine returns a whopping 1000 percent annual percentage yield. The automated market maker of yEarn provides a solution to many problems faced by yield farmers. Recently, yEarn introduced a governance token that helped it democratize governance procedures. It comes with zero pre-mine […]
Crypto investments: Oldest independent Arabic country warns against rising cryptocurrency
Similar to some other countries, one of the oldest independent states in the Arab world, Oman has cautioned its residents about crypto investments. In a recent notice, the central bank warned that it does not guarantee investments in digital currency. Hence, citizens who choose to deal with them would only do so at their own […]
ADA founder announces ERC-20 converter to deploy Ethereum tokens on Cardano
Cardano founder Charles Hoskinson recently revealed his plans to develop an ERC-20 converter to redeploy Ethereum tokens on Cardano’s testnet. In a recent video on YouTube, Hoskinson updated the Cardano community about the recent developments in the platform’s ecosystem as well as the future plans of the platform. Hoskinson also confirmed that the network will […]
Binance Coin burn: Over $60M destroyed in latest coin burn
In the latest Binance Coin burn, the exchange has removed over 3.47 million Binance Coin (BNB) from circulation. The recent event was the largest coin burn in the asset’s history both in terms of BNB and the USD value. The sum removed from the circulations amounts to nearly 60 million USD at the current trading […]
Teller funding round rakes in $1 million
Teller funding round has helped the startup raise $1 million from the investors. The event featured Parafi Capital, Framework Ventures, and Maven11 Capital. Blockchain-powered Teller makes solutions for a decentralized lending marketplace. It plans to use the latest capital infusion to create an algorithmic credit risk protocol to be used in DeFi. 🙌🙌 Today we […]
Bank of Thailand launches digital Baht for businesses before public launch
The Bank of Thailand (BOT) has entered the third phase of development for its digital Baht project and plans on expanding its use among corporations. According to The Nation Thailand, BOT assistant governor Vachira Arromdee revealed that the bank is already using the CBDC for financial transactions with some big businesses. Digital Baht The bank […]
Blockchain-based payment platform launches in Singapore
Blockchain-based payment platform “Project Ubin,” was launched by the Monetary Authority of Singapore (MAS), the country’s financial regulator, yesterday, as confirmed by Reuters. Singapore is moving fast towards a possible future where digital payments are the new norm. The government recently announced a new initiative towards those lofty plans. Blockchain-based payment platform initiated As the […]
Digital Yuan to be tested by China’s Uber, Didi
China’s digital Yuan, along with its ongoing trial in four cities, would also be tested by ride-hailing giant, Didi in the country. This is according to Didi’s announcement on Wednesday, where they revealed they had signed an agreement with People’s Bank of China’s (PBOC’s) Digital Currency Research Institute to test the digital Yuan. The digital […]
Major crypto exchange Huobi to run Chainlink node under a two-part collaboration
The cryptocurrency wallet arm of major digital currency exchange, Huobi, has announced its recent partnership with Chainlink to improve the integrity and accuracy of price data in general. Following the development, the exchange will become the first of its kind to run a Chainlink node. Huobi becomes the major exchange to operate a Chainlink node […]
24,000 Lithuania digital token launches next week as CBDC trial
The Euro Zone is set to experience another face of central bank-issued digital currency, following a recent announcement about the Lithuania digital token. The Baltic country is looking to secure its financial spot from the likes of Facebook, by proposing a digital coin which will be issued starting from next week. Euro Zone to see […]
Russian court declines stolen Bitcoin repayment request, says it’s not a property
A Russian court has reportedly declined a stolen Bitcoin repayment request because Bitcoin and other cryptocurrencies are not recognized as legal tender. Nearly 100 BTC is likely lost in this case; however, the court approved the victim’s other repayment request, which involved the Russian Rubles. Court declines stolen Bitcoin repayment request As IBTimes reported on […]
Ripple Xpring’s Aranda leaves after 7 years
Another high-profile employee at Ripple, Daniel Aranda, will be leaving the company in a few days, according to his tweet on Tuesday. Aranda currently works at Ripple’s Xpring and had about seven years of experience with the company. His department marks an additional dismissal of Ripple’s high-profile employee. Ripple Xpring’s Aranda will soon call it […]
21Shares Bitcoin ETP launches on major German trading avenue
The Switzerland-based leading cryptocurrency exchange-traded products (ETPs) issuer, 21Shares, is launching its ’21Shares Bitcoin ETP’ on a major German assets trading avenue, Xetra. The development further strengthens its presence in Germany, and Europe at large, while still pushing for institutional crypto adoption. 21Shares Bitcoin ETP opens up for more crypto products According to the announcement […]
Blockchain freelancing platform Braintrust redefines online work culture
Blockchain freelancing portals are nothing new. But freelancing is gaining traction in the post-pandemic world. As more companies discover work-from-home positions, freelancing graph is set to rise further. However, there are many inherent problems in the current freelancing platforms. Most platforms have degraded over time and are plagued with payment, transparency, and technological issues. The […]
Balancer hack: 0.36% affected liquidity provider to be compensated soon
Balancer, another DeFi protocol that recently made headlines amid the distribution of its governance token (BAL), will reimburse investors affected in yesterday’s incident soon. The flaw which resulted in the Balancer hack was pre-informed, however, the company’s team took the report lightly, and they have apologized. Balancer hack could have been handled early In a […]
Wirecard scandal is now engulfing Big Four auditing firm EY
German shareholders’ association Schutzgemeinschaft Der Kleinaktionäre (SdK) has filed a criminal complaint against big four auditing firm Ernst & Young for alleged role in the Wirecard scandal. SDK is taking legal action against Wirecard’s auditor EY for allegedly being involved in the accounting scandal. Wirecard scandal Wirecard, a German fintech company became the center of […]
DEX Volume surpasses all-time high as yield farming trend grows
The DEX volume has surpassed its all-time high as yield farming trend continues to gain popularity. As Forbes reported, DeFi yield farming has become the latest trend in cryptocurrency trading. According to the report, yield farming is the “act of leveraging” decentralized finance (DeFi) protocols and solutions to generate high rates of return. DEX Volume […]
Another DeFi boom? Balancer token now listed on FTX exchange
Decentralized finance (DeFi) has been gaining more popularity with every proceeding time, with the latest trending platform being Compound. Another DeFi platform dubbed Balancer is heading to the limelight, despite the fact that it was recently launched. Today, its governance token has been listed on FTX exchange. FTX exchange list Balancer token (BAL) According to […]
600,000 Barca fan token sold out within 2 hours
A popular Spanish football club, FC Barcelona witnessed a successful sale of its fan token dubbed BAR token, yesterday. Despite delays in the token sale, about 600,000 Barca fan tokens were completely sold out, in a very short time. This is probably the fastest token sale. Barca fan token sale experience massive participation The sales […]
Vitalik Buterin believes high DeFi interest rates come with risks attached
Ethereum co-founder Vitalik Buterin believes that the high DeFi interest rates come with unstated risks attached. Buterin took it to Twitter to state that the decentralized finance (DeFi) protocols that have higher interest rates than those in traditional finance have unstated risks attached to them. Buterin on “flashy” DeFi interest rates Buterin discussed the high […]
Thailand CBDC prototype payment system launches after Ithanon completion
The central bank of Thailand (BOT) is nearing the complete release of its digital currency. It recently revealed plans to debut the Thailand CBDC prototype payment system. This is coming after the successful completion of its CBDC project dubbed Inthanon. BOT readies Thailand CBDC On Thursday, the bank revealed it is looking to establish a […]
Nomura launches crypto custody service Komainu
Global financial services company Nomura has launched a crypto custody service for institutional investors called Komainu, which means “guardian lion” in Chinese. Together with a digital asset management company called CoinShares and a hardware wallet firm Ledger, Nomura’s Komainu will provide premium grade crypto custody services that boast highest-quality security features, regulatory compliance, and a […]
Industry participants fear Bancor vulnerability resulted in loss of funds
The Decentralized Finance industry might be facing its latest attack, following the vulnerability discovered on the latest version of Bancor network smart contracts. While many Industry participants have feared that Bancor vulnerability possibly led to the loss of funds, the company has said otherwise. Bancor Network is a decentralized exchange (DEX) protocol. The company recently […]
Central Bank of Canada CBDC underway as institution advertises for project Manager
A Central Bank of Canada CBDC appears to be underway if a job positing for a CBDC project manager is anything to write home about. The financial institution has been working behind the scenes to develop its native central bank digital currency (CBDC). After a job posting for the position of the projects’ manager on […]
55% of companies list blockchain technology as strategic priority, Deloitte
According to Deloitte’s Global Blockchain Survey 2020 blockchain technology remains a top strategic priority for over 55 percent of the companies worldwide, breaking away from its long-time reputation of merely being an emerging technology. The eagerly-awaited Deloitte survey has positive feedback to share regarding the age-old issue of inadequate blockchain technology adoption. Today, it revealed […]
KyberSwap adopts Chainlink oracles for reliable price feed
One of the largest decentralized crypto exchanges, KyberSwap, has integrated the Chainlink oracles for price feeds on its platform. The on-chain oracle network would complement the previous asset pricing model on the exchange, which is provided by Kyber Network. KyberSwap to save users from price slippage with Chainlink oracle KyberSwap recently announced the development, making […]
South Korea digital asset trading taxation may lead to crypto legalization
A South Korean digital asset trading taxation might usher in a new era of legalizing cryptocurrencies. Imposing taxes on the asset class trading is a surefire signal that the government has bowed to pressure from local crypto users. The last two years have seen the authorities oppose crypto trading but things are looking bright. South […]
Over $35K crypto theft lands UK man a 20-month jail term
Mark Andrews, the United kingdom resident from Saint Helens, has been awarded over a year and a half jail term for unauthorizedly accessing a computer system to commit an offense, including a crypto theft worth thousands of dollars. Cheshire Constabulary reported the development on Friday. UK man jailed for $37,870 crypto theft The 38-year-old Andrews […]
Prize pool for Elrond blockchain stress testing raised to $60,000, no wreck so far
The prize pool for Elrond Blockchain stress-testing campaign has been increased by $20,000, as Interests are surging. The 15-day battle of nodes campaign is aimed at uncovering potential flaws with the blockchain before Elrond mainnet is finally released. Elrond stress-test it’s blockchain towards mainnet launch The founder of Elrond Network, Beniamin Mincu, recently revealed a […]
Somebody paid $2.6M as transaction fee to transfer $130 worth of ETH
The Ethereum blockchain just saw somebody move 130 dollars worth of Ethereum for a transaction fee of 2.5 million dollars. In a recent transaction, somebody paid 10,668 ETH as fee for a transaction of 0.55 ETH. This is not the first time somebody has paid an insane amount as transaction fee to move a small […]
The Bank of Ghana intends to pilot a central bank digital currency
The first deputy governor at the central bank of Ghana affirmed that the bank is committed to piloting a central bank digital currency. Dr. Maxwell Opoku-Afari, the first deputy governor of the Bank of Ghana (BoG) spoke at a virtual stakeholder workshop on payment systems and services to reveal the institution’s future plans. Ghana to […]
Class action against VaultAge’s CEO brews over $16 million possible exit scam
Disgruntled cryptocurrency investors of the now-defunct VaultAge Solution, a company that trades cryptocurrencies on behalf of clients, have been preparing a step forward to recover their supposed lost funds. They are planning a class action against VaultAge’s CEO, Willie Breedt. Investors prepare class action against VaultAge’s Breedt According to the report by News24, the investors […]
More Ripple ODL corridors will launch this year, says Asheesh Birla
An official at Ripple, the blockchain company behind the fourth-largest digital currency (XRP), has revealed in a recent blog post that the company is set to open more Ripple ODL corridors later this year. It will equally ramp up ODL volume on existing corridors, where necessary. Ripple On-Demand Liquidity (ODL) to enable a convenient payment […]
New ConsenSys compliance service to pin down ‘bad guys’ on Ethereum projects
ConsenSys, a blockchain company, announced on Monday, it launched a compliance program to help pin down ‘bad guys’ in the cryptocurrency Industry. The new ConsenSys compliance service is specially designed for projects and digital currencies in the Ethereum blockchain. ConsenSys compliance service to focus on Ethereum projects As Bloomberg reported, the ConsenSys compliance service is […]
