The boosted rally that was recorded in the digital currency ecosystem in the previous week may become a source of a huge upshoot in the coming week. This speculation is being held dear by many crypto proponents on various social media platforms, as the rally that pushed the top coins may begin to materialize in
The decentralized finance (DeFi) ecosystem has printed its highest Total Value Locked (TVL) today, riding on the back of the resurgence in the broader market. Per data from DeFi Llama, the TVL covering all blockchain protocols is now pegged at $223.23 billion, a massive uplift from the $21.4 billion recorded from January 1 this year.
Binance, the world’s largest digital currency exchange by trading volume has taken its regulatory compliance ambitious to a new level with the appointment of Mark McGinness, former Head of International Relations at the Dubai Financial Services Authority (DFSA). According to the trading platform, McGinness is joining to take up the role of Chief Regulatory Liaison
Popular asset manager Bitwise has filed for a Bitcoin Exchange Traded Fund (ETF) product with NYSE Arca, a major move it is making after the rejection of its previous applications. As unveiled by the company’s Chief Investment Officer, Matt Hougan, Bitwise currently has an active Bitcoin Futures ETF application, however, the firm believes that an
Ethereum (ETH), the world’s largest decentralized blockchain network is attracting more small-scaled to medium-sized retail buyers according to on-chain trends. Data from Glassnode analytics shows that the Ethereum number of addresses holding 32+ coins has just reached a 5-month high of 109,188, confirming an accumulation trend that peaked about a week ago. 📈 #Ethereum $ETH
The Financial Stability Board (FSB), a multinational Think Tank that provides policy recommendations to the G20 has highlighted the importance of stablecoins and Central Bank Digital Currencies (CBDCs) in the pursuit of a functional global remittance network. In its latest report, the body highlighted the challenges that surround cross-border payments which range from high transaction
Nasdaq-listed digital currency trading platform, Coinbase Global Inc has unveiled its Non-Fungible Token (NFT) marketplace for digital artists and creators, joining its competing marketplaces including Binance and FTX Derivatives exchange in floating a similar platform. The exchange said the platform will facilitate the buying and selling of digital artworks that are resident on the blockchain
Popular cryptocurrency lender Celsius Network has reportedly raised $400 million from investors despite growing regulatory concerns. As reported by the Financial Times, the latest funding round was led by WestCap, the fund set up by former Airbnb and Blackstone executive Laurence Tosi, and Caisse de dépôt et placement du Québec (CDPQ), Canada’s second-largest pension fund.
Professional footballer, Alex Crognale has made history as the first player in the United Soccer League (USL) to receive part of his salary in Bitcoin (BTC). The footballer, who currently plays as a Center back for the Birmingham Legion confirmed this on His Twitter account, noting that he used third-party brokerage firm Bitwage to receive
Lord Philip Hammond, a former Chancellor of the Exchequer in the United Kingdom has been appointed as the Senior Adviser to London-based digital asset custodian, Copper. Lord Hammond’s role will be centered on providing the Copper team with strategic advice, as the startup looks to expand its business to the United States and Asia. As
There has been a lot of criticism about Bitcoin (BTC), and the process of generating new coins through mining, which governments and even industry veterans claim are energy-intensive. The current view on the high energy demands of BTC has pushed China to crack down on mining activities by sending out all miners in the country.
Bitmain, the largest Bitcoin mining equipment manufacturer in China has announced it will stop shipping its flagship product, the Antimer, to China in response to the regulatory crackdown ongoing in the country. As announced by the firm, the suspension of its Antminer shipping will commence on Monday 11th of October, and it will only affect
The Chief Executive Officer of derivatives trading platform, BitMEX, Alexander Höptner said El Salvador’s decision to adopt Bitcoin as one of its legal tenders is a move that “deserves praise, not derision” from global monetary heavyweights. According to a message from the crypto veteran, the Bitcoin move from El Salvador was born out of the
Michael Saul Dell, an American billionaire businessman, and the founder, Chairman, and Chief Executive Officer of Dell Technologies shared his opinion on the buzzing blockchain technology and Bitcoin trends. While answering questions from his interview session with the New York Times, Dell said he thinks that blockchain is probably underrated, a comment that depicts many
The Russian State Duma Deputies are on track to begin discussions on a regulation that will prevent private digital currency investors from engaging with the digital assets henceforth. According to the local news channel, Interfax, the move to restrict what it called “Unskilled Investors” was confirmed by Anatoly Aksakov, head of the Duma Committee on
Georgia’s apex bank, the National Bank of Georgia is set to launch its Central Bank Digital Currency (CBDC) trial via a pilot program in 2022. According to the Vice-President of the Central Bank Papuna Lezhava, the pilot test will reposition Georgia as being supportive of financial innovation that is currently being embraced by about 85%
United States Congressman, Patrick McHenry from North Carolina has put forth a bill that seeks to provide safe harbor for digital tokens and their issuance to aid the growth of financial innovation in the country. The bill whose act may be cited as the ‘‘Clarity for Digital Tokens Act of 2021’’ seeks to amend the
Two ransomware masterminds have been arrested in Ukraine, following the successfully coordinated strike between the French National Gendarmerie (Gendarmerie Nationale), the Ukrainian National Police, and the United States Federal Bureau of Investigation (FBI). The operation was backed by and coordinated by Europol who says the arrested individuals are known for their extortionate ransom demands ranging
As many as 7 lawmakers from the United States Congress have sent an open letter to the Federal Reserve Chairman, Jerome Powell, demanding to know how the American apex bank aims to support innovations bordering on digital currencies. Spearheaded by Reps Tom Emmer, Ted Budd, Ro Khanna, Darren Soto, Frank Lucas, Glenn “GT” Thompson, and
Polkadot (DOT) is among the high flyers in the crypto market today, as the digital currency rode on the back of the ongoing recovery to par off its losses for the past week. At present, Polkadot is up 4.39% to $33.38, its highest price point in the trailing 7-days period. Polkadot has been sitting on