Category: News
Latest news on blockchain, cryptocurrencies and the crypto world in general.
Nigeria is Leader in Digital Currencies Adoption in Africa: Survey
Reading Time: < 1 minuteA ConsenSys and YouGov survey of 15,158 people aged 18 to 65 years from 15 countries revealed that Nigeria is a leader in the adoption of digital currencies on the African continent.
Ethereum Co-founder Vitalik Buterin Sells $580K in MakerDAO Tokens
Reading Time: < 1 minuteAfter Rune Christensen proposed launching MakerDAO on the Solana blockchain, Ethereum co-founder Vitalik Buterin sold 500 MKR tokens for 353 ETH (~$579,000 at the moment).
Bitwise Withdraws Application to Launch an ETF Based on Bitcoin and Ethereum
Reading Time: < 1 minuteBitwise has decided to retract their application to launch the Bitcoin and Ether Market Cap Weight Strategy ETF, dated August 3.
More Than 50% of Turkish Residents Own Crypto: Survey
Reading Time: < 1 minuteBy 2022, the percentage of the Turkish population owning cryptocurrencies had risen to 40%.
Changpeng Zhao: DeFi Will Outperform CeFi in Next Bull Market
Reading Time: < 1 minuteChangpeng Zhao believes the DeFi sector has the capacity to exceed Centralized Finance (CeFi) during the next cryptocurrency surge.
Court Dismisses Class Action Lawsuit Against Uniswap
Reading Time: < 1 minuteThe Southern District of New York court dismissed a class action lawsuit against Uniswap Labs, its CEO Hayden Adams, the Uniswap Foundation and venture investors of the decentralized exchange.
Tom Lee: Bitcoin Will Soar to $185,000
Reading Time: < 1 minuteTom Lee of Fundstrat has told that the cost of the leading digital currency, Bitcoin, could reach $150,000 once exchange-traded crypto funds ETFs are allowed to be focused on the spot price of the currency.
Lufthansa Unveils NFT Initiative on Polygon’s Network
Reading Time: < 1 minute
German airline Lufthansa has created the Uptrip loyalty program based on non-fungible tokens (NFTs) on the Polygon network.
Crypto Bank SEBA Granted Hong Kong Regulator’s Approval
Reading Time: < 1 minuteSEBA Bank, a Switzerland-based licensed cryptocurrency bank, has been granted in-principle approval by the SFC to carry out digital asset-related activities in Hong Kong.
Tether Will Process USD Transactions Through a Bahamas Bank
Reading Time: < 1 minuteThe company, registered in the Bahamas, Britannia Bank, is its new partner through whom dollar transactions will be done in response to heightened regulations by the US and European Union on the movement of digital currency.
US Congress Proposes Dismissing Gary Gensler
Reading Time: < 1 minuteUS House of Representatives member Warren Davidson has once again called for the removal of Gary Gensler from his post as head of the SEC following a positive court verdict for Grayscale in its conversion of GBTC tokens into an ETF.
SEC Classifies NFTs as Investment Contracts
Reading Time: < 1 minuteThe US Securities and Exchange Commission (SEC) has alleged that Impact Theory violated federal securities laws by selling investments in the form of unregistered non-fungible tokens (NFTs) under the name Founder’s Keys.
South Korean Exchanges Forced to Keep Reserves of at Least $2.3M
Reading Time: < 1 minuteThe Banking Federation of South Korea (KFB) has mandated that cryptocurrency exchanges must maintain at least $2.26 million in reserves in a bank account, starting in September 2023.
CoinSwitch Lays Off Third of Employees from its Support Team
Reading Time: < 1 minuteCoinSwitch, an India-based cryptocurrency exchange, has laid off 44 of its 126 customer service department employees.
Hong Kong Arrests Users for Laundering $15M Through Crypto
Reading Time: < 1 minuteHong Kong police have reportedly made 458 arrests in 314 money laundering cases involving approximately $60 million, of which a quarter is related to digital assets.
Robinhood Invests More Than $3 Billion in BTC
Reading Time: < 1 minute
According to Arkham Intelligence, the Robinhood Bitcoin wallet is the third largest, holding more than $3 billion worth of cryptocurrency.
Binance Launches a Solution for Institutional Clients
Reading Time: < 1 minuteBinance has launched the MirrorX OTC settlement solution.
Worldcoin Loses 44% of its Value a Month After Launch
Reading Time: < 1 minuteThe token of Worldcoin project, WLD, has seen a considerable dip of 43.6% in the 30 days respectively.
Coinbase Might Cooperate with Largest Canadian Banks
Reading Time: < 1 minuteLucas Matheson, who is in charge of Coinbase’s business expansion, has recently confirmed that his team is engaging in negotiations with the largest banks in Canada.
B2C2 Acquires Market Maker Woorton
Reading Time: < 1 minuteB2C2, a cryptocurrency over-the-counter (OTC) platform, has acquired French market maker Woorton for an undisclosed amount as it seeks to expand into the European market.
Binance Abandons Sberbank and Tinkoff Names
Reading Time: < 1 minuteBinance, which has an internal peer-to-peer platform, had replaced the Sberbank and Tinkoff card names with “green” and “yellow” respectively.
US Presidential Candidate Francis Suarez Says Will Accept Salary in BTC
Reading Time: < 1 minuteUS Republican presidential candidate and Miami Mayor Francis Suarez has declared that if he were to win the election, he would be willing to take part of his salary in Bitcoin.
1inch Deploys Protocols on Coinbase’s L2 Network Base
Reading Time: < 1 minuteOn August 24, 1inch Network developers announced the deployment of their project onto Coinbase’s second-layer solution, Base.
Coin Center Sends Comments to US Senate on Crypto Taxation
Reading Time: < 1 minuteIn response to a request from the US Senate Finance Committee, Coin Center provided proposals for the taxation of digital assets.
Investments in European Crypto Funds Soar: Report
Reading Time: < 1 minuteCoinShares reported that investments in European crypto funds (ETPs) have been steadily increasing over the course of the past three months.
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