Category Archive: Cryptocurrency, No picture
Ethereum DeFi Ecosystem Has Hit 3 Million Users
This news was brought to you by ANKR, our preferred DeFi Partner. DeFi adoption is showing no sign of slowing down, as the total number of unique addresses hits 3 million. DeFi Continues to See Exponential Growth According to data from Dune Analytics, the total number of unique addresses interacting with DeFi has passed […]
Metropolitan Police Seizes Record $250 Million in Crypto
The Metropolitan Police has seized a record $250 million worth of cryptocurrencies. A 39-year-old woman has been arrested on suspicion of money laundering. London Police Force Seizes Record Crypto Sum The Met Police has seized £180 million ($250 million) worth of cryptocurrencies in an international money laundering case. It’s the U.K.’s largest-ever cryptocurrency seizure, following […]
Dogecoin Creator Billy Markus Is Auctioning a New NFT
Key Takeaways Dogecoin creator Billy Markus has added a new token to his weekly series of NFTs, titled “Crappy Dogecoin Doodles.” The series has been published since early June; Markus has also created several other more serious NFT items. The NFTs are minted on the Ethereum blockchain, as Dogecoin itself does not have any NFT […]
Smart Contract Allows Ethereum Blocks to be Reordered
Key Takeaways A new smart contract allows for Ethereum blocks to be reordered. The contract has sparked debate over the immutability of blockchain technology. Ethermine, the world’s largest Ethereum mining pool, said it will not use the new contract. A Solidity developer has sparked debate after releasing a smart contract that allows for the reorganization […]
Fidelity Digital to Expand Staff by 70% Amid Crypto Boom
The president of Fidelity Digital Assets said that many clients are particularly interested in Ethereum. Fidelity Digital Assets Set for Growth Fidelity Digital Assets is building out its operation. The asset management unit, which forms part of institutional-focussed firm Fidelity Investments Inc., is planning to grow its team by 70% due to high interest in […]
Bank of Ghana Aims to Bolster Economy with CBDC Pilot
Key Takeaways The Bank of Ghana has announced a CBDC pilot starting in September. Launching a CBDC in Ghana could help improve the economy and financial services. The central bank said cryptocurrency technology is “very laudable.” This news was brought to you by Phemex, our preferred Derivatives Partner. The Bank of Ghana has announced that […]
Synthetix Jumps 25% on Ethereum Layer 2 Launch News
Key Takeaways Sythetix Network’s native token has surged 150% since hitting a bottom last month. The most recent surge of 25% came over the weekend after the team confirmed it would launch on Optimism this month. SNX is aiming for over 100% gains, pending a bullish consolidation around current resistance levels at $12. This news […]
El Salvador Bitcoin Move Could Clog Network: JPMorgan
Key Takeaways JPMorgan has published a report indicating that Bitcoin adoption in El Salvador could place pressure on the network. However, Layer Two solutions are already in place to reduce network congestion. Rumors suggest the Salvadoran government is launching its own Bitcoin wallet with Layer Two integration. A team of analysts at JPMorgan has expressed […]
$8 Million Lost in Major ChainSwap Exploit
Key Takeaways ChainSwap suffered an exploit last night, resulting in $8 million worth of losses. The attacker sold several tokens available on the protocol through decentralized exchanges, meaning they tanked in value. ChainSwap has paused its Ethereum to Binance Smart Chain bridge and pledged to airdrop new ASAP tokens to holders. This news was brought […]
Opinion: Binance Won’t Be Harmed by U.K. Banks
Key Takeaways Binance is unlikely to be harmed by U.K. bank restrictions. Binance saw normal variation in trading volume this week, while its native token outperformed BTC and ETH. The U.K. makes up little of Binance’s user base, and it is not clear that other countries will impose similar policies. This Exchange News was brought […]
