Key highlights: While the price of cryptocurrencies continued to rise, the long-awaited rise in NFT trading volume also came. Market-leading marketplace OpenSea has increased its trading volume in Ethereum-based NFTs for the…
Categorie: Cryptocoin News
Bitcoin Mining Is On The Way To Be Efficient And Environmentally Friendly According To BMC Data
Key highlights: The crypto winter of 2022 could not prevent the development of Bitcoin mining. Research from the Bitcoin Mining Council (BMC) shows that BTC mining is now both more efficient and…
ICONOMI Announces Major Upgrades And Partnership With Elliptic For Enhanced Trading And Compliance
Two main benefits and features are coming to ICONOMI at the start of the new year – significant improvements to our trading engine, the heart behind all transactions on ICONOMI, and a…
100% Increase In Blockchain Developers Despite Crypto Winter
Key highlights: According to the annual report of Electric Capital, a crypto venture capital firm that makes early investments in blockchain projects, there has been a significant increase in the number of…
Polygon Announces Hard Fork To Improve Network Efficiency
Key highlights: *Ethereum L2 scaling solution Polygon will perform a hard fork today (January 17) at 38,189,056 blocks.*The hard fork that will take place on the Polygon PoS blockchain aims to slow…
Binance Admits Past BUSD Stablecoin Flaws And Depreciates More Than Thought
Key highlights: Binance acknowledged that its stablecoin BUSD had experienced under-collateralization and de-peg issues. According to Bloomberg’s report released this week, more than $1 billion in collateral was lost at different times…
Ethereum’s Shanghai Public Testnet To Launch In February
Key highlights: Ethereum developers announced that the public testnet launch of the Shanghai upgrade could be made in February. The Shanghai upgrade, which was expected to go live on the mainnet in…
Another Crypto Exchange Announces Massive Layoffs
The American-based cryptocurrency exchange known as Coinbase has announced via its website the reduction of its operating expenses by 25%, which includes letting go of 950 people from the company, which represents…
People In Ukraine Can Now Use Binance Pay To Pay At Pharmacies
It’s been more than 10 months since the war in Ukraine began, and while the country continues to fight its way through, it also keeps showing signs of improvement in other areas….
Bear Market Takes A Bite Out Of ASIC Miner Prices
The machines optimized for the sole purpose of mining Bitcoin (BTC), also known as ASIC miners, have fallen over 80% in price per terahash when compared to their peak back in 2021….
VISA Explores New Blockchain Solution To Enable Recurring Payments On Wallets
When it comes to securing information and making transactions go faster, Blockchain technology is probably one of the most significant breakthroughs we’ve had in the last decades. Many companies have implemented blockchain…
Former FTX CEO Is Charged For Defrauding Investors
The United States Securities and Exchange Commission (SEC) filed charges against Samuel Bankman-Fried. The former FTX CEO was charged with defrauding investors after the downfall of the crypto exchange. According to the…
UK Regulators Seek To Restrict Crypto Services In The Country
The FTX collapse keeps on altering the crypto sphere, causing fear amongst users, and even regulators. The latest country to comment on this is the United Kingdom, who according to the Financial…
Kraken Settles Potential Lawsuit With The US Treasury Over Iran Sanctions
Kraken, one of the biggest cryptocurrency exchanges based in the United States, has agreed to pay more than $360,000 to the Treasury Department’s Office of Foreign Assets Control, or OFAC, to settle…
Genesis Global Denies Bankruptcy Rumors
Over the past few weeks, the FTX disaster has taken everybody by surprise. The scandal keeps on shaking the industry in unexpected ways. The drop in the price of cryptocurrencies has forced…
El Salvador And Justin Sun Commit To Buying 1 BTC Everyday
Nayib Bukele, El Salvador’s president, has always been a very strong supporter of Bitcoin (BTC) as a store of value for his country. But even the most bullish individuals took a step…
Binance CEO Backs Out From FTX Acquisition After The Downfall Of Its Token
Changpeng Zhao, Binance CEO, announced on Nov. 8th, 2022, their intention to acquire FTX after confirming that the exchange had approached Binance to request help after confirming it had significant liquidity issues….
MoneyGram Adds Crypto Trading Services To Its App
MoneyGram is one of the global leaders in the digital P2P payments industry which allows easy movement of money. With over 150 million users worldwide, the company offers a great […] The…
EPILLO Health To Begin The Private Sale Of The EPILLO Token From 30th October, 2022
Epillo Health Systems OÜ is a company focused on consumer health and fitness solutions. Through the implementation of blockchain technology, IoT, artificial intelligence and Web 3.0, the Epillo group aims […] The…
Santander Brazil Launches Blockchain-based Platform For Selling Used Cars
Blockchain technology remains one of the most searched for technologies when it comes to improving banking systems. The latest financial entity to join this trend is Santander bank in Brazil; […] The…