Dogecoin got a boost Tuesday morning when Elon Musk announced that Tesla will be accepting dogecoin for some products. Musk has just been named Time Magazine’s Person of the Year and said that DOGE is more suitable for transactions than bitcoin. Tesla Will Begin Accepting Dogecoin Tesla CEO Elon Musk has announced via Twitter that his electric car company will…
In brief Bitcoin is popular in Ukraine. The country legally recognized cryptocurrency this year. It’s taking the next step in creating a central bank digital currency. The Stellar Development Foundation announced today that the Stellar blockchain will be used to pilot an electronic version of the hryvnia, the national currency of Ukraine. The pilot, being carried out by FinTech firm…
Interest rate swaps (IRSs) are one of the most commonly traded derivatives in traditional finance—and if they can make the leap to the nascent decentralized finance (DeFi) ecosystem, the potential upside is immense. To put things into perspective, the entire DeFi market in 2021 was worth roughly $90 billion, while interest rate swaps alone generate around $1.9 trillion. “With that…
Decentralized oracle service Umbrella Network has launched a new accelerator program for projects looking to build data pipelines to the cryptocurrency market, a process that many within the industry believe is necessary to grow the emerging domains of blockchain gaming, DeFi and the Metaverse. The $15 million accelerator program intends to fund companies that are bringing new data solutions to…
Tascombank, one of the oldest commercial banks in Ukraine, is launching a Stellar-based pilot for Ukraine’s national fiat currency, the hryvnia. The Stellar Development Foundation (SDF) announced on Dec. 14 a private electronic hryvnia pilot launched by Tascombank and fintech company Bitt. The electronic hryvnia pilot is being implemented under the supervision of the National Bank of Ukraine and is…
Leading stablecoin issuer Tether has been hit with a class-action lawsuit alleging the company’s practices are “immoral, unethical, oppressive, and unscrupulous,” according to the complaint, which was filed in the district court of south New York. Plaintiffs Matthew Anderson and Shawn Dolika dispute Tether’s claim that its cryptocurrency is backed by 1:1 dollar reserves. This claim has been challenged in…
Six worldwide corporations have banded together to start the IEEE blockchain Identity of Things standardization. According to IEEE Chair of the Identity of Things Working Group Dr. Xinxin Fan, researchers from Lockheed Martin, Ericsson, Lenovo, Huawei, Bosch, IoTeX and China Academy of Information and Communications Technology are developing the global standards for blockchain-based decentralized identities in an effort that commenced two…
Elon Musk, Tesla CEO, has announced via Twitter that Tesla will begin accepting Dogecoin as payment for merchandise. “Tesla will make some merch buyable with Doge & see how it goes,” Musk tweeted. The news comes a day after Elon Musk was announced as Time Magazine’s Person of the Year for 2021. Since this news broke, Dogecoin’s price has surged…
Cardano (ADA) may rally by nearly 30% in the coming days as it hints at forming a classic bullish reversal pattern. Sharp ADA rebound underway Dubbed “triple bottom,” the pattern typically occurs at the end of a downtrend and consists of three consecutive lows printed roughly atop the same level. Meaning, triple bottoms indicate sellers’ inability to break below a…
SIDUS HEROES is the first ever WebGL, AAA-level, Play-to-Earn, NFT and MMORPG game built by an experienced tech company with 200+ full-time employees and numerous successful projects under its belt. The game is set in a space metaverse at a time when technological advancements have reached the level of merging with all living beings. All characters belong to one of…
