press release PRESS RELEASE. SundaeSwap (SUNDAE) has been added to the list of tradable assets supported by leading cryptocurrency exchange Bitrue. This development comes at a time when the launch of SundaeSwap on Cardano (ADA) was met with many technical issues such as congestion which still continue even now. Still, Cardano developers have stated that fixes are being made and…
Layer 1 blockchains took a beating this week, with several major networks down double-digits over the last seven days, including Solana, Cosmos, Polkadot, and NEAR Protocol. Each of these networks purports to improve on the shortcomings of more popular crypto networks by improving either throughput, security, or decentralization. Solana is the eighth-largest crypto with a market cap of roughly $29.5…
Russian authorities are not going to allow cryptocurrency lending, the finance ministry has announced, clarifying its proposals for crypto market regulation. The treasury department also revealed that not all cryptocurrencies will be available to Russian investors under the new rules. Russian Government to Restrict Investor Access to Crypto Assets Authorities in Moscow are not planning to permit loans in cryptocurrency…
U.S. cryptocurrency exchange Coinbase (COIN) has seen its shares dive 5% pre-trading after a calamitous advertising debut at the Super Bowl 2022. Data from Cointelegraph Markets Pro and TradingView showed COIN preparing to open at $194.53 before Monday’s Wall Street open. Snowden: Coinbase crash “so very internet” The Super Bowl 2022 has been an event to remember for crypto investors,…
DBS Bank, Singapore’s largest bank, is working on expanding its cryptocurrency exchange beyond its current investor base of institutional clients, according to the CEO. DBS Bank CEO Piyush Gupta spoke of the bank’s cryptocurrency business during the Q4 2021 earnings call on Monday, stating that the company will focus on measures to further scale its crypto exchange operations in 2022. During…
Cent, one of the first marketplaces to allow people to sell tweets as NFTs, has suspended almost all of its activity due to plagiarism-related problems. According to its CEO and co-founder Cameron Hejazi, people keep selling NFTs of other NFTs or using content that is not owned by them originally to mint these tokens. The sale of tweet NFTs is…
The UK’s tax authority—Her Majesty’s Revenue and Customs (HMRC)—has seized three NFTs as part of a wider investigation concerning VAT (goods and services tax) fraud, per the BBC. This is the first time HMRC has seized an NFT. The deputy director of economic crime, Nick Sharp, told the BBC this example “serves as a warning to anyone who thinks they…
When he’s not designing merch for the NBA or supplying coffee for big retailers, Shawn Kurz is fighting world hunger with the help of blockchain technology. Motivated to mend the shortcomings of traditional charity systems, Kurz founded FoodChain Global (FCG), an organization that uses a blockchain-based ecosystem to support charitable initiatives targeting global hunger. Enlisting the help of Cody Boyd,…
Bitcoin’s (BTC) hashrate recorded its biggest increase of the year on Saturday, jumping from 188.40 exahashes per second (EH/s) to a new all-time high of 248.11 EH/s in just one day, according to data from Blockchain.com. Despite the value dropping to 209.63 EH/s on Sunday, the world’s leading blockchain network is now as secure as ever. In blockchains that use…
Super Bowl commercials have always been an intrinsic part of the annual National Football League (NFL) championship and for business, a fair sign of making it in the real world. This year, however, marked a new milestone for the crypto community as FTX, eToro, Crypto.com and Coinbase debuted crypto ads in Super Bowl 2022. With rising demand in crypto —…
