Cryptocurrency exchange KuCoin will introduce native token swap functionality to its in-house wallet after integrating decentralized finance (DeFi) market maker 1inch’s application programming interface. 1inch’s Pathfinder algorithm will increase the functionality of KuCoin Wallet, the exchange’s recently launched decentralized wallet platform, which features cross-chain trading, DeFi and nonfungible token (NFT) support. The algorithm will aggregate liquidity from over 250 sources…
BlackRock has launched a spot bitcoin private trust for institutions. Earlier this month, BlackRock announced a partnership with Coinbase to offer bitcoin trading service to its clients. Last year the $10 trillion asset manager stated they were not aware of any institutional interest in bitcoin. BlackRock Inc., the world’s largest asset manager with $10 trillion of assets under management (AUM),…
The Atlanta-based crypto payment services company Bitpay has announced that Bitpay’s prepaid cardholders are eligible for cash back rewards if they use their card with participating retailers. The rewards feature stems from Bitpay’s partnership with Cardlytics and cardholders can get up to 15% in cash back rewards on purchases from the service from thousands of retailers. Bitpay Partners With Cardlytics…
While many believe that the Philippines can become a new crypto hub, that dream may be shattered in the meantime as the country’s central bank announced a 3-year hiatus from accepting new virtual asset service provider (VASP) applications. According to a memorandum signed by Chuchi Fonacier, a financial supervision official at the Banko Sentral ng Pilipinas (BSP), they aim to…
The Taiwanese Ministry of Digital Affairs (MODA) plans to implement decentralized technology into its web portal in an effort against cyberattacks. InterPlanetary File System (IPFS) is a Web3 technology that government officials will employ for decentralized file sharing. IPFS identifies content through file hashes, which allows files stored by multiple parties to be found anywhere and can be accessed by…
The Goerli testnet was successfully merged to the proof-of-stake (PoS) network, marking the final step before Ethereum’s mainnet transition. The triumphant final testnet merger means the mainnet transition slated for Sept. 19 could go as scheduled. Goerli is the third and final testnet after Ropsten and Sepolia that makes Ethereum’s final rehearsal before its official transition to the PoS network.…
Ethereum surged to a two-month high above $1,900 on Thursday, as the token continued to rally following yesterday’s U.S. inflation report. Inflation in the United States was at 8.5% in July, giving traders some optimism on a potential gradual recovery. Bitcoin was also in the green, as prices moved closer to $25,000. Bitcoin Bitcoin (BTC) was up for a second…
Since it may be a good time to buy nonfungible tokens (NFTs) as the floor prices are lower, a Reddit user asked the community what they look for when searching for the next NFTs to add to their collection. In a subreddit, the Redditor has gotten various answers from the community including examining the utilities of the tokens, finding overhyped…
Swan Bitcoin, a Bitcoin-specific savings firm, revealed that it has been affected by a recent data breach of its newsletter provider Klaviyo. Per an email seen by Decrypt and shared by the firm on Twitter, Klaviyo informed Swan Bitcoin of a security incident on August 7. Swan Bitcoin said that “this incident is a result of one of their employees…
Law enforcement officials in Minsk are seeking international assistance to locate and detain the man who ran what is said to be the biggest online exchanger for cryptocurrencies in Belarus. The crypto trader has been accused of tax evasion and an investigation against three of his accomplices has estimated the losses for the state at $3.5 million. Belarusian Operator of…
