After rising to a multi-week high over the weekend, ethereum consolidated on Monday, as market uncertainty increased ahead of tomorrow’s Merge. The token, which continues to trade above $1,700, fell from Sunday’s high, as bulls likely liquidated previous positions. Bitcoin remained higher, rising for a sixth straight session. Bitcoin Bitcoin (BTC) rose for a sixth straight session to start the…
Cryptocurrency exchange Huobi will delist seven different privacy coins from its platform as regulatory pressure mounts on anonymity-enhanced currencies (AECs). The exchange announced that it had terminated the trading service of a number of privacy tokens including Dash (DSH), Decred (DCR), Firo (FIRO), Monero (XMR), Verge (XVG), Zcash (ZEC) and Horizen (ZEN). These tokens will begin to be delisted on…
Leading automotive company Ford has filed 19 trademark applications related to possible metaverse activities. In the documents, the company hints at the potential launch of Ford-branded NFTs (non-fungible tokens) on its own marketplace, and also refers to the offering of virtual models of its cars, including Mustang, Mustang Mach-E, and the Bronco. Ford Hints at Metaverse Move Ford,…
press release PRESS RELEASE. In the face of financial regulators’ overall negative attitude toward digital assets, P2P marketplaces have become the platforms of choice across Africa. As the world leader in P2P cryptocurrency exchange, Kenya has drawn much attention from many P2P exchange service providers. Bitpapa is one of them, and it has recently entered the Kenyan crypto market. As…
SafeMoon investors are letting Barstool Sports founder Dave Portnoy off the hook as the plaintiffs filed for his dismissal from the lawsuit against him for allegedly promoting the SafeMoon token. On Aug. 8, the internet celebrity tweeted that he is being sued by investors for “shilling SafeMoon.” Portnoy claimed that he never received any compensation from the project and mentioned…
India’s Enforcement Directorate (ED) has unfrozen the accounts of crypto exchange WazirX, according to the exchange’s update. The exchange’s bank accounts were unfrozen following “active cooperation” with the ED via active anti-money laundering (AML) checks which blocked “suspicious accounts,” read today’s announcement. The exchange, one of India’s largest with a $2.9 million 24-hour trading volume, has had $8.14 million in…
The Algorand Foundation, a not-for-profit organization that supports the development of the Algorand ecosystem, has deposited $35 million in the stablecoin USDC to Hodlnaut, the embattled Singapore-based crypto lender, according to a statement last Friday. “As part of the Foundation’s mission, from time to time, we invest a portion of our surplus treasury capital to generate yield for the purpose…
The People’s Bank of China has urged for widening of the array of use-case scenarios for its central bank digital currency. The monetary authority believes that deeper interconnection with traditional e-payment platforms will make the digital yuan more convenient for consumers. China’s Central Bank Insists on Expanding Digital Yuan Environment The monetary policy regulator of China has called for improving…
The central bank of Norway has hit a major milestone in digital currency efforts, releasing the open source code for the country’s central bank digital currency (CBDC) sandbox. Available on GitHub, the sandbox is designed to offer an interface for interacting with the test network, enabling functions like minting, burning and transferring ERC-20 tokens, the Norges Bank’s official CBDC partner…
Bitcoin, the largest cryptocurrency by market capitalization, has soared more than 12% over the past seven days. The leading cryptocurrency has since retaken $22,000 at press time, a figure not seen since August. Over the past 24 hours, the cryptocurrency has jumped just over 2.6% and is trading hands at around $22,235, according to CoinMarketCap. Despite the tamed rally in…
