Following a turbulent start to the week, bitcoin was back in the green on Tuesday, as the token climbed back above $20,000. The move saw prices race to their highest point in nearly two weeks, moving past a key resistance level in the process. Ethereum was also trading higher, as it neared the $1,400 level. Bitcoin Bitcoin (BTC) neared a…
The Southeast Asian nation of Vietnam now ranks among the top nations adopting cryptocurrencies. Indeed, the country has ranked first on Chainalysis’ Global Crypto Adoption Index for two years in a row. Chainalysis’ research methodology took into account population-adjusted adoption in crypto platforms ranging from centralized exchanges to peer-to-peer (P2P) payment networks. Web traffic to major crypto networks was analyzed…
Institutional DeFi lending platform dAMM Finance has completed a private token sale round of $2 million, the company has announced. Participants in the round include Prismatic, WOO Network, LedgerPrime, Fischer8, Concave, Berachain and System 9, Inc. “Raising funds during a bear market is quite an uphill task especially for crypto projects,” a spokesperson for dAMM Finance said, calling the success…
While some Americans believe that they could become billionaires by trading cryptocurrencies, some Redditors think that it may be better to aim for lower and more reasonable goals, such as becoming millionaires. In a study, market research firm The Harris Poll surveyed 1,989 United States adults and found that more than 70% are confident that they have the right tools to…
Krypton, a new decentralized exchange—which shares a name similar to that of the home planet of a certain “Man of Steel”—announced today a seed round raise of $7 million in investment led by venture capital company Framework Ventures. Other investors joining in the seven-figure raise are Samsung Next, HashKey Capital, Finality Capital Partners, Foresight Ventures, GSR, and MEXC. A decentralized…
Bitcoin (BTC) is seeing some of its oldest coins come back to life after a decade lying dormant. The latest on-chain data reveals that two-year BTC price lows have reawakened the most ancient part of the supply. “Very old” bitcoins come back to life As BTC/USD returns to levels not seen since Q4 2020, questions are arising over how long-term…
Nubank, a Brazil-based digital bank, has announced a new milestone in its operations. The company announced that it has reached 70 million customers in Latam, making it one of the biggest financial institutions of its kind in Brazil. The company also announced that almost 2 million of its customers are cryptocurrency investors. Nubank Reaches 70 Million Customers; Crypto Customers…
press release PRESS RELEASE. RebusChain, a platform set to take DeFi mainstream, is going public by announcing its public coin distribution (PCD) late this Summer. The PCD means those supporting its mission can now acquire coins via liquidity bootstrap pool (LBP) on the Osmosis network, and this marks a significant milestone in the Rebus project, following successful announcements of various…
Despite the innovations brought about by blockchain technology, a blockchain by itself does not automatically come with market data. To fix this, the trading and asset management firm Galaxy Digital has collaborated with the blockchain oracle provider Chainlink. In an announcement sent to Cointelegraph, Galaxy highlighted that the firm will provide its crypto pricing data to blockchains through Chainlink. The…
The U.S. Securities and Exchange Commission has fined Tether’s former auditing firm, Friedman LLP, to the tune of $1.5 million, according to an order issued Friday. The regulator found the accounting firm engaged in several instances of “improper professional conduct” in its audits of two companies from 2017 to 2020. According to the SEC, Friedman LLP “failed to design and…
