The development team behind DeFi’s largest exchange Uniswap is reportedly on track to become the next crypto unicorn. TechCrunch reports that the round could fall between $100 million and $200 million, with a Singapore-based sovereign investment fund and Polychain tied to the deal. The deal would give Uniswap a $1 billion valuation. Previous investors in Uniswap Labs include heavy-weights a16z,…
A financial institution and a coin trading platform in Kazakhstan have teamed up to carry out what they say is the country’s first such joint transaction for the acquisition of cryptocurrency. Meanwhile, Kazakhstan’s leadership has declared readiness to further develop crypto exchange in the nation’s financial hub. First Banking Operation With Crypto Assets Opens Door for Legal Coin Purchases in…
Bitcoin (BTC) miners remain under stress at current price levels as data shows large outflows from miner wallets returning. As per on-chain analytics firm Glassnode, monthly miner sales totaled up to around 8,000 BTC in September. Bitcoin miners see heavy sales In contrast to the June lows, when BTC/USD hit its current multi-year floor of $17,600, miners are currently selling…
Workers and executives in Latam are open to trying metaverse tools in conjunction with their traditional work, according to a study commissioned by Ciena, a software, networks, and services company. The study, which surveyed 15,000 business workers from all around the world, found that there is optimism about the implementation of these technologies. Latam Office Workers Consider Metaverse-Based Tools Useful…
Bitcoin’s (BTC) long-term profitability has declined to levels last seen during the previous bear market in December 2018. According to data shared by crypto analytic firm Glassnode, BTC holders are selling their tokens at an average loss of 42%. Bitcoin long term holders, Source: Glassnode The Glassnode data indicate that long-term holders of the top cryptocurrency selling their tokens have…
Not only Elon Musk thought of buying Twitter — crypto billionaire and CEO of FTX exchange Sam Bankman-Fried “was interested” in acquiring the social network back in March 2022, according to a report from Business Insider. In the piece, published on Sept. 29, journalists are referring to the private texts released amid the court battle between Musk and Twitter, which…
MicroStrategy, the Virginia-based provider of software solutions known for using large amounts of company cash and debt financing to buy Bitcoin (BTC), is now seeking an engineer for Lightning Network-based products. The firm published the vacancy notice for the position on its website earlier this week. “As a Bitcoin Lightning Software Engineer at MicroStrategy, you will build a Lightning Network-based…
Central bank digital currencies (CBDC) can work well with decentralized finance (DeFi), and they have a lot of potential to boost DeFi adoption, according to a Swiss central bank official. Among many various types of digital currencies, it is CBDC that could provide more stability and lower risks to the development of DeFi, according to Thomas Moser, a governing board…
With crypto adoption moving forward in various parts of the world, Spain continues to encounter major developments in its local blockchain space as its largest telecom services provider dives deeper into Web3 technologies. Telefónica, the multinational telecom company based in Madrid, Spain, has enabled payments with cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), USD Coin (USDC) and many others…
According to a recent Chainalysis report, although Sub-Saharan Africa is believed to account for as little as 2% of global transaction activity, the area “contains some of the most well-developed cryptocurrency markets of any region.” Additionally, Sub-Saharan Africa’s “retail market and outsized usage of P2P platforms make it unique compared to other regions.” Sub-Saharan Africa’s ‘Outsized Usage of P2P Platforms’…
