Bradesco, one of the largest banks in Brazil and the third biggest in all of Latam, has entered the cryptocurrency world by issuing its first tokenized credit notes. The operation, carried out in partnership with Bolsa OTC, tokenized almost $2 million in bank credit notes, which were also distributed by Bradesco. Bradesco Launches Asset Tokenization Program Bradesco, one of the…
Bitcoin (BTC) and Ether (ETH), the top two cryptocurrencies by market capitalization have always been pitted against each other. With the start of the new year, the first debate has surfaced comparing BTC’s capped supply of 21 million and ETH’s deflationary supply and which of the two qualifies as more sound money. An Ethereum-focused Twitter handle called ‘ultra sound money’…
There is no political aspect to the investigation into crypto lender Nexo, a spokesperson for Bulgaria’s Prosecutor General has insisted, according to local reports. “It has become a national sport to attack the institutions,” the spokesperson Siika Mileva added. Last week, the company said it believed the large-scale action taken against it, which included a raid on its offices in…
sponsored Developed by technology giant SoftConstruct, Fasttoken (FTN) is the official cryptocurrency in the Fastex ecosystem and the native token of the Fastex Chain. Aside from passing two audits by independent third-party auditors, Fastex is a regulated virtual currency exchange and virtual currency wallet operator in Europe. Additionally, the company recently opened a first-of-its-kind physical NFT shop in Dubai. Meet…
The Central Bank of Iran is reportedly cooperating with the Russian government to jointly issue a new cryptocurrency backed by gold. Iran is working with Russia to create a “token of the Persian Gulf region” that would serve as a payment method in foreign trade, Russia’s news agency Vedomosti reported on Jan. 15. The token is projected to be issued…
Security teams at crypto exchanges Binance and Huobi worked together to freeze and recover 121 Bitcoin (BTC) from hackers behind the Harmony bridge exploit. In a tweet, Binance CEO Changpeng Zhao announced that the hackers have tried to launder their funds through the Huobi exchange. After this was detected by Binance, they contacted and assisted Huobi to freeze and recover…
With Bitcoin and Ethereumboth soaring over 20% this past week, the cumulative value of all digital assets has once again reclaimed the key level of $1 trillion. This is the first time the wider crypto market has been valued this high since the beginning of November when the sudden collapse of FTX sent prices spiraling. Peaking at $1.15 trillion on…
A professor from Cornell University has warned about the potential effects a collapse of a major stablecoin could have on the U.S. bond market. Eswar Prasad said that if large stablecoins face a collapse, the number of Treasury bonds they would need to sell could disrupt the U.S. Treasuries market, affecting prices. Cornell Profesor Alerts About Stablecoin Collapse Danger Eswar…
The ongoing saga of the South Korean cryptocurrency exchange Bithumb continues, this time with ruling from local courts. On Jan. 13 the South Korean Supreme Court finalized its ruling that the exchange must pay damages to investors over a 1.5-hour service outage on Nov. 12, 2017. According to a local news source, the damages are equivalent to $202, 400 – or…
The developers of the dog-themed token Shiba Inu (SHIB) posted an update to inform its community about its upcoming beta release of Shibarium, a layer-2 network that will run on top of the Ethereum mainnet. In an announcement, SHIB developers shared information about layer-2 blockchains and highlighted that Shibarium is being built to provide a tool to allow the community…
