105-year-old German bank DekaBank is planning to launch a blockchain-based tokenization platform in collaboration with the digital asset firm Metaco. DekaBank targets the release of its blockchain platform sometime in 2024, while the infrastructure is expected to be ready in 2023, DekaBank’s digital asset custody executive Andreas Sack told Cointelegraph. “The tokenization platform infrastructure will be ready in the foreseeable…
LocalBitcoins, one of the earliest and most popular peer-to-peer Bitcoin exchanges, today announced that it is shuttering its business after more than ten years of operation. In its announcement, the P2P platform said that it was “proud of what we have achieved together with all of you, our loyal community,” but that it can no longer provide its service due…
Finland-based peer-to-peer (P2P) cryptocurrency platform LocalBitcoins is shutting down operations after serving its customers for more than 10 years. LocalBitcoins officially announced termination of services on Feb. 9, citing tough market conditions of the ongoing cryptocurrency winter. “Regardless of our efforts to overcome challenges during the ongoing very cold crypto-winter, we have regretfully concluded that LocalBitcoins can no longer provide…
Rosbank has brokered Russia’s first deal involving the exchange of tokenized gold with the digital version of the Russian national fiat currency, the ruble. The successful transaction demonstrates the growing interest in digital financial assets and the need for digital ruble payments, the banking institution stated. Rosbank and Atomyze Exchange Gold and Rubles in Digital Form Moscow-headquartered Rosbank has facilitated…
A recent analysis of more than a million tweets showed a list of countries that love and hate the metaverse, with Vietnam showing the most love for the concept and Ireland topping the opposite side of the spectrum. Crypto data website CoinKickoff analyzed 1.6 million tweets from different parts of the world to determine which countries are in favor of…
Five years on from its inception, fan token platform Chiliz has launched its own layer-1 Ethereum Virtual Machine (EVM) compatible blockchain ecosystem to support its growth. Chiliz’s fan token ecosystem has long been powered by Ethereum-based ERC-20 tokens, but the validation of the Chiliz ‘2.0’ Blockchain genesis block sees the ecosystem shift to its own layer 1. The new blockchain…
Crypto ATM provider Coin Cloud has filed for chapter 11 bankruptcy. Coin Cloud was one of the first major movers in the crypto ATM space, having been launched in 2014 by current CEO Chris McAlary. It operates primarily in the U.S. and Brazil. According to third-party estimates, the company was the second-largest ATM provider worldwide, with about 12.6% of the…
press release Bitcoin.com is excited to announce that Verse Farms are live on the Verse DEX. Anyone can now deposit select Liquidity Pool (LP) tokens into Verse Farms to earn additional rewards on top of the trading fees already earned for providing liquidity. The first Verse Farm is for the VERSE/ETH pool with a starting APY of ~80%. More Farms…
Tether, the issuer of the world’s largest stablecoin by market value, has completed reserves attestation by major global accounting firm BDO. The stablecoin firm released BDO’s assurance opinion on Feb. 9, which re-affirms the accuracy of Tether’s consolidated reserves report (CRR) as of Dec. 31, 2022. The CRR shows that Tether’s consolidated assets amount to at least $67 billion, exceeding consolidated…
The crypto mining industry has faced moratoriums in some parts of the U.S. and Canada in recent months. Now, Russia provides tax incentives for those who want to invest in crypto mining. The new $12 million crypto mining center will open in East Siberia with the direct support of the government. According to local media, the state-owned Corporation for the Development…
