Changelly introduces another token available on the platform — the XYO token. Users can now effortlessly exchange XYO tokens at floating rates. The XYO Network enables trustless transactions through an ecosystem of crypto-location components that can bridge the gap from the world of today to the world of tomorrow. The XYO Network makes it possible for smart contracts to access…
Members of the crypto community have been up in arms recently about the $1 trillion infrastructure bill that the United States House of Representatives was expected to vote on this week. The legislation includes a crypto-tax reporting provision, along with the establishment of a definition for the term “broker.” House lawmakers stated that a vote for the infrastructure bill would take…
Decentralized oracle service Umbrella Network officially launched on Ethereum Friday, setting the stage for cross-chain transactions between the dominant smart contract platform and Binance Smart Chain, or BSC. The cross-chain bridge connecting Ethereum and BSC was developed in-house at Umbrella Network, underscoring the need to transfer tokens and other crypto assets between the two networks. The cross-chain bridge also enables users…
Welcome to the latest edition of Cointelegraph’s decentralized finance (DeFi) newsletter.DYdX surpassed Coinbase in daily trading volume for the first time this week. Read on to discover why this was a seminal moment for the project’s founder.What you’re about to read is the concise version of this newsletter. For the full breakdown of DeFi’s developments over the last week —…
Having appeared on exchanges, the IOTA distributed ledger has been firmly established among the TOP-10 cryptocurrencies by market capitalization since the first days, attracting everyone’s attention. What is IOTA? What are the peculiarities of IOTA’s new data structure solution? Let’s figure it out. IOTA Definition The abbreviation IOTA stands for the Internet Of Things (IoT). The name itself stores the…
The Monetary Authority of Singapore (MAS), the country’s central bank, has formally approved two companies to provide crypto services. One is the brokerage arm of DBS, the largest bank in Singapore and Southeast Asia. The other is Independent Reserve, a crypto exchange and OTC trading desk. Singapore’s Central Bank Formally Approves DBS and Independent Reserve DBS Bank announced Friday that…
Investors who survived the 2008 financial crisis understand the importance of liquidity. When an economic recession starts, deflationary pressure hits the market, and buyers disappear. Sellers frantically try to sell assets before their prices drop further, but buyers want to de-risk and go into safe-haven assets, such as treasury bonds and money market funds. The lack of liquidity associated with nonfungible…
Bitcoin (BTC) failed to break the so-called September curse as its price fell by a little over 7% into the month despite a strong rebound rally right ahead of its close. Nonetheless, Bitcoin looks to be making a comeback in October, a month known for painting aggressive bullish reversals.Bybt data shows that Bitcoin has closed October in profits the majority…
press release PRESS RELEASE. Bitcoin of America (BOA) is a popular virtual currency exchange, headquartered in Chicago, IL. They are known for their extensive number of Bitcoin ATM locations across the United States. Bitcoin of America’s CEO, Sonny Meraban, and Director of Marketing, Jenna Polinsky, have been featured on air at WGN Radio over the past couple of months. BOA…
Brazil Stock Exchange (B3), one of the world’s few exchanges trading Bitcoin (BTC) exchange-traded funds (ETFs), is exploring ways to provide data inputs for the country’s central bank digital currency (CBDC).Luis Kondic, managing director of listed products and data at B3, claimed that the stock exchange is considering providing oracles to bridge external data with Brazil’s projected CBDC, the digital…
