intermediate Litecoin was the third cryptocurrency by market capitalization for a long time. This crypto coin has been active for over nine years now and has managed to be successful for most of this period. However, recent market fluctuations and the DeFi market hype strongly damaged the price of Litecoin. We, at Changelly, respect one of the first cryptocurrencies no…
Binance CEO Changpeng Zhao revealed that the United States branch of worldwide crypto exchange, Binance.US, is expected to complete a funding round to raise a “couple hundred million.” Speaking at the Bloomberg New Economy Forum, CZ claimed that he was unaware of the precise amount. However, the official confirmation of the financing round may come in “about a month or two.”…
Former presidential candidate, Hillary Clinton, has said that cryptocurrencies are “very interesting and exotic,” but they have the potential to undermine the U.S. Dollar. “What looks like a very interesting and exotic effort…has the potential for undermining currencies, for undermining the role of the dollars as reserve currencies, for destabilizing nations,” Clinton said at Bloomberg’s New Economy Forum. She added…
Meme-cryptocurrency Shiba Inu (SHIB) has lost more than 50% of its market valuation in three weeks since its all-time highs in late October. SHIB price dropped to as low as $0.00004251 on Nov. 19 after correcting by almost 55% from its all-time high of $0.00008854. Its price recovered a small portion of its losses on Friday, but the move looked…
A South African startup, NFTfi, is reported to have recently raised $5 million which the company intends to use for boosting its business of collateralizing non-fungible tokens (NFTs). Cryptocurrency Loan Marketplace According to a Techcrunch report, NFTfi’s $5 million capital raise was led by U.S. actor Ashton Kutcher’s Sound Ventures. The other investors that participated in the funding round include…
The United States’ Internal Revenue Service (IRS) has published a report that details the degree to which cryptocurrencies feature in criminal investigations. According to the report, 93% of all seizures carried out by the Criminal Investigations team (CI) involve cryptocurrencies. In total, $3.5 billion worth of cryptocurrencies has been seized by the CI team. As part of the CI’s ongoing…
Changpeng “CZ” Zhao, the founder and CEO of crypto exchange Binance, expects that the company’s American spin-off will soon announce a “couple hundred million” dollars in funding. “I think that’ll come in about a month or two,” Zhao said at the Bloomberg New Economy Forum in Singapore on Friday. With over $1.2 billion traded in the last 24 hours, Binance.US…
Kucoin Labs, the investigative and investment arm of Kucoin, a cryptocurrency exchange, has launched a $100 million fund to incubate early metaverse related projects. These include blockchain gaming initiatives, NFT platforms, and decentralized platforms, among others. The support will also include direct involvement with the projects selected, including counseling about branding and marketing. Kucoin Invests in Metaverse Kucoin,…
Central bank digital currencies (CBDC) like Russia’s digital ruble do not pose any threat to United States sanctions, according to U.S. Deputy Treasury Secretary Wally Adeyemo. In a CNBC interview on Wednesday, Adeyemo argued that the U.S. dollar “will remain the dominant currency in the world” despite the increasing popularity of cryptocurrencies. Adeyemo pointed out that digital assets provide an…
Today, Binance announced the integration of the Arbitrum One core network and opened Ether (ETH) deposits on the Arbitrum One Layer 2. Arbitrum is a third-generation layer-2 optimistic rollup protocol that runs on an off-chain Ethereum contract and lowers costs and speeds up transactions than on the Ethereum mainnet. The announcement notes that Binance users can now deposit any ERC-20…
