In brief The FATF is an international body that creates standards to combat money laundering and terrorism financing. It has updated its guidelines around crypto assets. The Financial Action Task Force, the international body that coordinates financial transaction standards among 39 country and regional members, today issued updated guidelines for countries to assess and reduce risk associated with cryptocurrencies. The…
Houston residents can now purchase luxury automobiles through natively integrated bitcoin-backed loans. Post Oak Motor Cars announced a partnership with NYDIG to give customers access to a fully-fledged suite of Bitcoin services, including custody and lending. POMC employees will also be able to allocate a portion of their paychecks to BTC. A Houston-based luxury auto dealer will soon be able…
U.S.-based cryptocurrency brokerage firm Voyager Digital announced a $75 million investment from cryptocurrency quantitative trading firm and liquidity provider Alameda Research on Thursday. Founded in 2018, Voyager Digital offers more than 60 digital currencies for trade on its mobile app, which also includes services such as yield farming. According to the companys website, Alameda Research was founded in 2017 and…
Nearly every industry under the sun has started to notice non-fungible token (NFT) technology and on Wednesday, the media and entertainment company World Wrestling Entertainment, Inc., otherwise known as WWE, announced the launch of an exclusive NFT marketplace. According to the announcement, the market will produce licensed digital WWE tokens and collectibles that showcase WWE superstars and iconic moments. WWE…
In brief Shiba Inu yesterday overtook Dogecoin in terms of market cap. But Dogecoin today bounced backsurging 30% in 24 hours. Dogecoin today reclaimed its place as the top meme coinsurging 30% in 24 hoursafter briefly losing the throne to Shiba Inu yesterday. DOGEs sudden price uptick means it is now trading for $0.31, making it the ninth biggest cryptocurrency…
XDEFI Wallet, a browser-based service for DeFi and NFT assets, has officially integrated the layer-1 blockchain protocol Terra on its platform following a number of weeks of testing and development. With the addition of Terra, the platform now supports 9 blockchain networks including Bitcoin, Ethereum, and Polygon. It has also expressed intentions to incorporateSolana, Avalanche, and Arbitrum in the future.…
A yearlong price rally in the Bitcoin (BTC) market and hopes for more upside moves in the future has prompted traders to hold the token instead of trading it for other assets, Glassnode data shows. The blockchain data analytics service revealed Thursday that the total amount of “hodled or lost coins” reacheda nine-month high of over 7.21 million BTC. In…
Project Serum, a decentralized derivatives exchange for the Solana network, has launched a $100 million liquidity mining program as part of a broader effort to attract users to the ecosystem. The initial allocation was approved by Serums decentralized autonomous organization, or DAO, the project announced Thursday. The sum, paid out in Serums native SRM token, will be used as a…
On-chain data suggests a supply shock appears to have led the bitcoin price to surge over 50% in October. “There has been little profit-taking from long-term holders” of BTC, a new Kraken report found. Miners are also stockpiling bitcoin, helping create a supply shock fueling higher prices. A supply shock seems to have contributed to the BTC price appreciating by…
The meme-based digital asset shiba inu has entered the top ten largest crypto assets by market capitalization, knocking dogecoin down a notch. In the last 30 days, the shiba inu token climbed 976% capturing a market cap of over $40 billion. Meanwhile, the concentration of shiba inu whales is still quite large these days alongside the massive circulating supply of…
