1Inch Network saw a gradual decrease in MAU (monthly active users) since Nov 2021 (Dune Analytics). The DeFi platform saw 94,263 MAU in July. That reflected a 52% drop from the ATH, registered nine months ago. 1Inch offers users the products: Limit Order Protocol, Aggregation Protocol, and Liquidity Protocol. Moreover, it’s deployable on several chains, … Read more
On Tuesday, Singapore’s deputy prime minister, Heng Swee Keat, told newsmen that the country is launching “project guardian.” The project will involve the launch of DeFi use cases. It would also seek to tokenize financial assets. Under this initiative, Singapore’s monetary authority (MAS) will partner with leading financial institutions and virtual asset providers. There will … Read more
With crypto adoption growing globally across all sectors, most top firms don’t want to be left out of the trend. Many of them are starting to include digital assets in their operations. MoneyGram International is the latest company to start offering crypto-related services. According to a Bloomberg report, the money transfer service firm is now … Read more
USDT issuers, Tether, are launching their popular stablecoin on the Polygon network. Tether Expands Across The Crypto Space Tether keeps expanding across other networks amidst growing worries over the stablecoin market. Tether’s stablecoin (USDT) is now on the Polygon network. The launch will likely boost the value of the USDT stablecoin. USDT has shed more … Read more
Analysts at the leading US investment bank, JPMorgan, have concluded that real estate is no longer a good alternative investment. Instead, digital assets and hedge funds are now the better alternatives. In the report sent to investors, JPMorgan’s lead strategist, Nikolaos Panigirtzouglou, further said that BTC’s current value is still 30% off its actual value. … Read more
A collaboration has been carried out with Crypto Snack on the behalf of RCD Espanyol to be turned into the earliest team from La Liga offering the fans the chance to use crypto to purchase tickets. The fans of the Catalonia-based proficient soccer team will be permitted to buy game tickets, beverages, food, and merchandise … Read more
Through his Web3 firm (FZE), Calvin Cheng will invest in projects that enable the integration of fashion, media, and entertainment into crypto. Dubai virtual asset regulatory authority (VARA) approved a provisional VASP license for Cheng’s FZE. VARA is the first regulator for digital assets globally. VARA is key to Dubai’s move towards accomplishing an economy … Read more
Coinshift, a top treasury management platform, also announced that the funds would be used to develop and provide a complete treasury management solution service for crypto-related firms. Crypto firms, including DAOs, use Coinshift tools to manage their cash reserves. Over 300 venture capitalists participated in this funding round. Among them are Tiger Global, Sequoia Capital … Read more
Various media outlets in Brazil report that a local crypto exchange, Nox exchange, has refunded all UST holders on its platform at $1. While the move is unprecedented and commendable, the platform clarified that users could only receive their lost UST tokens with the USDT stablecoin. Per multiple reports, Nox spent about $127K (620K Reais) … Read more
Most of the digital assets are still trading in the negative as the general downturn in the crypto market continues. The SHIB Community Keeps Growing However, the SHIB community keeps growing even though the SHIB token has shed 35% of its value in the last seven days. Before May 10, 2022, the SHIB community grew … Read more
Do Kwon and his team continue the battle to restore normalcy to the Terra network following the crash of the network’s algorithmic stablecoin and native token. LUNA’s price crashed so hard that it now trades for pennies, while the TerraUSD stablecoin (UST) lost its USD peg and now trades at $0.0625, according to the current … Read more
On Friday, Ethereum founder and crypto billionaire Vitalik Buterin stated that the Ethereum Merge would likely occur in August 2022. The Merge involves ETH blockchain transitioning from proof-of-work to proof-of-stake. Buterin revealed the development during the Ethereum Shanghai web3 Developer Summit. He also confirmed potential risks would mean possible delays to September or the following … Read more
Tron network’s native token TRX was among the best crypto to hold during the recent market slump. Moreover, the altcoin appears to hold steady regardless of the unstable market conditions. Let us find more. TRX witnessed a massive rally from April’s second week as the broad market suffered a bloodbath amid a bearish attack. Tron … Read more
Various media outlets report that Meta has applied for five trademarks under the brand name “Meta pay.” According to the filing, Meta pay is an online social investment network that allows users to seamlessly complete their crypto and blockchain-related transactions. Platforms can also validate their authenticity and identity (where necessary) using the platform’s tools. Popular … Read more
Amid the bleeding crypto market that has dominated headlines since Monday, BTC and ETH have rebounded, leading to the overall market recovery. The flagship coin crawled back to above $30k in the early hours of Friday, exchanging at a day high of $30.9k. Currently, it trades at $30.3k, shedding about 60 cents based on CoinMarketCap. … Read more
DeFi is a crucial sector that has revolutionized finance. Yet, it’s an extremely vulnerable sector due to its decentralized mode of operations and openness. It leaves the space susceptible to scammers and criminals who use the industry for selfish gains. Hacking and money laundering are the two most common illicit activities in the DeFi space. … Read more
The British overseas region called Gibraltar has incorporated unique crypto rules regarding market manipulation as well as market integrity to its DLT (Distributed Ledger Technology) agenda. The minister for Digital and Financial Services of Gibraltar, Albert Isola, mentioned that in 2018 they were considered to be the initial jurisdiction across the globe for the legislation … Read more
Regarding the announcement made by the Central Bank, the people of Cuba will now be able to officially trade cryptocurrencies and take advantage of the relative services that follow. Crypto-Friendly Regulations Financial development in the region of Cuba has recently taken a boost, as the Central Bank has announced the allowance of the issuance of … Read more
Tennessee State has called for proposals to be submitted by the contractors that can assist it in managing unsigned crypto. As per the declaration, the authorities have demanded from the prospective Retailers to file a proposal under the Treasury Department of the state on their procedure to provide the services of crypto management to the … Read more
The total number of citizens from the United States who intend to utilize cryptocurrency for payments in the current year will be elevated to nearly 3.6M, as per a research platform. A report issued on the behalf of Insider Intelligence indicates that the value of cryptocurrency as a payment means will reach new heights of … Read more
