Crypto news

Popular cryptocurrency exchange Bitfinex has announced the launch of a new trading platform focused on Security Token Offerings (STOs). Bitfinex said in a recent announcement that the new platform will operate under the financial laws of Kazakhstan, as provided by the Astana Financial Services Authority (AFSA). The STO exchange, dubbed Bitfinex Securities Ltd, has been launched as part of the company’s efforts to support the development of the global financial industry....

Union Investment – the investment arm of the DZ bank group – takes another small step towards offering crypto investment services to private investors. They will make Bitcoin a small percentage of some of their funds.  Union Invest’s Experimentation With Crypto As reported to Bloomberg news, portfolio manager David Barthe said that the company was considering adding Bitcoin to their funds in small amounts, comprising 1-2% of their portfolios. This will be starting at an...

More than $3 million in Tether units have been stolen from a private antique dealer in the nation of Taiwan, suggesting that even decentralized finance is vulnerable to the illicit dealings of those who would steal and commit dirty deeds to get their hands on money. Investor Loses More Than $3 Million in Tether The victim in question is a man named Liu Kun-Hung. He holds plenty of crypto in assorted online wallets. Two contained more than $3 million in Tether, a popular...

[Press Release – Panama City, Panama, 7th September, 2021] deBridge, a cross-chain interoperability and liquidity transfer protocol, is delighted to announce the closing of a $5.5 million funding round to bring the new era of cross-chain interoperability. deBridge is thankful to have the support and backing from great partners including lead strategic partner ParaFi. The round also saw participation from Animoca Brands, Huobi Ventures, Lemniscap, Crypto.com Capital, MGNR,...

[PRESS RELEASE – Please Read Disclaimer] DeFi hub Wault Finance has successfully launched its native stablecoin WUSD. WUSD is pegged to the dollar and is the first commerce-backed stablecoin in the crypto industry. WUSD is designed based on the latest stablecoin models and backed by several crypto assets including USDT and WEX token at a 9:1 parity. This ratio means that 90% of the stablecoin is collateralized by USDT deposits and the remaining 10% by the utility token of...

[PRESS RELEASE – Please Read Disclaimer] Madrid, September 6, 2021 —  Bit2Me has closed the first phase of its ICO (Initial Coin Offering) in just 59 seconds, raising a figure of 5 million euros. This is the fastest token issue ever launched in Spain. The second phase will start on September 13 and the third phase on September 21. The Spanish cryptocurrencies platform had already raised 2.5 million euro in a private round in early August. In total, it has achieved an...

As of late, bitcoin and cryptocurrency are being used all the time to pay for travel expenses such as flights and hotel stays, but is paying for these items with crypto a good idea? Travel and Bitcoin: A Solid Match? For many, the idea of using bitcoin and its altcoin cousins to pay for goods and services is a dream come true and the realization of a strong financial vision. These currencies were initially designed to take over and push fiat, checks and credit cards to...

As the global adoption of cryptocurrencies continues to soar, a new bill has been submitted in the Republic of Panama to recognize Bitcoin (BTC) and other digital currencies as alternative payment methods. Panama Proposes Crypto Bill Panamanian pro-crypto congressman Gabriel Silva noted on Twitter that the new bill would enable the freedom to use cryptocurrencies in the Central American country. The bill, according to Silva, was prepared by different parties, including...

The world of cryptocurrency is buzzing as of late. Assets like bitcoin are really rising through the ranks once again, with the world’s number one digital currency hitting $50,000 for the second time over the past few weeks, but there appears to be one asset at the time of writing that’s outdoing all the others. That asset is Cardano, aka the ADA token, which became the world’s third largest digital currency last month and is now trading for a whopping price of about...

In a completely unexpected turn of events, Bitcoin’s price crashed to below $43,000 in a matter of minutes. This happens on the day El Salvador officially recognizes it as legal tender in what many called the “Bitcoin Day.” In a matter of hours, Bitcoin’s price crashed from above $52,000 to below $43,000 in a violent red candle and a massive sell-off. Chart by TradingViewIn two consecutive candles, bitcoin’s price lost about $7,000 of its value. Since then, it has somewhat...