Crypto news

[PRESS RELEASE – October 5, 2021] MDEX, the second-largest decentralized trading app (DEX) by TVL, with a total lock-up asset of $2.3 billion at the time of writing, is looking to take it a step further with this recent collaboration with Alpaca Finance, one of the most extensive DeFi protocols that offer lending services. MDEX is on the brink of another milestone, as the well-known DEX announces a new collaboration with Alpaca Finance, one of the most prominent lending...

Popular NFT-based play-to-earn online game, Axie Infinity, will be raising approximately $150 million in a Series B funding round at a nearly $3 billion valuation. Andreessen Horowitz to Invest in Axie Infinity According to a recent report, which cited two unidentified sources “with direct knowledge of the deal,” the funding round will be led by popular American venture capital firm Andreessen Horowitz. Axie Infinity is a monster-battling game that uses NFTs to reward its...

Arab Bank Switzerland will enable its institutional clients to store, stake, and trade XTZ – the native cryptocurrency of the popular blockchain project Tezos. This announcement comes amid the token’s recent price surge, which led it to a new all-time high. The press release seen by CryptoPotato reads that the banking organization, founded in 1962, has selected Tezos to develop a new set of “innovative and compliant” on-chain digital financial products. The private bank will...

According to a new mandatory filing by Circle – the company behind one of the largest stablecoins USDC – the company is under investigation from the United States Securities and Exchange Commission. It appears that the regulatory scrutiny strengthens, and stablecoin issuers are also under the radar of legislators. In a recent filing, Circle, the company behind the world’s second-largest stablecoin by means of total market cap, revealed that it has received a subpoena from the...

[PRESS RELEASE – Midtown, Gibraltar, 4th October 2021] Panther Protocol, who’s building scalable private infrastructure for the internet of blockchains, and Elrond, the internet-scale blockchain designed to bring a 1000x improvement in throughput and execution speed over existing decentralized networks, are proud to announce a new partnership that aims to bring interoperable privacy and compliance-friendly selective disclosure mechanisms to the Elrond Network. By leveraging...

Lord Fusitu – a Tongan barrister, landowner, and MP – is a fervent supporter of making Bitcoin a true currency inside the nation’s borders. He plans on tabling a bill to make Bitcoin legal tender alongside Tonga’s national currency, the pa’anga. Why Make Bitcoin Legal Tender in Tonga? Tonga is a small island nation and archipelago east of Australia. As reported by Financial Review, Fusitu’s first step towards adopting Bitcoin is to work with Jack Maller’s digital wallet...

ADA price is struggling to clear the $2.30 and $2.32 resistance levels against the US Dollar. The price is now trading near $2.20 and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near $2.26 on the 4-hours chart (data feed via Bitfinex). The price might start a steady increase if there is a close above $2.30 and $2.32. Cardano price is struggling below the $2.40 resistance against the US Dollar, unlike bitcoin. ADA...

Ethereum price started a fresh increase above $3,000 against the US Dollar. ETH price is now trading above $3,200 and the 55 simple moving average (4-hours). There was a break above a major contracting triangle with resistance near $3,100 on the 4-hours chart (data feed from Coinbase). The pair could continue higher as long as it is above the $3,100 support zone. Ethereum price is showing positive signs above $3,120 against the US Dollar. ETH/USD could accelerate higher...

Bank of America has published its report “Digital Assets Primer: Only the first inning,” led by Alkesh Shah, head of Global Cryptocurrency and Digital Asset Strategy, providing an in-depth analysis of the current state of the blockchain industry from cryptocurrencies to DeFi and NFTs. The report says that the industries of cryptocurrencies and decentralized finance services have grown to the point of being “too large to ignore.” BofA’s researchers note that nearly 221 million...

Following a collaboration with the BIS Innovation Hub, the Hong Kong Monetary Authority (HKMA) released a technical Whitepaper on retail CBDC, called “e-HKD: A technical perspective.” The financial institution expects to come up with an initial view of the project by the middle of 2022. One Step Closer to a CBDC The HKMA doubled down on its efforts of launching a digital Hong Kong dollar (e-HKD). After exploring the project’s potential benefits with peer central banks, the...