The Cardano community is expecting at least, three key releases from the platform this year. Cardano may have taken its quest for scalability to another level with its Hydra upgrade which has now gone live on mainnet. The update was shared by Input Output Hong Kong (IOHK), the start-up behind the Cardano protocol. According to IOHK’s Twitter announcement, the first Hydra head has opened on the mainnet. For clarity, the Hydra head is the first member of the Hydra family protocol. And...
Read More »Stripe Expands Access to Its Fiat-to-Crypto Onramp with New Hosted Option
The Stripe-hosted onramp was created with Web3 companies in mind. It is designed to cater to their varied use cases. Stripe, a financial infrastructure provider for businesses, has launched a fiat-to-crypto onramp to make it easier for Web3 companies to help their US-based clients to buy cryptocurrency. According to a Thursday release by the firm, it is also making the onramp to all Web3 users, including those on the waitlist. Businesses that provide crypto and blockchain-enabled products...
Read More »US SEC Reverses Decision to Officially Define Digital Assets
While enforcement actions have been a focus for the US SEC in the crypto industry lately, some crypto exchanges are now making efforts to expand into other territories. The United States Securities and Exchange Commission (SEC) has taken a step backward by withdrawing from its decision to classify digital assets. The regulator achieved this by removing the first official definition of “digital asset” from its most recent household hedge withdrawal regulations. Notably, the SEC first...
Read More »FTX Officials Seek to Recover Over $3.88B from DCG-backed Genesis Global
The officials claim FTX-affiliated Alameda Research had largely repaid the $8 billion borrowed from Genesis Trading, a few weeks before the former filed for Chapter 11 bankruptcy protection. The bankrupt FTX and Alameda Research officials are stopping at nothing to recover lost funds by the former administration led by Sam Bankman-Fried (SBF). The crypto exchange under John J. Ray III, Chief Executive Officer and Chief Restructuring Officer, has sued several entities including soliciting...
Read More »Bitcoin (BTC) Price Jumps Past $29,000 Soon after Fed Rate Hike
Amid the unfolding banking crisis and interest rate hikes, Bitcoin has been showing strong resilience attempting another breakout above $30,000. On Wednesday, May 3, the US Federal Reserve announced another 25 basis points rate hike taking the US funds rate to more than 5% for the first time since 2007. In hours after the Fed announced the rate hike, Bitcoin (BTC) made a quick surge of more than 2% taking the price above $29,000. This Bitcoin price surge amid the recovery in the broader...
Read More »Litecoin (LTC) Price Analysis: Indicators Point Fresh Increase To $100
Litecoin settled below the $90 resistance zone against the US Dollar. LTC price is now trading below $90 and the 55 simple moving average (4 hours). There is a major contracting triangle forming with resistance near $89.20 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could start a decent increase if it clears the $92 resistance zone. Litecoin price is struggling below $90 against the US Dollar, similar to Bitcoin. LTC price could continue...
Read More »Gemini’s Non-US Derivatives Platform Goes Live
Amidst regulatory headwinds back home, the Winklevoss twins have doubled down their efforts to expand Gemini’s offerings to non-US residents. The new service aims to target both retail and institutional traders but will exclude users from UK and EU. Gemini Foundation – the highly anticipated non-US derivatives platform – went live on May 1st for customers in all 29 available jurisdictions, including Singapore, Hong Kong, India, Argentina, Bahamas, Bermuda, British Virgin...
Read More »Sicherheitsbehörden lancieren nationale Sensibilisierungskampagne zur Passwortsicherheit
Am 4. Mai ist Welt-Passwort-Tag – für jeden Zugang ein eigenes, starkes Passwort! Gestohlene Benutzerdaten stehen häufig am Anfang eines Cyberangriffs. Mit starken Passwörtern kann viel Schaden verhindert werden. Das Nationale Zentrum für Cybersicherheit (NCSC), die Schweizerische Kriminalprävention (SKP) und die kantonalen und städtischen Polizeikorps führen im Mai mit Unterstützung der Plattform für Internetsicherheit iBarry und «eBanking – aber...
Read More »Das sind die 3 erfolgreichsten DeFi-Anwendungen
DeFi (Decentralized Finance) hat in den letzten Jahren stark an Popularität gewonnen und ist zu einem wichtigen Teil des Krypto-Ökosystems geworden. DeFi-Anwendungen bieten den Nutzern zahlreiche Vorteile, darunter Dezentralität, Transparenz und niedrigere Gebühren im Vergleich zu traditionellen Finanzanwendungen. In diesem Text werden die drei erfolgreichsten DeFi-Anwendungen und ihre Vorteile für die Nutzer näher betrachtet. Uniswap Uniswap ist...
Read More »Coinbase Launches International Exchange with BTC and ETH Futures for Non-US Institutional Clients as SEC Crackdown Continues
The Coinbase International Exchange will provide institutional clients outside of the US with BTC and ETH contracts and up to 5x in leverage. Crypto exchange Coinbase has launched an international exchange to offer its teeming institutional clients an expanded portfolio of crypto services. According to the company, the new Coinbase International Exchange lists contracts for Bitcoin (BTC) and Ether (ETH) perpetual futures. In an official announcement, Coinbase said it received a...
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