Crypto EcoBlog
After a short break from his usual comments on Twitter about the cryptocurrency space, Elon Musk reminded of his humoristic side with a new set of intriguing posts. Although his tweets contained the word “Doge,” the meme coin failed to increase. However, it turns out that the billionaire had Dogecoin’s baby in mind. Aside from his views on bitcoin, Tesla’s CEO has outlined his support for Dogecoin for months. This propelled the Shiba Inu-inspired meme coin into the...
Read More »Balancer Launches on Polygon to Reduce Gas Fees
The popular DeFi project Balancer Protocol has joined the fight against high fees by launching on the Layer-2 solution – Polygon. Upon the transition from Ethereum, Balancer also announced new token incentives, which came into effect from June 28th. Balancer Joins Polygon Promising to “turn the concept of an index fund on its head,” Balancer is a DeFi project enabling users to collect fees from traders instead of portfolio managers. The protocol announced its latest...
Read More »Renewed Hype? Twitter Unveils NFT Collection on Ethereum-Based Rarible
Twitter has become the latest entity to drop its own NFT collections despite a decrease in the hype surrounding non-fungible tokens. Announcing the development today, the social media platform revealed that it has created 140 NFTs, which will be distributed freely to 140 users. While the NFTs are free, about seven of them have already been listed on the Ethereum-based platform, Rarible, with a “not for sale” disclaimer. At the time of writing, the bidding price for each of...
Read More »Coinbase to Launch a DApp Store After Getting Crypto Custody License from BaFin
Germany’s financial regulator, the Federal Financial Supervisory Authority, also known as BaFin, issued a license to Major U.S. cryptocurrency exchange Coinbase to enable its local subsidiary to carry out cryptocurrency custody business in the country. BaFin announced the news of the approval via an official release on Monday (June 28, 2021). According to the German regulator, Coinbase was the first crypto exchange to get BaFin’s license to operate crypto custody services....
Read More »I Only Have 5 Bitcoin, Senator Lummis Encourages People to Buy and Hold BTC
The US dollar is going to debase due to the Fed’s actions, and people should buy and hold bitcoin for protection, urged US Senator – Cynthia Lummis. She has outlined her support for the primary cryptocurrency for a while as she owns five bitcoins purchased eight years ago for $300 apiece. Buy Bitcoin for Your Retirement Appearing on CNBC’s Financial Advisor Summit, the US attorney serving as Wyoming’s first female Senator reiterated her belief in bitcoin as an investment tool...
Read More »Financial Giant NCR Teams Up With NYDIG to Let 650 U.S. Banks to Offer Bitcoin Services
A new partnership will allow Americans to purchase bitcoin from more than 600 banks in the United States. According to fresh reports, a new partnership between digital asset management firm NYDIG and payments behemoth National Cash Register (NCR) will allow 650 U.S. banks and credit unions to offer crypto trading services to clients through mobile apps. North Carolina-based First-Citizens Banks and credit unions in California like the Bay Federal Credit Union will also...
Read More »John McAfee’s Demise a Bottleneck for the U.S. Government’s Asset Recovery Efforts
With the death of the eccentric British-American computer programmer and cryptocurrency proponent, John McAfee, the U.S. government could find it difficult to confiscate funds belonging to the tech entrepreneur. Absence of Death Certificate Stalling Further Process As previously reported by CryptoPotato, McAfee was found dead after committing suicide in a prison in Barcelona, Spain. McAfee’s death happened a few hours after the Spanish authorities authorized the...
Read More »The Rise of Crypto Poses Important Questions for Central Banks: NY Fed President
New York Federal Reserve Bank President – John Williams – opined that the rapid development of virtual assets challenges the central banks’ desire to launch their own CBDCs. He advised policymakers to consider how cryptocurrencies would work efficiently alongside physical cash. Crypto Raises Questions for Central Banks John Williams – the president and CEO of the Federal Reserve Bank of New York – reacted to the recent presentation of the former Bank of England governor Mark...
Read More »21Shares to Launch a Solana (SOL) ETP on SIX Exchange on June 30th
21Shares AG, the Swiss-based issuer of cryptocurrency-oriented Exchange-Traded Products, continues with launching such ETPs in Europe. The latest will track the performance of Solana (SOL) and will go live on June 30th on the Swiss stock exchange. SOL ETP Coming to SIX Exchange The company, aiming to close the gap between institutional investors and regulated cryptocurrency products, announced its latest ETP in a press release shared with CryptoPotato. It will track the...
Read More »Legendary Football Player Tom Brady to Take Equity Stake in FTX
Tom Brady and his wife, Gisele Bündchen, have taken an equity stake in the popular cryptocurrency trading platform – FTX. Although the amount of the equity stake has not been disclosed, it’s known that the duo will receive some sort of payment in cryptocurrencies. Bloomberg coverage from June 29th indicated that the power couple of Tom Brady and Gisele Bündchen had taken an equity stake in FTX as part of a long-term partnership. As a result, the American football legend and...
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