Tag Archives: Cryptocurrency News

According to recent reports, the US Court has approved Voyager’s entry into a $1.42 billion agreement with FTX to acquire its virtual assets.Crypto Lender  Voyager Digital filed for chapter 11 bankruptcy on July 4 after halting withdrawals a few days earlier. According to the company, the Three Arrows Capital default caused liquidity issues forcing them to take this decision. FTX US, therefore, submitted a bid to acquire the company in a “highly competitive” auction process pending court...

Since the announcement, the Freeway (FWT) token has sunk to approximately eighty percent.Crypto platform Freeway has recently paused a few operations due to unforeseen instability in the foreign exchange and crypto marketplaces.In a post by the company on October 23rd, the platform revealed its plans to pause purchases and deposits. It also disclosed the company’s plans to cancel plans of buying Supercharger simulations until a new strategy is chalked out for the way forward. The...

Asides from creating its digital currency, JCB has been making forays into the world of blockchain, crypto, and Web3.Ahead of Japan’s issuance of CBDC, Japan Credit Bureau (JCB) has launched its digital currency. JCB is projecting that asking older citizens and young children to use a new payment infrastructure may limit the adoption of CBDCs in the future. As such, the firm is looking to test CBDC acceptance with its existing payment infrastructure vis, contactless payment system, merchants,...

1.) A stablecoin’s rise in market share has ignited the ‘Second Great Stablecoin War’Since Binance announced it would auto-convert USDC, USDP and TUSD into BUSD on Sept. 6, BUSD’s share of the total stablecoin market has risen from 10.01% to 15.48%.https://cointelegraph.com/news/a-stablecoin-s-rise-in-market-share-has-ignited-the-second-great-stablecoin-war 2.) Change of Heart: Kraken Closes Accounts for all Russian UsersFollowing the latest package of sanctions that the...

According to Wood, people like him perform best when they don’t always have to show up to work or are confined to a set timeframe.A recent Bloomberg report has announced the resignation of Polkadot co-founder Gavin Wood from the position of CEO of blockchain infrastructure firm Parity. The report also notes that the vacancy left by Wood’s action will be filled by his fellow Parity co-founder Björn Wagner.Gavin Wood Aims to Boost Polkadot and Web3.0 AdoptionSpeaking about his decision to step...

Per the announcement, entries to participate in the buildathon will continue until January 9 2023, and the submissions will be judged by a panel of NFT and metaverse veterans.Renovi, a metaverse marketplace, and design studio has launched the first Non-Fungible Token (NFT) Buildathon in partnership with Aftermath Islands Metaverse Limited. As contained in a Press Release shared with Coinspeaker, the buildathon, dubbed the Next Top Metaverse Build will enable artists, architects, and entrants...

Besides its political differences and leanings from China, Hong Kong is also seeking to create a different path for itself when it comes to its administration and regulation of digital currencies and the emerging Web3 world.Hong Kong, the special administrative city of China is pushing for new reforms that will position it as one of the most forward-thinking crypto-positive regions in the world. In one of its latest moves as affirmed by Elizabeth Wong, head of the fintech unit at the...

Cross-platform, cloud-based instant messaging service Telegram has announced that it will auction usernames on TON.According to reports, Telegram plans to auction usernames on The Open Network (TON) blockchain. This decision comes two months after Telegram founder Pavel Durov first floated the idea. A message on an official channel belonging to the dual-headquartered platform read that “a few weeks ago, the founder and CEO of Telegram announced the upcoming ability to buy and sell unique and...

Twitter alongside other social media platforms continue to play remarkable roles in the quest to get NFTs to be globally recognized and adopted.Twitter is working with notable NFT marketplaces such as Rarible, OpenSea, GuardianLink’s Jump.trade, and Dapper Labs to launch a cool new NFT feature. Called “tweet tiles”, the feature will allow Twitter users to share non-fungible tokens (NFTs) as well as call-to-action (CTA) collection objects on the platform.It should be mentioned that the “tweet...

Earlier, Celsius Network said that Prime Trust refused to fulfill its obligation of transferring the $17 million in crypto assets at the time of dissolving the agreement. On Thursday, October 20, crypto service provide Prime Trust agreed to return $17 million to troubled crypto lender Celsius Network. Prime Trust is popular for offering custodial services for digital assets.Celsius Network and Prime Trust CaseThe company reportedly held $119 million of Celsius’ assets. In August, Celsius...