Tag Archives: social

Russia’s central bank granted the country’s largest lender Sberbank a license to issue and exchange digital assets. The latest move opens new avenues for the nation’s economy hammered by western sanctions. The Approval According to the official statement, local companies will be able to issue their own digital assets to lure market investments, purchase digital assets through Sber’s system, or make other such transactions under the new license. The lender also stated that it...

This week was action-packed, and even though the broader cryptocurrency market managed to recover some of the losses from the previous period. Bitcoin maintains relative stability around $40K and seems to have reclaimed the level. Let’s unpack. Bitcoin was sitting at around $39,000 this time last week, and we saw little to no action for quite a while. On Monday, the price dipped below $38K, but the bulls were quick to step up, and all losses were recovered by the end of the...

Institutional cryptocurrency exchange LMAX has announced a partnership with Swiss financial services group SIX to launch cash-settled, centrally cleared crypto-asset futures. With the increasing institutional adoption of crypto trading, LMAX Group CEO David Mercer reveals that the company will complete its offering by adding digital asset futures to its portfolio through the latest partnership. LMAX-SIX’s New Crypto Product Offering Based on regulatory approval, LMAX said the...

The San Francisco-based crypto exchange – Coinbase – announced that users can now take advantage of the new feature to fund their non-custodial Coinbase Wallet easier than before. The Newest Product As part of its mission to make cryptocurrency products accessible to the broad public, Coinbase introduced Coinbase Pay. The company explained that the solution is an extension of its existing digital asset wallet that allows users to interact with Web3 applications. Coinbase Pay...

The European Supervisory Authorities – the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA), the European Insurance and Occupational Pensions Authority (EIOPA) – issued a warning to investors about cryptocurrencies, deeming the asset class as “highly risky and speculative” in nature. The ESAs Ask Consumers to Make Informed Decisions The warning comes amidst increasing consumer activity and interest in crypto-assets, as well as the...

Dominic Williams, the founder of Dfinity Foundation, proposed a way that blockchain and smart contracts can potentially help by getting millions of Russians to watch an entire informational video(s) about the ongoing war. The exec stated that the proposal is made in a personal capacity rather than as an employee of the decentralized blockchain project. The Proposal Even as Russia faces a massive economic meltdown, the shelling in Ukraine has hit residential areas of cities...

Earlier this week, the President of the Chechen Republic – Ramzan Kadyrov – advised Elon Musk not to measure his strength against Vladimir Putin. Kadyrov went further, ironically calling Tesla’s CEO – Elona (the female version of his name). As it goes with the nature of the crypto community, scammers created over 30 tokens containing the name Elona in just a few days. Pre-History of the Twitter Dispute The world’s richest man – Elon Musk – displayed his support towards...

The Bored Ape Yacht Club and the associated NFT collections have turned into one of the most widely-discussed topics of 2021, and the buzz doesn’t seem to fade in 2022. Something that the team had hinted at a few months back was the creation of a native cryptocurrency – APE coin – that would power the entire ecosystem. Now, this has become a reality. In this article, we’re taking a closer look at the long-awaited APE coin by Yuga Labs – the creators of the Bored Ape Yacht...

Ripple’s Director of Developer Relations – Matt Hamilton – announced his departure due to personal issues. On the other hand, the blockchain firm appointed Michael Warren as the newest member of its Board of Directors. The American has previously served as Senior Advisor in the White House during the Obama administration. Hiring Former White House Advisor It is not all gloomy news for Ripple. According to a separate announcement, the blockchain organization welcomed Michael...

Digital asset custodian Hex Trust has announced raising $88 million in a Series B funding round. As per the official blog post, the funding round was led by Animoca Brands and Liberty City Ventures. Hex will deploy the funds towards expanding its footprint and scaling its operations. Hex Trust’s Funding Round The funding round also saw participation from Ripple, Terra, Morgan Creek, Primavera Venture Partners, LeadBlock Partners, Eterna Capital, Sino Global Capital, Topaz, as...