Tag Archives: social

The world’s leading digital asset platform – Binance – is reportedly looking into expanding its services to Russia and its neighboring countries. The company believes there is a lot of prospect for new regulations in the area that could boost its business. Russia Is an Attractive Region for Binance Earlier this year, it seemed like Russia would follow China’s path and impose a total crypto ban after a proposal from the country’s central bank. Shortly after, though, the...

Sandeep Nailwal, the co-founder of Polygon (MATIC), revealed today that India’s CryptoRelief will be sending 100 million USDC from Vitalik Buterin’s last year SHIB donation back to him. Last year in May, Vitalik Buterin donated 50 trillion SHIB tokens to India Covid Relief Fund. Tweeting on the matter, Nailwal revealed the reasons for which they made the decision to send $100 million of the donation back to Buterin. He explained that him being an Indian presents certain...

To say that the last seven days were rough on the cryptocurrency market would be a wild understatement. A lot happened, and the volatility jumped through the roof, so let’s start with Bitcoin. BTC’s price started going down right from the get-go. Last Saturday, it went from $39K to $36K, but the bears weren’t finished yet. Later in the day, BTC dropped below $35K and, over the next hours, consolidated around that level. On Sunday, the cryptocurrency attempted to recover a...

Following its successful launch on the Polkadot Mainnet this week, Acala, an Ethereum-compatible DeFi protocol for scaling dApps, has revealed what lies ahead for the project. Acala’s Core Products Coming Soon The Acala team noted in an official press release seen by CryptoPotato that it intends to begin launching all of its core products soon. These include decentralized exchange (DEX) Acala Swap, upgraded Ethereum Virtual Machine (EVM+), decentralized stablecoin, aUSD, and...

Customers of U.S. financial service provider Five Star Bank will soon be able to securely buy and invest in bitcoin (BTC) directly from their bank accounts thanks to a partnership with NYDIG. Five Star Bank to Offer Bitcoin Trading Services New York Digital Investment Group (NYDIG) has struck a partnership with American-based Five Star Bank to onboard bitcoin trading and virtual currency transaction facilities for the latter’s customers before the end of Q2 2022. According to...

Non-fungible tokens (NFTs) became a huge trend in the crypto industry throughout 2021. The demand for unique, rare, and scarce tokenized items continues to shoot through the roof at the time of this writing in January 2022. Artists, celebrities, and creators are launching different NFT projects to satisfy the insatiable cravings for the new asset class. But while there are now hundreds if not thousands of non-fungible tokens (NFTs) flying around, with each aiming to become...

The blockchain infrastructure firm – Blockdaemon – raised $207 million in a Series C funding round led by Tiger Capital and Sapphire. Following the investment, the company increased its post-money valuation at $3.25 billion. Blockdaemon’s Expansion The California-based organization finished 2021 on a positive net income trend and recently hired 150 full-time employees – mainly engineers. It also expanded its scope to Germany and Singapore. According to a recent press release,...

The leading cryptocurrency custodian – Fireblocks – closed a $550 million Series E venture capital round, co-led by Spark Capital, D1 Capital Partners, General Atlantic, Mammoth, and other investors. The financing boosted the company’s valuation to a whopping $8 billion. The Newest Fundraise Despite the ongoing correction in the cryptocurrency market, the New York-based blockchain platform – Fireblocks – continues to raise funds. According to a recent blog post, the firm’s...

Crypto markets experienced the sharpest drops since July of 2021, correcting as much as 52%. While the macro bear scenario is still very much in play, some critical on-chain indicators are showing how long-term investors remain unfazed by this news, and whales continue to accumulate. Bitcoin’s Ownership Through the Dip The data from IntoTheBlock classifies as hodlers all addresses that have been holding an asset for a weighted average time of at least one year. Growing...

Christophe De Beukelaer, a Brussels Member of Parliament, has decided to follow the example set out by two US mayors and convert his salary to BTC. However, he will take it up a notch by having his entire 2022 income in the form of the primary cryptocurrency. According to a recent media coverage, Christophe De Beukelaer has pledged to convert his entire 2022 salary as a Brussels deputy (5,500 euros per month) in bitcoin, which he described as “digital gold.” He will be able...