Tag Archives: social

San Francisco-based crypto payments platform Metal Pay has applied for a national bank charter with the U.S. national bank regulator, which would enable the company to offer seamless cryptocurrency-related services.Metal Pay Eyes Full National Bank LicenseIn a tweet thread published on Thursday (Feb. 4, 2021), Metal Pay’s First Blockchain Bank and Trust (FBB&T) revealed that it intends to become a full national crypto bank following its application with the Office of the Comptroller for...

Following the recent attack on the Yearn.Finance protocol, major U.S. dollar stablecoin company Tether froze $1.7 million worth of USDT stolen from the platform. Meanwhile, Bitfinex disclosed that it had made the last loan repayment to Tether.Tether Freeze Raises Centralization ConcernsTether CTO Paolo Ardoino announced the news of the USDT freeze via his Twitter handle on Friday (Feb. 5, 2021). The company’s action would subsequently prevent the hacker from spending the stolen funds.....

After losing a substantial share of its market dominance lately, bitcoin has recovered some of the losses by nearing $40,000. This comes even after some altcoins have gained value, including yet another record for Binance Coin above $70.BTC Eyes $40K, Recovers Some Lost DominanceDespite gaining a few thousand dollars since Monday’s dip to $32,000 to about $37,000, bitcoin remained in the shadows while some alternative coins took the main stage. Consequently, they reduced BTC’s dominance over...

Jack Dorsey, a long-term bitcoin enthusiast and unarguably one of the most influential proponents of the digital currency and its underlying technology, is now actively contributing to the bitcoin network. After introducing Bitcoin to Cashapp and announcing plans to release an open, decentralized standard for social media, the Twitter CEO is bringing his admiration for Bitcoin closer to home.Dorsey revealed he is setting up a bitcoin node in a tweet earlier today.Running #bitcoin...

This week was undoubtedly an altcoin party. Even though Bitcoin is up quite a bit in the past seven days, it was altcoins that stole the show, charting major increases almost every single day.Let’s start with BTC, though. It began the week at around $34,000 and was rather indecisive in the first few days, dipping below $33,000 on a few occasions. However, it was on Tuesday when the price started going up, reaching a weekly high at just shy of $39,000 before settling to where it’s currently...

The decentralized finance field continues expanding in all directions as the total value locked in various projects has tapped $35 billion. At the same time, numerous DeFi tokens have exploded in price in the past 24 hours, including an all-time high for Chainlink and double-digit pumps for Aave, Maker, Synthetix, Compound, and more.Skyrocketing DeFi TokensThe total crypto market cap marked a new all-time high today at over $1.170 trillion, and DeFi coins have attributed the most to these...

ETH’s increasing price is not the only Ethereum-related featured that has been skyrocketing lately. The transaction costs paid on the network (gas fees), prompted by DeFi and stablecoins, have surged to new average highs of over $20.Gas Fees Through The RoofIt’s no secret within the community that arguably the most utilized blockchain, the Ethereum network, has struggled with scaling issues for a while.Until the long-anticipated ETH 2.0 arrives, numerous projects have offered Layer-2...

Binance Coin, the native token of the world’s leading crypto exchange Binance, has been surging in the past several days to new all-time high records. Despite jumping above $60 earlier today, company CEO Changpeng Zhao urged people to stay calm as this is “just the beginning.”BNB’s Painted A New ATHWhile bitcoin and some altcoins, such as ETH, DOT, and LINK, took center stage during the recent bull run, Binance Coin seemed rather neglected. Although BNB had also increased in value since early...

The world’s leading cryptocurrency asset manager, Grayscale Investments, continues with its rapid expansion by overcoming another AUM milestone at $30 billion. Somewhat expectedly, the Trusts dedicated to the two largest digital assets, namely Bitcoin and Ethereum, account for over 95% of all holdings.Grayscale Tops $30B In AUMFounded in 2013, Grayscale enables institutional investors to receive exposure to various cryptocurrencies without having to worry about storing or managing the assets....

In yet another push forward in terms of the overall advent of the cryptocurrency space, LL Cool J is now investing in cryptocurrencies alongside billionaire Paul Tudor Jones.The report comes from Yahoo Finance, revealing that the legendary investor Paul Tudor Jones, as well as James Todd Smith, better known for his stage name, LL Cool J, have taken part in a new venture capital cryptocurrency fund.Other important individuals include the former CEO of PepsiCo Indra Nooyi, the billionaire...