Tag Archives: social

Mark Zuckerberg-led social media giant – Meta – is developing a decentralized text-based app called Codenamed P92. According to a report, users can log in to the new app through their Instagram credentials. The latter’s head, Adam Mosseri, has been roped in to lead the project. With the new app using existing Instagram data, including names, profile photos, and followers, among other things, this may not sit well with many since Meta has faced criticism in the past for its...

Blockchain analytics platform Nansen announced the launch of Nansen Query, a new solution designed to offer a comprehensive data solution to crypto-focused teams and projects. In a press release shared with CryptoPotato, Nansen revealed that the new platform would enhance multi-chain data access, helping entities make better customer, product, and investment decisions. Nansen Launches Query According to the release, Nansen Query was built on the Google Cloud platform and can...

Polkadot’s leading parachain and innovative hub, Astar Network, has partnered with Tokyo’s special ward Shibuya to support the city’s Web3 initiative. According to a press release sent to CryptoPotato, the partnership will see Astar and Shibuya team up to foster the development of Tokyo’s Web3 strategy. Astar Network Partners Shibuya City As per the release, the alliance is the first between a Japanese blockchain firm and one of Tokyo’s biggest and most densely populated...

A new study by digital asset data provider Kaiko has found that Silvergate’s decision to shut down its instant payments network will likely boost stablecoin adoption among investors in crypto trading. Last week, Silvergate Capital announced the closure of its payments network, SEN, which crypto exchanges and investors used to move large amounts of U.S. dollars. The decision came after the crypto-friendly bank revealed in a regulatory filing that it could soon be “less than...

The negative sentiment in digital asset investment products reached the fourth week recording an outflow of $17 million. Confirming the same, the latest edition of the CoinShares report stated, “The poor sentiment likely represents continued investor concerns over regulatory uncertainty for the asset class.” Institutional investors are feeling the pressure as the US regulatory agency, the Securities and Exchange Commission (SEC), continued to target the crypto entities in the...

The cryptocurrency market has stalled in the past few days in a rather untypical fashion, but all that can change this week as there’re multiple major events and announcements coming from the world’s largest economy. It starts with US Fed Chair’s testimony to Congress and spreads to jobless claims as well as the unemployment rate. Powell to Testify The US central bank reversed its monetary policy after the COVID-19 pandemic began to fade away and started rising the interest...

A joint study conducted by Ripple and the Faster Payments Council (FPC) estimated that more than half of the surveyed leaders of payment firms think most merchants will accept cryptocurrencies as a settlement method within one to three years.  Almost every participant suggests that blockchain technology will enable faster financial transactions in the near future. Crypto Could Transform Cross-Border Payments More than half of the 300 respondents think global merchants will...

The G20 Finance Ministers and Central Bank Governors (FMCBG) Meeting on February 24-25 in Bengaluru, India, concluded with a strong commitment to regulations for the cryptocurrency sector.  The International Monetary Fund (IMF), Bank for International Settlements (BIS), and Financial Stability Board (FSB) have been tasked to come up with recommendations and a roadmap for regulating the cryptocurrency sector.   G20 Meeting of Financial Chiefs   “We look forward to the IMF-FSB...

Silvergate Capital Corporation was once among the most preferred banking institutions for cryptocurrency business, but the entity has faced numerous issues in the past few weeks. The latest saw the bank closing its crypto payment service called the Silvergate Exchange Network. “Effective immediately Silvergate Bank has made a risk-based decision to discontinue the Silvergate Exchange Network (SEN). All other deposit-related services remain operational,” reads the firm’s...

Bitcoin tried to recover some of its recently lost value in the past 24 hours but was stopped in its tracks and is back down to $22,300. The altcoins are quite stagnant on a daily scale, with EOS losing all of its yesterday’s gains. Bitcoin Maintains $22K The low trading volumes of last weekend helped bitcoin remain around $23,000 for most of it. The start of the working week saw the asset pushing toward $24,000. In fact, BTC managed to tap that level once on Wednesday, but...