The Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC) recently released a report detailing the implications of a central bank digital currency (CBDC). The report was based on a pilot CBDC issued to selected industry participants, which enabled a deep dive into the legal, regulatory, technical, and operational facets of […]
Binance has launched its payment service, Binance Pay, in Brazil, allowing merchants to accept cryptocurrency payments with low fees and fast transaction processing. The service supports over 70 cryptocurrencies, including Bitcoin, Binance Coin (BNB), Ethereum (ETH), and Tether USD (USDT). Binance Pay has partnered with WordPress, Weo Games, Valorant, and more, allowing users to pay […]
Bitstamp, a crypto exchange, has announced that it will end Ethereum (ETH) staking services for U.S. customers within a month. Customers will continue to earn staking rewards until September 25, 2023, and after that, all staked assets will be unstaked. Rewards and principal will be credited to users’ primary account balances, though this process may […]
The crypto fear and greed index dropped to the fear zone of 34 this week as Bitcoin and other cryptocurrencies experienced their worst week of the year. Bitcoin moved below $26,000, while Ethereum, Cardano, and Oasis Network also slipped, bringing the total market cap to $1.02 trillion. The fear and greed index is one of […]
Nathaniel Chastain, the former head of product at the NFT marketplace OpenSea, has been found guilty of insider trading and will spend three months in jail. Prosecutors argued that Chastain had bought numerous non-fungible tokens before they were featured on the platform’s home page and later sold them at much higher prices. Chastain maintained that […]
Optimism (OP) surprised crypto market participants twice in the last 24 hours. The token’s price dropped from $1.56 to $1.52, but then shot up from $1.521 to $1.600 in only three hours. Despite the recovery, the token is still low compared to the $1.80 level it saw at the beginning of August.Crypto token Optimism (OP) […]
XRP20, a yield-bearing token launched on Uniswap decentralized exchange on Tuesday, August 22, has seen a trading volume of over $1 million. The token mirrors the 100 billion supply of XRP but has no affiliation with Ripple, the issuer of the XRP token. The XRP20 project’s innovative stake-to-earn utility is funded by allocating 40% of […]
Binance.US, the American subsidiary of the world’s largest cryptocurrency exchange, has announced a new partnership with crypto payments startup MoonPay. This partnership will enable customers to buy and sell supported crypto assets on the platform using USDT, the largest stablecoin by market capitalization issued by Tether. Customers will be able to make USDT purchases with […]
European and global crypto exchange-traded products (ETPs) saw a reversal of their declining funds trend in June, with inflows totaling €150 million (about $160 million) in Europe and $610 million worldwide. This marked the best performance for European crypto ETPs since March 2022. The surge of inflows almost balanced out the €100 million outflows in […]
South Korea is known for its tech-savvy population and strong inclination towards crypto investments, and a new trend has recently been thrown into the spotlight concerning XRP. According to a report from News1 Korea, Generation Z investors in the nation are displaying a marked preference for altcoins, particularly XRP, over the more established cryptos such […]
