Category Archive: Cryptocurrency, No picture
Ethereum EIP-1559 Update Scheduled for this August
Key Takeaways Ethereum’s EIP-1559 update is likely to ship on Aug. 4. EIP-1559 is one of Ethereum’s most anticipated updates to date. It will introduce a gas fee burn on every transaction, making fees easier to predict and increasing ETH’s scarcity. It’s due to ship as part of the blockchain’s London hardfork. Ethereum readies one […]
FinCEN Hires First Chief Digital Currency Advisor
The Acting Director of FinCEN, the American bureau for financial fraud, has appointed for two new positions, including a Chief Digital Currency Advisor. FinCEN Prioritizing Crypto The U.S. Financial Crimes Enforcement Network (FinCEN) has appointed Michele Korver as its first Chief Digital Currency Advisor. According to the press release, Ms. Korver will be serving the […]
Sygnum Becomes First Bank to Offer Ethereum Staking
Key Takeaways Sygnum now supports Ethereum 2.0 staking, offering clients up to 7% annual yield. The move makes Sygnum the first regulated bank in the world to offer Ethereum 2.0 staking. Many other crypto exchanges and pooling services offer ETH 2.0 staking solutions. Swiss digital assets firm Sygnum has become the first regulated bank in […]
Hedge Fund Marshall Wace to Invest in Crypto: Report
Marshall Wace LLP has plans to invest in blockchain technology and payment start-ups for digital currencies and stablecoins, Financial Times has reported. Marshall Wace Turns to Crypto Marshall Wace, a hedge fund with $55 billion in assets under management, is planning to break into crypto. Financial Times reported Tuesday that the firm was planning a […]
Solana’s Solrise Finance Closes $3.4M Funding Round
Key Takeaways Solana protocol Solrise Finance has closed a $3.4 million funding round that saw participation from Alameda Research, CMS Holdings, Delphi Digital, and more. Solrise Finance allows anyone to create an investment fund and manage investors’ assets in a non-custodial manner. The team says it will use the capital to make their platform more […]
China Orders Beijing Firm to Close Over Crypto Trading
China’s central bank has ordered the shutdown of a Beijing-based software maker over its suspected involvement in cryptocurrency trading. Beijing Firm Closed for Suspected Crypto Ties The Chinese government is stepping up enforcement of its anti-crypto policies. Chinese authorities released a statement Tuesday detailing the actions taken against Beijing Qudao Cultural Development Co Ltd. for […]
PancakeSwap Soars After 5.3 Million CAKE Burned
This news was brought to you by ANKR, our preferred DeFi Partner. PancakeSwap’s CAKE token has seen a surge after the exchange completed its weekly token burn, reducing the supply of tokens by 5.3 million. It jumped 11% before cooling off early Tuesday. CAKE Climbs Following Token Burn CAKE looks to be following other DeFi […]
Beeple Helps Wimbledon NFT Sell for $178,000
Professional tennis player Andy Murray has sold a non-fungible token (NFT) that records his victory at Wimbledon in 2013. Wimbledon Clip Sells for Nearly $178,000 Murray’s NFT sold for $177,777 today. “The Wimbledon Final in 2013 was such a big moment in my life. I decided to work with WENEW and Wimbledon to turn this […]
U.K. Bank Barclays Blocks Card Payments to Binance
Key Takeaways U.K. bank Barclays has confirmed customers will no longer be able to deposit funds on Binance. Barclays says it made the decision to keep customers safe. Binance has faced regulatory pressure in several countries in recent months. U.K. bank Barclays has informed customers that it will no longer allow card payments to the […]
Dfinity Criticized Over Internet Computer Fork Proposal
Key Takeaways Dfinity founder Dominic Williams has proposed a fork of the Internet Computer network called Badlands. The new fork would come with a new token that would be airdropped to ICP holders. Critics have raised concerns about launching a new blockchain and token. Dfinity’s founder Dominic Williams has shared tentative plans of an Internet […]
