Digital currency markets have shed billions in value over the past week and during the market carnage, bitcoin haters have come out in flocks. Moreover, according to numerous crypto skeptics, bitcoin has officially died 21 times this year and this week’s downturn is sure to provide another eulogy. Bitcoin Haters […]
Current has announced plans to integrate decentralized finance (DeFi) features into its mobile banking app, starting with Polkadot’s Acala Network. Current’s deal with Acala will make it possible for the team to build hybrid finance (HyFi) ecosystem enabling consumers to enjoy the benefits of both traditional and decentralized financial applications, […]
Two former FXTM employees, Enrico Girotti and Ali M, have joined a new forex and CFDs brokerage Inveslo, which was founded recently by another FXTM veteran, Farrukh Adeeb. As updated on Linkedin, both Girotti and Ali have joined the brokerage earlier this month. Girotti has taken the role of Inveslo’s […]
Sony, the electronics giant, has revealed a patent that would introduce bitcoin wagering in its consumer electronic products and consoles, like the Playstation system. Spectators of a game could wager about what will happen next in an e-sports competition, and odds would be calculated by a machine algorithm depending on […]
Ripple, a San Francisco-based blockchain company, yesterday announced that the National Bank of Egypt (NBE) and Lulu International Exchange, a Dubai-based financial services firm, have partnered through Ripple’s global payments network (RippleNet). According to the official announcement, Lulu Exchange and NBE have collaborated for the smooth execution of cross-border payments […]
With the Kimchi premium back in the South Korean market, the Bank of America (BoA) believes that the persistent premium is as a result of the government’s capital flow control policy. Kimchi Premium Persists Because of Capital Flow Control According to Reuters on Tuesday (May 18, 2021), BTC price on […]
In the latest rounds of attack on DeFi (Decentralized Finance), FinNexus Options Protocol and DeFi platform lost close to $8 million. DeFi experts say the attack was either executed via stolen admin keys or a rug pull. In the attack, FinNexus lost more than 383 million FNX tokens pushing the […]
The global cryptocurrency market cap lost in excess of $350 billion overnight leading into Wednesday, May 19, as Bitcoin (BTC), Ether (ETH) and a majority of the altcoin market lost between 15–30%. Tuesday night’s plunge leaves the global market cap more than $750 billion worse off than it was this […]
Ethereum price extended its decline below $3,500 against the US Dollar. ETH/USD is approaching the $3,000 level, where the bulls might take a strong stand. Ethereum Price Analysis After a failed attempt to rally above the $4,000 level, ethereum started a fresh decline against the US Dollar. ETH broke many […]
The Nervos Foundation has announced the launch of a fund in collaboration with CMB International, a wholly-owned subsidiary of China Merchants Bank. The $50 million fund named “InNervation” will be used to make early investments in startups that are building blockchain-based user-centric products. Decentralized finance (DeFi) protocols, dApps, and nonfungible […]
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