Category : Blockchain

Blockchain

Bancor 3 Integrates Over 100 Tokens to Enhance DeFi Liquidity

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Is Bitcoin Gearing Up for Consolidation Before Triggering a New Bullish Cycle?

With Bitcoin (BTC) hovering around the 200-week moving average (MA), some analysts believe that the top cryptocurrency might be laying grounds for a ranging market that would, later on, prompt a bullish cycle. Crypto trader Rekt Capital : “I...

Bitcoin Touches $21K amid Fed's Interest Rate Hike Hitting a 28-Year High

Bitcoin (BTC) was up by 2.90% in the last 24 hours to $21,782 during intraday trading, with news about the Federal Reserve’s interest rate increase of 75 basis points (bps) making airwaves. The Fed has adopted the strategy of raising interest rate...

US House Committee Chairman Seeks Insights into Crypto Retirement Plans

The US House Ways and Means Committee chairman has asked the Government Accountability Office (GAO) to study cryptocurrency investment options in the major defined contribution (DC) plans. The DC plans include public retirement savings plans like...

Following Meta, Yahoo Announces Metaverse Activities in Hong Kong

American web services provider Yahoo has announced that it is launching a series of metaverse activities in Hong Kong. Yahoo plans to launch activities to explore the use of immersive advertising technologies. The company’s announcement comes a day...

Following Insolvency Fears, Celsius Network Taps Citigroup To Guide Financial Options

Troubled Celsius Network has hired US banking giant Citigroup to advise it on possible solutions aimed to bail out its business, three days after the major crypto lending firm appeared to witness bankruptcy concerns. Fresh reports show that Celsius...

Uniswap Labs Hires Former NYSE President Stacey Cunningham as Adviser

Uniswap Labs, the company behind the popular decentralized finance () protocol, announced on Wednesday the appointment of the former president of the New York Stock Exchange, as its adviser. Stacey Cunningham will help bolster Uniswap Labs’ busines...

Web3.0 Game Startup Wildcard Alliance Pulls $46M in Series A Funding

Wildcard Alliance, a new Web3.0 gaming startup has $46 million in a Series A funding round led by Paradigm Capital. Wildcard Alliance is a relatively new subsidiary spun out of Playful Studios, creator of the Lucky's Tale game series and Creativer...

Polkadot Developers Gains Access to Chainlink Oracle Through Moonbeam Integration

Thanks to the of Chainlink oracle into the Moonbeam smart contract platform, developers in the broader Polkadot ecosystem can now access reliable price feeds as they seek to build functional DApps. While the access to Chainlink oracles was first...

Binance Looks to Hire 2,000 New Staff

Binance exchange is arguably living up to its ranking as the biggest digital currency trading platform in the world as it has as many as 2000 new workers despite the current financial market meltdown. The company’s founder and Chief Executive Offi...

Russia's Sber to Complete Digital Assets Issuance by July

One of Russia’s largest financial institutions, Sber, is well on track to begin trading Digital Financial Assets (DFA) on its newly developed trading platform. As by the TASS state-sponsored news agency, which interviewed Anatoly Popov, Deputy Ch...

Three Arrows Capital Becomes 2nd crypto issuer Facing Insolvency

Singapore-based crypto hedge fund Three Arrows Capital (3AC) is facing insolvency issues following the extreme market condition in the crypto industry. Reports show that the hedge fund manager has liquidated at least $400 million worth of its crypt...

Bit.com Enables Trading of Staked Ether on Spot and Perpetual Futures Markets

Singapore-based crypto exchange Bit.com has launched Staked Ether (STETH) on spot and perpetual futures markets to meet the diversified needs of cryptocurrency users. By listing STETH on the spot and futures markets, Bit.com to enhance the token’s...

SEC Chair Says Lummis-Gillibrand Bill Could ‘Undermine’ Market Protections

The chairman of the U.S. Securities and Exchange Commission (SEC) has expressed concerns that the recently proposed US crypto bill by U.S. Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) could undermine the existing regulatory framewor...

EU Lawmakers Urged to Speed Up Passage of Crypto Law

The European Commissioner for Financial Services, Financial Stability and Capital Markets has called for the speedy passage of the Markets in Crypto Assets (MiCA) framework presently before the European Union (EU)'s lawmakers to address risks being...

Exploitation in the NFT World is Real But Are They Preventable?

To old investors in the digital currency ecosystem, exposure to various forms of scams, frauds, and exploitation will not come as something new, as they must have learned over time that the digital currency ecosystem is filled with such negative occ...

Playful Studios Launches Web3 Game Division, Raises $46M in Series A Funding

The Wildcard Alliance, Inc., a new web3 gaming studio focused on interactive entertainment, announced on Tuesday that it raised $46 million in a Series A funding round. The funding was led by crypto-native investment giant Paradigm. Other investors...

Percentage of Crypto Transaction Volume Used for Crime is Reducing: CipherTrace

The growth of the broader cryptocurrency ecosystem is not reflected in the percentage of crypto transaction volumes being used for illicit or fraudulent criminal activities. This fact was corroborated by blockchain security firm, CipherTrace in a...

OpenSea Seeks to Introduce New Security Provision

OpenSea is stepping up its game to protect its users as hundreds of non-fungible token (NFT) owners are constantly targeted by scammers. The world’s largest trading platform for digital collectables recently that it has upgraded its platform to a...

French Fashion Brand Lacoste Enters Web3 With NFT Collection

French fashion brand, Lacoste has made a dive into the non-fungible token (NFT) ecosystem as it has its own collection dubbed Underwater (UNDW3). The collection consists of 11,212 NFTs, priced at 0.08 per piece. The NFTs feature a 3D version of...

Coinbase Cuts Employees By 18% as Market Outlook Remains Bleak

CEO Brian Armstrong has that approximately 18% of all of Coinbase Global Inc’s workforce will be laid off as the cryptocurrency trading platform strategizes to navigate the now evident crypto winter. While Armstrong cited over-hiring in the wake o...

As Bitcoin Stares at the Psychological Price of $20,000, Will it Hold?

After months of consolidation between the $28K and $32K zone, a bullish or bearish run was imminent and Bitcoin (BTC) has taken the latter route. BTC was down by 30.04% in the last seven days to hit $21,292 during intraday trading, according to ....

US SEC Boss Airs Caution on Crypto Lenders Offering High Yields

Investors thinking of investing in crypto lending platforms should be cautious, the U.S. Securities and Exchange Commission (SEC) chairman said. Gary Gensler has warned investors to be wary of claims of double-digit interest rates as high risk. Whi...

Terra’s Most Anticipated Game, Derby Stars, Migrates to Polygon To Leverage Robust GameFi Ecosystem

Seoul, South Korea, 14th June, 2022, Chainwire Derby Stars, a AAA play-to-earn game centered on horse racing, is migrating to the , moving away from original plans to deploy on Terra. As one of the most anticipated game projects on Terra, Derby St...

Is Fed’s Interest Rate Hike the Biggest Impediment to Bitcoin’s Bullish Outlook?

With speculations high that the (Fed) will increase the interest rate by 75 basis points (bps) on June 15 to tame inflation, this might dent Bitcoin’s bullish outlook as the leading cryptocurrency continues to trade at an 18-month low. Market ana...

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