Hacked Coinbase users bash the exchange for poor customer service
Coinbase, the largest crypto exchange in the US, has come under fire as thousands of users claim it has terrible customer service. A CNBC report disclosed this news on August 24, claiming its journalists interviewed Coinbase users in the US and got thousands of complaints. Most of the complaints revolve around Coinbase failing to address […]
MicroStrategy purchases 3,907 Bitcoin after selling 230K MSTR
MicroStrategy, a business software company, has purchased an additional 3,907 Bitcoin (BTC). The firm unveiled this news through a filing with the US Securities Exchange Commission (SEC) yesterday. Through this purchase, the company’s holdings of the leading cryptocurrency have increased to 108,992 BTC. According to the filing, the company spent $177 million on BTC between […]
Visa joins the NFT bandwagon after purchasing a CryptoPunk for $150K
Financial services giant Visa has joined the non-fungible token (NFT) craze. The firm unveiled this news through a blog post on August 23, saying it bought CryptoPunk 7610, an NFT-based digital avatar, for $150,000 worth of ETH. Reportedly, the company teamed up with Anchorage Digital to complete this purchase. In the blog post, Visa’s Head […]
Solana’s Wormhole Launch Triggers a Market Rally Amid Rug Pull Concerns
Solana’s Wormhole, a bi-directional communication bridge allowing existing Ethereum based projects to move their ERC20 tokens back and forth across blockchain built on Solana was recently launched to the much excitement of the Solana community. The Solana-backed multi-blockchain connector aims to bring interoperability to the blockchain and crypto space even as the DeFi movement picks […]
UWM to start accepting mortgage payments in crypto
United Wholesale Mortgage (UWM), the second-largest mortgage lender in the US, is the latest mainstream company to embrace crypto. A report unveiled this news on August 17, referencing the company’s Q2 earnings call on August 16. Reportedly, the firm is looking to integrate crypto payments before the end of the year. According to the report, […]
Companies Increasingly Adding BTC to their Balance Sheets as Blockchain adoption soars
A report released last week by auditing firm Deloitte shows that blockchain is increasingly becoming a major pillar for businesses to stay competitive with 73% of the respondents in the report noting concerns about their firms losing a competitive advantage without blockchain adoption. What’s more, 81% of the surveyed financial services believe that blockchain technology […]
Afghans increasingly embrace Bitcoin as an economic crisis looms
Afghanistan has recorded significant Bitcoin adoption this year. A report unveiled this news, citing the Google Trend monitoring service and Chainalysis’ 2021 Global Crypto Adoption Index. Reportedly, the country began shifting to crypto after the Taliban started taking over the country earlier this year. According to the report, the Google Trends monitoring service shows that […]
Cool Valley mayor starts initiative to give city residents up to $1K in BTC
Jason Stewart, the mayor of Cool Valley, intends to offer more than $1 million worth of BTC to the city’s roughly 1,500 residents. He unveiled these bullish plans during an August 19 interview with KSDK, a St. Louis news outlet. With this initiative set to start before the end of this year, Stewart said he […]
Facebook says it can solve the financial exclusion puzzle if regulators let it
David Marcus, the Head of Facebook’s Financial Services Division, believes that Facebook and the Novi Wallet can help address the problems that plague the financial system. He shared this information through a blog post on August 18, noting that the current payments system has multiple flaws that either side-line or underserve a large percentage of […]
With $69 Billion Value, ADA Becomes The Third Biggest Digital Asset
Although Cardano’s native token is a little unknown in the crypto market in terms of its popularity, ADA is now the third-biggest digital asset, with the network developers embracing to enjoy the boom in decentralized finance. With the crypto asset making more than 50 percent gains over the last week, many experts are optimistic that […]
Legendary Lionel Messi joins PSG, Decides To Include Fan Crypto Tokens In His Contract
As one of the world’s most famous soccer players from Argentina, Lionel Messi, ended his more than two decades of the gig with FC Barcelona, he has signed a two-year contract with the French club Paris Saint-German. Reuters reported that Messi included the PSG fan crypto tokens in his payment deal with the football club. […]
Brazil’s Carbon Neutral Bitcoin ETFs Follows a Growing Trend of Green Crypto Funds
According to a forecast by Anthony Scaramucci who is the founder of Skybridge (a global investment firm) the Bitcoin mining industry “will be fully renewable by the end of the decade.” This comes at a time when Hashdex, a crypto-focused investment firm based in Brazil, has pledged to make its new Bitcoin (BITH11) ETF “carbon […]
Robinhood Joins PayPal to increase its crypto offerings
The revolutionary capabilities of decentralized finance through cryptocurrencies are undeniable even for centralized, traditional finance applications such as Robin Hood and PayPal. In fact, 17% of Robinhood’s revenue in the first quarter of 2021 was on the backdrop of a crypto trading trend, with reports showing a staggering 34% of RobinHood’s revenue being in crypto, […]
New Era in DeFi and NFT as Predator Token Finally Launches on PancakeSwap
The second phase of the Predator Token project has just begun with a PancakeSwap listing as pundits applaud Predator’s formidable tokenomics. Predator, touted as a meme token to kill all other meme tokens, is set with an ultimate goal of hitting a market cap of $1Billion. The token project is built on the increasingly famous […]
Bitcoin OTC desks buzz as analyst warns big players ‘want your Bitcoin’
Markets for digital currencies have started gaining ground again, surpassing the lows we have seen so far in the last couple of weeks. “Some wealthy people with very high net worth [and] institutions want your bitcoin (BTC),” said the 21st Paradigm co-founder earlier this week, as many cryptocurrency traders discussed over-the-counter (OTC) desks bursting at […]
Bitcoin Price Spikes After Amazon Rumors Surfaced
The price of the leading cryptocurrency Bitcoin jumped by more than 15% in a day less than two weeks ago after rumors that Amazon, the e-commerce giant, was looking into integrating the currency as a payment option for its customers. It all began on July 23 when a job listing by the company looking for […]
Regulators tighten focus on Stable coins: what this means for the crypto market
Stablecoins were the focus in a meeting assembled this past week by U.S. Treasury Secretary, Janet Yellen, together with Federal Reserve chairman Jerome Powell, SEC chair Gary Gensler and CFTC chair Rostin Behnam. In a continued move by government officials to raise alarms over stablecoins, Yellen told regulators that it was crucial for the U.S […]
Coinbase is on track to launch an app store for DApps With Polygon support
According to Coinbase, more than a million of its wallet users also use DeFi protocols such as Compound, Aave, Uniswap not to mention popular NFT marketplaces such as Zora and OpenSea. Now a publicly traded company, Coinbase announced on its blog that its wallet platforms would now support the Polygon Network (an Ethereum layer 2 […]
Ripple gains strength against the SEC opening possibilities for regulatory clarity
Seven months after its legal battle with the Securities and Exchange Commission, Ripple Labs is still struggling to prove that it did not sell unregistered securities. On December 22 in 2020, the U.S. regulator moved to sue Ripple in an ill-conceived enforcement action poised to become a defining cryptocurrency trial of the decade. However, the […]
Paraguay’s Bitcoin bill: Will more countries accept Bitcoin as legal tender?
After El Salvador’s audacious move to accept Bitcoin as legal tender in June, Paraguay seems to be next in line in a wave of interest that has caught lawmakers across the region. Just recently, El Salvador passed a new law that would make the Central American country, albeit small, the world’s first jurisdiction to deem […]
