In an X post (formerly Twitter), Num Finance has released a stablecoin pegged to the Colombian local currency. The announcement revealed that the stablecoin dubbed nCOP was centered on the Polygon network. The nCOP aims to transform the remittance market, which has…
The cryptocurrency market has been down for months now, but the bearish trend got worse recently with Bitcoin dropping below $26,000. It was the first time the top cryptocurrency dropped below this level since March. However, the market has seen a slight…
As the world continues to see high cryptocurrency adoption, South Korean crypto enthusiasts have demonstrated a growing interest in Ripple’s native token, XRP. A report featured on the South Korean media outlet “News 1 Korea” reported that the Generation Z crypto investors…
On Wednesday, August 23, the lead engineer at Unstoppable Domains (UD), Aaron Quirk, announced launching of an instant messaging platform for improving communications in the decentralized sector. The announcement conveyed by the engineer confirmed that the Web3 usernames will access the newly…
Bitcoin has been trading sideways for days after crashing below $26,000 for the first time since March. This has led to a general crash in the crypto market as altcoins follow Bitcoin’s trends. As a result, many investors have become pessimistic. It…
An X post by the Binance customer service department revealed that the world’s largest crypto exchange by daily trading volume will suspend the Euro withdrawals and deposits made through the Single Euro Payments Area (SEPA). The August 20 tweet stated that the…
The Melbourne-based crypto lending company Maple Finance has yielded $5 million in a funding round led by Tioga Capital. An August 22 report revealed that other key players in the digital sector, including Blocktower Capital, Veris Ventures, GSR, and The Spartan Group,…
World’s biggest crypto exchange, Binance has launched its Binance Pay service in the Latin American country of Brazil. The new service will enable local merchants to offer a new alternative for payment that may attract new customers, increase processing speed, and reduce…
On Tuesday, August 22, the Oman Ministry of Transport, communication, and information technology (MTCIT) officially launched an innovative data hosting and crypto mining center. The launching event was preceded by Hamoud al Maawali, an engineer at MTCIT. The new mining center is…
An announcement conveyed by the chief executive officer of Hive Digital, Aydin Kilic, revealed that artificial intelligence and blockchain technology have massive potential to transform the Web3 sector. The CEO stated that AI and blockchain are the core pillars of Web3 development….
The crypto market has been interesting in the last few weeks. After sustaining a bearish momentum for weeks, the market turned green recently, with assets experiencing a short relief. The relief rally is however long over, and the bearish momentum has kicked…
Top global crypto exchange Huobi has entered a strategic partnership with financial charting platform, Tradingview to integrate crypto trading data to the exchange. The partnership will enable Huobi users to directly view the real-time prices of cryptocurrencies on Huobi with TradingView. Tradingview…
On Thursday, August 17, the Mastercard team announced plans to collaborate with Ripple and other payments companies to support the implementation of the central bank digital currency (CBDC). The Mastercard report demonstrated that the leading payment platform is interested in developing the…
An official announcement by the head of research at LiFi, Arjun Chand, revealed that the multichain bridging protocol launched a multi-message aggregator to support the decentralized autonomous organization’s (DAO) performance. The new aggregator has defensive features to prevent governance attacks from the…
Ledger, a leading security company and PayPal, a leader in global payments, have entered a partnership that will make it easier for PayPal users to access the crypto space. The partnership announced by Ledger, will provide a secure and user-friendly way to…
Leading crypto exchange and Web3 technology company, OKX and leading provider of algorithmic trading strategies and execution management, CoinRoutes, are working on bringing trading services to institutional clients. The duo announced the new development yesterday 17 August, which is an extension of…
In an advanced report, the leading stablecoin issuer, Tether, revealed that the firm has invested in creating innovative software to improve Bitcoin mining activities. The proposed software will support Bitcoin mining operations that leverage data analytical tools and renewable energy. Addressing the…
In a wide-ranging interview with CNBC titled Squawk Box, the head of research at Fundstrat, Tom Lee, projected that approving the pending Bitcoin spot exchange-traded funds (ETFs) application will trigger the Bitcoin prices to garner bullish momentum. The analyst anticipates that the…
Top global crypto exchange Coinbase has secured regulatory permission to offer crypto futures trading services in the U.S. The approval coming from the National Futures Association (NFA), allows Coinbase Financial Markets, Inc. to operate a Futures Commission Merchant (FCM) and offer eligible…
It is no longer news that the securities and exchange commission (SEC) in the U.S. led by Gary Gensler is aggressively pursuing crypto regulations enforcement. What’s new is that the agency is extending its focus to artificial intelligence, thus focusing on AI…
