Kenya has the fourth-highest interest in cryptocurrency globally, a new research study by Broker Chooser has found. According to the study, only three countries — Ukraine, Russia, and the United States — have had higher searches for cryptocurrency in the last 12 months than Kenya. Crypto Searches in Kenya HighestContinue Reading
Consensys, the Ethereum-based software boutique, is aiming to get a valuation that could reach $3 billion dollars in its upcoming funding round. The company would be taking advantage of the bullish climate the industry is experiencing right now to achieve this important milestone. Also, Consensys is flexing its economic muscleContinue Reading
PRESS RELEASE. UniLend Finance published their protocol update blog introducing UniLend v2. The Binance Innovation Zone project has earlier this year enabled Lending for every token along with Flash Loans. The team published an initial blog explaining various innovative features in their upcoming version, which will equip UniLend to handleContinue Reading
The Bank of Spain, the central bank of the country, criticized the adoption process El Salvador chose when declaring Bitcoin legal tender last month. In a report titled “The role of crypto assets as legal tender: the example of El Salvador,” the bank examines several pain points the country encounteredContinue Reading
Customers can currently generate yields on Polkadot, Tezos and Cardano, but the bank said it planned to add more proof-of-stake protocols in the coming months. Customers of Swiss-based financial institution SEBA Bank will soon be able to earn yield on their crypto holdings. In an Oct. 13 announcement, SEBA BankContinue Reading
Australian authorities will be able to seize or freeze cryptocurrencies linked to cybercrime under new legislation. Australian lawmakers are taking a tougher stance against ransomware with a new plan that increases penalties for offenders. The new measures and proposed Surveillance Legislation Amendment announced by the federal government on Oct. 13Continue Reading
Instead of a safe harbor for crypto firms, SEC Commissioner Caroline Crenshaw called for a “bridge” in which crypto firms work with the SEC to determine compliance plans. Caroline Crenshaw, a commissioner at the U.S. Securities and Exchange Commission (SEC) has said the “safe harbor” proposal would have exacerbated theContinue Reading
The billion-dollar TVL has been driven by massive yields on the DeFi aggregation platform. The total value locked on the decentralized finance protocol Rari Capital has surged past $1 billion. The DeFi lending, borrowing, and yield generating protocol has surpassed the key milestone in TVL according to the app dashboard,Continue Reading
Guy Oseary has signed on to represent Yuga Labs in the entertainment sector, with the bored Ape Yacht Club NFT project slated to expand into music, gaming, tv and film. Guy Oseary, the manager of musical heavyweights U2 and Madonna has signed a representation deal with Yuga Labs to expandContinue Reading
Regulatory uncertainty could be the cause for yet more delays in the approval of long-awaited Bitcoin exchange-traded products. Crypto asset investors may have a longer wait for a Bitcoin futures exchange-traded product according to Todd Rosenbluth, the senior director of ETF and mutual fund research at research firm CFRA. SpeakingContinue Reading
Crypto exchange Binance has launched a $1 billion fund which it calls “the biggest funding program of its kind in the whole cryptocurrency industry.” The company aims for the fund to “push the adoption” of the Binance Smart Chain and “the whole blockchain industry.” Binance Launches ‘the World’s Largest CryptoContinue Reading
Cryptocurrency exchange Coinbase is launching a peer-to-peer marketplace for non-fungible tokens (NFTs). The Nasdaq-listed company says that “Coinbase NFT” will make “minting, purchasing, showcasing, and discovering NFTs easier than ever.” In addition, Coinbase says, “We’re going to grow the creator community exponentially, a win for artists and for fans.” CoinbaseContinue Reading
Americans are still concerned about dealing with inflation, as the cost of goods and services has continued to rise significantly in a short period of time. The Federal Reserve has published the latest Survey of Consumer Expectations report and U.S. households believe inflation will be up 5.3% one year fromContinue Reading
After pulling back from Bitcoin three years ago, Stripe is looking to re-enter the crypto sector. U.S. fintech giant Stripe is hiring a new blockchain team to enable crypto payments for its users. The $100 billion company is returning to the crypto sector three years after it pulled back fromContinue Reading
Innovation in the NFT space moves about as fast as the prices. Here’s a rundown of the most recent developments. Volatility continues to be the name of the game for nonfungible tokens (NFTs) amid the rollercoaster valuations and volume surges, but a new trend appears to be emerging in theContinue Reading