According to the latest Blockchain Industry Report released from DappRadar, the world’s leading app store for decentralized apps, although DeFi-based activity increased by 3.7% month-over-month, the industry’s TVL declined by 10.47%. Conversely, Ethereum scaling solutions have seen significant increases in their DeFi metrics amid the Merge, with Optimism being elevated
September 2, 2022 3 mins read
Since last year, when the crypto exchange spent $700 million on sponsorships. Crypto.com received a licence to operate in the UK recently. SportBusiness revealed earlier today that in the early part of the summer, Crypto.com backed out of a major sponsorship arrangement with the European Champions League (UEFA). The deal,
September 1, 2022 1 min read
The decentralized financial system Infinity Exchange has announced the launch of its Testnet, promising remarkable capital efficiency for traders, yield farmers, and real-money investors. Through its hybrid structure on the Ethereum blockchain, which executes computations and risk management off-chain, Infinity Exchange, an Institutional Fixed Income platform, promises to revolutionize the
September 1, 2022 3 mins read
To facilitate the expansion of Bybit as a gateway for retail and institutional USDC-settled products, the third largest crypto derivatives exchange by volume, Circle Internet Financial, a global digital financial technology firm and the issuer of USD Coin (USDC) and Euro Coin (EUROC), has partnered with Bybit. Bybit’s long-term goal
September 1, 2022 2 mins read
A Giant in the Ticketing Industry Today, Ticketmaster announced that they will be using Dapper Labs’ Flow blockchain to issue tickets as NFTs for certain events. The NFTs, which are proprietary blockchain assets, will serve mainly as digital collectibles and shareable “proof of attendance.” Over the course of the last
August 31, 2022 2 mins read
Interpol has begun the formalities necessary to extradite Zer back to Turkey. Local prosecutors are apparently seeking hundreds of years in prison. According to a statement released by the Turkish Ministry of Interior, the CEO of crypto exchange Thodex was apprehended in Albania. An international warrant was issued for Faruk
August 30, 2022 1 min read
Earlier this month, Ripple’s partner, Tranglo, revealed plans to expand into the gulf. The acceptance of Apple Pay and Samsung Pay is a major development. The first license for digital payments has been awarded by the Central Bank of Qatar. The licensing of two electronic payment service providers, iPay by
August 30, 2022 2 mins read
There are now 1,075 active projects on the Cardano blockchain. Cardano creator Charles Hoskinson said that the Vasil hard fork is imminent. According to Daniel Ribar, of IOG’s Project Catalyst’s Community/Product division, the Cardano Treasury Balance is now above 1 billion ADA. At the current currency rate, this amounts to
August 29, 2022 1 min read
SEC has filed an action against Ripple, arguing that the XRP coin is a “security.” It was reported that Kyle had approached the CEO about becoming an angel investor. Ripple’s CEO, Brad Garlinghouse, has publicly denied the claims made by whistleblower Crypto leaks. According to claims, Garlinghouse funded Kyle Roche
August 29, 2022 2 mins read
The claimed $40 million in fundraising will result in a $400 million value. The SEC opened a hotline for investors affected by the withdrawal bans. The Asian cryptocurrency exchange Zipmex has sought a meeting with the Securities Exchange Commission (SEC) of Thailand and other relevant authorities to examine the company’s
August 28, 2022 2 mins read