KEB Hana Bank, one of the biggest banks in South Korea, has partnered with BitGo Trust Company, a leading crypto custody provider, to begin providing custody services. Yonhap, a South Korean news agency, claimed that KEB Hana Bank and BitGo have reached a strategic business deal to build up digital
September 5, 2023 1 min read
After breaking below the support level of $26,000 earlier this week, Bitcoin is still under selling pressure. However, for few traders this would be a good moment to purchase the dips. The latest CoinShares data shows that institutional investors remain divided on the cryptocurrency market, with mild inflows and outflows
September 5, 2023 1 min read
Some members of the community are concerned that Lido Finance now controls almost a third of all staked ETH. They argue that Lido’s growing influence is threatening Ethereum’s decentralized nature. Dune Analytics reports a 95% increase in the total amount of ETH staked over the last year, from $22 billion
September 4, 2023 1 min read
There has been a notable uptick in the number of transactions made to distinct addresses on the Ethereum network, with the daily peak hitting 467,000. This notable uptick is a potent sign of growing prominence. Investors have been keeping a close eye on Ethereum network activity since the first Ethereum-based
September 4, 2023 1 min read
According to Reuters, the Worldcoin’s headquarters in France’s capital city has been subject to “checks” by the National Commission on Informatics and Liberty (CNIL). These occur at a time when regulatory pressure is mounting throughout the world on the crypto project. CNIL is an independent French government agency responsible for
September 3, 2023 1 min read
Early indicators for XRP for the month of September suggest promising things to come. According to Santiment, an on-chain analytics company, XRP’s on-chain volume was at a seven-month high to start the month of September, its circulation was at a three-month high, and development activity was very strong. The analytics
September 3, 2023 1 min read
Yes Bank recently stated that the Reserve Bank of India’s (RBI), the digital rupee, will have improved usage. This will be made possible by the bank’s integration of digital rupee with UPI. Customers of Yes Bank may now use their smartphones to pay for goods and services using the digital
September 2, 2023 1 min read
Rune Christensen, MakerDAO founder, wrote a blog for the MakerDAO community, in which he outlined the fifth and final step of the Endgame as recreating the MakerDAO protocol on a fresh independent blockchain. Even though MakerDAO has been running on Ethereum since its inception. The next new native chain will
September 2, 2023 1 min read
In dismissing a class action lawsuit against the DEX, Uniswap, a judge in the United States District Court described Ether as a commodity. On August 30, Judge Katherine Polk Failla dismissed a lawsuit filed by Uniswap users who claimed they lost funds on the platform owing to scam tokens by
August 31, 2023 1 min read
Cardano’s founder, Charles Hoskinson, recently released a video in which he elaborated on his position about his involvement with NFT initiatives inside the Cardano ecosystem. When asked about the Apes Society artwork prominently displayed in his Colorado office, Hoskinson said it was a gift and that he had not been
August 31, 2023 1 min read