Cardano’s (ADA) recent drop in value reflects the overall crypto market’s decline and puts investors’ fortitude to the test. Profit-taking by investors reassessing their holdings in light of the market’s downturn is likely contributing to the current selling pressure. The Cardano Ballot, announced by Cardano co-founder Charles Hoskinson, will be
November 17, 2023 2 mins read
In an open letter published on Twitter, Nick Johnson, the founder and principal developer of Ethereum Name Service (ENS), urges blockchain domains firm Unstoppable Domains to relinquish a newly obtained patent or face legal action. Unstoppable Domains was issued its first patent (US11558344) in January, for a technology that leverages
November 17, 2023 2 mins read
The National Pension Service (NPS) of South Korea, the third biggest pension fund in the world, has put $19.9 million into Coinbase. For a pension fund that oversees over $755 billion, this transaction represents a substantial venture into the crypto sector. With this purchase, NPS takes its first tentative steps
November 16, 2023 1 min read
It was recently revealed that Henson Orser will be leaving his post as CEO of Dubai’s Virtual Asset Regulatory Authority (VARA). Meanwhile, VARA consultant and PwC partner Mathew White will be taking over as CEO. In a statement, VARA reportedly confirmed Henson Orser’s departure and stated their selection of Matthew
November 16, 2023 2 mins read
With the launch of a Reputation Score, blockchain for data firm Flare has announced a new collaboration with blockchain technology firm Bloxico to add community trust measures to the Flare network. Through the collaboration, a new platform will be created that combines objective on-chain data with subjective community-based metrics to
November 16, 2023 2 mins read
Commerzbank, a German bank, said on November 15 that it has received a cryptocurrency custody license from German authorities. Jörg Oliveri del Castillo-Schulz, chief operating officer of Commerzbank, stated that getting the license is an “important milestone.” Moreover, Commerzbank claims to be the first “full-service” German bank to get such
November 15, 2023 1 min read
Bank of America (BAC) stated in a research on Monday that central bank digital currencies (CBDCs) are on the horizon, but will not occur in the near future. The report found that 33% of the world’s central banks, representing 67% of nations and 98% of global GDP, are actively investigating
November 15, 2023 2 mins read
The U.S. Labor Department has issued the highly anticipated U.S. Consumer Price Index (CPI) data for October, which indicated that the U.S. inflation came in at 3.2% at an annual pace, as contrasted to the market forecast of a 3.3% spike. Meanwhile, the U.S. CPI fell in October after rising
November 14, 2023 2 mins read
Nexo has introduced simplified Futures trading on the Nexo Exchange, tailored specifically for crypto enthusiasts who are new to derivatives. The goal of the new product is to make the world of Futures accessible and informative for people who have until now only interacted with the spot market. In order to ensure
November 14, 2023 2 mins read
The National Stock Market Commission (CNMV), Spain’s primary securities market regulator, has warned against fraudulent crypto assets promotions on Twitter and reminded businesses that they must adhere to Spanish law. At a speech given by CNMV chief Rodrigo Valbuena on November 8 at the annual Deloitte conference for the Spanish
November 13, 2023 1 min read