The cryptocurrency market at the moment accounts to more than 2% of the overall money supply globally. This has been made possible by the constant growth of the DeFi market and its platforms. This is a remarkable achievement for the complete crypto industry and market. DeFi paves the way even
Diem Association announced its partnership with crypto-friendly bank Silvergate. Diem formerly known as Facebook’s Libra project. Association withdraws an application for payment system license in Switzerland. Diem Association, a blockchain-based payment system announces its partnership with Silvergate to launch U.S. dollar-denominated Stablecoin. Stablecoins are cryptocurrencies, whose value ties to other
Elon Musk and Tesla officially announced today, May 13th to cease Bitcoin as a source of payment for Tesla’s products. This announcement completely shattered the whole crypto industry, turning down the price of Bitcoin abundantly. Upon this announcement, Bitcoin suffered a huge drop of 15%, from $55,000 to $46,600. All
AML and Banking regulations are a threat to the Big 4 crypto exchange. More than 100 smaller exchanges are expected to close. Due to AML protocol, Banks are unhappy. Anti-money laundering(Aml) and banking regulations newly imposed by South Korea, causing tensions that have even left the big four domestic crypto
Non-fungible tokens (NFTs) are playing a huge role in the market. However, there are few wondering whether NFTs worth the money or the hype. More so, few experts say NFTs are a bubble poised to pop. Now let’s deep dive into what is NFT. What is NFT? A non-fungible token
Ether hits $3000 for the first time in history. Ether has the chance to overtake Bitcoin. Ethereum (ETH) hits $3000, for the first time in history an altcoin has reached this high price. At the time of publication, Ether has reached $3,003 on Binance. The price of ETH has reached
The SEC filed a lawsuit against Ripple in December. Kitao said that after the lawsuit Ripple will go public. The ongoing case is favored by Ripple. The Security and Exchange Commission(SEC) formally filed a lawsuit against Ripple in December for $1.3 billion in sales of an unregistered security. One of
Paxos has raised a $300 Million Series D Funding round with a $2.4 billion valuation led by Oak. Investors incorporate PayPal Ventures, Declaration Partners, Mithril capital, and many other reputed firms. Paxos supported launching cryptocurrency trading on Venmo last week. PayPal crypto partner Paxos has raised a $300 million Series
Cardano (ADA) becomes the payment method for Bitcasino. Bitcasino introduced ADA as the seventh cryptocurrency. Minimum deposit and its withdrawal. Cardano’s (ADA) cryptocurrency is added as a payment method by Bitcasino.io, which allows its users to enjoy casino games. The best Bitcoin casino in the industry is Bitcasino.io, in which
Bitci Technology made an agreement with McLaren racing. In addition to the agreement Bitci put a special token project. The agreement will be valid for multi-years. Bitci Technology has made an agreement with McLaren Racing, one of the most successful teams in formula 1’s history in the note of Blockchain
