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Search Results for: crypto market

Top 5 Cryptocurrency Gainers of the Day

Top 5 cryptocurrencies by an increase in price are EOS, SNX, LDO, AAVE, and NEXO. EOS increased around 17% in the last 7 days. The whole cryptocurrency market experienced a massive crash as a result the top cryptocurrencies fell into the gloomy market. However, the crypto market recovering from more

August 22, 2022 3 mins read

FTX CEO Sam Bankman-Fried Backs US Crypto Derivatives

First launched in 2019 as a derivatives exchange, FTX has since branched out. The cryptocurrency exchange completed the purchase of Ledger Holding in 2021. FTX CEO Sam Bankman-Fried insists that his focus remains on LedgerX (now rebranded as FTX US Derivatives). In October 2021, the cryptocurrency exchange completed the purchase

August 20, 2022 1 min read

Crypto Lending Platform Hodlnaut Fires 80% of Working Staff

Hodlnaut had $187 million in TerraUSD before it crashed to $0. The company reiterated that it had not placed any assets with Celsius. Hodlnaut, a cryptocurrency lending platform, froze withdrawals, token swaps, and deposits on August 8 citing market circumstances.  The troubled company seeks Singapore creditor protection on Tuesday to

August 20, 2022 2 mins read

E-commerce Giant Mercado Libre Launches Own Cryptocurrency

Market participants will be eligible for rebates on their purchases utilizing the token. The technology underpinning the token was created by Ripio. E-commerce giant, Mercado Libre, has launched its own cryptocurrency. As an ECR20 token, the established standard for tokens developed on the Ethereum blockchain, the firm has released Mercado

August 19, 2022 1 min read

Ripple Partners With Travelex Bank To Enable Crypto Payments

Travelex Bank will be the first in Latin America to use the Ripple payment service. There is no need for funds to be pre-funded in the target market. It was determined that RippleNet’s On-Demand Liquidity in Brazil would be best served by a relationship with Travelex Bank. Through this cooperation,

August 18, 2022 1 min read

UK Financial Conduct Authority (FCA) Grants Crypto.com Registration Approval

Crypto.com, the most rapidly expanding cryptocurrency platform globally, has now revealed that it has been officially recognized as a crypto asset firm by the UK’s Financial Conduct Authority (FCA). With this authorization, Crypto.com may provide a full range of services to consumers in the UK while adhering to all applicable

August 17, 2022 1 min read

Owners of Meebits and CryptoPunk Can Now Transact Using NFTS

Yuga Labs released an IP licensing agreement for CryptoPunks and Meebits. NFT holders granted total commercialization rights. Non-fungible token (NFT) owners from CryptoPunk and Meebits can now build business ventures and products using their NFTs. On Monday, Yuga Labs made available for download to owners of CryptoPunk and Meebits NFT

August 17, 2022 2 mins read

Brazil Witnesses Introduction of New Crypto Trading Platforms

In September of last year, Mynt’s release was announced. Key Brazilian broker XP has also shifted its focus to the cryptocurrency market. Bitcoin (BTC) and other cryptocurrencies have been widely adopted by people throughout the globe, and Brazil has become a major hub for the sector. Many smaller banks were

August 16, 2022 2 mins read

Cyprus SEC Grants Revolut Permission To Offer Crypto Services

The European digital bank has increased its backing for cryptocurrencies in recent days. Revolut is the pioneer recipient of the commission’s crypto asset authorization. The Cyprus Securities and Exchange Commission (CYSEC) has given Revolut permission to provide cryptocurrency services to European consumers. This makes Revolut the pioneer recipient of the

August 15, 2022 1 min read
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