Market

Twitter Is supposedly working on a crypto wallet product

October 25, 2022 1 min read

This week, Twitter is stepping up its efforts to become a web3 frontrunner. A new web3-based crypto wallet for the social media firm is in the works, according to allegations first emerged by established software frontend programmer Jane Manchun Wong. According to famous tech writer Jane Manchun Wong, Twitter is developing a “wallet prototype” that would allow users to deposit and withdraw cryptocurrency. Last September, Twitter introduced a tool that

LocalCryptos, a crypto exchange, has stop operations due to the bear market

October 24, 2022 2 mins read

LocalCryptos, a peer-to-peer (P2P) cryptocurrency exchange, has announced plans to depart the market after five years of operation, becoming the latest casualty of the extended bear market. LocalCryptos stated in a blog post published on October 21 that the planned cessation of operations was voluntary, citing many factors, including the broader crypto market implosion and regulatory uncertainties. The team said in the blog, We want to make closing down as

Crypto exchange Yellow Card acquires the first-ever virtual asset license

October 24, 2022 1 min read

Yellow Card, an African cryptocurrency exchange, has acquired major regulatory authorization to continue expanding its operations across the continent. According to a blog post, Yellow Card has received a virtual asset service provider license (VASP) from the Non-Bank Financial Institution Regulatory Authority of Botswana (NBFIRA). Yellow Card is now officially authorized to sell and acquire Bitcoin (BTC), Ether (ETH), and Tether (USDT) stablecoins in exchange for Botswana pula, the local

FTX founder SBF reveals why FTX is yet to list Cardano

October 24, 2022 1 min read

FTX’s founder challenged people who believe he is lying to wager on whether FTX would list Spot ADA within the next three months. According to SBF, FTX International currently lists ADA perpetual contracts, and adding spot ADA is on the exchange’s agenda. SBF made the statement in response to a Cardano investor who claimed that FTX refused to list the digital asset because it is “a danger to everything they

FTX exchange gets approval from the Bankruptcy Court to purchase the Voyager Digital assets

October 24, 2022 1 min read

A U.S. bankruptcy court has granted FTX permission to take over the assets of insolvent crypto platform Voyager Digital. The platform said in a statement that the United States Bankruptcy Court for the Southern District of New York approved Voyager Digital’s “entry into the asset purchase agreement between FTX US and Voyager.” In the statement, Voyager said, “FTX US’s bid, valued at approximately $1.422 billion, is comprised of (i) the

Cardano’s founder promises that “Something Special” is coming in November

October 24, 2022 1 min read

Cardano founder Charles Hoskinson teased the Cardano community earlier today with a surprise announcement. Without going into greater detail, the popular crypto enthusiast and founder of Cardano, predicts that “something spectacular” is coming in November. Charles Hoskinson included an animated GIF of the character Professor Farnsworth from the 1999 cartoon TV show Futurama saying “Good News Everyone!” The meme is frequently utilized by anyone who discusses anything positive. After months

Crypto Market Expands More Prominently in the Middle East North African Sector according to study

October 23, 2022 2 mins read

The allure of cryptocurrency has pulled in investors from all over the world, with new investors widely expected to join the global phenomenon every year in hopes of making a killing. As expected, different regions are at different levels and capabilities of adoption. The Middle East and North Africa (MENA) region has been exceptional compared to all other regions. It has recorded the highest crypto transaction volume growth year on

Spain surpasses El Salvador to become the third in terms of largest crypto ATM center

October 22, 2022 1 min read

El Salvador, which has 212 crypto ATMs, is presently in fourth place due to Spain, which has 215 crypto ATMs, having surpassed it by 3 crypto ATMs. After the US and Canada, Spain is the official location of the third-largest network of Bitcoin (BTC) and cryptocurrency ATMs. El Salvador, which has 212 crypto ATMs, is presently in fourth place due to Spain, which has 215 crypto ATMs, having surpassed it

Twitter account for Gate.io hacked to spread phishing scam

October 22, 2022 1 min read

Hackers hijacked the Gate.io Twitter account to spread phishing attacks. Gate.io is one of the biggest cryptocurrency exchanges in the industry. The exchange’s official URL was changed by the hackers from Gate.io to gate.com, according to information currently available. Users who typed in the gate.com URL were sent to a landing page advertising a giveaway of $500,000 USDT. Because it offers hackers access to the wallet, users who connect their

Tether USDT is available in over 24,000 ATMs in Brazil

October 21, 2022 1 min read

Tether, a stablecoin issuer, has announced that SmartPay would increase the Brazilian population’s access to the popular USDT stablecoin by making it available at over 24,000 ATMs across the South American country. “The obstacles and constraints imposed by inflation and a less-than-inclusive banking system have prevented many Brazilians from participating in the country’s developing economy,” said Paolo Ardoino, CTO of Tether in a statement. The executive said, “Adding tether tokens

Justin Sun has committed $236 million to Dominican Crypto Reserves.

October 21, 2022 1 min read

The USDD algorithmic stablecoin is now listed alongside Huobi Cryptocurrency (HT), Huobi’s native token. USDD/HT, USDD/BTC, and USDD/ETH are currently available on the exchange. This is the latest phase in the exchange’s foreign expansion plan. This development comes as no surprise following the revelation of a shift in the exchange’s controlling ownership and the appointment of Tron/USDD founder Justin Sun to its Global Advisory Board. Following Sun’s entrance, Huobi launched

Draft Crypto bill Circulating in Secret could be a catalyst to DeFi

October 21, 2022 2 mins read

Crypto industry advocates had previously stated that a crypto bill they had come across would “kill DeFi.” The controversial legislature has seen an updated draft being released online. Initial reactions seemed positive, with commentators raving on about how the U.S. is “finally getting their act together.”  The bill is named the Digital Commodities Consumer Protection Act (DCCPA), with an updated version currently circulating online. Tones have once again changed with some