Singapore’s largest bank, DBS, has announced another move to expand its crypto services while remaining cautious in complying with the financial authorities’ view that crypto assets are not suitable for retail investors in the country. On Friday, the bank disclosed its decision to expand crypto trading services on its digital exchange (DDEx) to approximately 100,000 “wealth
sponsored One of the core principles of web3 gaming is the idea of decentralisation–more specifically, decentralised ownership of assets. But, the teams at Unix Gaming & Delysium believe that by limiting decentralisation to assets, developers have also been limiting themselves. What started as a desire to create a genuinely next-gen open-world title, even attracting investment
On Sept. 26, the British pound hit a record low against the U.S. dollar following the announcement of tax cuts and further debt increases to curb the impact of a possible economic recession. The volatility simply reflects investors’ doubts about the government’s capacity to withstand the growing costs of living across the region. The U.S.
Russian President Vladimir Putin reportedly granted citizenship to United States National Security Agency whistleblower Edward Snowden, who had been residing in the country since 2013. According to a Monday report from Reuters, Putin signed a decree effectively changing Snowden’s legal status in Russia from permanent resident to citizen. The NSA whistleblower has been in exile
Bitcoin (BTC) volatility edged higher during Sept. 26 as the Wall Street open avoided significant losses. Monthly close tipped to shake up BTC price Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $19,000 on the day, with hourly candles of 1.5%–2% not uncommon. The pair was expected to break out of its narrow
Since the completion of the Ethereum Merge, sentiment among the community has remained positive. There had been no withdrawal mechanisms coded into the hard fork, which meant that the feared dump of millions of ETH into the market did not happen. What had happened is that the amount of ETH that was being staked on
Terra classic rose by over 40% on Monday, as markets reacted to the news that founder Do Kwon was wanted by Interpol. Cosmos also traded higher, rebounding from recent declines. Terra Classic (LUNC) Terra classic was one of Monday’s most notable movers, as the token rose by over 40% to start the week. Following a
When Redditor Joe Greene started the Top 10 Cryptos experiment in 2018, he bought $1,000 of Dash, NEM and Iota, among others, only to watch it crash to $150. But five years on, his experiment has paid off big time. The rules: Buy $100 of each of the top 10 cryptocurrencies on Jan. 1, 2018,
Cardano’s (ADA) long-awaited Vasil update went live on Sept. 22, which promises to make its blockchain more scalable and cheaper than before. However, this has failed to bring bullish momentum to the ADA market. Sell-the-news hampers Cardano ADA’s price has dropped by approximately 9.5% since the update and was changing hands for $0.43 on Sept.
The successful Ethereum upgrade to proof-of-stake consensus is receiving more backlashes from the market. Therefore, the Ethereum upgrade should produce only positive feedback, but where there are merits, demerits must exist. One of the aftermath challenges the industry faced since the Ethereum upgrade was the drop in GPU prices. Graphic Processing Units (GPUs) in crypto
Bitcoin started the week trading below $19,000, as recent economic pressures continued to weigh on cryptocurrency markets. The token fell lower in today’s session, as market sentiment remained bearish following last week’s rate hikes by the U.S. Federal Reserve. Ethereum was also lower, falling below $1,300. Bitcoin Bitcoin (BTC) slipped below $19,000 to start the
To support the Terra community’s efforts to revive the Terra (LUNA) — now renamed Terra Classic (LUNC) — token, crypto exchange Binance announced an off-chain burning mechanism last week. However, after receiving mixed reactions from community members, the exchange revised its burning approach. On Sept. 23, Binance CEO Changpeng Zhao wrote that the exchange will
Charles Hoskinson, the founder of the Cardano and co-founder of the Ethereum blockchains, got into a war of words with Ethereum developers on the implementation of proof-of-stake (PoS) consensus via Merge. On Sunday, Web3 investor Evan Van Ness shared an unpopular opinion, claiming that the Ethereum Merge could have been shipped earlier. Vitalik Buterin, the
The market capitalization of USD Coin (USDC), a stablecoin issued by U.S.-based payment tech firm Circle, has dropped below $50 billion for the first time since January 2022. On the weekly chart, USDC’s market cap, which reflects the number of U.S. dollar-backed tokens in circulation, fell to $49.39 billion on Sept. 26, down almost 12%
sponsored Ironbeam is a U.S. registered Futures Commission Merchant (“FCM”) which offers trading on crypto nano futures thanks to a partnership with Coinbase Derivatives. The brokerage charges no commission* on these Bitcoin and Ethereum contracts, as well as requiring low margin. Trade Cryptocurrency Nano Futures Contracts Headquartered at the Chicago Board of Trade, Ironbeam launched
As the Ethereum network’s move to a proof-of-stake (PoS) consensus mechanism drives adoption from institutional investors, the prices for graphics processing units (GPUs), often used for mining cryptocurrencies like Ether (ETH), have gone down in China. Following the historic Ethereum Merge on Sept. 15, the previously highly sought-out Nvidia GeForce GPUs have become significantly cheaper,
AC Milan, a popular soccer team in the Italian Serie A league and the current champion, announced the launch of a new non-fungible token (NFT)-based project. The organization established a partnership with Monkeyleague, a Solana-based Web3 soccer game, which became its official NFT partner to launch a new series of NFT branded game assets for
Making it to the list of countries that intend to launch an in-house central bank digital currency (CBDC), the Reserve Bank of Australia (RBA) released a white paper outlining an elaborate plan for conducting a pilot project for eAUD. On Aug. 9, 2022, the RBA announced a collaboration with the Digital Finance Cooperative Research Centre
Bitcoin (BTC) starts a new week staring down a wild macro environment after sealing its lowest weekly close in nearly two years. As risk assets across the global economy take a hammering and the United States dollar surges, the largest cryptocurrency is on a limp footing. September, having started out on the bulls’ side, is
The Ivorian payments financial technology (fintech) startup, Julaya, recently concluded its pre-Series A round with an additional $5 million capital raise. This brings to $7 million the total capital that the fintech startup, which specializes in business-to-business payments, has raised in this series. Senegalese Footballer Édouard Mendy Participates in the Series An Ivory Coast-based payments