Day: 18 November 2022

Ripple, a cryptocurrency payments platform based in the United States, is seeking regulatory approval in Ireland in order to enter the European market.  According to CNBC, Ripple General Counsel Stuart Alderoty stated that "effectively, Ripple is operating outside of the U.S." today due to the fallout from its extensive legal ...

Emurgo, the official investment arm of the Cardano blockchain, is set to launch USDA, a stablecoin, next year. USDA will be the Cardano ecosystem's first regulated, fully fiat-backed stablecoin.  Although most stablecoins are backed by other assets, they are not regulated. This signals a shift in the cryptocurrency status quo.  ...

Bitcoin ($BTC) Bitcoin recently surpassed $17,000 for the first time in quite a while. The release of the US PPI and positive sentiments from Twitter CEO Elon Musk preceded the bullish price action.  The US PPI shows that inflation is slowing, which is good news for Bitcoin. "Bitcoin will survive, ...

The Securities Commission of the Bahamas has taken complete control of FTX Digital Assets. On the 17th of November, a press statement announcing the new user guidelines was made available to the public.  The Securities Commission transferred all of FTX's digital assets to a wallet under its control. The Digital ...

The Sky Swans, a creative platform and community aimed at bringing NFTs, digital artists, and music into the real world, announced the launch of its brand today. Sky Swans will bring innovators and creators together, highlighting the value of their work and enabling them to take advantage of emerging blockchain ...

Solana (SOL) is down 5.46% in the last 24 hours after Binance and OKX announced on Thursday that Solana USDT (SOL) and USDC (SOL) deposits would be suspended. The token is currently worth $13.64. This move comes after Crypto.com also halted USDC (SOL) and USDT (SOL) deposits, citing recent industry ...

Sensorium, the company behind the Sensorium Galaxy Metaverse, has announced a partnership with Polygon Studios. This partnership will help accelerate the development and adoption of Web3 projects. The partnership was also announced on Twitter. ???????? @SensoriumGalaxy Teams up with @polygonstudios to Build a #Metaverse of Immersive Entertainment Experiences✨ Partnering with ...

The DeFi industry is becoming increasingly complex with the constant introduction of new protocols and dApps. This means that there are always new ways to make money in the DeFi space, but getting there may require navigating multiple protocols and layers.  This can result in longer wait times for each ...

There are two primary interest rates in the cryptocurrency market; the Annual Percentage Yield (APY) and the Annual Percentage Rate (APR). Both APY and APR measure interest earned over a year, but APY includes compound interest in its calculation, while APR does not. APR and APY are important concepts to ...

The New York Innovation Center (NYIC) of the Federal Reserve Bank of New York announced on Tuesday that it would take part in a 12-week Proof-of-Concept project for central bank digital currency (CBDC) in collaboration with commercial banks. The New York Fed stated in the announcement that the project would ...