September 26, 2022

[ad_1] Cryptocurrency exchanges FTX, Binance and CrossTower are competing to acquire beleaguered crypto lender Voyager Digital’s assets out of bankruptcy, according to insider sources.  According to details published by former investment banker and angel investor Simon Dixon, the three exchanges are competing in an auction to acquire Voyager Digital, and have each proposed their own …

FTX, Binance and CrossTower are competing to buy Voyager Digital assets: Source Read More »

[ad_1] The presence of big players in the nonfungible tokens market might evangelize newbies, but they do not lead to mass adoption or innovation, claimed Tony Ling, co-founder of NFTGo in a conversation with Cointelegraph. Major developments, such as Adobe’s acquisition of Figma, would potentially impact creators per the combination of both the companies’ features. …

Innovation will drive NFT adoption despite mainstream presence: NFTGo founder Read More »

[ad_1] It’s been nearly two weeks since Ethereum made its historic transition from proof-of-work to proof-of-stake, and some ex-ETH miners say they remain clueless on how to move forward.  Following the Merge, many took to crypto Twitter to discuss what they believe will happen to these former Ethereum miners. On the day of the merge, …

The path moving forward for ex-Ethereum miners remains unclear Read More »

[ad_1] After the mining failure involving its stablecoin aUSD, the Acala Network announced on Monday that it had resumed its operations following a referendum allowing LPs to withdraw liquidity from pools or unstake LP tokens. The community referendum for Stage 1 of resuming Acala operations has passed and been executed. LPs who choose to unstake …

Acala Network to resume operations after burning 2.7B in aUSD stablecoin Read More »

[ad_1] The European Central Bank (ECB) needs a wholesale central bank digital currency (CBDC) because market players expect it, ECB executive board member Fabio Panetta told a banking symposium in Germany on Monday. Two options for wholesale CBDCs are currently under consideration.  Wholesale CBDC is not a new concept, Panetta said. Eurosystem’s Target2 uses a …

ECB should have DLT wholesale settlements when the market wants it, official says Read More »

[ad_1] 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 …

Is it Bitcoin’s time to shine? British pound drops to all-time low against the dollar Read More »

[ad_1] According to DeFi Llama, UwU Lend, a decentralized finance, or DeFi, protocol that acts as a money market on the Ethereum blockchain, has surpassed $50 million in total value locked (TVL). The non-custodial protocol was created by Michael Patryn, known by the pseudonym “Sifu,” who was the co-founder of defunct cryptocurrency exchange QuadrigaCX. UwU …

DeFi lending protocol created by ex-QuadrigaCX co-founder surpassed $50M in TVL Read More »

[ad_1] 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 …

Pro-centralization Russian president grants citizenship to Edward Snowden: Report Read More »

[ad_1] After several delays and some setbacks, Cardano’s long-awaited Vasil upgrade finally went live on Sept. 22. From the outside looking in, the hard fork is designed to help improve the ecosystem’s scalability and general transaction throughput capacity as well as advance Cardano’s decentralized applications (DApps) development capacity.  To commemorate the event, an announcement was …

What Cardano’s Vasil hard fork means for the blockchain Read More »

[ad_1] 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 …

Cardano bulls run out of steam after Vasil hard fork — 40% ADA price crash in play Read More »