In a recent email sent to select users on August 14, PayPal made an announcement that has left cryptocurrency enthusiasts in the U.K. disappointed. The message stated that the popular payment platform will temporarily pause crypto buying services in the country starting from October 1, 2023, with the intention to resume at an unspecified date
AllianceBlock, a leading DeFi infrastructure provider, recently announced the launch of Nexera decentralized exchange (DEX) on Ethereum’s layer2 network, Arbitrum One. This integration comes with the added benefit of incorporating Uniswap liquidity, enhancing accessibility and liquidity for various digital assets. The launch of Nexera DEX demonstrates the ongoing efforts to improve DeFi infrastructure and make
In the world of blockchain and cryptocurrency, a groundbreaking project called Chimpzee has emerged, bringing together the realms of passive income and conservation. This green web3 initiative is currently in the midst of a highly successful presale, aiming to raise funds for the development of its crypto ecosystem. To date, Chimpzee has raised nearly $1.2
The gaming industry is on the cusp of a revolutionary transformation with the introduction of Web3 gaming. Zynga, a renowned mobile game developer and publishing label under Take-Two Interactive Software, has recently made a groundbreaking move by unveiling its venture into the world of Web3 with the launch of “Sugartown.” This bold step not only
Bitcoin, the world’s leading cryptocurrency, has been experiencing a period of unusually low volatility. With the price hovering around $29,000, experts are closely monitoring the market for signs of a potential breakout. This prolonged period of stability is reminiscent of a similar phase in 2016, indicating that a significant price movement may be on the
The cryptocurrency industry is eagerly awaiting a potentially momentous decision from the Securities and Exchange Commission (SEC) regarding Grayscale Investments. This decision, expected to be announced in the coming days, could have significant implications for the approval of Bitcoin exchange-traded products (ETPs). All eyes are on Blackrock’s recent filing, along with other asset managers, adding
On August 14th, RocketSwap Labs experienced a devastating brute force hack that resulted in the loss of $865,000 or 471 Ether (ETH) from their protocol. The hacker was able to exploit vulnerabilities in the system and successfully transfer the stolen assets to Uniswap along with 400 ETH. This news was later confirmed by RocketSwap Labs
The Monetary Authority of Singapore (MAS) has recently unveiled a revised regulatory framework aimed at ensuring stability for single-currency stablecoins (SCS) in the city-state. With the rise of digital assets and the increasing popularity of stablecoins worldwide, this framework seeks to provide a safe and secure environment for stablecoin issuers and users alike. Under the
The recent announcement of Coca-Cola’s Masterpiece NFT collection on Coinbase’s Base network has sparked significant interest in the evolving world of non-fungible tokens (NFTs). With over 100 decentralized applications (DApps) and service providers now hosted on Base, this launch marks a pivotal moment for both Coca-Cola and the NFT industry as a whole. The Coca-Cola
Chainlink, a decentralized oracle network, has extended its integrations to a total of 12 projects by partnering with Base, a Coinbase-incubated layer-2 network. This collaboration opens up new opportunities for developers building on the layer-2 blockchain, granting them access to Chainlink Data Feeds and other web3 services. With its native integration into Base, Chainlink offers
In a bold move to tap into the growing cryptocurrency market, PayPal has recently unveiled its very own stablecoin, PYUSD. This new digital currency aims to revolutionize the way people transact and support online platforms and creators. With the promise of faster, more efficient, and more cost-effective transactions, PayPal is positioning itself as a major
The Bitcoin Frontier Fund, previously known as Stacks Ventures, has made a groundbreaking move in the blockchain industry by launching the first-ever Bitcoin Ordinals accelerator program. This distinctive initiative aims to support startups that are spearheading innovation in the field of Ordinals. The program offers an enticing package including seed funding, access to funding pipelines,
The crypto industry is constantly evolving, and innovations in technology continue to push the boundaries of what is possible. One emerging trend is the integration of artificial intelligence (AI) into crypto platforms, and yPredict is at the forefront of this movement. With global investors backing the project, yPredict has secured an impressive $3.4 million in
Bitcoin mining has been experiencing significant growth in recent times, with the blockchain network reaching an all-time high in hash rate during the second quarter of this year. This surge in mining activity has resulted in an increase in mining revenue, driven by a spike in transaction volume for Bitcoin. Riot Blockchain, one of the