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Mar 2, 2023 12:30 PM (2 years ago)

Lido’s Liquid Staking Protocol Dominates with $9.3B in Locked Ethereum, Boosted by Tron Founder’s Deposits

During the past 30 days, the total value locked (TVL) in Lido Finance’s liquid staking protocol increased by 10.57%, with 7.56% of the increase occurring within the last seven days. The protocol’s dominance in decentralized finance…
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Mar 2, 2023 9:30 AM (2 years ago)

US Treasury and White House to Hold Regular Meetings on CBDCs and Payment Innovations

On March 1, 2023, Nellie Liang, undersecretary for domestic finance at the U.S. Treasury, delivered a speech to the Atlantic Council in Washington concerning the subject of central bank digital currencies (CBDCs). Liang detailed during her speech…
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Mar 2, 2023 8:00 AM (2 years ago)

Russian Bank Issues Bank Guarantee in Chinese Yuan Using Blockchain

A bank in Russia has issued the country’s first blockchain-based bank guarantee denominated in Chinese currency. The financial institution underscored the advantages of using a digital form of the document and pointed out that demand for yuan…
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Mar 2, 2023 6:30 AM (2 years ago)

Over 20,000 Ukrainians Sign Up for Free Course on Crypto, Official Says

Crypto classes organized for Ukrainians have begun on a government-run portal, a minister announced. More than 20,000 people have registered for the educational course in the war-torn country which maintains an objective to become “the best crypto…
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Mar 2, 2023 4:00 AM (2 years ago)

Innovations Help to Substantially Reduce the Gap Between Decentralized and Centralized Exchanges — Dexalot COO

While centralized exchanges are thought to be safer and more efficient, proponents of decentralized platforms like Tim Shan insist that user experience on decentralized exchanges has improved. In addition, inherent benefits associated with…
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Mar 2, 2023 1:00 AM (2 years ago)

Ukraine’s Government-Provided Crypto Addresses Raised $70 Million During War, Report

Crypto donations collected by the government in Kyiv since the start of the Russian invasion have amounted to almost $70 million, according to Chainalysis. Ether has been the most donated crypto followed by bitcoin and the stablecoin tether, the…
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Mar 1, 2023 10:00 PM (2 years ago)

Fed President Warns of ‘Disastrous Results’ if the Fed Loosens Policy Prematurely — Says ‘Inflation Remains Too High’

Federal Reserve Bank of Atlanta’s president has warned of disastrous economic consequences similar to those seen during the financial crisis of the 1970s if the Fed loosens its policy prematurely. Noting that “inflation remains too…
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Mar 1, 2023 7:30 PM (2 years ago)

Robert Kiyosaki Says World Economy on the Verge of Collapse — Warns of Bank Runs, Frozen Savings, Bail-Ins

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says the world economy is on the verge of collapse. He warned investors about the risks of bank runs, frozen savings, and bail-ins that may come next. Robert Kiyosaki on…
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Mar 1, 2023 5:30 PM (2 years ago)

Binance Tests AI-Infused NFT Platform Bicasso in Limited 10K Mint Run

On Wednesday, Binance CEO Changpeng Zhao, also known as CZ, announced the launch of a new non-fungible token (NFT) platform infused with artificial intelligence (AI). The AI-centric product is named Bicasso, and CZ said the beta version dropped…
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Mar 1, 2023 3:30 PM (2 years ago)

Ripple Lawyer Argues SEC Chair Gensler Has Prejudged Crypto Asset Cases

Recently, Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), expressed his opinion in a detailed interview with New York Magazine’s Intelligencer regarding why he believes crypto assets other than bitcoin are…
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Mar 1, 2023 1:00 PM (2 years ago)

UBS Strategists Predict Minimal Impact of Upcoming Mt Gox Payouts on Bitcoin Value

A recent report published by market strategists from the investment bank and financial services company UBS says that the upcoming Mt Gox payouts won’t destabilize bitcoin’s value. While a new supply will come to the market, UBS…
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Mar 1, 2023 9:00 AM (2 years ago)

Crypto Economy Swelled 80,466% Since 2013, Despite $1.5 Trillion Loss in 2022 Downturn

Nine years and nine months ago, on May 9, 2013, coinmarketcap.com recorded 14 cryptocurrency assets, and bitcoin’s overall valuation was $1.24 billion, with 11.13 million bitcoins in circulation at the time. Today, the same website indicates…
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Mar 1, 2023 8:00 AM (2 years ago)

Bitcoin, Ethereum Technical Analysis: BTC Rebounds, Following Decline in US Consumer Confidence 

Bitcoin rebounded on March 1, as markets reacted to the latest consumer confidence report from the United States. Confidence slipped last month, which appears to be a sign that higher rates are starting to take effect. Ethereum also moved higher on…
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Mar 1, 2023 6:30 AM (2 years ago)

Puerto Rico Defines Act 60 Tax Exemptions for Blockchain Companies

The Economic and Commerce Development Department of Puerto Rico (DDEC) has issued a document in which it defines the rules that blockchain projects must follow to receive tax benefits that the state offers companies. The action seeks to create an…
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Mar 1, 2023 3:30 AM (2 years ago)

Zimbabwean Blockchain Startups Launch Service to Help Migrants Efficiently Move Funds Across Borders

Two Zimbabwean startups, Flexid and Uhuru Wallet, recently launched a platform that offers digital identity and remittance services to migrants living and working in South Africa. The two startups hailed what they’ve described as the…
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Mar 1, 2023 12:30 AM (2 years ago)

Nigerian Cash Crisis: Benue State Residents Resort to Barter Trade

Faced with cash shortages caused by the central bank’s currency policies, traders in the Nigerian state of Benue have reportedly resorted to barter trading. Traders from the state have implored the Nigerian government to consider rescinding…
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Feb 28, 2023 7:30 PM (2 years ago)

Economist Peter Schiff Warns the Fed Could Be Fighting ‘Complete Economic Collapse’

Economist Peter Schiff has predicted that the U.S. Federal Reserve will ultimately throw in the towel on its inflation fight to confront “something it fears even more, which is a complete economic collapse, another financial crisis, or a…
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Feb 28, 2023 5:30 PM (2 years ago)

Tel Aviv Stock Exchange Takes Steps to Allow Crypto Trading

Israel’s public stock exchange is suggesting regulatory amendments that would permit some clients to trade crypto assets. The proposals, which have been put forward for public consultation, come at the backdrop of a growing number of regulated…
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Feb 28, 2023 3:30 PM (2 years ago)

Bitcoin’s Blockchain Growth Accelerates With Trend of Ordinal Inscriptions

The Bitcoin blockchain has 40.49 gigabytes (GB) to go until it reaches half a terabyte (TB), and with the recent trend of Ordinal inscriptions, it’s likely to get there faster. The average block size reached a high of 2.52 megabytes (MB) on…
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Feb 28, 2023 1:36 PM (2 years ago)

Former FTX Director Pleads Guilty to Charges of Fraud, Money Laundering, and US Campaign Finance Violations

Roughly 11 days ago, it was reported that Nishad Singh, the former director of engineering at FTX, was working with federal prosecutors to arrange a plea deal. On Tuesday, Singh pleaded guilty to criminal charges and stated, “I am unbelievably…
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