PRESS RELEASE. Foxify have just confirmed a brand partnership with Tyson Fury in an industry leading move. It comes following the hype of the brand reveal in January. The two-time world heavyweight champion is undefeated, with a legion of fans that…
Shiba inu was one of Friday’s biggest gainers, as the meme coin remained close to a recent three month high. The token has been in the green for the majority of today’s session, despite the global cryptocurrency market cap falling 1.28% at the time…
Ethereum Network’s Rising Gas Fees in 2023: A Balancing Act of Growth and Cost
Ethereum gas fees have increased 13.71% in the last two weeks, with the average fee rising from $4.52 per transaction to $5.14 per transfer on Feb. 3, 2023. Despite ethereum’s price seeing significant growth this year, its network’s…
Bitcoin, Ethereum Technical Analysis: BTC Falls From Recent High, Ahead of US Non-Farm Payrolls
Bitcoin retreated from a six month high on Feb. 3, as bears reentered the market ahead of today’s U.S. non-farm payrolls (NFP) report. Following a move above the $24,000 level on Thursday, sentiment shifted, as traders prepared for the…
South African Retailer Pick n Pay Now Accepting Payments via BTC at All Its Stores
Pick n Pay, one of South Africa’s leading retailers, reportedly now accepts bitcoin as payment at all its stores across the country. Using the bitcoin lightning network, Pick n Pay’s customers can now buy items such as groceries…
PRESS RELEASE. KyotoSwap.io is the first decentralized exchange (DEX) on Binance Smart Chain that allows anybody to create a verifiable positive impact at little to no cost. As a result, decentralized finance (DeFi) users can passively contribute…
Addressable Raises $7.5 Million to Help Web3 Marketers Reach Their Audiences
Addressable, a decentralized marketing startup, has raised $7.5 million in its seed round to tackle the current marketing woes in the Web3 area. The company claims its software can pair the onchain addresses of users with their social accounts…
Report: Egyptian Lawmakers Hail Parliament’s Endorsement of Pact to Join BRICS Bank
Egyptian lawmakers recently hailed the parliament’s endorsement of a pact that allows the country to join the New Development Bank, a report has said. According to the report, the lawmakers believe joining this BRICS-backed institution will…
Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say
Russian banks may be the main losers from the introduction of a digital ruble while retailers will save on acquiring fees, analysts have predicted. The benefits for consumers using the new digital currency are not that obvious as they may not be…
Ebay Expands Into NFT and Web3 Space With New Job Openings
The online marketplace giant, Ebay, is seeking to fill several positions in the area of Web3 and non-fungible token (NFT) technology, according to several Linkedin job postings. Ebay is looking for a “creative crypto attorney” for the…
US Judge Dismisses Customer Lawsuit Against Crypto Exchange Coinbase
A U.S. district judge has dismissed a lawsuit against Coinbase and its CEO Brian Armstrong filed by customers of the crypto exchange. The lawsuit alleges that Coinbase sold 79 crypto tokens that are unregistered securities. Customer Lawsuit Against…
Charlie Munger Urges US Government to Ban Crypto Like China Has Done
Warren Buffett’s right-hand man and the vice chairman of Berkshire Hathaway, Charlie Munger, has urged the U.S. government to ban cryptocurrencies like China has done. “A cryptocurrency is not a currency, not a commodity, and not a…
Robert Kiyosaki Discusses Why Gold, Silver, Bitcoin Are Rising Higher
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has shared his view on why the prices of gold, silver, and bitcoin are rising higher. Noting that silver is cheap right now, Kiyosaki urged investors to buy a silver…
Okx to Launch Okx Collective, a Metaverse Experience Powered by Manchester City Soccer Players
Okx, one of the largest cryptocurrency exchanges in the market, has announced the launch of its soccer-focused metaverse experience, called the “Okx Collective.” The immersive experience will include Jack Grealish, Rúben Dias, Ilkay…
Optimism Plans to Enhance L2 Scaling Network With ‘Bedrock’ Upgrade in March
The Ethereum scaling network Optimism, which operates as a layer two (L2) network, announced plans to upgrade its network in March. The upgrade, named “Bedrock,” aims to increase transfer speed, lower fees, and enhance compatibility…
Smart Contract Token Market Soars to $332 Billion; Defi Value Reaches High Not Seen Since FTX Collapse
The smart contract token economy rose 5.6% against the U.S. dollar on Thursday, reaching $332 billion. Additionally, the value locked in decentralized finance (defi) increased to nearly $50 billion, a record high not seen since the collapse of FTX…
FIO Protocol Launches NFT Domains Wrapped on Polygon
PRESS RELEASE. FIO Protocol, the leading decentralized solution for global blockchain usability, has announced the launch of FIO Domain wrapping on the Polygon blockchain. Wrapping is the process of taking a token from one blockchain and making it…
Biggest Movers: AVAX Hits Highest Point Since August, Following 17% Jump
Avalanche moved to its highest point since August, as the token rose by as much as 17% in today’s session. Cryptocurrencies surged across the board, following the latest Federal Reserve rate hike, with the global market cap 4.29% higher as of…
Bitcoin Records Largest Mined Block to Date, 4 MB Block Containing NFT Causes Unease Among Small-Block Supporters
Amid the controversy surrounding the Ordinals project and the debate over what types of data should be stored on the Bitcoin blockchain, the network mined its largest block, nearly 4 MB in size, containing just 63 transactions. One of the…
Bitcoin, Ethereum Technical Analysis: BTC Jumps to 6-Month High Above $24,000
Bitcoin surged above $24,000 on Feb. 02, as markets continued to react to the latest U.S. Federal Reserve policy decision. On Wednesday, the central bank moved to increase rates by 25 basis points, while signaling that further hikes could be on the…
Bitzlato to Restore Operations and Withdrawals From Russia, Co-founder Vows
Russia-linked cryptocurrency exchange Bitzlato, seized by Western law enforcement, plans to relaunch and permit partial withdrawals, a co-founder announced. Members of the trading platform’s team also intend to relocate the business to the…
Neon Link Announces Limited Presale Of The $NEON Token That Will Power A Thousand Blockchain Games
Press Release. LONDON, ENGLAND – February 2nd, 2023 – Neon Link, a blockchain gaming company building a technologically robust and scalable environment, announced its opening of the presale of the $NEON token, taking place on the 15th February at…
Nigerian Crypto Users and Enthusiasts Dismiss 100% BTC Premium Claims
Nigerian blockchain and crypto enthusiasts have said recent reports suggesting that local residents are paying a premium of almost 100% on top of the prevailing price of bitcoin “are totally false.” They argue that such reports are…
Chinese Economist Urges Government to Reconsider Crypto Ban — Warns of Missed Tech Opportunities
An economics professor and former adviser to the People’s Bank of China has urged the Chinese government to reconsider its ban on cryptocurrencies. He warned that banning crypto activities could result in missed opportunities that are…
Indian Government Introduces New Crypto Tax Penalties
The Indian government has introduced new crypto tax penalties, including for non-payment of crypto tax deducted at source (TDS). Much to the disappointment of the crypto community, Finance Minister Nirmala Sitharaman did not mention crypto in her…
NFT Sales Soar: January 2023 Reaches Nearly $1 Billion in 30 Days With 41% Increase
Non-fungible token (NFT) sales increased 41.96% from the previous month, according to data recorded on Feb. 1, 2023. NFT sales reached nearly $1 billion in 30 days, with an approximate total of $997.53 million. Additionally, the number of digital…
London Crowned World’s Leading Cryptocurrency Hub, According to Study
According to research from Recap, a cryptocurrency tax software company, London has become the world’s leading hub for cryptocurrencies. The researchers analyzed eight indicators, including the number of cryptocurrency businesses and the…
Britain Announces Plans for ‘Robust’ Crypto Rules, Launches Consultation
The U.K. has unveiled “ambitious plans” to “robustly regulate” various crypto activities, while seeking to protect customers and grow its economy. In the next three months, British authorities will accept public feedback on the new regulatory…
Federal Reserve Raises Benchmark Interest Rate by 0.25%, Disinflationary Process ‘Early,’ Says Powell
The U.S. Federal Reserve raised its benchmark federal funds rate by 0.25% on Wednesday after markets priced in near 100% certainty the Federal Open Market Committee (FOMC) would codify the quarter-point increase. The FOMC statement further detailed…
Following APT’s 400% Rise Since Late December, Aptos Drops 20% From All-Time High
On Jan. 26, 2023, the cryptocurrency asset aptos (APT) reached an all-time high and then lost 20% of its value over the next five days. In the past 24 hours, it also shed 8.3% against the U.S. dollar. Despite the decline from its all-time high, APT…
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