China's CBDC Transactions Reach $14B as Uptake Slows: Report
13.10.2022
Transaction volume in e-CNY has only increased by 14% in 2022 from the end of last year compared to the 154% growth recorded in the last six months of 2021
Ether Becomes Deflationary for First Time Since the Merge: Coinbase
13.10.2022
Ether (ETH) reached a “post-Merge milestone” this week as it became deflationary for the first time since the Ethereum blockchain switched to proof-of-stake (PoS), Coinbase (COIN) said in a report Thursday
Ex-Terra Developer Raises Funds for This New Project
13.10.2022
Former Terra developer Neel Somani has raised $15m for a new project focused on developing cross-chain roll-ups.
The new project, a layer-2 protocol known as the Eclipse roll-up, runs on the Solana (SOL) blockchain, and is inspired by the interoperability blockchain Cosmos (ATOM)....
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The Hideaways, Viberate (VIB), and Ethernity (ERN) – Which Is The Best?
13.10.2022
The higher the climb, the more painful the fall. Viberate (VIB) and Ethernity (ERN) consistently topped market gainers in the past weeks, making them among September’s top performers. Both tokens generated triple-digit gains during the month as news spread about their stellar price hikes....
Binance exchange burns $547M worth of BNB tokens
13.10.2022
Binance permanently destroyed $547 million worth of BNB in its 21st quarterly burning event, but the markets remain steady
Solana network suffers another $100M scam at Mango Markets
13.10.2022
A decentralized blockchain Solana has suffered several exploits over two months. While the rest of the market was busy trading digital assets, the Solana network was experiencing a scam through its Phantom wallet. Mango Markets is a decentralized high-performance blockchain having headquarters...
Stepn Reportedly to Lay Off 100 Employees Amid Market Downturn, Company Denies It
13.10.2022
Play-to-earn game Stepn, which lets users buy non-fungible token (NFT) running shoes and earn native crypto GMT through jogging, reportedly started a major layoff of its contract workers amid a market downturn – but the team behind the app denies firing staff....
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Axie Infinity NFT Game Loses 62% of Players in One Year
13.10.2022
Popular blockchain-based online video game Axie Infinity (AXS) has reported a major loss of players over the past months. At about 701,000 average monthly unique players for the past 30 days, the game’s popularity decreased below the level reported for January 2021. ...
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China’s Central Bank Digital Yuan Transactions Surpass $14 Billion
13.10.2022
China's digital yuan has processed over 100 billion yuan (close to $14 billion) worth of transactions so far, becoming the most widely adopted central bank digital currency (CBDC) across the globe.
The e-CNY has recorded $13.9 billion worth of transactions as of August 31, the People’s Bank...
FASB Mulls Fair-Value Accounting for Crypto Holdings: Report
13.10.2022
The Financial Accounting Standards Board (FASB) has said that firms should use fair-value accounting methods for cryptocurrencies likes bitcoin and ethereum
Crypto markets to see ‘explosive volatility’ soon: Arcane Research
13.10.2022
Ballooning leverage and reduced volatility on crypto markets create a situation where explosive volatility is very possible in the short-to-medium term
Digital Asset Bank Custodia Files Lawsuit in U.S. Court Over BNY Mellon's Crypto Approval
13.10.2022
Custodia alleges the Federal Reserve Board of Governors showed favoritism over approval delays, while giving BNY Mellon a green light to engage in crypto custody