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Wagner Rebellion Triggered Surge in Ruble-Tether Crypto Trading Amid Currency Turmoil
31.7.2023
Russian private military company Wagner Group’s march towards Moscow in June triggered a 277% surge in trading volume between the stablecoin Tether (USDT) and the Russian fiat currency.
The huge rise in trading volume occurred as Russian traders sought safety from a depreciating Russian ruble...
Crypto Mining Hardware Retailer Phoenix Technology Considers Public Listing in UAE
31.7.2023
Leading cryptocurrency mining hardware provider, Phoenix Technology, based in the United Arab Emirates (UAE), is reportedly in preliminary discussions to conduct an initial public offering (IPO) in the country.
As per anonymous sources cited in a Bloomberg report, the discussions are ongoing,...
Chinese city implements plan for blockchain digital infrastructure system by 2025
31.7.2023
The government of Shanghai has implemented its strategic plan for the development of its urban blockchain digital infrastructure system between the years 2023-2025
How blockchain is transforming fundraising for startups and entrepreneurs
31.7.2023
Investors and entrepreneurs can create and execute investment agreements directly on the blockchain
Japanese Blockchain Developer HashPort Group Raises $8.5 Million in Funding
31.7.2023
In its latest funding drive, HashPort, the Japanese blockchain developer, has garnered a whopping 1.2 billion Japanese yen (equivalent to $8.5 million).
The Series C funding round was led by major players like Sumitomo Mitsui Banking Corporation, The University of Tokyo Edge Capital Partners,...
Ethereum-Based Casino Coco Achieves $36 Million Transaction Volume On Launch
31.7.2023
Crypto casino platform Coco records a staggering debut as it nets over $36 million within 12 hours according to data on Etherscan.
The project launched on the Ethereum blockchain inspired by the Milady NFT project which has attracted many users with recent releases.
The staggering growth of...
Nurturing India’s Web3 ecosystem at the India Blockchain Tour Chennai
31.7.2023
Introducing the India Blockchain Tour 2023, bigger and bolder than ever before! Get ready for an exhilarating series of events sweeping across India’s most dynamic crypto hotspots. Bringing you an exclusive event presented by Bitget, the world’s leading copy-trading exchange,...
Curve DAO is Going to Zero After Blockchain Exploit and AI Crypto Analytics Platform yPredict Just Raised $3.2 Million – How Does it Work?
31.7.2023
Markets have been fuelled with anxiety this morning, after a tumultuous cyber exploit on the weekend which saw multiple Curve liquidity pools raided for $47m.
Cyber security experts have now traced the source of the issue back to vulnerabilities in the Vyper (programming language) smart contracts...
Australian Lender Bendigo Bank Blocks “High-Risk” Crypto Payments
31.7.2023
Bendigo Bank, an Australian financial institution, has announced new rules targeting “high-risk” instant payments to crypto exchanges.
Announced Monday, the bank has blocked crypto transactions in a move to further enhance protection for the customers from fraud and financial crimes, Bendigo noted...
marumaruNFT: Revolutionizing Cabaret Clubs and Host Clubs with Dynamic NFTs and Market Competition
31.7.2023
NFTs represent unique and indivisible items, backed by blockchain technology, certifying their originality, scarcity, and authenticity. Whether it’s digital art, music, videos, virtual real estate, or collectible items, NFTs have become a powerful tool for artists, creators, collectors,...
Ethereum upgrade to offer revenue sharing for Layer 2 developers
31.7.2023
Developers of Ethereum have a proposition for scaling that will offer dApps the opportunity for revenue sharing in terms of transaction fees that they create on Layer 2. EIP-6968 has plans to introduce a kind of token that offers contract-secured revenue (CSR). This will provide the opportunity...
Japan Blockchain Association Urges Tokyo to Overhaul Crypto Tax System
31.7.2023
An industry organization in Japan has suggested that the government should reform taxation rules for crypto assets and transactions. Its members are convinced that the current tax regulations hinder growth of the Web3 economy in the country and discourage taxpayers from holding and using...
Trader Turns $500 to Million-Dollar Fortune With BALD Memecoin on Coinbase’s Blockchain
31.7.2023
A meme coin frenzy has ensued on Coinbase’s layer 2 blockchain even as the network is not officially live yet
Crypto companies raise $44M for Web3 & Blockchain scalers
31.7.2023
Some crypto companies, put together, have managed to raise for themselves the amount of $44 million in funding. However, Hi seems to have beaten them all by managing to acquire funding from Animoca Brands to the tune of $30 million. In the case of Hi, it is known to have an entire array of products...
US Representatives Bilirakis and Schakowsky Inquire About Apple’s Policies on Blockchain and NFTs
30.7.2023
Representatives Gus Bilirakis and Jan Schakowsky, part of the House Innovation, Data, and Commerce Subcommittee, have sent a letter to Apple requiring information and documents regarding Apple’s iOS Appstore policies on blockchain, non-fungible tokens (NFTs), and distributed ledger...
Ordinals Reach 20 Million Milestone, But Bitcoin-Based NFT Sales Slide
30.7.2023
This week marked a milestone as the number of Ordinal inscriptions minted on the Bitcoin blockchain crossed the impressive 20 million threshold. But despite this achievement, Bitcoin-based non-fungible token (NFT) or Ordinal marketplace sales have witnessed a downturn since mid-July. Once...
Ethereum Liquid Staking Sees 270,000 ETH Influx in 2 Weeks
30.7.2023
Recent statistics reveal that in the past fortnight, about 270,000 units of ethereum (ETH) were deposited into liquid staking derivative protocols. Currently, these decentralized finance (defi) staking platforms hold an estimated 10.65 million ether locked within their systems. Ethereum Liquid...
Blockchain will save financial institutions $10B by 2030: Ripple
30.7.2023
Among the 300 payment leaders surveyed across 45 countries, 97% believe that blockchain will play a crucial role in faster payment systems within the next three years
Decade-Old Wisdom: Unpacking Satoshi Nakamoto’s Definitive Quote on Bitcoin Transaction Challenges, 13 Years On
29.7.2023
Thirteen years ago to the day, the enigmatic creator of Bitcoin, Satoshi Nakamoto, pronounced a quote that has since reverberated across various contexts. This prominent aphorism: “If you don’t believe me or don’t get it, I don’t have time to try to convince...
Navigating the Wrapped Bitcoin Landscape: 86,000 WBTC Exit Circulation in One Year
29.7.2023
Data reveals that since the start of the year, the count of circulating wrapped bitcoins (WBTC) has diminished, plunging by more than 22,000 WBTC. Notably, a year-long assessment reflects an even more significant contraction, with over 86,000 WBTC evaporating from circulation since last July....