Solana Creates $100M Fund For South Korean Crypto Projects
Solana has decided to pump in a generous $100M into South Korean crypto startups, to further expedite its expansion. The world’s fastest blockchain is looking to invest and focus on…
Ethereum’s Merge on the Ropsten Testnet Triggers Investor Optimism on Lower Fees and a Sustainable Future for ETH
Key takeaways: Ethereum’s Merge will happen today on the Ropsten Testnet. A successful Merge of the Beacon Chain and the Ropsten testnet will be the first signal of a potentially…
Japan’s Crypto Exchange Supervisor Reasseses Token Listing Policy
Summary: Prime Minister Fumio Kishida suggested the current process stifles the crypto economy. The JVCEA could implement a new system by the end of the year. Token listings in Japan…
Binance US Adds Staking Services for 7 Different Crypto Assets
Binance US is now offering crypto staking services and the firm details that seven digital currencies are currently available with annual percentage yields (APYs) up to 18%. Customers can earn…
Bitcoin, Ethereum Technical Analysis: BTC Continues to Consolidate, Prices Move Slightly Above $30,000
Bitcoin moved away from Tuesday’s lows during the hump-day session, as prices were once again above $30,000. Prices have been hovering above and below this level over the last few…
While DeFi Total Value Locked Fell by 51% Since the End of Q1, Arrakis Finance Amassed $1 Billion TVL
PRESS RELEASE. Zug, June 08, 2022 — As markets continue to tumble, Arrakis Finance, a yet relatively unknown & tokenless project, just reached a new milestone — a total value…
Ethiopian Central Bank Urges Residents to Stop Engaging in Crypto Transactions
The National Bank of Ethiopia (NBE) has said it does not recognize cryptocurrencies as a legitimate method of payment and that residents must avoid using them. The bank insists the…
Department of Justice (DoJ) asks for international cooperation in combating crypto crimes
A new report by the Department of Justice has called upon the global community to work together in dealing with how criminals use digital assets. The DoJ has suggested that…
Weekly inflows into Bitcoin-based products record notable gains
The cryptocurrency market could be down, but this has not affected inflows to crypto-based products. In May, the weekly inflows into crypto funds were at an average of $66.5M. Compared…
Binance US opens staking for several cryptocurrencies
Binance US, the US division of the Binance cryptocurrency exchange, has unveiled crypto staking services. Through this service, the exchange expects it to be more competitive than its rivals in…
US central bank digital currency commenters divided on benefits, unified in confusion
Like a Rorschach ink blot, the Federal Reserve Board’s CBDC discussion paper provided stakeholders with an opportunity to find what they wanted to see in it. In January, the United…
Ethereum ‘double doji’ pattern hints at a 50% ETH price rally by September
ETH’s bullish reversal candlesticks form near a strong support confluence, raising anticipations about a sharp upside retracement ahead. Ethereum’s native token, Ether (ETH), looks poised to undergo a sharp upside…
Bill to ban digital assets as payment introduced in Russian parliament
The legislation would oblige the DFA managers to withhold any deals, implicating the usage of crypto as a monetary surrogate In recent months, Russian legislators have been preparing measures to…
Citadel Securities To Launch Cryptocurrency Trading Platform
Citadel Securities and Virtu Financial are working together to release a crypto trading platform. The platform could launch towards the end of the year or early next year. The development…
Binance Eyes Crypto License In The Philippines
Summary: Reports say CZ met with authorities to discuss securing approval to operate in the country. Two business licenses were mentioned for Virtual Asset Service Provider and Electronic Money Issuer…