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The Rise Of Layer 2 Scaling Solutions And Cross-Chain Solutions On Blockchain
Cross-chain and layer 2 solutions are majorly built to improve layer 1 scalability and reduce costs of transactions. This is key to enable mass adoption and enhance the overall innovations and developments in the industry. Read More
Crypto Weekly Roundup: Tightening Regulations, Eth’s Future, Second THORChain Attack, And More
It has been a relatively slow week for Bitcoin. However, the EthCC, Paris also happened this week along with the second THORChain Attack. So let’s take a quick look at these and other noteworthy moments in the industry this week. Read More
Amazon plans to accept Bitcoin payments this year, claims insider
“It begins with Bitcoin,” an anonymous insider said in describing Amazon’s intent to enter the cryptocurrency payments arena.
An anonymous source within Amazon has reportedly told London business newspaper City A.M. that the e-commerce giant is planning to accept Bitcoin (BTC) payments by the end of 2021, possibly setting the stage for broader mainstream acceptance of crypto transactions.
“This isn’t just going through the motions to set up cryptocurrency payment solutions at some point in the future – this is a full-on, well-discussed, integral part of the future mechanism of how Amazon will work,” the source told City A.M., according to a report published on Sunday. Read More
Finding the sweet spot: Traditional financial institutions ready for DeFi
With the announcement of Aave Pro, a DeFi platform exclusively for institutional investors, the big boys may finally be getting ready to play with blockchain.
Cryptocurrencies have been vying for the attention of large institutional investors for years and they’re finally getting the attention they wanted. Blockchain networks and their consensus mechanisms never made sense to the traditional investor, but decentralized finance, or DeFi? That’s something everyone’s looking to get behind. Read More
Bringing the crypto payments ecosystem around the world: Ray Youssef
“I was nearly killed by the police, who saw me wandering through the city thinking I’m a looter.” Ray Youssef discusses his close calls and crypto adoption. Read More
Crypto Exchanges FTX and Binance Remove High Leverage From Exchanges
Both crypto exchanges will limit users at 20x maximum leverage.
FTX and Binance, two of the crypto industry’s largest exchanges, have both cut the amount of leverage users can trade with. FTX’s decision came into force yesterday, while Binance made the decision last Monday, 19 July.
Now, both exchanges are allowing users a maximum leverage of 20x. According to FTX CEO Sam Bankman-Fried (SBF), this is a direction that “the industry is headed, and has been headed for a while.” Read More
Robinhood Eyes Crypto Lending and Staking Services
Robinhood has decided how to bulk out its upcoming crypto wallet.
Robinhood held a roadshow ahead of its IPO on Thursday.
The company said it had invested in crypto lending, staking, and wallet services. Read More
Vermont Is Fourth State to Target BlockFi's Bitcoin Savings Accounts
Vermont joins New Jersey, Alabama, and Texas in pushing against BlockFi’s interest account.
Vermont has joined the ranks of New Jersey, Alabama, and Texas in raising regulatory concerns over BlockFi’s high-yield interest account.
State regulators argue BlockFi’s interest account amounts to an unregistered security.
The company denies these claims. Read More
Time to “Release The Boost” Unleash the Marketing Beast In All Of Us!
Now that we’ve got the Markethive Donation Wheel of Fortune spinning, giving away valuable prizes with every spin, it’s time to release The Boost. This launch is just the beginning of Markethive’s proprietary portfolio of advertising services.
Fashioned from the Facebook Boost system, the Markethive Boost is a foundational inclusion and fundamental to the Markethive ecosystem. The service will “boost” your marketing efforts to every subscriber in the Markethive community with enormous potential to increase your brand awareness, conversions, and engagement.
The Markethive standard news feed already allows your posts to reach all your friends’ news feeds, always organically. That’s 100%. There is no algorithm preventing your posts from being seen by all your friends and group members. No shadow banning or 3rd party deciding what you should and should not see.
Right now, though, for a limited time, in line with the release of The Boost, you can take advantage of the special introductory price of only $20 for ONE BOOST to send your message into the News Feed of the entire Markethive membership. The $20 offer will be active for 30 days from the release date (July 25, 2021) and is available for all members of every level. Read More
Tether To Conduct An Audit To Negate Claims Concerning Transparency
The Tether general counsel has declared an official audit in few months. USDT is a popular stablecoin occupying the third position in global digital assets. As it’s on blockchain that cybersecurity experts deem unhackable, the majority today trusts its security.
However, many people in the crypto community have been waiting for a financial audit of the stablecoin. Now, it seems that the ongoing regulatory issues in the crypto industry have galvanized the Tether team into action. As a result, they’re declaring that an audit will take place soon. Read More
FTX Slashes Leverage Limit from 100x to 20x — Community Suspects Competitors Will Follow Example
FTX CEO Sam Bankman-Fried told his Twitter followers on Sunday that his crypto exchange has lowered its margin trading limit from 101x to 20x. Prior to the change, FTX supported 50x, 100x, and 101x leverage but Bankman-Fried said these high leverage positions represent “a tiny fraction of volume.” Read More
Crypto Companies Establish Presence, Hire Talent in Ireland
With a friendly attitude towards financial innovation, the Republic of Ireland has become a desired destination for fintech businesses that need unimpeded access to the common European market. Cryptocurrency companies have been opening offices in the EU member state with some well-known players now looking to hire local talent. Read More
This New Crypto Sector Could Drive Broad Market Rally, Says Partner at Top Digital Asset Investment Firm
Spartan Black, a partner at the Singapore-based Spartan Group, a blockchain investment, and advisory firm, believes an emerging crypto sector could ignite a broad market rally – provided Bitcoin can trade above $40,000 again.
Spartan Black tells his nearly 30,000 Twitter followers that decentralized gaming tokens are on the verge of a send-off after having exhibited impressive growth over the past year.
The investor highlights the popularity of decentralized gaming projects such as Axie Infinity (AXS) and Sandbox (SAND), which he says are growing at an impressive rate, much like decentralized finance (DeFi) assets did last summer when the whole sector exploded as people sought out decentralized lending, borrowing and staking options. Read More
43% Singaporean Own Cryptocurrency, Study Says
A study released on Monday shows that 43% of own Singaporean cryptocurrencies, while most of the crypto investors range between 25 to 44 years old, according to the Independent Reserve Cryptocurrency Index (IRCI). Read More
Blockchain start-ups see record Q2 despite crypto plunge
Blockchain start-ups worldwide raised a record £3.2 billion in funding during Q2 2021, in spite of the significant decline the cryptocurrency market has been experiencing since mid-April.
This data, collected by analytics firm CB Insights in its ‘State of Fintech‘ report, represents a 50% increase over last quarter and a ninefold increase compared to the same time last year. Read More
Damien Hirst’s NFT Art Project: What We’ll Discover When It's Over
The way that “The Currency” works is that collectors will not be buying the physical artwork immediately. Instead, they will pay USD 2,000 for the NFT and then have a year to decide whether they want the digital or the physical version. Once the collector selects one, the other will be destroyed.
So what is going on here, and what does it tell us about art and money? Read More
Blockchain Australia Recommends Crypto Providers Receive Grace Period
Blockchain Australia has sent a recommendation proposal to a senate committee regarding safe harbor provision for crypto providers.
This is the third time Blockchain Australia has made such a submission.
Supporters of the cryptocurrency and blockchain industry have been lobbying governments to introduce regulations. Read More
What Is Chainlink and Why Is It Important in the World of Cryptocurrency?
Blockchain has seen a staggering rise in popularity since Bitcoin, the first cryptocurrency, launched in 2010. Blockchain has a number of advantages, including decentralization and security. The demand for a decentralized currency has catapulted Bitcoin and other cryptocurrencies to worldwide popularity. But blockchain has its limitations. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or other advice.
