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A Possible Crypto Recovery Moving into New Year, Risk-on Sentiments Send Stock Market to Record Highs
Bitcoin and Ether continue to struggle as they trade around k and ,800 respectively on Friday. The leading cryptocurrency is now testing a key technical level that has been acting as a floor for Bitcoin over the past two years. The latest drop in the largest crypto asset’s price has taken it to its 55-week […]
StarkWare Proposes to Deploy Aave on its ZK-Rollup L2 StarkNettw
A new proposal has been submitted to Aave’s governance forum that calls for deploying the DeFi lending protocol to StarkNet, StarkWare’s permissionless and decentralized ZK-Rollup. Yael Doweck, product manager at StarkWare, submitted the proposal to onboard the protocol on behalf of StarkNet creator, much like MakerDAO has on its L2. “With the success of the […]
Coinbase Predicts Substantial Growth of Newer L1 Chains & Institutionalization of Regulated DeFi
Cryptocurrency exchange Coinbase is seeing a growing focus on Ethereum competitors, the institutionalization of decentralized finance (DeFi), and non-fungible tokens (NFT). This week, Surojit Chatterjee, Chief Product Officer at Coinbase, released some predictions for 2022. It noted that while it is expecting Eth scalability to improve, with crypto going mainstream, scalability changes for ETH are […]
Russia’s Largest State-Owned Bank Introduces Country’s First Crypto and Blockchain ETF
Sberbank, the largest and state-owned Russian bank, has introduced the country’s first exchange-traded fund (ETF) to offer exposure to companies involved in the blockchain industry. The fund launched by the bank is called Sberbank Blockchain Economy ETF that trades on the Russian stock market under the ticker “SBBE,” Sber Asset Management said in a statement. […]
Bitcoin and Ether Dump More Going Into Year-End, ETH Killers Showing Great Momentum
Just before the end of the year, the crypto market continues to take a beating. After the initial green start of the last week of 2021, prices have only been going down. This rout further extended to late Wednesday and early Thursday when Bitcoin price dipped further just under ,900 and Ether to about ,585. […]
SEC Commissioner says NFTs Might Fall Within Their Jurisdiction, Gensler Hires Senate Aid for Crypto Policy
The US Securities and Exchange (SEC) Commissioner Hester Peirce commented on crypto market participants like Coinbase and Senator Cynthia Lummis (R-Wyo.) calling for one regulator to oversee the cryptocurrency market. While she understands the interest in an exclusive regulator, Peirce, aka ‘Crypto Mom,’ has a problem with it. “Typically in Washington, when you build another […]
Binance Registering As A Money Services Business in Canada, Exchange is Financing a 3M Initiative in France
The leading cryptocurrency exchange Binance will continue to operate in Ontario, Canada, after having a successful discussion with the regulators. In June, the exchange told its users that they would no longer stay open in Canada’s most populous province and asked users to close their accounts by Dec. 31. At the time, the Ontario Securities […]
The Sandbox Is Migrating to Ethereum Sidechain Polygon and Launching A DAO in 2022
Virtual real estate platform, the Sandbox, is planning to move to Polygon, a layer-2 scaling solution for Ethereum, to better cater to its growing audience. Polygon has been seeing an increasing amount of interest from applications and users who are priced out of Ethereum due to its high fees and slow processing. The Ethereum-based Metaverse […]
Mexico’s Central Bank to Launch its Digital Currency in Next 3 years to “Advance Financial Inclusion”
The central bank of Mexico will launch its own digital currency by 2024, announced the Mexican government on social media. “Banxico reports that it will have its own digital currency in circulation by 2024,” the Mexican government wrote on its official Twitter account this week. In its post, the central bank said it considers these […]
UAE Introduces New Law to Combat Crypto Crime, Allows Licensed Cryptocurrency Offering & Promotion
The United Arab Emirates (UAE) is introducing new rules to promote cryptocurrency development while curbing digital currency scams targeting investors in the country. Under the new rules, crypto scammers will face prison time for up to 5 years and a penalty of up to AED 1 million (just over 2k), starting January 2, 2022. Previously, […]