EOS is the latest large-cap altcoin to experience a massive price surge in the last few days as alt season gains momentum. The EOS price is in double-digits for the first time since mid-2018 after a parabolic advance that began back in March. According to data from Coingecko, the 20th-ranked crypto by market capitalization is…
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Turkey’s Minister of Treasury and Finance sheds light on regulatory actions following an alleged $150-million crypto exchange scam. Crypto exchanges with a presence in Turkey must now inform the Financial Crimes Investigation Board, or MASAK, about any crypto transactions over 10,000 Turkish liras ($1,200). Turkish Minister of Treasury and Finance Lütfi Elvan announced the new…
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Simplex is a fiat-to-crypto on-ramp that has scored several high-profile partnerships in recent months. Canadian payments giant Nuvei is reportedly in talks to acquire Simplex, an Israeli cryptocurrency startup, for up to $250 million — sending a strong signal that the electronic payments processing industry is pivoting toward digital currencies. The deal between Nuvei and…
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A proposal to boost staking rewards and increase the inflation rate triggered a 100% rally in EOS price. As the blockchain sector continues to evolve, occasional protocol updates are needed to ensure projects stay up to date with the latest developments and provide users wit the best user experience possible. Since May 5, EOS price…
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DeFi’s tremendous growth hasn’t come without obstacles, as the nascent industry still struggles with high costs, failed trades and front-running. IDEX, a San Francisco-based decentralized exchange, has unveiled new protocol upgrades designed to solve two of the biggest issues with decentralized finance, or DeFi — slippage and front-running. The exchange claims that its Hybrid Liquidity protocol solves…
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EOS, LTC, ETC and ETH are just a few of the altcoins that chased after new multi-year highs as layer-1 projects saw an increase in trading volume. The cryptocurrency market provides investors with another day of ‘altseason’ as the majority of altcoins in the top 100 on CoinMarketCap rallied today. Several large-cap tokens reached multi-year…
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The company will soon accept BTC payments for insurance premiums as part of a broader embrace of digital assets. Metromile Inc., a digital insurer headquartered in San Francisco, is making Bitcoin (BTC) a core part of its business operations, offering further evidence of the growing mainstream adoption of digital assets. The company announced Thursday that…
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The company’s Crypto20 index fund registered 221% growth quarter-over-quarter. Cryptocurrency asset manager Invictus Capital saw significant growth in assets under management during the first quarter, highlighting the rapid uptake of digital assets among institutional investors. Assets under management surged by 50% to $112 million in the quarter ending March 31, Invictus disclosed Thursday. The company’s…
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Coinbase is taking measures to ensure that no office becomes an unofficial headquarters. Nasdaq-listed cryptocurrency exchange Coinbase is going completely remote and closing its head offices in San Francisco. Coinbase announced Wednesday that it will shut down its former headquarters in the Golden Gate City in 2022 as part of its commitment to “being remote…
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TEL price broke out into a vertical rally after a protocol upgrade and a layer-2 migration that enabled trading on QuickSwap. The ability to send money to anyone, anywhere, at any time was one of the original motivations behind Bitcoin (BTC) that helped give rise to the expanding cryptocurrency ecosystem that exists today. Blockchain-based global…
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