Binance, a top cryptocurrency exchange by trading volumes and client count, has praised the United Kingdom’s decision to consult as they look to establish a framework that will see cryptocurrencies better regulated, spurring adoption in the region. HM Treasury Report Released In a tweet on February 1, following the United Kingdom’s HM Treasury sharing a report detailing…
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Nostr, the decentralized social network supported by Jack Dorsey, the former CEO of Twitter, can now be downloaded on Apple and Google app stores. Nostr On App Stores Per a tweet on January 31, Jack Dorsey said the app can now be downloaded via its client, Damus, for iOS users, and Amethyst for those using…
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Litecoin starts February on a lovely note, as the second oldest cryptocurrency is all aglow in green. According to CoinGecko, the token has risen 34% in the monthly time frame with gains also being made in the weekly charts. This shows a gradual and steady climb towards its current resistance level. The coin is known…
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DekaBank, a 105-year-old bank managing over $428 billion in assets, has signed a deal with Metaco to begin offering digital assets to institutions. DekaBank To Use Metaco’s Harmonize Details from a press release on January 31 state that DekaBank will leverage Metaco’s Harmonize, a “custody and orchestration” platform. The custody platform will be an essential portal…
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The crypto and legacy markets could see a spike in volatility in a few hours. Jeremy Siegel, the Wharton School of Business Professor, told CNBC’s ‘Closing Bell: Overtime’ that “it will be a disaster” if the United States Federal Reserve (FED) increases rates by 50 basis points on February 1, 2023. FED Have To Increase…
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BlackRock, a global investment company managing over $10 trillion of assets as of January 2022, has increased its stake in Silvergate Bank, a crypto-friendly bank, to 7.2%, according to a filing with the United States Securities and Exchange Commission (SEC) on January 31 shows. Silvergate Share Price Rising Following the announcement, Silvergate Bank’s stock prices rose by…
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With so many sharp twists and turns happening in the blockchain and crypto space, the GameFi space is getting robust now more than ever. Evidently, experts say that 2023 is the “build phase” for GameFi and it is set to explode in the next couple of months. Considerably, blockchain games are seen to have doubled…
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The Cream Finance exploiter is moving funds, more than 16 months after hacking the DeFi protocol, stealing over $136 million of various crypto assets. Cream Finance Exploiter Transfers Funds According to CertiK, a blockchain analytic platform, the exploiter moved 365.69 ETH, worth roughly $600,000 at spot rates, to a new address. The amount is part…
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Gala Games, a blockchain-based gaming platform that rewards users with in-game and non-fungible tokens (NFTs), has released its plans for 2023. Gala Games’ Strategy Per a report shared on January 29, the objective of the platform this year is to continue supporting the broader gaming ecosystem, move to mobile, and carve out market share while…
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SHIB token burn rates are seemingly rising on the Shiba Inu network. The current number of Shiba Inu burn trackers is quite surprising. However, data shows it is due to the degenerative performance of the SHIB burning machine. On-chain data shows that the SHIB burn rate observed a massive 1682.07% increase over the past 24…
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