Cake DeFi Ventures will fund crypto startups across Web3, the Metaverse, the NFT space, gaming, esports and fintech spaces that complement the company’s core business. Singapore-based decentralized finance (DeFi) services firm Cake DeFi announced the launch of a $100 million venture arm dedicated to serving as accelerators for Web3, gaming, nonfungible tokens (NFT) and other…
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Washington said in a now-deleted announcement that it was set to change the way it regulates cryptoassets – following speculation and leaks claiming that intensified policies are on their way. Observers have responded by warning that short-term volatility may ensue in the crypto markets, with many people looking to offload assets in a forthcoming…
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The Russian ruble has been thrown into disarray as the nation attempts to battle economic sanctions by effectively suspending the sale of most foreign currencies – while exploring the notion of allowing citizens to purchase China’s fiat yuan. In a press release from the Central Bank, the top regulatory body announced that it had…
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Binance Charity is donating $2.5 million worth of cryptocurrency to support the humanitarian efforts of Unicef in Ukraine. The announcement comes as the ongoing military clash with the invading Russian forces is putting more and more children at risk. Unicef to Fund Activities in Ukraine With Donated Cryptocurrency The Binance Charity Foundation has announced a…
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The central bank of Pakistan does not see many good use cases for crypto. However, the regulator cites “a lot of misuses” of cryptocurrency around the world, “including human rights violations, trafficking of people, money laundering, and many other things.” Pakistani Central Bank Governor’s Stance on Crypto The governor of the State Bank of Pakistan…
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The cost of sending Bitcoin from one address to another has stayed exceptionally low since July 2021 despite spiking in price last week. Got some Satoshi to send or Bitcoin (BTC) wallets to reorganize? It’s increasingly cheap to do so. According to an Arcane Research report, Bitcoin “transaction fees have stayed low since July 2021,…
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Ukraine’s deputy minister of digital transformation Alex Bornyakov has noted crypto’s efficiency, stating that blockchain clearing and settlements are conducted in near real-time, which enabled the country to deliver a “very quick” response. Bornyakov detailed that by leveraging crypto’s instant payment settlements, the country was able to purchase military-grade rations, bulletproof vests, and other…
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Bitcoin price started a steady increase after it broke the USD 40,000 resistance. BTC was able to clear the USD 41,200 and USD 42,000 resistance levels. It is currently (11:30 UTC) showing positive signs, but there are chances of a minor downside correction. Similarly, most major altcoins are gaining bullish momentum. ETH was able to…
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Cypherium is the only blockchain company featured in the FedNow Service Provider Showcase for now, the CEO told Cointelegraph. The United States Federal Reserve is moving forward with its real-time payment project FedNow Service by starting experimenting with the blockchain infrastructure. On Tuesday, the Fed officially launched the FedNow Service Provider Showcase, aiming to provide…
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Avalanche Foundation director Emin Gün Sirer says that subnets may be the next big thing in blockchain technology. Blockchain network Avalanche announced the launch of Avalanche Multiverse, an incentive program that will accelerate the adoption of subnets that are app-specific blockchain ecosystems. According to the director of Avalanche Foundation, Emin Gün Sirer, subnets are the…
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