U.S. consumers sending international bank transfers pay more than $12 billion annually in remittance fees alone. A recent blog post from cryptocurrency exchange Coinbase indicates the vast majority of U.S. remittance fees for international transfers wouldn’t apply to similar transactions conducted using cryptocurrency. According to the exchange’s research, “The US average fee rate of 6.18%,…
Read more
Binance has lost a big share of its total trading volumes since ending its zero fees on Bitcoin pairs and in wake of the US Commodity Futures and Trading Commission (CFTC)’s lawsuit against the firm. That’s according to the latest blog post by crypto analytics firm Kaiko, which says that Binance’s market share has dropped…
Read more
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: $437,483,543 Lost to Crypto Hacks & Frauds in Q1, Italian Man Swindled Out of $1.8M, Metaco Partners with VP Bank Read more »Sign up for e-EUR – the…
Read more
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Poloniex Partners with Mercuryo on Crypto Purchases, Hong Kong Hunting Six Scammers, DFINITY Foundation Launches ‘Twin’ Token ckBTC Read more »Sign up for e-EUR – the progressive stablecoin
According to a court document filed on March 31, 2023, regarding the sentencing of James Zhong, who stole over 50,000 bitcoin from the Silk Road marketplace, the U.S. government plans to liquidate 41,490 bitcoin “over the course of this calendar year.” U.S. Government Discloses Strategy for Selling Confiscated Bitcoin The U.S. government, one of the…
Read more
Coinbase cryptocurrency exchange has appointed a former executive from Shopify as its new country director in Canada. This move is part of Coinbase’s strategy to adjust to the evolving regulatory landscape in Canada. In a recent blog post, Coinbase revealed that it had taken a number of new measures as the exchange eyes expansion in Canada…
Read more
The US-based crypto exchange Coinbase is calling on developers to create a new and inflation-proof stablecoin for its own blockchain. The call for the new type of stablecoin came in a blog post on Thursday where the exchange said it is “particularly interested in ‘flatcoins’ – stablecoins that track the rate of inflation.”… Read More:…
Read more
Ticketmaster, the global provider of event ticketing services, has launched “token-gated sales,” allowing fans access to concert tickets using non-fungible token (NFT) technology. The first to use the service is the metal band Avenged Sevenfold (A7X), whose “Deathbats Club” NFT collection gave owners early access to the group’s shows in Los Angeles and New York…
Read more
After the U.S. Commodity Futures Trading Commission sued Binance for alleged violations of trading and derivatives rules, a significant amount of cryptocurrency was withdrawn from the exchange. Data from analytics provider Nansen shows $400 million in Ethereum-based funds were withdrawn in 24 hours, and 3,655 bitcoin worth more than $99 million were withdrawn over the…
Read more
Despite being touted as the possible panacea, decentralized finance (defi) still faces obstacles which greatly diminish the prospects of mainstream adoption, asserts serial entrepreneur and CEO of Radix DLT, Piers Ridyard. Ridyard added that while defi is seen as “a fantastic proof of concept,” widespread adoption of this alternative to traditional finance is only possible…
Read more
