Cryptocurrency News That Matters

Author: Staff Reporter

Leading NFT Marketplace Enters The Crypto Wallets Sector

Leading NFT Marketplace Enters The Crypto Wallets Sector

NFTs
NFT marketplace OpenSea has purchased Dharma Labs, a startup for digital cryptocurrency wallets. Announced on Tuesday, the news follows a report from Axios that said the two companies were discussing a deal valued somewhere between $110 million USD and $130 million USD. Dharma Labs was founded in 2017 and allows users to connect their bank accounts to their Ethereum wallets. Users then buy and swap tokens via the Dharma Lab’s app, however, OpenSea will be shutting down the app as part of the new deal. OpenSea will also be bringing onboard Dharma Labs co-founder and CEO Nadav Hollander as its new Chief Technology Officer. Hollander will be tasked with improving the technology behind OpenSea’s products and building mechanisms for web3. “Our teams share a vision that NFTs will b...
UK Finance Regulator Looking To Stamp Out Specious Cryptocurrency Adverts

UK Finance Regulator Looking To Stamp Out Specious Cryptocurrency Adverts

Markets
The UK government published plans to strengthen the rules on crypto advertisements and protect consumers from misleading claims today. At the moment, an estimated 2.3 million people in the UK own a crypto asset and their popularity is on the rise. Research suggests that not all users fully understand what they are buying when buying crypto, however, which poses the risk of fraud. Promotion of assets subject to FCA rules Promotion of qualifying crypto assets will be in line with rules formulated by the UK finance regular, - the Financial Conduct Authority. Crypto assets will have to meet the same standards that assets like shares and stocks must meet. Rishi Sunak, Chancellor of the Exchequer, said:"Cryptoassets can provide exciting new opportunities, offering people new way...
Top US Bank Sees Big Future For Solana In Daily Consumer Use

Top US Bank Sees Big Future For Solana In Daily Consumer Use

Markets
Bank of America digital asset strategist Alkesh Shah has predicted that Ethereum competitor Solana could become the “Visa of the digital asset ecosystem” in a Tuesday research note. The Solana network launched in 2020, and its native token, SOL, has since grown into the fifth-largest cryptocurrency with a market capitalization of $47 billion. An order of magnitude faster than Ethereum, it has been used to settle over 50 billion transactions and mint over 5.7 million nonfungible tokens (NFT). Critics, however, argue its speed comes at the cost of decentralization and reliability, but Shah thinks the benefits outweigh the drawbacks: “Its ability to provide high throughput, low cost and ease of use creates a blockchain optimized for consumer use cases like micropayments, DeFi, N...
5 Ways The Cross-Border Payments Industry Has Evolved

5 Ways The Cross-Border Payments Industry Has Evolved

Fintech
The foundation of cross-border payment has a mixture of speed, low costs, transparency, and unlimited access to funds transfer in the finance section. They’re the building blocks used to improve international trade for B2C or B2B and promote economic growth. Recently, technological innovations have refined the international payments systems to increase service delivery for businesses and facilitate seamless financial transactions worldwide. Cross-border payments rely on the partnership of banks who authorize the exchange of funds and carriers who transfer the money upon fulfillment of the business agreement. They aim to complete transactions through transparent means and allow real-time tracking of the money on transit. The revolution in the digital space is forcing businesse...
Major Bank Plans To Let Customers Take Advantage Of Blockchain Technology

Major Bank Plans To Let Customers Take Advantage Of Blockchain Technology

Blockchain
A cutting edge provider of blockchain-based financial solutions has teamed up with a major bank to offer the bank’s B2B customers blockchain based payments. Tassat, the blockchain company, recently announced the partnership with Cogent bank. The payments are made in real time, and made using a platform fully developed in the US banking system. TassatPay™ enables banks to provide their clients with instantaneous, secure, real-time payments 24/7/365. “Providing our B2B clients with instantaneous payments using the power of blockchain technology, in a regulatory-compliant manner, is critical for competing in today’s fast-paced digital economy,” says Chirag Bhavsar, president of Cogent Bank. “Our B2B clients recognize that blockchain-enabled payments offer better fraud protection...
Renowned Blockchain Technology Company Announces Launch Of New Decentralized Exchange Platform

Renowned Blockchain Technology Company Announces Launch Of New Decentralized Exchange Platform

Exchanges
Prominent Blockchain technology innovative group The Eagle Network is set to launch EgonSwap – a new Decentralized Exchange platform with new exciting features to rival existing big-players in the industry. The Eagle Network is a globally-reputed blockchain-based network launched globally February 2021 that is dedicated to the proliferation of decentralized finance and mainstream adoption of cryptocurrency around the world. Having achieved unparalleled innovations in the areas of proprietary mobile mining solutions, gamification and establishment of a global network of over 2 million users, the company is now driven to take its innovation up a notch by building a new Decentralized Exchange platform (DEX). Market analysts have identified Decentralized exchanges as one of the most im...
Ground-Breaking Blockchain Company To Be Officially Listed On Bittrex Exchange

Ground-Breaking Blockchain Company To Be Officially Listed On Bittrex Exchange

Exchanges
Bittrex Global recently announced PKT ($PKT), the world’s first layer-1 blockchain for bandwidth, will list on its exchange later this month. “We are excited to welcome such a unique blockchain project onto the exchange” PKT is an open-source community project that monetizes unused internet bandwidth and provides an economic incentive for people to expand internet connectivity and network infrastructure with minimal technical knowledge required. The blockchain is Bitcoin-fork designed for microtransaction scalability with near-zero fees and 60 second block times. PKT divides the Internet Service Provider (ISP) roles of infrastructure provider and network operator. In effect, this lowers the barrier of entry for entrepreneurs to become ISPs, and decentralizes internet access f...
Renowned Video Game Producer Hints At Imminent Expansion Into Blockchain

Renowned Video Game Producer Hints At Imminent Expansion Into Blockchain

Blockchain
Square Enix president Yosuke Matsuda has published a letter in which he expresses hope that NFTs and blockchain technology will become a "major trend" in gaming. In a New Year's letter, Matsuda expressed what he believes will be major areas of growth for the industry in 2022, including cloud gaming, AI, and blockchain games. The latter "are built upon the premise of a token economy and therefore hold the potential to enable self-sustaining game growth," said Matsuda. "NFTs were met with a great deal of enthusiasm by a rapidly expanding user base. However, we do observe examples here and there of overheated trading in NFT-based digital goods with somewhat speculative overtones, regardless of the observed value of the content provided." The idea of NFTs in games has generall...
NFT Start-Up Company Secures Funding From Major Blockchain Platform

NFT Start-Up Company Secures Funding From Major Blockchain Platform

NFTs
Bliv.Club, a Non-fungible Token (NFT) derivative startup, on Monday raised undisclosed Pre-seed funding by Sandeep Nailwal, Co-founder of blockchain scalability platform Polygon, the company said in a statement Bliv.Club said it has already in discussions with a number of potential investors to raise a larger round of funding in the near future. Its goal is to create an ecosystem around non-fungible tokens (NFT) that will make retail investments more fluid, hence addressing and resolving the larger liquidity issue. The funds will be used to build the company's product offerings, as well as marketing and team building, according to the statement. Vikas Singh, Abhishek Kumar Gupta, and Mohammed Sirajuddin founded the startup in 2021. “Our core objective at Bliv is to increas...
How NFTs Can Help Propel The Digital Uprising

How NFTs Can Help Propel The Digital Uprising

NFTs
The cryptocurrency world is branching out as NFTs are trending. They are a bridge between digital and real-world entities. NFTs tokenize any digital item and provide sole ownership of that item. That can be a tweet by a famous person, a piece of art, music, or anything in between. Unlike cryptocurrencies, they are not interchangeable. They sometimes have enormous value, and you can invest in them and sell them. Non Fungible Tokens (NFTs) are the new craze and they are shaping a digital evolution. Find out how NFTs are set to revolutionize the digital world in the coming years There are many NFT collections like CrypToadz, the collection conceived by the artist Gremplin, which is unique and profitable. Toadz comprises a collection 6,969 frog-style tokens, each with their own valu...