NFTs are going off, and the latest sign of it was the largest TopShot sale. Over the weekend, the digital basketball cards sold like hot pancakes, with two of them at a whopping price of $100,000 each. Last week, FantasyLabs co-founders Jonathan Bales and Peter Jennings bought a Ja Morant highlight off NBA Top Shot, […]
Tag: STO
BIS to Build Proof of Concept Network for Testing Cross-Border Payments Using CBDC’s
The Bank of International Settlements’ Innovation Hub (BISIH) announced this week that one of its highest priorities is the continued research and testing of Central Bank Digital Currencies (CBDCs), along with five other areas of focus. This news is according to this year’s annual work program, which lays out its intention to “explore the feasibility […]
Russia’s State-Owned Bank, Sberbank, Files Papers to Launch Blockchain Platform for Stablecoin
Russian state-owned bank, Sberbank, submits blockchain applications to the central bank. The registration procedure is set to take up to 45 days; the project to be launched in spring. According to local reports, Russia’s largest state-owned bank filed an application to the Central Bank of the Russian Federation seeking approval for its blockchain underlying its […]
FinCEN Proposal and Tether Delays Give Markets Time to Breath
Tensions has been high for quite some time surrounding digital assets, due to a couple key issues. Some breathing room has been afforded markets though, as this past week saw both a controversial proposal by FinCEN, and a pending lawsuit against Tether, each delayed. FinCEN Proposal In late December of 2020, the Financial Crimes Enforcement […]
Regulatory Clarity is Top Driver for Institutional Crypto Investment: eToro Report
With their role in propping the crypto industry up last year, many have wondered whether institutional investors will make bigger commitments to digital assets this year. The general belief is optimistic, with many industry experts counting on these investors to move into the crypto space en masse. eToro, the crypto-friendly stock trading app, is providing some […]
Saddle Finance Raises $4.3M; Launches A Slippage-Free AMM for DeFi Tokens
Saddle Finance, an automated market maker, launches a $4.3 million funding round from top VC firms in the crypto sphere. The platform will offer Bitcoin backed tokens, including wrapped Bitcoin (wBTC). DeFi AMM platform, Curve, accuses Saddle of copying its algorithm. Saddle, a VC-backed AMM, went live earlier this week, allowing users to deposit, withdraw, […]
INX to Acquire Openfinance, Exordium to Host STO, and A New SEC Chairman
As interest continues to grow around digital assets, development of the sector follows suit. The following tidbits are several of these developments being reported over the last few days from companies like INX, Exordium, and more. INX Acquisition Complete? Intentions do not always manifest into reality. Thankfully, when INX indicated three months ago that it […]
ETH Ready for Bitcoin-like Price Discovery with New ATH; Blockchain Activity Goes Parabolic
ETH is the one in the limelight this week as the digital currency went even closer to its all-time high. Going as high as $1,389, as of writing, Ether is now just a few dollars away from its 2017 peak of $1,420 and going on a price discovery journey like Bitcoin that saw the leading cryptocurrency […]
DeFi Season in Full Swing; Blue Chip Tokens Climbing Up the Ranks
DeFi tokens exploding yesterday with Cream (55.5%), SYN (55%) MTA (46%), 1inch (34%), AAVE (28%), bzrx (26%), SWRV (24%), UMA (22%), and UNI (21%) leading the market. This had the total value locked (TVL) in decentralized finance (DeFi) at a new ATH above $23.85 bln, DeFi Pulse. Meanwhile, the market cap of the top 100 […]
Kraken Halts XRP Trading; DOT Replaces the Digital Asset as 4th Largest Crypto Asset
Cryptocurrency exchange Kraken has become the latest platform to halt XRP trading for US residents from January 30, 2021, at 1:00 UTC due to SEC filing against Ripple Labs. For those users residing in other countries, XRP markets will continue to operate uninterrupted. US residents with open XRP spot positions on the margin on Kraken […]
