Bitcoin fintech giant Stryk has launched its Lightning Network money transfer service Send Globally in the Philippines, a $35 billion remittance market. Send launched globally in the Southeast Asian country on January 31, 2023, helping businesses and tourists receive international money transfers in Philippine pesos. The country receives $35 billion in remittances globally. How Strike’s … Read more
As the NFT market moves beyond profile pictures without utility, can good reason fill the gap? Public perception of NFTs fell during 2022. Not only did consumers’ opinion of them fall as an investment, but they also thought less of the companies that decided to launch them. As the bubble and subsequent crash fade into … Read more
According to Ethereum developer Barnabas Busa, the Ethereum Zhejiang public withdrawal testnet will go live on February 1, 2023 at 15:00 UTC as a precursor to the upcoming Shanghai upgrade for March 2023. According to Busa, the testnet will create the platform for the Shanghai and Capella forks, which will allow validators to perform full … Read more
DekaBank has partnered with METACO, a Switzerland-based cryptocurrency firm, to offer crypto-related services. As bitcoin halves more than 40% in 2023, crypto adoption has started to kick in. Brands have started collaborating with crypto-related businesses as the sentiment has recovered. With millions of customers, traditional banking services have the potential to bring maximum visibility to … Read more
The dYdX Foundation, a Swiss non-profit organization, recently issued a new governance token for its Layer 2 protocol on the blockchain. The purpose of the token is to allow the community to control the protocol. and to align incentives among traders, liquidity providers and partners. DYDX also builds an ecosystem around token governance, rewards and … Read more
According to a recent report from a court-appointed auditor, Celsius Network mismanaged its assets and deliberately misled its users. Examiner Shoba Pillai details the operations of defunct crypto lender Celsius Network and its former chief executive officer Alex Mashinsky in her final report. Pillai was initially appointed in late September last year, and filed a … Read more
A judge rules against the SEC’s proposal to classify LBRY’s secondary market token sale as a securities offering, which could have huge ramifications for the ongoing Ripple case. Crypto attorney John Deaton successfully argued against giving the SEC a legal mandate to oversee token sales in secondary markets after successfully suing LBRY for offering its … Read more
The world of finance is constantly evolving, and the latest trend catching the attention of Wall Street institutions is the rise of crypto. Despite the many challenges and controversies that have plagued the industry, major players in the financial sector have not been deterred and are actively looking for ways to expand their reach into … Read more
Solana (SOL) price has broken out of a long-term structure, fueling the possibility that it will start a correction. There was a lack of major Solana news last week. However, it is necessary to mention some minor incidents. Solana’s Winter SchoolThe nine-week course for developers supported by the Solana Foundation will close its application process … Read more
The highly anticipated algorithmic stablecoin on Cardano, Z, has gone live. But the scamsters did not miss this opportunity. The collapse of the algorithmic stablecoin UST on the Terra ecosystem prompted negative sentiment for this category of stablecoins. The collapse last year plunged the crypto industry deeper into a bear market, and investors lost billions. … Read more