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Cryptocurrency News

USDT And USDC Stablecoins See Significant Rise Following BUSD Crash

Daniel Sharkey | February 23, 2023 | Leave a comment
The recent regulatory scrutiny of the stablecoin market has given rise to USDT’s dominance, with Circle’s USD Coin (USDC) recording more than $700 million in market valuation. However, the recent development comes after Paxos Trust announced that it had...
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Hong Kong New Licensing Regime To Allow Retail Crypto Trading

Daniel Sharkey | February 21, 2023 | Leave a comment
The Securities and Futures Commission (SFC) of Hong Kong has requested public input on its recently proposed licensing framework for cryptocurrency exchanges, which is scheduled to become operational in June 2023. The public has until March 31st to weigh...
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Transforming Trade Finance: Memento Blockchain & Deutsche Bank Successfully Conclude Project DAMA

Daniel Sharkey | February 21, 2023 | Leave a comment
Project DAMA Launches BLS Wallet and Nuvo’s Integration for Gasless Transactions in the Metis Ecosystem What are Gasless Transactions? Project DAMA Launches Project DAMA (Digital Assets Management Access) obtained the FSTI (Financial Sector Technology Innovation) POC (Proof of Concept)...
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Will Crypto Ever Redeem Itself?

Daniel Sharkey | February 21, 2023 | Leave a comment
With professional and organizational investors focusing on and the growing numbers of enterprises getting ready to allow across-the-border payments, it would seem that virtual assets are accessible in the financial mainstream, although still in a state of unpredictability. Interestingly,...
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OKX’s $8.6B in “Robust Deposits”: Analyzing Their Reserve Report

Daniel Sharkey | February 20, 2023 | Leave a comment
OKX “100%” Clean? Implications of Proof of Reserves in the Cryptocurrency Industry Exploring the Concept of “Clean Reserves” OKX “100%” Clean? The most recent reserve report from OKX indicates that the company has enough Tether (USDT), Bitcoin (BTC), and...
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A New Era of Scalability: Whales Bet on Polygon’s zkEVM for Enhanced Functionality & Reduced Costs

Daniel Sharkey | February 18, 2023 | Leave a comment
Realizing zkEVM’s Advantages for Ethereum DApps from MATIC Exploring the Bullrun Babes NFT Collection In preparation for the release of its eagerly anticipated zero-knowledge Ethereum Virtual Machine (zkEVM), the price of Polygon (MATIC) has significantly increased. Prices for Polygon...
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Celsius Debtors Publishes A Sale Plan And Selects Novawulf As The Plan’s Sponsor

Daniel Sharkey | February 17, 2023 | Leave a comment
A proposal for the sale of the defunct cryptocurrency lending platform Celsius Network has been submitted to the United States Bankruptcy Court for the Southern District of New York. The plan was approved by the official committee of unsecured...
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The Rollout of the First Crypto UBI in South Africa

Daniel Sharkey | February 16, 2023 | Leave a comment
A movement active about equality, Rightfulshare, recently announced it had launched its initial unreserved crypto UBI exchange to a local business located in South Africa. According to the Rightfulshare press release last month, the movement announced that the selected...
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Hong Kong’s First Tokenized Green Bond Worth $100M Issued Successfully

Daniel Sharkey | February 16, 2023 | Leave a comment
Hong Kong has made history with its inaugural tokenized green bond offering, raising a whopping $100 million in the process. This accomplishment is vital in developing the nation’s green finance market. It demonstrates Hong Kong’s commitment to sustainability and...
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The Impact of Cryptocurrency Companies on Disaster Relief: Helping Earthquake-Affected Regions

Daniel Sharkey | February 15, 2023 | Leave a comment
Cryptocurrency companies have been at the forefront of promoting areas that are disaster stricken through financial aid and many other forms. For instance, they may create a donation system where users can give cryptocurrency to a particular group or...
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