Category: Cryptocurrency news

Sports NFT Marketplace Lympo Suffers An $18.7 Million Hack

The latest in the industry is the hacking of Lympo, a sports NFT platform and a subsidiary of Animoca Brands. Through hot wallet hacking, the platform just lost about 165.2 million LMT tokens, equivalent to $18.7 million during the time of this hack. Cryptocurrency hacking, though not frequently experienced, remains of the risks that some…
Read more


01/16/2022 0

Joe Rogan Holds High Hopes For The Cryptocurrency Industry

There have been several reactions and comment from prominent personalities about the trend of cryptocurrency from the beginning of 2022. The world’s most prominent controversial podcaster and comedian, Joe Rogan, has just expressed his ‘hope’ for digital assets. He made this confession during a recent podcast interview. On January 8, Rogan, through the 1760th episode…
Read more


01/16/2022 0

ADALend CEO Kaspars Koskins : “We Are Building a Secure Lending Platform on Cardano”

Starting ADALend CEO Kaspars Koskins interview series, one of the most promising companies that is revolutionizing the lending industry by using blockchain technology to disintermediate the traditional middlemen – providing unprecedented access to loans for those ignored by the traditional banking system and providing high yields for investors in a persistently low-interest-rate environment. I hope…
Read more


01/15/2022 0

January Proves Turbulent For Investors But NFT And GameFi Seems To Be Eating Good

NFTs existed prior to 2021, but it was last year that digital art exploded in the blockchain space, and digital artists shone in the NFT spotlight. While the crypto world became an exciting place to be, a new generation of NFT artists entered the world’s largest artistic movement to date. Crypto investors are having a…
Read more


01/15/2022 0

Visa Teams Up With Consensys To Build Payment Infrastructure For CBDCs

Visa and ConsenSys, a blockchain software startup, are working to develop a central bank digital currency (CBDC) pilot program to explore retail applications such as cards and wallets. Both firms will first meet with an estimated 30 central banks to discuss the goals that governments hope to achieve with government-backed digital currency. The pilot program…
Read more


01/14/2022 0

Why IOTA Was Chosen By The European Union To Develop Blockchain Solutions

IOTA was selected as one of the projects that will take part in the European Union Blockchain Pre-Commercial Procurement. The platform will be competing with four projects in a second round for this EU program for a chance at improving the European Blockchain Services Infrastructure (EBSI). Related Reading | IOTA Smart Contracts Enter Beta Phase…
Read more


01/14/2022 0

Crypto Market Is Still In The Early Stages, Says Ric Edelman

Famed finance author Ric Edelman has said that crypto is still in the very early stages, comparing it to the internet right before the big boom. The crypto market which is a little over a decade old has grown exponentially in its short time in existence. At its highest, the market grew to $3 trillion…
Read more


01/14/2022 0

Solana Could Flip Ethereum To Become “Visa Of Crypto,” New Study By Bank Of America Shows

New research from Bank of America Reveals Solana might become the “Visa of the digital asset ecosystem.” Because of its focus on scalability, ease of use, and low transaction costs, the bank stated the Solana blockchain may very well become the equivalent of Visa for the world of cryptocurrencies and NFTs in a research report…
Read more


01/14/2022 0

Tether Freezes Over $150M+ Worth Of USDT Stablecoin

Tether has been one of the biggest question marks in crypto in recent years, and that hasn’t changed as adoption has grown. Decentralization has been a hot topic, and while the word itself isn’t mentioned once throughout Satoshi Nakamoto’s Bitcoin whitepaper, it is a core identity that has been latched on to bitcoin, and crypto…
Read more


01/13/2022 0

Lawmakers Ask The CFTC To Clarify Their Role Monitoring Crypto Risks

Bipartisan lawmakers from the U.S. House and Senate Agriculture Committees have requested clear information from the chair of the Commodities Futures Trading Commission (CFTC) about the crypto industry and their role in monitoring it and taking enforcement actions. The CFTC chair Rostin Behnam intends to expand the regulator’s authority over the crypto market. Democrats and…
Read more


01/13/2022 0

Jack Dorsey’s Block To Democratize Bitcoin Mining With Open Source Mining System

Block, formerly known as Square, is working on an open-source bitcoin mining system, according to CEO Jack Dorsey. He referenced a more detailed thread on the project’s objectives by the company’s general manager for hardware, Thomas Templeton. We’re officially building an open bitcoin mining system ✨ https://t.co/PaNc7gXS48 — jack⚡️ (@jack) January 13, 2022 Block Is…
Read more


01/13/2022 0

Fed Chair Jerome Powell Argues private stablecoins can co-exist with US CBDC

On Jan. 11, Federal Reserve Chair Jerome Powell told Senate legislators that nothing prevents privately issued stablecoins from coexisting with a prospective Fed central bank digital currency (CBDC). Jerome Powell Confirms Fed-issued Digital Currency Is Underway Sen. Pat Toomey (R-Pa.) asked Powell during his confirmation hearing for a second term as Fed chairman whether there…
Read more


01/13/2022 0

Cash App Set To Bring Bitcoin Lightning Network To Its 36 Million Users

The Lightning Network has been integrated into Cash App, a peer-to-peer payment service operated by Block, previously Square Inc. The feature allows transactions between parties that aren’t connected to the blockchain network. It was created to address the scalability issues with the flagship cryptocurrency. Bitcoin Lightning Important For Speedy Transactions Block (previously Square), a fintech…
Read more


01/12/2022 0