Introduce Cryptocurrency Market

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Celer (CELR) gains 400% after traders embrace its multi-chain ‘cBridge 2.0’ solution

High transaction costs have been a thorn in the side of investors and developers for more than a decade and the issue became worse in 2021 after the emergence of decentralized finance (DeFi) and nonfungible tokens (NFT) led to record-high levels of activity across the cryptocurrency ecosystem.  Since the completion of Ethereum’s London hardfork, cross-chain bridges and layer-2 solutions have been revised as options for mitigating the high fees on the Ethereum network. In the past two weeks, Celer, a layer-two scaling solution that utilizes off-chain transaction handling to help…

CFTC Files Charges Against 14 Crypto Companies — CoinDesk

According to a Wednesday press release, the 12 relatively unknown options merchants accused of failing to register with the CFTC are New York-based. The two companies that are accused of “making false and misleading claims of having CFTC registration and National Futures Association (NFA) membership”—Climax Capital FX and Digitalexchange24.com— are based in Texas and Arkansas, respectively. Source

Tether scores win in class action case as court dismisses RICO claims

The judge in the class-action lawsuit filed in the Southern District of New York against stablecoin issuer Tether and crypto exchange Bitfinex has granted motions to dismiss many of the claims in the case. According to court documents filed Tuesday in the Southern District of New York, District Judge Katherine Polk Failla has granted motions from Tether’s and Bitfinex’s parent company iFinex to dismiss key claims in the plaintiffs’ case that the two firms manipulated the crypto market. Altogether, Judge Failla granted motions to dismiss five complete claims and part of…

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Cross-Chain Wallet XDEFI Raises $6M to Take on MetaMask, Phantom

After a $6 million funding round from leading blockchain venture capital firms and decentralized finance (DeFi) power users, XDEFI Wallet is looking to challenge incumbent MetaMask’s reign. XDEFI is a wallet that will allow users to interact with nine different blockchains. Key features include proprietary gas pricing algorithms and automatically adding new tokens to wallets based on use. Mechanism Capital led the funding round, with participation from heavyweights such as Alameda Research, Sino Global and Animoca Brands. The round also featured participation from DeFi power users and developers such as…

DYDX gains 80% in a week — What’s driving the DEX token rally?

Decentralized exchange dYdX’s native token DYDX surged by nearly 80% this week as traders assessed its potential against China’s recent ban on crypto transactions. The DYDX price hit a new high of $26.50 on the FTX exchange after trading at around $13 a week ago. The China ban was an apparent boost for the dYdX decentralized exchange (DEX) that offers perpetuals, margin and spot trading, as well as lending and borrowing services to its users. Holding DYDX gives owners the right to propose and vote on changes to dYdX’s layer…

Mid-Cap Altcoins Barely Survive A Bloody September

Data shows that while September has been a brutal month for most cryptocurrencies, mid-cap altcoins have barely made it through with positive gains. Mid-Cap Altcoins Register Positive Gains Despite Bloody September As per the latest Arcane Research weekly report, the month of September has been quite bad for many cryptos including Bitcoin and Ethereum, but mid-cap altcoins seem to have just barely reached the finish line with overall positive gains. The month has historically been bad for the digital currency market as a whole, and this is the fifth consecutive…

Thailand to Develop ‘Cryptourism,’ Considers Issuing Utility Token – Bitcoin News

In search of ways to heal its travel industry, hurt by the pandemic, Thailand is now recognizing an opportunity to tap into a growing market of cryptocurrency holders. Fostering a “cryptourism atmosphere” is what the country’s tourism agency intends to do, including by minting a new token and facilitating bitcoin card payments. Tourism Board of Thailand Plans to Employ New Coin to Spur Demand From Crypto Market Pondering how to capitalize on the expanding global crypto user base, the Tourism Authority of Thailand (TAT) has pitched the idea of issuing…

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