Day: November 24, 2021

BlockFi Ends Free Withdrawals for Some Coins, Citing High Ethereum Network Costs

CryptoX – Cryptocurrency Analysis and News Portal BlockFi said in a Twitter post that the move will apply to ethereum, chainlink, PAXG, uniswap and BAT. As for bitcoin, litecoin and stablecoins, BlockFi noted that customers will continue receiving one free withdrawal per month. Additional withdrawals beyond that will incur fees that will vary by coin. Source The post BlockFi Ends Free Withdrawals for Some Coins, Citing High Ethereum Network Costs appeared first on CryptoX. CryptoX Portal

WonderFi Listed on FTX to Provide 24/7, Global Access to Trading

Vancouver, British Columbia–(November 24, 2021) – WonderFi Technologies Inc. (NEO: WNDR)(OTC:WONDF)(the “Company” or “WonderFi”) today announced the listing of tokenized shares of WonderFi Technologies Inc. (NEO: WNDR)(OTC:WONDF) on FTX, a leading global cryptocurrency exchange, founded by Sam Bankman-Fried. WonderFi Technologies Inc. (NEO: WNDR)(OTC:WONDF) is a strategic partner of FTX and we are extremely pleased to list WonderFi’s Technologies Inc. (NEO: WNDR)(OTC:WONDF) stock and provide the world with greater access to an emerging leader in the crypto and decentralized finance space”, commented FTX CEO, Sam Bankman-Fried. “In many countries, investors don’t have…

Collins Dictionary announce NFT as word of 2021

The Collins Dictionary has officially announced their ten-word annual shortlist for word of 2021, as well as declaring that NFT — though technically understood to be an abbreviation for nonfungible token — is their word of the year, surpassing the likes of crypto, metaverse and hybrid working, among others. The blog post spoke frankly about the prospect of a digital revolution through a “convergence of money and the internet,” which seeks to challenge and evolve traditional mediums of payment into the 21st century. Collins Dictionary defines an NFT as “a…

Japanese megabanks join consortium launching yen-based digital currency

A consortium of roughly 70 Japanese companies, including the country’s biggest financial institutions, have joined forces to trial and launch a new yen-based digital currency in fiscal 2022, sending a strong signal that the private sector was embracing blockchain-based payment systems.  The new digital currency, dubbed “DCJPY,” will be backstopped by bank deposits and rely on a common platform to expedite large fund transfers and settlements among the participating companies, according to Kazuhiro Tokia, the chief executive of cryptocurrency exchange DeCurret. DeCurret is leading the consortium, which includes banks Mitsubishi…

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Cardano (ADA) Set To Begin Trading On Bitstamp On Wednesday

Cardano (ADA) is set to debut on top cryptocurrency exchange Bitstamp. The altcoin has not had a good run of it lately but things seem to be looking up for the project. After smart contract capability had been deployed on the network, expectations had swelled for the possible growth of the digital asset. Now, while the technology has lived up to expectations, ADA has not. The token had suffered greatly in the market after hitting a new all-time high. It has proved resistant to strides being made in its underlying…

Crypto Investment Firm Arca Launches $30M Fund Dedicated to NFTs

Asset management firm Arca has launched a $30 million fund dedicated to non-fungible tokens (NFT), according to a new regulatory filing. Arca, which had a total of $500 million in assets under management as of the third quarter, began accepting investments in the Arca NFT Fund on Nov. 15 and has so far raised $11.4 million from 68 inventors toward its total $30 million goal. Arca tells CoinDesk the fund is only open to existing Arca liquidity providers (LP) and is already oversubscribed. “We decided to create a standalone vehicle…

Senate Banking Committee chair seeks information from stablecoin issuers and exchanges, suggesting possible hearing

Sherrod Brown, the chair of the Senate Committee on Banking, Housing and Urban Affairs, has called on several crypto firms to release information related to consumer and investor protection on stablecoins. According to a Nov. 23 announcement, Brown sent notices to Coinbase, Gemini, Paxos, TrustToken, Binance.US, Circle, Centre, and Tether requesting information on stablecoins by Dec. 3, suggesting that he and other lawmakers may be preparing to hold a later hearing on the subject. The senator said investors “may not appreciate the complexity and distinct features and terms of each…