WOO Network provides liquidity to over 40 institutions, exchanges, trading teams, wallets and decentralized applications. The company’s products include WOO Trade, a platform for institutional investors, and the retail-focused WOO X, which combines zero-fee trading and deep liquidity. Source
The most popular trend of 2021, NFTs, took off ever since the legacy auction house Christie’s sold digital artist Beeple’s artwork for an eye-watering $69 million. Non-fungible tokens (NFTs) have changed the way we think of ownership and unlocked new financial opportunities for creators. While the hype continues to rise to new levels this year and at some point is expected to normalize, it will transform into a much bigger idea that will cover more than simply art but also intellectual property rights, ticketing, music and movies, streaming, medical, video…
The Jamaican central bank successfully completed the pilot testing of its central bank digital currency, a statement from the bank has said. The statement however reveals that only one payment service provider participated in the pilot. Only One Payment Provider Participated in the Pilot The Bank of Jamaica (BOJ) recently revealed that it had successfully completed the trial of its central bank digital currency (CBDC). The claim by the BOJ follows the completion of an eight-month test run that commenced in May 2021. However, in a statement released on the…
A little more than two months ago, Taproot went live. What does the biggest update to the Bitcoin network in years bring to the table? How can it help the increasingly popular Lightning Network? That’s exactly what the article we’re about to summarize is about. It starts by informing us that “Bitcoin even has a scripting language,” and that it’s called Script. Related Reading | Number Of Bitcoin Lightning Network Nodes Jumps 23% In Three Months But before we get into that, what is Taproot? “Taproot is a combination of…
NFT trading volumes on OpenSea are surging in January amid a renewed speculative frenzy on Yuga Labs’ Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC). According to data posted by “rchen8” on Dune Analytics, OpenSea has generated more than $700 million worth of trading volume since the start of 2022, with Jan. 3 being the biggest day of the year with a whopping $255.8 million worth of 24-hour volume. While popular onlookers as Wu Blockchain have asserted that the volume on Jan. 3 was a record high…
The advent of the internet laid the foundation for eCommerce, but it currently utilises the centralised financial system for payments. With the proliferation in the use cases of crypto and DeFi, it won’t be wrong to expect that crypto projects will tap into eCommerce to create a new shopping model that benefits all stakeholders. For instance, blockchain can integrate eCommerce applications seamlessly with DeFi mechanisms that negate the high interest charged by legacy financial services. Doing this can also allow users to benefit from more personalisation since they can be…
FTX crypto exchange founder Sam Bankman-Fried is optimistic that clarity provided by regulators around the world will stimulate institutional adoption rates for crypto this and subsequent years. In a Jan. 3 interview with Bloomberg, SBF talked about crypto regulations, institutional adoption, and the Metaverse. Despite the rocky end to 2021 for markets, SBF is “optimistic” about 2022. “The things that make me optimistic basically are more regulatory clarity in the US and globally which I think could help a ton on institutional adoption.” When asked how he thought institutional adoption…
Crypto asset manager Grayscale Investments has rebalanced its Grayscale DeFi Fund and adjusted weightings of its Digital Large Cap Fund. A Jan. 3 announcement detailed the changes Grayscale made to its two funds. The DeFi Fund’s weightings have been rebalanced with AMP, the native collateral token of the Flexa payment network being added, while Bancor’s (BNT) and Universal Market Access (UMA) have been removed. Flexa uses the AMP token to collateralize crypto payments and settles them in fiat to recipients enabling merchants to accept crypto easily. Grayscale reshuffled weightings but…
2021 had many great things that helped pushed crypto into a new spotlight, but will 2022 be the year crypto finally makes it break through into many mainstream operations? Related Reading | ADALend Listed On CardanoCube Why Crypto? Many people are starting to look into cryptocurrency as a way to make purchases, save money, make money, and invest in the long-term. Many things play into factor on why this is happening, but all the talk can’t disprove the numbers, and numbers don’t lie. With Bitcoin leading the…
Major fashion company H&M has denied the rumor that it is opening a store in the metaverse. According to false reports, customers could walk through the store and purchase products in the Ceek metaverse. H&M Denies Metaverse Rumor and Collaboration With Ceek Several major publications reported Monday that retail clothing giant H&M has opened a 3D store in the metaverse, including the Economic Times and Mashable India. H&M (Hennes & Mauritz) is a major fashion and design company with 53 online markets and stores in 75 markets worldwide. One of…