“We plan to expand into a number of new priority markets globally with this funding including the Middle East. This funding will also be used to grow our headcount across these new priority markets,” SEBA Bank CEO Guido Buehler told CoinDesk in an email. “In addition, funding will be used to drive institutional business growth through further investment in our product offering and technology.” Source
Back in 2019, the Wikimedia Foundation started accepting crypto donations through Bitpay, but three years later, the nonprofit organization behind Wikipedia is facing pressure from contributors to disable the option over environmental concerns. A proposal submitted by Molly White (GorillaWarfare) urges the foundation to stop accepting crypto. According to White, accepting crypto does not align with Wikimedia’s commitments to making active efforts to improve environmental sustainability. White suggested that the acceptance of crypto echoes as an “endorsement of the cryptocurrency space” by Wikimedia and its members while noting that there…
“The approach has taken into account, among other things, the international recommendations, the market and regulatory landscape locally and in other major jurisdictions, and the characteristics of payment-related stablecoins,” the announcement says. To facilitate the stakeholders in sharing their views, the HKMA has highlighted certain issues in the form of questions and answers in the paper. Source
As crypto prices recover after a slump last week, Pascal Gauthier, CEO of crypto wallet firm Ledger, addressed questions relating to the state of the crypto market. In an interview taken by CNBC at the Crypto Finance Conference in St. Moritz, Switzerland, Gauthier said the situation panning out with Bitcoin (BTC) comes as no surprise. The retail trend is prominent and it’s “always the same.” He explained: “The number of addresses with the minimum number of BTC is actually growing compared to the number of whales. There is a profound retail trend everywhere in…
CryptoX – Cryptocurrency Analysis and News Portal On the surface it appears that significant concentration near the top would affect the decentralization of the network. However, the rise of Lido (a decentralized and liquid alternative to staking pools) looks to be positive for the network. Staking providers give those with less than 32 ETH (over $100,000) an opportunity to earn yield through validation. Original Source The post Ethereum Reaches a Staking Milestone appeared first on CryptoX. CryptoX Portal
One thing that keeps the development team occupied is ensuring that the platform’s launch provides users with a bug-free, smooth, and efficient protocol that offers an intuitive interface. As a result, the user interface has been extensively revised. Alf’s goal is to make sure that the user can navigate the platform with ease and take full advantage of the platform and all of its capabilities. Today, Alf protocol unveils the first look at its user interface. Although the design is not finalized, the preview gives an extensive overview of what…
EverRise is a blockchain technology company that offers bridging and security solutions across blockchains through an ecosystem of decentralized applications. Through their innovative security focused ecosystem, EverRise provides investors and developers the tools to access the widest possible market with the maximum level of security. They are working towards the mass adoption of safety protocols across Binance Smart Chain, Ethereum, and Polygon networks and currently offer EverBridge, EverOwn, EverMigrate, and EverStake with more on the way. Jenn Duong is the Director of Marketing at EverRise. She recently joined the Bitcoin.com…
“After a quiet start to the year with options open interest coming off significantly from December, volumes started to pick up last night with several large short-dated options trading overnight,” Patrick Chu, director of institutional sales and trading at over-the-counter tech platform Paradigm, told CoinDesk in a Telegram chat. “Over Paradigm, we saw several large interests trading with the end of January topside [Jan expiry calls] in demand.” Source
Popular mobile payment service Cash App has integrated the Bitcoin (BTC) Lightning Network as a part of an update, allowing faster and cheaper BTC transfers using the Layer 2 (L2) payment protocol. Cash App is developed and owned by Block (formerly Square), a fintech firm co-founded by former Twitter CEO Jack Dorsey. The announcement of the BTC L2 integration was shared as a notification on the official Cash App application, which made its way through to Crypto Twitter: The news are real! @CashApp added #Bitcoin Lightning ⚡️Network pic.twitter.com/zbbdqcx0dC — Yegor…
Bitcoin bull and founder of Edelman Financial Engines Ric Edelman has made some promising predictions about the future of the seminal cryptocurrency. In an interview on CNBC program ETF Edge on Jan. 10, Edelman said: “We’re already at a quarter of that number with 24% of Americans owning Bitcoin. It won’t be that much of a stretch for it to get to one-third. Bitcoin is becoming more and more mainstream. People are hearing about it everywhere–it isn’t going away.” While 2022 got off to a rocky start, In his view,…