Digital asset bank Sygnum has expanded its staking portfolio to the Cardano blockchain’s native token ADA. Source
Sygnum Bank Expands Staking to Cardano
Day: August 2, 2022
Kim Kardashian legal team files motion to dismiss EthereumMax crypto lawsuit
Kim Kardashian’s legal team has filed a motion to set aside a class-action complaint aimed at the businesswoman and other American celebrities. Kardashian and a handful of other prominent American social media influencers were served with a class action complaint in January 2022 over claims they had misled investors through the social media promotion of a cryptocurrency token called EthereumMax. Kardashian had posted Instagram story posts promoting the project in June 2021, with the likes of boxing great Floyd Mayweather also embroiled in the lawsuit after promoting the Ethereum-based token in the…
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Nigerian Central Bank Told to Consider Floating the Naira, Recent Interest Rate Hike Slammed – Bitcoin News
The Central Bank of Nigeria should be discontinuing the fixed exchange rate system and let the naira freely float against the major currencies, Alhaji Aminu Gwadabe, the leader of a Nigerian association of bureau de change operators has said. The leader also slammed the recent adjustment of the central bank’s interest rate to 13%, which he said could have a negative impact on Nigeria’s underperforming economy. Central Bank Told to Intervene to Save the Naira The leader of a Nigerian association of bureau de change operators, Alhaji Aminu Gwadabe, has…
The Most Popular Bitcoin Implementations in Day-to-Day Services
In today’s article, we will investigate some of the most well-known applications of bitcoin in everyday services, see how they work and also the consolidation of bitcoin throughout the years. In addition to that, we will touch briefly on the specifics of each implementation. A cryptocurrency is a digital or virtual currency protected by cryptography, making it nearly impossible to forge or double-spend. Blockchain is a distributed ledger enforced by a distant network of computers that underpins many cryptocurrencies, including bitcoin and litecoin. One of the distinguishing characteristics of cryptocurrencies…
Aave Wallet Activity Reaches 2022 High on GHO Stablecoin Decision
Last year, as many as 6,200 wallets were active in February and transactions involving Aave touched a record 1.1 million daily figure in May. They slumped to as few as 96,000 transactions a day earlier this year amid a market-wide price decline, IntoTheBlock data shows. Source
Hedge Fund Manager Steve Cohen Exits Crypto Trading Firm Radkl: Report
Hedge fund manager Steve Cohen has existed his investment in crypto trading firm Radkl, according to a report by Bloomberg Tuesday citing a spokesperson for the company. Source
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Ether creates history as key metric in ETH options exceeds Bitcoin by 32%
Ether (ETH) has taken over Bitcoin (BTC) in the options market for the first time in history as the open interest (OI) of Deribit Ether options, with a value of $5.6 billion, exceeded the OI of Bitcoin options worth $4.6 billion by 32%. OI is calculated by adding all the contracts from opened trades and subtracting the contracts when a trade is closed. It is used as an indicator to determine market sentiment and the strength behind price trends. Deribit is the world’s biggest BTC and ETH options exchange, accounting…
Play-to-Earn Gaming Sweeps the Crypto Space
Play-to-Earn games have gained tremendous popularity in recent years. The gaming community got hooked to it primarily due to the thrill associated with the games and the lucrative awards. If you look at the recent figures, some of the popular titles have more than 1 million active users. Every game, genre, niche, and the whole Play-to-Earn gaming space has a community around it, with members actively interacting and, in some cases, promoting the game on various social media platforms. Word-of-mouth promotion seemed to have worked well for these. What are…