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Month: August 2022
Cryptopunk’s Volume Increased by 1,847% After Tiffany & Co. Launched a Special NFT Line.
Anyone can purchase the newly released NFTiff, but Punk holders who already own one can redeem it for a custom pendant. The trading volume of CryptoPunks, one of the sector’s most popular nonfungible token (NFT) collections, increased by 1,847% in 24 hours on Monday. Punk NFTs valued at about $1,226.68 Ether (ETH) were traded during that period. The rise in demand appears to be related to the unveiling of Tiffany & Co.’s own NFT collection, which includes a special perk for Punk holders. The collection, dubbed “NFTiffs,” comprises 250 digital…
Bitcoin, Stablecoins Can’t Solve Global Payment Woes, ECB Study Says
“The holy grail of cross-border payments is a solution allowing cross-border payments to be immediate, cheap, universal, and settled in a secure settlement medium,” said the study, co-authored by ECB Director-General for Market Infrastructure and Payments Ulrich Bindseil. Source
Singapore's Central Bank to Consult Public on Stablecoin Regulations
The MAS is reviewing a regulatory regime targeting risks involving stablecoins, the minister in charge of the bank said. Source
Sygnum Bank Expands Staking to Cardano
Digital asset bank Sygnum has expanded its staking portfolio to the Cardano blockchain’s native token ADA. Source
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