Month: January 2023

Cardano Protocol Recovers after More than 50% of Nodes Went Offline

The Cardano outage is not a new occurrence for some of the majority of Layer-1 protocols. The Cardano (ADA) protocol recorded a temporary outage on at least 50% of its nodes over the weekend according to reports from a number of its Stake Pool Operators (SPO). According to an update shared on the official Telegram page of the Cardano SPO, a yet-to-be-identified anomaly was responsible for the outage. Despite the concerns that the outage caused, its impact was not so detrimental as almost all of the nodes recovered automatically. According…

Coinbase CEO urges Bitcoin legal tender for Brazil, Argentina — Reaction

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As Brazil and Argentina started preparatory work for a potential common currency, Coinbase CEO Brian Armstrong floated the idea of the two countries moving to Bitcoin (BTC), sparking various discussions over the viability of BTC as a national currency.  On Jan. 22, the two South American countries announced they starting to prepare to create a common currency that would run parallel with the Argentine peso and Brazilian real. The move could potentially create the second-largest currency bloc. As the news broke, Armstrong took to Twitter to suggest that BTC would…

Enforcement goes on with Bitzlato action — Law Decoded, Jan. 16-23.

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The good news of the last week is that Bitcoin (BTC) continued to review, making around 10% up from Jan.16 to Jan. 23. But it has yet to change a worrying trend of crypto companies making headlines due to their troubles with the law.  The United States Department of Justice launched a “major international cryptocurrency enforcement action” against China-based crypto firm Bitzlato and arrested its founder, Anatoly Legkodymov. The enforcers consider Bitzlato to be a “primary money laundering concern” connected to Russian illicit finance. While the exchange attracted little attention…

Binance Charity Has Plans to Offer Over 30,000 Web3 Scholarships in 2023

The Binance Charity Scholar Program (BCSP) will also offer Web3 courses allowing students to upskill without having to overcome unnecessary financial barriers. Crypto exchange Binance is gearing up to bring greater educational opportunities in the rapidly emerging Web 3 space. As per the latest development, Binance Charity will be funding over 30,000 Web3 scholarships as part of the Binance Scholar Program. The Binance Charity Scholar Program (BCSP) will also offer Web3 courses allowing students to upskill without having to overcome unnecessary financial barriers. In their blog post last week, Binance…

69% users bet metaverse entertainment will reshape social lifestyle: Data

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Last year the crypto and Web3 saw a dichotomy between extremely turbulent markets, yet high prospects for the future of the space. Both users and investors alike have continued to pile into the industry, especially in areas concerned with the metaverse. A new survey from CoinWire, which surveyed over 10,000 investors in the crypto space in December 2022, found that user sentiment towards the metaverse has digital reality poised to influence all areas of social life. 69% of respondents have placed their bet on the metaverse to reshape social lifestyle with a…

Aptos (APT) Surges Nearly 100% in Week, Here’s Why

Overall, APT has now surged over 300% from its November lows, to reach a new all-time high. Ever since hitting its November lows of $3, Aptos (APT) has seen an impressive amount of gains. Presently, the native token of the Aptos blockchain holds the position as the most profitable crypto asset of the week. This was after gaining more than 94% in the last seven days. Interestingly, however, nearly 80% of that increase took place over the last three days. Overall, APT has now surged over 300% from its November…

StorX Network (SRX) Is Now Listed on Coinstore.com

Place/Date: – January 23rd, 2023 at 10:15 am UTC · 2 min read Source: StorX Network StorX Network ($SRX) is listed on Coinstore.com – a global cryptocurrency exchange with over 2,300,000 users allowing individuals and institutions to buy, sell, and trade over 1,000 cryptocurrencies. Coinstore.com will offer the SRX community a simple buy/sell crypto feature for beginners, advanced cryptocurrency spots, and futures trading dashboards. The SRX/USDT pair would be available for trade on the exchange. Below are some important dates around listing SRX: Deposit time：2023/01/20 00:00（UTC+8） Trade time：2023/01/20 13:00（UTC+8） Withdrawal…