PostFinance, a retail bank owned by the Swiss government, has announced plans to offer its customers cryptocurrency trading and storage services. The bank has partnered with local cryptocurrency bank Sygnum to provide regulated digital asset banking services. Customers will be able to buy, store, and sell major cryptocurrencies such as Bitcoin and Ether. The partnership … Continue reading Swiss Retail Bank to Offer Cryptocurrency Services
Reddit, the online discussion platform, has launched the third generation of its blockchain-based digital collectibles, Reddit Avatars, on the Polygon blockchain. The new avatars were released on April 5, 2023, and have generated a lot of buzz within the community. The non-fungible token (NFT) avatars were first introduced in July 2022 as a way to … Continue reading Reddit Avatars on Polygon Blockchain
Cryptocurrency derivatives exchange dYdX has announced that it will be exiting the Canadian market over the next seven days. In an April 7 blog post, the company stated that it will be “winding down services” in Canada, beginning with the halting of new user onboarding in the country. On April 14, the exchange will move … Continue reading dYdX to Exit Canadian Market Amid Regulatory Restrictions
In an effort to provide a better user experience, LooksRare has released version 2 of its NFT marketplace, which includes several new features and improvements. One of the most significant changes is the reduction of trading fees from 2% to 0.5%, which is a 75% reduction. Additionally, version 2 includes gas-efficient contracts that enable users … Continue reading LooksRare Version 2 Upgrades NFT Marketplace
Two Texas lawmakers, Senator Bryan Hughes and Representative Mark Dorazio, have introduced identical bills proposing the creation of a state-based digital currency backed by gold. Each unit of the proposed digital currency would represent a fractional equivalent amount of physical gold held in trust. The bills, Senate Bill 2334 and House Bill 4903, outline the … Continue reading Texas lawmakers propose gold-backed state digital currency
Cryptocurrency derivatives exchange dYdX has announced that it will be exiting the Canadian market due to regulatory restrictions. In an April 7 blog post, the exchange revealed that it would be winding down services in Canada over the next seven days. The move will begin with halting the onboarding of new users located in the … Continue reading dYdX to Exit Canadian Market
LooksRare, a non-fungible token (NFT) marketplace, has announced an upgrade to version 2. The company revealed that the new platform would reduce fees by 75% and implement several other features. The previous version, LooksRare v1, charged 2% per trade, but this has now been reduced to 0.5% in version 2. In addition, the new version … Continue reading LooksRare NFT Marketplace Upgrades to Version 2, Reducing Fees by 75%
Jeremy Hogan, a lawyer at the legal firm Hogan & Hogan, has recently declared in a series of tweets that the digital asset known as XRP, which is owned by Ripple, is not a security since it does not meet the criteria for what is known as a “investment contract.” Hogan contends that the United … Continue reading XRP Not a Security According to Hogan
The Winklevoss twins, co-founders of Gemini, have reportedly loaned their own money to support the cryptocurrency exchange during a period of market downturn. This news comes amid increased scrutiny from regulators, with both the U.S. Securities and Exchange Commission and the New York Department of Financial Services investigating Gemini’s activities. In January, the SEC charged … Continue reading Winklevoss Twins Fund Gemini Amid Crypto Downturn
Web3 technology has brought about significant transformations in Africa, particularly in the realm of finance. Blockchain technology and cryptocurrency have facilitated greater transparency and control over finances, leading to the growth of the Web3 economy in Africa. The trend continues to gain traction with the emergence of decentralized finance-based financial inclusion. One of the prominent … Continue reading Fonbnk and Tanda Partner to Launch Airtime Trading Marketplace in East Africa