Blockchain News

PayPal Sees a Q1 Record Following “Checkout With Crypto” Feature

Paypal delivered incredible growth in total payment volume and revenue in this year's first quarter, leading to a new record performance. Let’s look at how cryptocurrency affected those numbers.

Goldman Sachs Raises $15M for Coin Metrics

Coin Metrics, a Blockchain analytics firm, has gained a massive boost in funding led by Goldman Sachs. Let’s take a look at why the banking giants decided to fund the project.

UFC Continues to Dive Into NFTs, Leveraging CHILIZ to Launch UFC Fan Token on Socios.com

The UFC plans to take advantage of this interest by releasing their own NFT through Chiliz Summary: The world’s largest Mixed Martial Arts fighting tournament, the UFC (Ultimate Fighting Championship), plans to launch its own $UFC fan engagement token in cooperation with Chiliz on the Socios.com website.

Casey Neisat, Famous YouTuber, Tweets About ETH Amidst 20% Rally

YouTube famous Caisey Neisat, known for his amazing, creative, and inspiring videos, made a single Tweet, “Eth!”, as a rally of over 20% ensued.

CEO of Swipe Burns 17% of SXP Supply, 200M Dollars

Swipe is a platform that connects crypto and commerce. Ahead of the release of the V2 whitepaper, Joselito Lizarondo burned SXP tokens and provided a summary of what is to be expected.

Injective Claims “Unicorn Status” After Raising 10M and Over 50M Locked in Equinox Staking

Injective, a decentralized derivative exchange, just reached Unicorn status. The exchange seems to be on a non-stop mission as it has embarked on major collaboration and integration to grow its platform.

ETH Holding Onto Market Dominance as Broader Market Continues to Rally

The general market has been on a rally since the late last year 2020. The recent market domination by ETH and its breaking and doubling of its previous ATH are good signals of strength.

United Kingdom Designates Task Force to Explore Possibilities of Its Own CBDC

The United Kingdom continues to explore the possibility of its own Central Bank Digital Currency (CBDC), as governments and central banks around the world play catch up to China’s CBDC - the digital yuan.

OpenDAO migrates OPEN Tokens to pOPEN in Partnership with pNetwork

OpenDAO is advising customers to stop using the BurgerSwap bridge to convert its ERC20 OPEN tokens to BEP20. The change means that OPEN tokens on BSC will become pNetwork’s pOPEN tokens, replacing BurgerSwap’s bOPEN over time.

HyperJump Farming to Launch in the Fantom Zone

HyperJump is a Decentralized Finance (DeFi) project that is focused around Non-Fungible Tokens (NFTs). The team behind the protocol recently announced plans to expand this unique farming activity to Fantom by next week.

The National Football League Lagging the NFT Boom?

A call for the National Football League (NFL) to brace up to the NFT hype has been growing strongly lately from the community. NFTs also drive a unique type of economy for collectors and entertainers, driving in an immense amount of revenue for players involved.

Current State of the NFT Boom Cycle

The first three months of the year witnessed rocketing demand for NFTs, the market cap of NFT projects rose by 1,785%. Such has been the success of the sector it has begun to draw the interest and participation of celebrities such as Snoop Dogg, Tony Hawk, Lindsay Lohan, Grimes, Lewis Capaldi, and even Edward Snowden fomo-ing in on the NFT craze.

NFTs and Taxes: What to Know About the Unavoidable

Last week a leak from the White House revealed that President Biden plans to raise capital gains tax for wealthy Americans who earn over $1 million. The new rate at which the tax will be charged for the very richest in society will reportedly be 39.6%, almost doubling from the existing rate of 20%.

Digital Innovation Act Passed by Congress, Taking a Step Towards Efficient Regulation

On Tuesday, April 20, 2021, the house passed six bipartisan Financial Services bills, including Ranking Member Rep. Patrick McHenry’s (R.N.C.) proposed Eliminate Barriers to Innovation Act. This bill aims to improve crypto-regulation efficiency, as well as promote innovation in the sector in the U.S.

Golden State Warriors Announce NFT collection

Non-Fungible Tokens (NFTs) are going wild; the industry is getting rocked with news, events, and entries that have begun to shape the concept. And now the Golden State Warriors, the championship-winning NBA club, has just made history as they become the first professional sports team to launch an official NFT collection.

Project Update: Coinbase launches COIN on Nasdaq

April 2021 may be remembered as a landmark month for cryptocurrency, with the flotation of Coinbase on Nasdaq exposing traditional investors to the sector. Until now many US traders would ignore the blockchain sector, but Coinbase has planted a flag on the hill for the entire industry, making it impossible to overlook any longer.

Binance set to launch its groundbreaking NFT Marketplace.

Industry leader Binance, owners of the biggest exchange in the world in terms of volume, market cap, and user base (Binance Exchange) just announced the planned launch of its official NFT marketplace, coming June 2021.

Nifty Gateway Partners With Eminem to Release his First NFT

Nifty Gateway, a digital-asset marketplace, is releasing an NFT series in a partnership with rapper Eminem. These limited-edition NFTs will contain original beats by Eminem, becoming initially available at ShadyCon on April 25th.

Binance Incentives Doge Trading, Offers $100,000 Through a “Collect and Win” Promo

Dogecoin has had an incredible month of ups and downs this April; the coin still boasts a healthy 6x in a very short period of time. Now Binance is launching a “collect and win” competition for the coin, inviting users to capitalize even further on this runaway success story.

ForTube’s Outlook on DeFi and Lending Markets Alongside Fortube V3

ForTube has recently provided updates to their platform regarding decentralized finance (DeFi) and lending markets, culminating in ForTube V3. ForTube V3 provides effective solutions to the myriad of problems facing the Defi lending ecosystem including funding-pool limitations and transaction security.

A Look Into Binance Debit Card

Binance Visa card has proven to be a huge stride into delivering seamless crypto-based services as you can convert and spend your favorite cryptocurrencies. It is as simple as sending crypto from your spot wallet to your card wallet, thereby enabling you to spend crypto anytime at over 60 million merchants worldwide, according to the Binance Team.

Mark Cuban Invests in an NFT Tracking Tool, CryptoSlam

Billionaire Entrepreneur and celebrity judge at Shark Tank, Mark Cuban has invested in popular NFT aggregator site CryptoSlam. The strategic investment between Mark Cuban and cryptoSlam, an NFT collectible aggregator, was done through his VC entity ‘Radical Investments.’

BTCST CEO, Alex Zhao, Shares Insight on Why Bitcoin fees hit ATH’s

Over the past few days, there has been a 33% APY increase in the BTCST/BTC vault. The decentralized nature of the BTCST hash rate makes it unaffected by recent regional power outages.

Crypto.com Now Supports CAKE.

CAKE, the native token of the Automated Market Maker (AMM) and Decentralized Exchange (Dex) platform PancakeSwap, has been listed in many popular exchange platforms. Crypto.com, one of the foremost fiat/crypto exchanges, has now joined the list of platforms on which users can trade CAKE and spend it with their unique Visa card system.

Venmo Launches Crypto Support to Cater for Widespread Adoption

The Venmo application will now allow users to make transactions using cryptocurrency. This new feature will make it easy for users to own cryptos like Bitcoin, Ethereum and more.

ASAP Rocky Releases First Limited NFT Artwork

Non Fungible Tokens, popularly known as NFTs, are still gaining momentum and maintaining their relevance despite what seems like a pullback of the market. This time the news about NFT is emanating from famous Hip-Hop musician and entertainer ASAP Rocky releasing his own NFT art.

Jeff Bezos and Amazon Display Interest in Digital Currency Payment Service

There are speculations that Amazon is creating a cryptocurrency for the 'digital and emerging payments' division of the company. Major publications reported in February of this year that the e-commerce giants have already started recruiting staff in Mexico and Brazil.

Binance Launches High Yield DeFi Staking

Binance launched a new high yield DeFi staking activity on the 15th of April 2021. Presently, users can now stake USDC, HARD, XVS and earn almost 37.36% APY (Annual Percentage Yield).

Li Bao, Deputy Governor of the People’s Bank of China Acknowledges the Future Role of Encrypted Assets

China has expressed interest in crypto assets as both tools and as an alternative investment. In the past, the country's authorities have made several attempts to ban cryptocurrencies; it seems that China is changing its stance with an increased interest in adopting crypto and blockchain technology.

DOGE Coin Continues to Out-Perform the Broader Cryptocurrency Markets

What started as a meme coin in 2013 now ranks #5 on the coin market cap. The coin rallied over 9,392%. Dogecoin is now valued at over $34 billion and many are beginning to regard it as a long-term crypto giant.

5 Hot NFT Projects Across the Blockchain

Since the creation of NFTs (Non-fungible Tokens), the NFT community has been relatively small until 2021. Here are five projects that are poised to jumpstart the NFT community and help spread its influence across the DeFi landscape.

Binance Launches Tokenized Stocks With Zero Commission

Binance had earlier in the week announced the launch of coin stocks that will be tradable on its platform. The first to be listed on the Binance Stock Token feature is Tesla Inc. (TSLA), with Coinbase (COIN) following shortly after.

Coinbase Listing and What It Means for the Crypto Space

Coinbase listing is a significant milestone for the crypto space and is likely to result in new offerings from several crypto-related entities.

Binance Completes the 15th, and Largest, BNB Burn Event

Top crypto exchange and ecosystem Binance have just initiated and concluded its 15th quarterly burn event. More than 1 million BNB was burned, with the current value reaching $600 Million USD at today’s rate.

Microstrategy Switches from Fiat to Bitcoin to Pay its Directors

Microstrategy becomes the latest organization to adopt Bitcoin as a means of payment. The company will now pay its non-employee directors in Bitcoin.

Biden Administration is Wary of the Role of the Digital Yuan

The speed of China’s advancement in digital currency has left much of the rest of the world playing catch-up. While the US is concerned about the geopolitical consequences of China’s digital yuan, a number of other players have also entered the race.

Are Emerging Markets Missing Out On DeFi Growth?

Emerging markets and emerging economies hold immense promise for the adoption of decentralized finance. Some barriers have arisen for emerging markets as DeFi has experienced rapid growth. It is key that DeFi overcomes these issues that stand in its way.

Central Bank Digital Currencies and Airdrops

Central Bank Digital Currencies (CBDC) could provide access to reaching the unbanked as well as providing wider financial services. CBDC airdrops are currently ongoing in China as the PBoC is actively testing its digital currency.

Stellar Blockchain Experiences Glitch As Cryptocurrency Nodes Go Offline

Whole blockchain downtime isn’t a usual occurrence in the blockchain, especially for network facilitating transactions. The events may not be infrequent but could call for a certain level of concern regarding the network’s reliability and the certainty that the network nodes will always remain online. Stellar Blockchain, the number 13 cryptocurrency according to data aggregator Coinmarketcap reported a network node downtime yesterday but insistent that transaction continued despite the node going dark.

Micro BTC Futures Launch in May

CME Group has announced the expansion of its suite of crypto derivatives. Although it is still pending regulatory review, CME aims to serve a wider market with its new Micro Bitcoin futures contract which will be launched on May 3, 2021.

Binance’s Crypto Derivatives Platform Sees Record Open Interest of $10B

According to data platform, Coingecko, Binance 24h open interest hit a record high of above $10 billion, dwarfing that of other derivative platforms like Huobi, FTX, Okex, and Bybit. Binance continues to retain its position as the industry leader and number one exchange in the derivative business.

"Checkout with Crypto" Supports Millions of Merchants

Bitcoins volatile nature still makes it more of an instrument for investment than payments. Digital payment giant, PayPal, protects merchants from taking on the risks of volatility through Fiat settlements.

UFC Fighter, Khabib, Announces his own NFT Cards

Non Fungible Token (NFTs) hype is still high and fresh. The attention is drawing on mainstream mass media, with various actors and players on the scene taking a slice of the niche. Now UFC fighters such as Khabib are taking active roles in the market.

Controversial Crypto Social Media Bitclout gets a Cease and Desist

The latest social media experiment on the blockchain, Bitclout, has been shrouded with controversies as it started getting into Crypto Twitter’s significant profiles attention in the wrong way.

Binance Chain Mainnet Lowering of Fee Structure

This change focused on the Binance Chain mainnet and reduced multiple fees. Moving forward we can expect further proposals to lower fees on both the Binance Chain and the Binance Smart Chain as BNB price continues its steady accent higher.

MicroStrategy and Michael Saylors Significance

The recent purchase of Bitcoin by MicroStrategy's CEO, Michael Saylor, may be dicey. The volatility of the crypto market is one to suggest that the gamble may not pay off, but it has paid dividends since.

Ethereum Fighting to Hold DeFi Innovation or Just a Matter of Time Till Layer-2?

The issue of scalability and daunting gas fees seems to be a real problem for Vitalik and Ethereum. There is still hope for the Ethereum network in Ethereum 2.0 but layer-2 solutions need to be implemented ASAP.
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