Blockchain

ShapeShift, a leading non-custodial cryptocurrency exchange, is planning to open-source its platform and dissolve its entire corporate structure — an unprecedented move that underscores the company’s commitment to decentralization.  Largest airdrop in history As part of its decentralization pledge, ShapeShift plans to airdrop 340 million FOX tokens to over one million users who traded $1

The bank of New York Mellon, America’s oldest bank, has signed an agreement with cryptocurrency asset manager Grayscale Investments to provide a set of services to its flagship Bitcoin (BTC) investment product. Grayscale officially announced Tuesday that it selected BNY Mellon as an asset servicing provider for Grayscale Bitcoin Trust (GBTC), a major digital currency

Institutional investors are yet to regain confidence in the crypto markets, with weekly crypto investment product volume dropping to its lowest level since October 2020. According to CoinShares’ July 12 Digital Asset Fund Flows Weekly report, $1.58 billion worth of digital asset products changed hands between July 5 and July 9. Crypto investment products also

The debut of Nifty’s social NFT platform came with much fanfare on Monday after the company announced a major partnership with Warner Bros. and $10 million in seed investments from some of blockchain’s biggest venture firms.  Through its Warner Bros. partnership, Nifty’s will launch a collection of limited-edition NFTs featuring characters from the upcoming movie

Last week Axie Infinity’s AXS token went on an impressive parabolic run and hit a new all-time high at $19.60.  Small Love Potion (SLP), a token in the Axie Infinity (AXS) ecosystem that is minted through gameplay as a reward to users, also broke out with a triple digit gain. SLP can then be used

The concerns voiced about the consensus mechanisms of Bitcoin (BTC) and Ethereum (ETH) have played a part in the sideways price action both assets have seen over the past two months, opening the door for other competing projects to gain attention.  One project that managed to overcome the sideways action in the market and rally

On July 9 Bitcoin and the wider cryptocurrency market saw a moderate relief rally that helped recover some of the losses seen on Thursday but a handful of analysts continue to caution that BTC could still drop to the $24,000 to $29,000 range in the short-term.  Data from Cointelegraph Markets Pro and TradingView shows that the price of

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. China crackdown: Week 7 The summer of crackdowns continued this week, making it seven weeks since the initial announcement on May 18 that

Turkey’s crypto userbase grew more than 11 times over the last year, a new survey from Turkish crypto exchange Paribu shows.  The “Cryptocurrency Awareness and Perception Survey 2021” was conducted by Akademetre Research, revealing the perceptions and behaviors of Turkish citizens toward Bitcoin (BTC) and other cryptocurrencies. The first such survey was completed in 2020.

As Bitcoin (BTC) continues sideways inside the $30,000-$40,000 range, new data is emerging about the potential for a bullish breakout. Is Bitcoin silently readying for a breakout like in Q4 2020?  Willy Woo, an on-chain analyst, anticipates a potential supply shock in the Bitcoin market as long-term holders continued raking BTC supply from short-term ones. Woo

Aave hovered near its three-week high on Tuesday, helped by the prospects of its foray into the mainstream through the launch of an institutional lending platform. Fundamentals Dubbed as Aave Pro, the platform expects to become a “permissioned liquidity protocol” by offering institutions, corporates, and fintech clients access to decentralized finance (DeFi). That said, it would

The State Bank of Vietnam is reportedly set to become the latest central bank to delve into explorations of the feasibility and operationally of central bank digital currencies (CBDCs).  Its brief, distinct from some other countries, is to trial a digital currency that would expressly be built on blockchain technology, rather than a centralized protocol.

Europe knows it will have to embrace a digital euro soon. To become a global digital leader and avoid dependence on American and Asian technological infrastructures, European policymakers and regulators have to make progressive decisions. A critical stumbling block for Europe’s digital economic thinking is so-called stablecoins. Stablecoins can be privately issued and have the

As if 2020 didn’t provide enough nail-biting moments, 2021 is shaping up to be quite an interesting year for cryptocurrency. With the price of Bitcoin (BTC) floating around the $35,000 mark, skeptics and pundits are flocking to the streets of social media to celebrate the long-awaited demise of the decentralized economy. Of course, they quite

Bithumb, a major South Korean cryptocurrency exchange, is moving forward with trading restrictions for its employees by banning its staff from trading on its platform. According to an official Friday announcement, Bithumb will completely ban its employees from buying or selling crypto using a Bithumb account starting this month. The restriction intends to strengthen internal

Twitter CEO Jack Dorsey has again rejected the idea of him buying into Ether (ETH) despite the social media platform’s activities with Ethereum-based nonfungible tokens (NFTs). On Wednesday, the social media platform announced a giveaway through Rarible, a major NFT platform utilizing the Ethereum blockchain network for minting digital collectible tokens. But despite Twitter releasing

Institutions are holding their breath when it comes to buying more Bitcoin (BTC), even at $34,000. According to data covering BTC balances on major exchange Coinbase, little mass buying has occurred in recent weeks. Institutional demand “still low,” says analyst Despite BTC/USD trading at over 50% below its recent all-time highs, there is curiously little

Bitcoin (BTC) miners are “unlikely” to pressure BTC price by selling coins in the coming weeks, new data says. As part of its latest weekly report, The Week On-chain, analytics resource Glassnode sought to allay fears of another large miner sell-off. Difficulty drop a gift to remaining miners Amid the ongoing transfer of mining equipment