Category: Blockchain

Cryptocurrencies Experience Record Outflows in Week 1 of 2022: CoinShares

As prices continued their tumble in the first trading week of 2022, digital asset manager CoinShares’ report showed that cryptocurrency investment had net outflows totalling a record $207 million. After experiencing four consecutive weeks of outflows since mid-December 2021, the cryptocurrency sector reached a total of $465 million, or 0.8% of total assets under management.

Cardano Forest to Become a Reality Atop the Achieved Funding Milestone

Cardano’s plans to become a climate-positive blockchain network are getting closer to being fulfilled as it has met the funding target for its Cardano Global Impact Challenge. The Cardano Foundation flagged off the challenge earlier last year with a partnership from Veritree, as it sought donations from members of the public to donate ADA coins

Ava Labs to Serve as Smart Contracts Platform for Turkish EV Maker TOGG

Ava Labs, the team behind the development and management of Avalanche public blockchain, has entered into a strategic partnership with Turkish Electric Vehicle (EV) manufacturer TOGG to serve as its smart contract infrastructure provider for its next generation self-driven cars.  The partnership was unveiled at the 2022 CES Summit in Las Vegas, U.S. As reported

Animoca Brands-Backed Lympo Protocol Suffers Hack With Over $162M Loss

The year 2022 might have opened with bearish dips for various protocols and tokens in the digital currency ecosystem. Still, it is now proving to be much worse for Lympo Protocol, a Sports Non-Fungible Token (NFT) platform that Animoca Brands power. According to a statement shared with its community members, the protocol suffered a cyberattack

Binance.US to Establish Office in Portals, the Metaverse Platform on the Solana Blockchain

The US branch of the world-leading Binance exchange, Binance.US, is opening an office in Portals, the Metaverse platform on the Solana blockchain. Portals is a web-based metaverse platform that allows users to explore buildings and interactive rooms. A cityscape is presented on this platform. Binance exchange is not the only exchange with Portals building space.

Kazakhstan-Based Crypto Miners Face Unprecedented Situation

Kazakhstan-based crypto miners have been witnessing an unprecedented situation as they find themselves surrounded by uncertainty due to political forces.  The country’s fast-growing cryptocurrency mining industry was affected last week when it was trapped in a nationwide internet shutdown amid a deadly uprising that began with protests in the west of Kazakhstan against a New

HK-based Coinsuper Under Scrutiny after Failed Transactions Since Nov 2021

Customers of Hong Kong-based Coinsuper have been unable to withdraw money or tokens from the bourse since late November, review from messages on the firm’s official Telegram chat showed. According to Bloomberg, five customers said that they had filed police reports after withdrawals were apparently frozen, leaving them unable to retrieve about a combined $55,000

Top Crypto Assets are in Fear Trajectory, Could this Signal a Bounce?

The crypto market continues to be in the red based on more liquidation, resulting in the leading cryptocurrencies being in the fear zone. Market insight provider Santiment confirmed: “Have we dipped low enough where there’s “blood in the streets?” According to crowd sentiment, there’s quite a bit of FUD & bearishness for BTC, ETH,

Spanish Lawmaker Tables a Proposal to be Bitcoin Mining Hub after Kazakhstan Internet Shutdown

Maria Munoz, a member of the Congress of Deputies, seeks to make Spain a Bitcoin mining hub while the turmoil is still rocking Kazakhstan. Munoz pointed out: “The protests in Kazakhstan have repercussions all over the world including Bitcoin. We propose that Spain position itself as a safe destination for investments in cryptocurrencies to develop

Bitso Inks Deal as the Official Sponsor of Sao Paulo Football Club

South American trading platform, Bitso has inked a partnership with the Sao Paulo Football Club to be the team’s official sponsor from now until the next three years. As reported by Aithority, the partnership will see Bitso’s brand logo incorporated and showcased on SPFC’s official team jerseys, a move that will expand the exchange’s continent