Category: Blockchain

Serum (SRM) is an efficient decentralized exchange (DEX) leveraging cross-chain support to create personalised and innovative financial products. It will rebuild the DeFi network and decentralized derivatives market through its trustless cross-chain transactions. Most DeFi protocols run on the Ethereum (ETH) network, but high fees and slow transaction times have resulted in more and more

A lot of restructuring may be happening at the South Korean Financial Services Commission (FSC). Staff members were given a May 7 deadline to file a report detailing their cryptocurrency investments, as mandated by FSC Chairman Eun Sung-soo. Per the Korea Times news outlet, the report was made obligatory after concerns that some members of

Tesla Inc. has sold 10% of its Bitcoin holdings. In an investor call event, the electric vehicle maker reported its Q1 2021 earnings report and revealed the sale of $272 million of its Bitcoin holdings and a “$101 million positive impact”. The $272 million sale will leave at least $1.33 billion in Bitcoin on Tesla’s balance

The SEC has filed a motion to dismiss Ripple’s lack of due process and fair notice defence, which pinpoints that the fintech firm had not been warned beforehand that XRP was in violation of securities laws.  According to Ripple Labs, the US Securities and Exchange Commission did not give a fair warning that XRP transactions

Some of China’s State-owned banks are reportedly promoting the country’s Central Bank Digital Currency (CBDC) initiatives ahead of a May 5 Shopping Festival in Shanghai. The promotion of the CBDC, also known as the Digital Yuan (e-CNY) by the banks, is a political mandate designed as an alternative to Ant Group’s Alipay and Tencent’s WeChat Pay

Today, Bitcoin (BTC) rebounded strongly to $53K after plummeting to a low of around $47,000 on April 25.   Driven by the publicity and excitement of Coinbase’s direct listing, Bitcoin reached a record-high of $64,895 on April 14. However, since touching highs of $64,800, BTC has been in a downward state. The BTC bulls have actively defended the

After seeing a major bearish correction in the past week, Ethereum (ETH) is now back on its feet. The world’s second-largest digital currency by market capitalization traded as low as $2,060 amid the deep plunge the broader marketplace received. At the time of writing, Ethereum is trading at $2,449.66, representing an 11.20% gain over the

Matic Network provides scalable, secure, and instant Ethereum transactions designed to use Plasma side chains and a Proof-of-Stake (PoS) network to solve the pain points of slow block confirmation and high gas fees, thereby simplifying the interaction between users and the decentralized world. Due to the high transaction fees on the Ethereum network, more and

With the emergence of cryptocurrencies into mainstream finance and as a viable asset class, many industry experts have increasingly addressed the issue of sustainability, and how the current Bitcoin network can be tweaked to achieve better energy efficiency. While many industry leaders have increasingly resorted to a proof-of-stake model, which offers better energy efficiency and

Turkey’s Vebitcoin cryptocurrency exchange has made a disturbing announcement that it has halted all of its trading activities due to financial strains facing the firm. Vebitcoin announced: “Due to the recent interest in crypto, our transactions have become much more intense than expected. We regret that this situation has put us in a financially difficult