America’s oldest bank BNY Mellon is the latest prominent institution to jump on the Bitcoin train. The bank has revealed that it will roll out a new cryptocurrency custody service to support Bitcoin and crypto financing. Judging by a blog post from 2019, it appears BNY Mellon has been
While the Central Bank of Nigeria has placed a ban on bitcoin and other crypto-related activities, another African bank is turning to Bitcoin for answers. Amid rising depreciation rates of the Shilling, Kenya’s Central Bank wants to switch its base currency to Bitcoin. For several decades, the Kenyan Shilling
Rising gas fees on the Ethereum blockchain is giving users and developers a reason to worry. Over the past year, Ether transaction fees have surged by over 35,000%, and this has forced one social media token project to close shop. As reported by BTC PEERS, the average gas fee
9-month-old X Æ A-Xii — pronounced “ex ash eh twelve” has become the youngest human to join the Dogecoin army. The toddler hodler is the son of Elon Musk and Claire Elise Boucher. The Tesla CEO and currently world’s richest man disclosed on Twitter that his 9-month-old son is now
Is cryptocurrency adoption finally upon us? This is the question that many crypto enthusiasts are asking. With hefty Bitcoin purchases from institutional players like MicroStrategy and Tesla, the signs are clear that everyone wants in on the action. According to Stripchat, an adult social streaming and entertainment platform, cryptocurrency is
The U.S. Treasury Secretary Janet Yellen has once again voiced her worries about the use of cryptocurrencies for illicit activities. Speaking at a financial sector innovation roundtable, Yellen warned of rising cyber-attacks and cryptocurrency-related crimes. The former Federal Reserve Chair did not outrightly condemn digital assets. While acknowledging their
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According to Mark Erhardt of Chaincode Labs, 88% of all Bitcoin transaction fees are higher than necessary. His assertion is based on data that reveals that only 12% of Bitcoin transaction inputs use SegWit. For the uninitiated, SegWit, otherwise known as Segregated Witness is a space-saving transaction format, which is
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Jigstack DAO--a permissionless DeFi protocol, is partnering with Bonded Finance, a Feb 4 press release reveals. Adopting a Differentiated Approach Decentralized Finance, or simply DeFi, is an emerging sub-sector aiming to re-create traditional finance by using smart contracts. For this, creators launch on decentralized and secure blockchain smart contracting platforms.
With behemoth payment processors like Visa, PayPal, and now MasterCard rolling out cryptocurrency services, mainstream crypto adoption may finally be in sight. Mastercard is the latest payments giant to hint at supporting digital currency transactions directly on its network. Nearly one billion customers across the globe will be able to
Press Releases
Press Release: Huobi DeFi Labs has partnered with Kava Labs for more leeway into the explosive and high yielding DeFi market. Huobi DeFi labs has capitalized on its strong working relationship with Kava Labs to bring HBTC and other native assets to the DeFi-based Kava ecosystem. This partnership promises to
Ethereum has continued to hit milestone after milestone this year; from reaching new all-time highs twice in the same month to rising to the third-largest staking network. The latest on the network’s list of achievements is the amount of staked Ethers on the Beacon Chain staking contract. The Ethereum
On February 5, 2021, the Nigerian government moved to put an end to all crypto-related activities in the country by asking financial institutions to go after those perceived to be trading in Bitcoin and other cryptocurrencies. But while the country’s central bank may have thought that it had put
Thanks to Tesla and a host of others for setting the pace, Bitcoin may soon witness a mass exodus of institutional money. According to Twitter’s chief financial officer Ned Segal, the social media giant is considering adding Bitcoin as an asset to its balance sheet. Segal told CNBC that
With major corporations like MicroStrategy, Square, and Tesla now vested in Bitcoin, it appears Bitcoin is finally putting assumptions to rest as a store of value. Speaking to CNBC’s Squawk Box, Grayscale’s CEO Michael Sonnenshein revealed that several big-money players want to follow in the footsteps of Tesla,
Following the success of the MicroStrategy World 2021 virtual conference and the level of enterprise interest for Bitcoin, Michael Saylor has decided to expand the scope of his Bitcoin crusade. The CEO has revealed that has created an educational course for anyone interested in understanding Bitcoin; what it is, its
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As reported by BTC PEERS, the Chicago Mercantile Exchange (CME) launched its Ethereum futures on February 8. On the same day, the product saw over $30 million worth of contracts, an indication that investors were actively interested in the world’s second-largest cryptocurrency. According to an update shared by the