In a media press release dated November 11, 2022, the Monetary Authority of Singapore (MAS) and the New York Fed announced a collaboration project (Project Cedar) to explore potential enhancements to cross-border payments using wholesale Central Bank Digital Currencies (CBDCs). Project Cedar will investigate how wholesale central bank digital currencies (wCBDCs) could improve the efficiency […]

Ripple adherents have continued to fret over a recent U.S. Securities and Exchange Commission(SEC) win in a securities lawsuit filed against blockchain-based file-sharing network LBRY.

On-chain analysis provides a bird’s eye view of capital flows on the blockchain. On-chain analysts have consistently pointed to Uniglo as the leading presales based on one simple metric: capital allocation. Crypto enthusiasts from across the ecosystem rush to participate, and Flasko, Big Eyes, and IMPT holders have all begun targeting this presale. Uniglo.io Uniglo‘s […]

The Oryen Network’s Initial Coin Offering (ICO) gained the favour of its early holders as it amassed 110% profits in mere weeks after its first phase started. The incredible stats prove the unique features that make Oryen stand out. The network is on the path of revolutionizing DeFi. What puts Oryen Network as the new […]

Gate.io, in partnership with Aramanino LLP, has made its Merkle Tree Proof of Reserves solution, this being the second successful audit. The two firms conducted the first audit in 2020, which saw Gate.io become the first exchange to perform PoR worldwide. Aside from cryptographic Merkel Trees, the audit solution comprises certified third-party assessments, where Aramanino […]

Binance CEO Changpeng Zhao mentioned India’s high crypto taxes as something that can kill the Indian cryptocurrency sector. He said this while speaking at the Singapore Fintech Festival. “India has high tax which is probably going to kill the industry,” he said. He was referring to the 1% transaction tax and 30% capital gains tax […]

The cryptocurrency market has been attempting a price recovery after crashing hard in the last few days. According to data from crypto market intelligence platform Santiment, Ethereum sharks and whales have been the leading contributors to the price surge with their accumulation. Per Santiment’s data, Ethereum addresses holding between 100-1 million Ether (ETH) tokens added […]

The energy consumption of Bitcoin (BTC) mining rigs soars in the third quarter of 2022, according to a report by the Bitcoin Mining Council (BMC). The report shows a 41% rise year-on-year increase in the energy consumption of the largest cryptocurrency, although new efforts and technology have been deployed to mine BTC this past 12 […]

On November 2, 2022, the Fed raised its key interest rates by 75 basis points for the fourth time this year, bringing the target range for the federal funds rate to 3.75 to 4 percent. Immediately following the Fed rate announcement, the price of Bitcoin remained above US$20,000, as the markets had anticipated an interest […]

An open call for strategic partners and investors to lead Super Protocol’s next round has been issued. Super Protocol is an Intel SGX-powered decentralized platform designed to make confidential computing accessible to a wide audience of application developers. To facilitate the next generation of decentralized cloud services, Super Protocol is developing a distributed platform. Super […]