American multinational financial technology company, PayPal, officially announced today that all eligible customers in the United Kingdom can now buy, hold and sell cryptocurrencies using their PayPal accounts. PayPal is in the business of operating an online payments system in the majority of countries that support online money transfers and serves as an electronic alternative … Read more
Barely six weeks after Ethereum’s London hard fork upgrade went live, the network has burned over $1 billion worth of ETH. According to data collected from Ultrasound Money, over 310,000 ETH worth over $1 billion had been burned since the London upgrade. A hard fork occurs when there is a major alteration to the protocol … Read more
Over 200 smart contracts have been listed on the Cardano blockchain explorer following the Alonzo hard fork upgrade on Sunday. However, it appears that the smart contracts are in a timelock and cannot be used by developers until they’re released. Smart contracts have been a long-anticipated feature on Cardano since its launch in 2017 and … Read more
Laos, a country situated in Southeast Asia has authorized the mining and trading of cryptocurrencies. This move will help the country profit from Chinese miners as they can be an option in Asia for those who have suffered from the crackdown on digital currency mining in China. Many analysts have said the move was a … Read more
The price of AVAX hit a new All-Time High (ATH) as Avalanche Foundation announced that it had raised $230 million from a venture capital company spearheaded by Polychain and Three Arrows Capital. The purpose of the fund is reportedly for supporting the growth of the dynamic Decentralized Finance (DeFi) ecosystem. Avalanche is one of the … Read more
Coinbase, the first listed cryptocurrency exchange in the United States, announced it has applied to become a registered Futures Commission Merchant (FCM) with the National Futures Association (NFA). Coinbase made this announcement on Twitter in the Asian session stating, “Today, Coinbase filed an application with the NFA to register as an FCM – Futures Commission … Read more