Author: News Room
Leading decentralized finance company Swell recently announced a partnership with premiere cryptocurrency exchange OKX. In their joint announcement, the two groups said they hoped to leverage a growing demand for fast and inexpensive crypto solutions. They added that by joining forces, they are helping to develop DeFi and Layer 2. OKX’s Layer 2 and Swell’s rested role together are workable because they operate with Polygon’s Crypto Development Kit. OKX has been very active in expanding its ecosystem with new partnerships. Swell is collaborating with OKX’s L2! 🤝🌊The new collaboration will unlock powerful synergies between Swell’s restaked rollup and @OKX’s L2,…
Copper.co, one of the absolute prime players in the digital asset custodian vertical, has collaborated with Apotos Foundation to advance the growth of incorporated blockchains. The incorporation will bring custody and in-built staking backing for Aptos, a separate L1 blockchain base created for upgradability, security and dependability in a decentralized network and builder ecosystem. Aptos on its part, is a delegated proof of stake (DPoS) L1 that utilizes the AptosBFTv4 consensus protocol. As per the agreement, the positioning of Aptos on the Copper base will provide the option for the customers of Copper to take advantage of the easy availability…
Circle has announced the integration of its USDC stablecoin natively into the zkSync ecosystem. The integration marks a progressive step in enhancing liquidity and usability within zkSync, a layer 2 scaling solution for Ethereum (ETH) that leverages zero-knowledge proofs for increased efficiency and reduced costs. According to the latest blog post from Circle, “The forthcoming native USDC on zkSync is set to usher in a new era of seamless transactions and integration capabilities for developers and institutional users alike. USDC, issued by Circle, will be native to zkSync and is the official form of USDC for the zkSync ecosystem.” The…
Bears have failed to hold the initaitive, according to CoinMarketCap. ETH/USD The rate of Ethereum (ETH) has risen by 1.42% over the last 24 hours. On the hourly chart, the price of the main altcoin is looking bullish as it is trying to break the local resistance of $3,591. If the daily bar closes above that mark, the growth may continue to the $3,650 zone. On the bigger time frame, one should focus on the candle closure in terms of the level of $3,677. If the rise continues to it, there is a high chance to see a breakout, followed…
In recent developments within the cryptocurrency market, Issuance.Swiss, a prominent financial firm based in Switzerland, has taken notable strides. They’ve unveiled three new exchange-traded products (ETPs) designed to provide investors with exposure to popular digital assets, coupled with the allure of staking rewards. Read the full article here
The cryptocurrency market saw a mixed performance early Wednesday, with Bitcoin and Ethereum remaining largely flat and all coins in the top 10 moving less than 3%—except for the resurgent Dogecoin. Bitcoin, the world’s largest cryptocurrency, has been trading sideways for the third day in a row after gaining a major bullish impulse in early 2024. Over the past 24 hours, Bitcoin has gone up 2%, rising from $69,056 to its current price of $70,715. The coin has been testing a resistance barrier at the $71,000 zone, which has kept prices on hold for the week. Every time Bitcoin broke…
Indonesia’s Financial Services Authority (OJK) takes over regulation of the crypto industry from the commodities agency Bappebti in January 2025. Crypto firms will have to pass an evaluation in a sandbox environment by the new regulator before they are granted approval to operate in the country. Crypto firms will need to be evaluated in a regulatory sandbox before they’re licensed to operate in Indonesia once supervision of the industry passes to the Financial Services Authority (OJK) in January 2025. “This aligns with our spirit at OJK, particularly in consumer protection and education,” Hasan Fawzi, the regulator’s head of supervision for…
Although darknet markets are far from 2021 levels, their crypto revenue has slightly rebounded since Hydra’s closure in 2022, analysts found. Darknet markets continue to show signs of recovery as their crypto revenue saw a rise in 2023 despite the sizable Hydra marketplace close in 2022. According to data published by blockchain forensics firm Chainalysis, fraud shops and darknet marketplaces saw their revenue increase to nearly $2 billion in 2023, up nearly 25% from figures for 2022. Darknet crypto revenue | Source: Chainalysis Following the shutdown of the Hydra marketplace, cybercriminals wasted no time in filling the void, with the…
Portugal has imposed a temporary halt on Sam Altman’s WorldCoin from collecting biometric data. The decision highlights escalating global concerns over privacy and data protection rights with technologies that harvest sensitive personal information. Portugal Bans WorldCoin WorldCoin, aimed at creating a unique digital ID and financial network through facial scans, has registered over 4.5 million individuals across 120 nations. Yet, the venture’s ambition hit a snag in Portugal, where the CNPD highlighted the acute risk to citizen data protection, citing the need for “urgent intervention.” The suspension, affecting a service that engaged over 300,000 Portuguese citizens, follows numerous complaints regarding…
According to Ricardo Da Ros, CEO of the crypto platform Patex, many crypto users in Latin America (LATAM) seem to prefer using centralized exchanges (CEXs) over decentralized ones. He attributes this preference to a culture in the region that “has been built on trust in authority.” Da Ros suggests that this culture, combined with the […] Read the full article here