crypto blog
AAX and Banxa partner to enable crypto to fiat exchange and vice versa
World-leading on-and-off ramp solution for Web3 Banxa and top-grade crypto exchange AAX have entered into a partnership, Cointext learned from a press release. Clients can now buy fiat with crypto and vice versa through Banxa and with AAX. Ben Caselin, AAX Head of Strategy and Research, said: The partnership with Banxa will allow us to provide more options around the on and off-ramps into crypto and augment crypto-to-fiat liquidity, which is a critical element of AAX’s expansion work, especially as we engage the mainstream and enter new market frontiers. AAX is committed to the mainstream AAX is deeply committed to the mainstream as the first crypto exchange to adopt the Satoshi Standard (SATS) to drive Bitcoin adoption. It is on a mission to create and develop a liberati...
Bitcasino Launches World Cup Campaign with Raffle Prizes, including VIP Match Tickets
Tallinn, Estonia, 22nd June, 2022, Chainwire Bitcasino, one of the most popular crypto casinos, is celebrating this year’s FIFA World Cup in Qatar with a three-round raffle campaign for its players, occurring between June and September. Three lucky players will win World Cup VIP packages consisting of match tickets, yacht cruises, and 5-star accommodation and business class flights. Moreover, the platform will give out 25 other prizes during each round, including iPhones, iPads, Airpod Max headphones, and USDT rewards. Bitcasino players can join the raffles by opting in and depositing to get a ticket. Each player can collect a maximum of one ticket per draw. Most importantly, Bitcasino’s site will stream live every draw. The Bitcasino World Cup Raffle Campaign The first round of the World ...
Crypto brokerage FalconX raises $150M at $8B valuation
Despite the ongoing bearish trend in cryptocurrency markets, venture capital firms continue pouring capital into major industry players like FalconX. FalconX, the institutional-level digital asset platform and crypto brokerage, has raised $150 million in fresh funding as part of its Series D financing round. Completed in early June, the funding round values FalconX at $8 billion, more than doubling from its previous Series C-round valuation of $3.75 billion in August 2021, the firm announced to Cointelegraph on Wednesday. The firm has now raised more than $430 million in total. FalconX’s latest investment round was led by the Singaporean sovereign wealth fund GIC and Facebook’s Eduardo Saverin-backed B Capital Group. Other investors included prominent industry investors and VC firms like T...
Meet the Snoop Dogg impersonator who walked around NFT.NYC
A man impersonating the hip-hop icon Snopp Dogg went around NFT.NYC to fire things up at the nonfungible token (NFT) event. While the intention was to bring fun to the event, there were some mixed reactions from the online community. In a tweet, Kevin Collier shared his encounter with the fake Snoop Dogg at the NFT event at Times Square. According to Collier, the guy who dressed up as the well-known rapper was not really Snoop Dogg, but rather an impersonator that was hired to “drum up excitement.” Collier added that the experience “feels like a metaphor,” hinting at the copyright issues surrounding NFTs. Twitter user Regiscake shared a photo of the fake Snoop Dogg with his VIP nametag saying Doop Snogg: Holy shit that name tag tho https://t.co/s4e3TOJQCK pic.twitter.com/...
ECB head calls for separate framework to regulate crypto lending
A week after the major American crypto lending platform Celsius had to freeze the withdrawal option for its users, European Central Bank (ECB) president Christine Lagarde voiced her conviction on the necessity of tighter scrutiny over this part of the crypto market. During the testimony before the European Parliament on Monday, June 20, Christine Lagarde expressed her thoughts not only about the looming inflation in Europe and around the globe but also about the increasing activities of crypto-assets staking and lending. In Lagarde’s opinion, this trend demands additional regulatory efforts from the European Union (EU). Referring to the major regulatory package, making its way through the legislative routine, Markets in Crypto-Assets (MiCa), she even coined the term “MiCa II”: “MiCA ...
Binance-owned Trust Wallet adds buy option via Binance Connect
Trust Wallet, a major self-custodial cryptocurrency wallet owned by the Binance crypto exchange, has completed a significant integration to enable easier crypto purchases. The Trust Wallet platform has integrated Binance’s official fiat-to-crypto provider Binance Connect, allowing users to purchase more than 200 crypto assets directly from credit or debit cards, the firm announced to Cointelegraph on June 22. Trust Wallet’s new crypto buy option is designed to simplify the process of buying crypto, enabling verified Trust Wallet users to fund their wallet with more than 40 fiat currencies. In order to add funds on Trust Wallet via Binance Connect, users will need to proceed with the similar Know Your Customer (KYC) checks to those on Binance. “It will keep a similarly high standard and pro...
Underrated cryptocurrencies you can get on June 22: TITAN, WAVES and XCN
TitanSwap (TITAN), Waves (WAVES), and Chain (XCN) are some of the best tokens to get on June 22. In the last 24 hours, TITAN increased by 6%, WAVES by 15%, and XCN by 7%. All of these tokens have a bright future and could increase in value further. When it comes to underrated cryptocurrencies that you can get on June 22, 2022, TitanSwap (TITAN), Waves (WAVES), and Chain (XCN) are some of your best options. On June 17, 2022, TitanSwap announced that the TITAN cryptocurrency became supported by Coinbase Assets. The Waves contract became live on Kraken Futures as well, providing another way through which people can get exposure to this cryptocurrency. Then on June 20, 2022, Chain announced the launch of the XCN Bridge, which is powered by Wormhole. Users can access the permissionles...
Twitter board recommends shareholders vote for Elon Musk’s takeover
The Twitter board has unanimously recommended that shareholders vote in favor of Elon Musk’s takeover of the social media giant. Twitter’s board of directors initially accepted the $44 billion takeover bid at $54.20 per share in late April, and shareholder approval is the final hurdle to the deal going through bar any potentially erratic antics from Musk. According to a June 21 U.S. Securities and Exchange Commission (SEC) filing, Twitter’s board of directors unanimously determined that the “merger agreement is advisable” and have called on shareholders to vote in favor of the deal. The board stated that Twitter will be hosting a virtual meeting — at an unspecified date — to vote on the merger which has a deadline of Oct. 24. If the merger goes through, shareholders will receive $54.20 in ...
Blockchain isn’t as decentralized as you think: Defense agency report
Distributed ledger technology (DLT) and blockchains including Bitcoin and Ethereum may be more vulnerable to centralization risks than initially thought, according to Trail of Bits. The security firm on Tuesday released its report titled “Are Blockchains Decentralized?”, which was commissioned by the U.S. Government’s Defense Advanced Research Projects Agency (DARPA). The report aims to investigate whether blockchains including Bitcoin and Ethereum are truly decentralized, though the report appeared to focus largely on Bitcoin. Among its key findings, the security firm found that outdated Bitcoin nodes, unencrypted blockchain mining pools and a majority of unencrypted Bitcoin network traffic traversing over only a limited number of ISPs could leave room for various actors to garner e...
USDC’s ‘real volume’ flips Tether on Ethereum as total supply hits 55.9B
USD Coin is taking a run at the title of the top stablecoin in crypto after its daily ‘real volume’ on the Ethereum network doubled that of Tether’s USDT on Tuesday. According to crypto market data tool Messari, Circle’s USDC posted $1.1 billion in daily real volume on the Ethereum network on June 21, which was double USDT’s real volume of $579 million. Messari’s real volume metric is calculated by compiling data only from exchanges that it believes have “significant and legitimate crypto trading volumes” and thus differs to the more-commonly seen “total volume” metric. Exchanges included in Messari’s Real Volume metric include Binance, Bitfinex, Bitflyer, Bitstamp, Bittrex, Coinbase Pro, Gemini, itBit, Kraken, Poloniex, and those tracked on OnChainFX. 24 hr R...
Crypto influencers allegedly weaponize conspiracies to fleece QAnon followers
Two QAnon-affiliated conspiracy theorist influencers allegedly caused their followers millions of dollars in losses by running a cryptocurrency pump-and-dump scheme. The pair reportedly persuaded their thousands of followers to invest in a portfolio of cryptos, presenting a misleading mix of conspiratorial and genuine content along with claims about institutions backing the tokens to generate hype and raise the price of the portfolio. The allegations are included in an investigation by Logically, a group of data scientists and developers. It reported the two influencers running the Telegram channels “WhipLash347” and the “Quantum Stellar Initiative” (QSI) coordinated to promote lists of Stellar (XLM) altcoins which have been marked as fraudulent by the Stellar network. WhipLash347 is a Tel...
Why cross-chain interoperability matters for DeFi
The modern DEX is designed to take advantage of the benefits of both CEX and DEXs by leveraging innovative technologies to enable more efficient transactions. Since limitations are presented for both the modern CEX and DEX, many propose that for widespread asset adoption, a non-custodial platform that supports assets across many networks is needed. In theory, this experience would enable users to control their funds at all times without giving up the flexibility of a promising user experience. Polkadex has proposed this next exchange iteration as a decentralized peer-to-peer order book-based cryptocurrency exchange. The project aims to become the trading engine of Web3 by combining the advantages of CEXs and DEXs while eliminating the disadvantages of both. To achieve this, Polkadex has ta...
