Day: October 18, 2023

UK’s $252B in Crypto Activity Dominated by DEX Trading, NFT Swapping: Chainalysis

The United Kingdom has solidified its position as a cryptocurrency powerhouse within Central, Northern, and Western Europe (CNWE), according to a recent Chainalysis report. The UK has emerged as a leading force in the region, with a staggering $252.1 billion in raw transaction volume over the past year, ranking it third globally in this category, […]

Crypto Gaming’s Golden Frontier: NFTs, Gold Eggs, and Boundless Opportunities

In the world of blockchain gaming, where innovation knows no bounds, a game-changing play-to-earn experience has emerged. This game not only leverages the potential of NFTs but also connects them to tangible treasures like gold. Let’s delve into this groundbreaking journey! Gone are the days of investing countless hours into a game and reaping meager […]

Scroll Mainnet Debuts, Promising Enhanced Ethereum Scaling

Scroll, an Ethereum scaling solution, has officially launched its mainnet, marking a significant milestone in its journey to enhance Ethereum’s transaction capabilities. This development comes at a time when the Ethereum network is grappling with challenges related to transaction speed and escalating costs, primarily due to its growing adoption. Scroll’s innovative approach employs zero-knowledge (ZK) […]

BIS’ Basel Committee Proposes Mandatory Disclosure of Banks’ Crypto Exposure

The Basel Committee on Banking Supervision, operating under the Bank for International Settlements (BIS), has put forth a proposal that mandates banks to be transparent about their cryptocurrency exposure. This move is seen as a significant step towards ensuring transparency and accountability in the rapidly evolving financial landscape influenced by digital assets. On October 17, […]

Platypus Finance Recoups Majority of Stolen Assets After Exploit

In a significant turn of events, decentralized finance (DeFi) protocol Platypus Finance announced the recovery of 90% of its assets that were siphoned off in a recent security breach. This development comes as a relief to the DeFi community, which has been witnessing a series of attacks on various protocols. On October 12, Platypus Finance, […]

Fed Governor Bowman Expresses Concerns Over U.S. CBDC

The debate surrounding the potential introduction of a U.S. Central Bank Digital Currency (CBDC) has taken a new turn. U.S. Federal Reserve Governor Michelle Bowman recently voiced her reservations about the U.S. diving into the CBDC arena. Speaking at a Harvard Law School event in Washington, Bowman expressed skepticism about the tangible benefits of a […]

Wirex’s Dual-Mode Card: Bridging Traditional Finance and DeFi

Wirex, a prominent player in the fintech space, has unveiled its latest innovation: the Wirex Dual-Mode Card. This groundbreaking card is set to redefine the boundaries between traditional financial systems and the burgeoning world of decentralized finance (DeFi). The Wirex Dual-Mode Card is designed to offer users unparalleled flexibility. With its dual functionality, users can […]