The western coast of the little vacation town in the center of the Philippines is being developed into a “Bitcoin Island.“ Pouch, a cryptocurrency wallet service, has been actively promoting Bitcoin’s use on the island for the past four months. According to Pouch vice president Bill Mill, 120 businesses—both large and small—on Boracay have soContinue reading “Philippines resort will soon be called ‘Bitcoin Island’- Here’s why”

ETHPoW, in contrast to its recent development, rallied 44.85% from its value on 19 September. According to CoinMarketCap, the cryptocurrency went from $0.480 to trade at $6.73 at press time. For its investors, this could be a sigh of relief since the breakdown of servers led to a massive loss in value in one day.Continue reading “Why ETHPoW’s >40% surge post the Merge shouldn’t get miners all elated   “

Dubai’s Virtual Asset Regulatory Authority (VARA) has granted the Minimal Viable Product (MVP) license to the world’s largest cryptocurrency exchange, Binance, following which it can offer crypto-related services to both retail and institutional investors in the United Arab Emirates (UAE) from now onwards. Binance was issued a provisional license in March 2022. Opportunity to offerContinue reading “Dubai grants Binance the ‘Minimal Viable Product’ license- Here’s why”

Polygon [MATIC] has managed to piqued the curiosity of whales or so called dominant buyers in the past few days. Polygon’s recent collaborations and growing domination in the dapp and NFT market may have spurred this interest. Will Polygon be able to sustain whale interest for longer than anticipation?  Shopping Spree WhaleStats, a crypto whaleContinue reading “Polygon: Dominant MATIC investors should read this before going all in”

The U.S. Department of Treasury has asked the public to submit comments on digital assets, including cryptocurrencies. The Treasury has invited comments on the illicit uses of crypto and the proposed action plan in particular. The notice follows the Executive Order on 9 March 2022. Well, the Treasury has asked people to suggest additional stepsContinue reading “Why U.S. Treasury asked for public comments on crypto regulation”

U.K. based crypto market maker Wintermute became the victim of a hack earlier on 20 September. Wintermute CEO Evgeny Gaevoy informed users on Twitter about the exploit on the platform’s DeFi operations, which has led to a loss of about $160 million. “If you have a MM agreement with Wintermute, your funds are safe. ThereContinue reading “Wintermute: Everything to know about the $160M exploit”

Popular Indian crypto exchange WazirX has announced that it will initiate an auto conversion of all existing balances of the second largest stablecoin USDC, Pax Dollar (USDP), and True USD (TUSD).  Parallel action In the move that bears an uncanny resemblance to one announced by Binance, WazirX will convert balances of the specified stablecoins intoContinue reading “WazirX announces select stablecoins’ delisting, thanks to…”

Court filings made by Voyager Digital indicate that the bankrupt crypto lender is seeking to unwind a loan of $200 million that was extended to Alameda Research, Sam Bankman-Fried’s quantitative crypto trading firm. Repayment details The loan was initiated in September last year against the collateral of $160 million posted by Alameda Research. Upon repayment,Continue reading “Everything about Voyager seeking repayment of $200M loan to Alameda”

CryptoQuant analyst, Greatest_Trader, revealed that there was possible selling pressure from Bitcoin’s [BTC] long-term investors. This opinion may not be surprising, especially as BTC led its investors into losses after falling from $22,000 on 13 September. Since then, the king coin has failed to recover and has been trading below $20,000 for the past fewContinue reading “Bitcoin [BTC]: Is this the point where investors ‘call it quits’”

Bifrost finance, a leading parachain on Polkadot [DOT], posted a tweet  on 18 September. The tweet stated that Polkadot’s new staking protocol witnessed considerable growth with 121,551 vDOT successfully minted (tokens). And all this just within 30 hours of  the launch of vDOT.  However, the question remains: Will the success of this protocol impact DOT’sContinue reading “DOT may move to double-digits soon thanks to this Polkadot staking protocol”

At press time, CHZ was the only token that saw a significantly positive ROI in the last seven days amongst the top 40 coins based on market cap. The token traded at $0.2272 at press time with a growth of 10.36% in the last week. Evidently, the CHZ token has weathered the bearish storm andContinue reading “Is holding Chiliz essential for investors to beat the bear market”

After securing its place as the second largest POW blockchain, Dogecoin has set its sights on DOT as it managed to win back the tenth place in terms of market capitalization.  But the question is- Will the meme coin continue to grow? Dogecoin had lost its spot as one of the top coins in termsContinue reading “Dogecoin overtakes Polkadot but will it continue to climb upwards”