In a major announcement, the central bank of Norway, Norges Bank, has said that the source code for its central bank digital currency (CBDC) sandbox is now publicly available. The central bank has trusted Ethereum to build its national digital currency and decided to work with Nahmii, a layer-2 Ethereum scaling protocol for the project.Continue reading “Norwegian central bank trusts Ethereum, credit goes to…”

Singapore-based DBS Bank, Southeast Asia’s largest bank, has entered into a partnership with The Sandbox – A blockchain-based gaming world. In doing so, it has now announced its venture into the Metaverse. DBS is Singapore’s first bank to venture into the Metaverse. The bank has suggested that it would keep looking for other Web 3.0Continue reading “DBS Bank joins hands with The Sandbox to enter the Metaverse”

Indian cryptocurrency trading platform WazirX revealed today that the Enforcement Directorate (ED) has unfrozen its bank accounts after its investigation. It is after nearly a month that the exchange would be assuming its banking operations. “After an in-depth internal investigation, WazirX noticed that most of the users whose information was sought by ED were already identifiedContinue reading “India: WazirX’s bank accounts unfrozen by Enforcement Directorate”

The Algorand Foundation is in the news today after it informed its community about the exposure it had to Singapore-based crypto-lender Hodlnaut. The latter is currently facing a liquidity crisis. The Algorand Foundation has a $35 million USDC exposure to the crippled lender. This comes as a matter of concern for the community because Hodlnaut suspendedContinue reading “Algorand reveals $35M hole in balance sheet owing to exposure to Hodlnaut”

Solana’s native token SOL registered a promising uptrend lately as its price grew over 10% in the last seven days. The price surge gave hope to investors for brighter days ahead. Though there have been several positive developments in the community in the past few days, the stability of this hike is still questionable. SeveralContinue reading “Solana [SOL] traders going long are unaware of this important info”

Chainlink is in the news today after it recently announced a couple of updates that could help LINK in this crypto-market.  According to one of these announcements, Chainlink has launched its new price feed that protects Web3 projects against data manipulation attacks and outlier events like flash crashes. With the help of this technology, creatorsContinue reading “Chainlink’s going green, but will LINK follow its suit too”

According to a tweet by Aave protocol, the plan to compensate Aave company members with $16.28M in retroactive financing for the development of Aave Protocol V3 has been green-lit. Now, the question – Did the community and prospective buyers rejoice in this development? New updates are here The V3 protocol aims to solve many problems.Continue reading “Aave V3’s funding news might have this impact on alt’s price action”

According to a new White House energy report, Cardano is the one of the largest proof of stake blockchains in the world in terms of electricity consumption and market valuation. This report issued by the White House aims to understand the cryptocurrency space’s impact on climate change. It also looked at whether there are anyContinue reading “White House’s eye on Cardano can take ADA in this direction”

Bitcoin, after falling to as low as $18,661 last week, registered promising growth as it gained by more than 9% in the last seven days. Its latest uptick sparked excitement in the community as enthusiasts and experts predicted a further surge in BTC’s price in the coming days. Several reports and analyses also seemed toContinue reading “How real is Bitcoin’s [BTC] next bull rally likely to be”

Ravencoin recently topped the table by becoming one of the market’s top gainers. In fact, it recorded a hike of over 83% in the last seven days. Needless to say, this excited many in the community, thanks to which, the crypto was soon ranking on the social volume front too.  At the time of writing,Continue reading “Is RVN’s recent pump a result of Ethereum Merge”

AVAX recently outperformed several top cryptos by registering a hike of nearly 10% over 7 days. While the price surged, several interesting developments happened on the network, all of which might have played a role in the alt’s uptrend. For instance, 45 million transactions were settled on Avalanche in August 2022 – A considerably highContinue reading “Assessing if AVAX will be able to maintain its uptrend in the short term”

Automated liquidity protocol Uniswap [UNI] steered its way to where it was two weeks back, despite many of its counterparts recording good gains. Despite making huge waves a week ago, it was surprising to see UNI’s price at the exact zone it was during the crypto-market’s capitulation.  At press time, UNI was trading at $6.54.Continue reading “How Uniswap [UNI] landed at this same spot is no mystery – Here’s the catch”