Welcome to our blog. Here, you'll find exclusive content and expert commentary on the crypto world.
Record label set to launch NFT band made of virtual apes
The world’s leading record group, Universal Music, has partnered with NFT project Bored Ape Yacht Club to create music under the group name Kingship. The virtual group is to become the first to be signed up by Universal’s 10:22pm label, set up to be a ‘next-gen Web3 label’.
Forte raises US$ 725 million to grow gaming NFT services
The additional funds will help the company expand its services and add more game publishers to its platform, currently operating on an invitation-only basis.
As young churchgoers ditch cash, US religious leaders move to crypto-collections
According to a US Today report, the Sun Valley Community church in Phoenix, Arizona, is one of the religious organisations modernising their funding mechanisms to keep up with changing habits.
NYCCoin is created to give New York City its own crypto
The token has been created by CityCoins, the same business behind the Miami crypto protocol that so far has made the city over US$ 21 million in additional revenue.
Circle includes Japanese yen stablecoin in Asia expansion plans
Circle, the US-based issuer of the USD Coin (USDC), has announced plans to increase its presence in Asia, including a regional base in Singapore and investments in a Japanese yen stablecoin.
Crypto mining firm to develop hashpower trading platform
Bitcoin mining operator Titan has announced the creation of a new decentralised hashpower routing protocol it named Lumerin, with the aim to make hashpower tradable through smart contracts.
Home of NBA’s LA Lakers to be renamed Crypto.com
The deal, that reportedly cost Crypto.com US$ 700 million, will lead to the first name change for the famous sports and events arena since its opening in 1999, when the American office supply company Staples paid US$ 120 million to retain the naming rights for 20 years.
US$ 400 million in funding round
In a statement, the company said the additional funds would help it move forward with its growth strategy, including an expansion to its geographical footprint.
For Apple co-founder, Bitcoin is trustable ‘mathematical purity’
Apple co-founder Steve Wozniak has hailed Bitcoin as mathematical purity, created with what he described as a very trustable format.
Canada’s big pension funds enter crypto world
Recent moves by Canada’s two major pension funds have shown a shift by institutional investors towards digital assets.
Quentin Tarantino to auction unseen Pulp Fiction script scenes as NFTs
Hollywood film director Quentin Tarantino is the latest to join the NFT fray by putting six unseen scenes from Pulp Fiction up for auction as NFTs on the OpenSea marketplace.
New York’s new mayor opts for crypto salary
The newly-elected mayor of New York City, Eric Adams, has announced that he will take his first three monthly salaries in bitcoin.
El Salvador’s government to use bitcoin surplus to build crypto schools
The government of El Salvador announced it will use a surplus from its Bitcoin Trust to build 20 ‘bitcoin schools’ in the country. The Bitcoin Trust is where El Salvador’s government keeps the bitcoins it buys, currently totalling 1,120 BTC.
Venture capitalists invest record a mounts in blockchain-based businesses
The funding of cryptocurrency and Blockchain businesses by venture capitalists reached a new all-time high of US$ 6.5 billion in the third quarter of 2021, following an equally strong second quarter.
New Swiss digital exchange expected to go live by December
A senior member of Switzerland’s central bank, the Swiss National Bank, stated that one of the country’s most significant digital asset developments should become a reality by the end of the year.
US Treasury pushes for stablecoin regulatory controls
Stablecoins are cryptos designed to be fully backed by other assets, often global currencies like the US dollar or precious metals like gold.
Top Canadian bank official sees banking transformation through Blockchain
The CEO of the Royal Bank of Canada, Dave McKay, has said that Blockchain technology, artificial intelligence and the ‘internet of things’ are three innovations that will change the way banking is done.
First US Bitcoin ETF launch and the consequences for D¥NS
The ETF called “ProShares Bitcoin Strategy ETF”, whose negotiation code will be BITO, offers a new way of buying bitcoins from the stock market. ETFs are basically investment funds; they buy and store one or a thousand assets and, after that, they sell them just like any other stock. Finally, those stocks can be traded in the public market by anyone.
BNB tokens worth US$ 639 million are ‘burned’ by Binance
The move is part of Binance’s commitment to use profits to buy-back and burn BNBs on a quarterly basis. The plan is to continue with this process every quarter until 50% of the crypto’s issued tokens are burned, helping generate scarcity which may help increase the crypto’s worth.
Square Inc considers own Bitcoin mining system
Twitter CEO, Jack Dorsey, declared that his fintech company, Square Inc, is looking at ways to build an opensource Bitcoin mining system for both individuals and businesses.
Leading auction house seeks share of the NFT action
The platform is designed to allow individuals to buy NFTs using cryptos such as Ethereum and Bitcoin, as well as fiat currencies.
Crypto mergers and acquisitions likely to continue to accelerate
The number of crypto-related M&As this year is already double the number registered in 2020 and analysts believe the trend will continue into the next year.
Gambling agency in the UK to check status of football-themed Sorare website
The site is a fantasy football platform that deals in NFTs – non-fungible tokens – through cards of popular players, powered by the Ethereum Blockchain.
Brazil gains first NFT games-based investment fund
Brazil’s investment specialist Vitreo has announced the launch of the country’s first NFT and gamecoins-based investment fund. The aim is to make it easier for local residents to invest in the growing NFT world.
US Forbes’ richest list includes record number of crypto billionaires
The latest Forbes US Richest list brings, for the first time ever, seven billionaires who built their fortune through cryptocurrencies, totalling over US$ 55 billion in value.
US government agencies turn attention to crypto world
At the House Financial Services Committee hearing, Gensler was asked about crypto regulation and whether the SEC had a remit over the matter – a reference to questions over whether some crypto activities fall under the agency or the Commodity Futures Trading Commission.
Bank of England announces working groups tasked with shaping a future cryptocurrency
The groups are formed by companies with links to the crypto space as well as neobanks that have been growing in the country, including PayPal, Monzo and Starling Bank. Traditional players such as Visa and Mastercard are also invoved.
Global payment giant VISA takes major step to be a bridge between government cryptos
Visa, the payments giant, has taken another step in its attempts to make central bank digital currencies (CBDCs) interoperable. Visa’s concept, called Universal Payments Channel (UPC), is designed to ensure that different blockchain networks can be interconnected so that CBDCs can be easily moved across networks.
Coinbase announces service to allow paycheck deposits
According to a company statement, customers will be able to be paid in crypto or US dollars, choosing the percentage of the salary they want deposited into its system.
Miami mayor says crypto can generate US$ 60 million for the city
The city of Miami has so far earned US$ 7.1 million since August out of an initiative that gets its residents to use the CityCoins protocol. Under the scheme, residents hold and trade ‘MiamiCoin’ on the protocol and those running the software earn a share of the coins minted, with users getting 70% and the rest going to the city’s coffers.
Geothermal energy to power Bitcoin mining in El Salvador
El Salvador, the first country to adopt Bitcoin as legal tender, is now trying another innovation: mining Bitcoin by using volcanos as the energy source.
Europol arrests gang members involved with ransomware
Europol, the agency for cross-border police activities in Europe, has announced it arrested two people in Ukraine involved with ransomware attacks. The arrests are part of a crackdown on organised cybercrime gangs targeting businesses in Europe and North America.
George Soros’ investment firm confirms it is trading bitcoin
At a Bloomberg event, Soros Fund Management’s CEO, Dawn Fitzpatrick, stated that they owned some coins but ‘not a lot’. She went on to say that “the coins themselves are less interesting than the use cases of DeFi and things like that”.
D¥NS cryptocurrency will have its first "buy-back and burn" on Sept. 30
The D¥NS cryptocurrency is uniquely tied to the high-end real estate market, with revenue generated from the sale of D¥NS invested in Triple A commercial properties in major cities around the world. The buy-back and burn is funded with rental income from the properties in Dynasty’s portfolio.
Salvadoreans in the US given access to special bitcoin ATMs
In a series of tweets, El Salvador’s president, Nayib Bukele, said that the 50 special cash machines, knowns as Chivos, have been installed in cities like Los Angeles, San Francisco, Dallas, Atlanta and Chicago.
Use of China’s yuan mobile app is expanded
According to specialist crypto news site The Block, the move to open access to the app to 10% of the population is only the latest in a long and gradual rollout of China’s Central Bank digital currency.
Movie chain to accept more cryptos to buy cinema tickets in the US
The US cinema chain AMC has announced that, in addition to its plans to accept Bitcoin, it will also take payments in Ethereum, Litecoin and Bitcoin Cash to pay for tickets and concessions by the end of this year.
UK fintech Revolut pays for WeWork space in bitcoins
Revolut, a leading British fintech, has announced it started using Bitcoin to pay for the office space rented from WeWork at the US city of Dallas. The office is used to accommodate its 300 staff in the city, its largest base in the US.
Dynasty Global Investments AG among top 10 Swiss startups in 2021
Dynasty Global Investments AG has been selected for its innovative combination of digital and physical assets, as the D¥NS is a cryptocurrency with reference to the real estate sector.
Payments giant Mastercard to boost its crypto security credentials
Defending its decision to buy CipherTrace, Mastercard explained in a statement that “as digital assets, including cryptocurrencies and non-fungible tokens (NFTs), become more intertwined with everyday activities (…) trust and security will be critical enablers”.
Ukrainian parliament approves first steps towards making cryptos legal tender
The Ukrainian parliament unanimously approved a law that legalises and regulates cryptocurrencies, in a move widely believed to be a step towards making Bitcoin legal tender in the country. The bill now heads to the desk of President Volodymyr Zelensky, a strong supporter of having cryptos play a bigger role in the country’s economy.
Supermarket giant Walmart targeted in fake crypto news
A fake press release purporting to be issued by Walmart and announcing the supposed partnership was circulated and published by some news services, before the company issued a clarification.
Crypto exchange Coinbase announces US$1.5 billion offering
Crypto exchange Coinbase has announced plans to launch a US$ 1.5 billion private offering in senior notes.
Proposed Panama bill will regulate cryptos in the country
The initiative, put forward by Deputy Cenovia Vargas, also includes rules aimed at attracting investment from crypto mining companies.
Twitter’s Jack Dorsey plans decentralised Bitcoin exchange
The tech entrepreneur from Twitter and Square, Jack Dorsey, has been spelling out his original plans for a bitcoin exchange. In July, Dorsey said he was developing a project called TBD.
Cuban government announces plans to regulate cryptocurrencies
The move coincides with new attempts by the Communist regime to revive the country’s ailing economy.
El Salvador’s bitcoin wallet to go live in September with US$ 30 incentive
In a Twitter thread, President Bukele stressed that the use of the Chivo wallet is optional but that it will allow users to make payments in Bitcoin or US dollars between individuals and businesses wherever they are in the world.
Payment platform PayPal to allow UK users to trade and learn about cryptos
According to PayPal, customers will be able to use four types of cryptos – Bitcoin, Ethereum, Litecoin and Bitcoin Cash – from its app and website in the country.
Global exchange Coinbase builds war chest to face regulatory challenges
Crypto exchange giant Coinbase has stockpiled over US$ 4 billion in preparation for a possible regulatory crackdown, according to its CFO, Alesia Haas.
Binance tightens KYC requirements to improve compliance standards
Under the new ‘Know Your Client’ policy, which went live immediately, new customers will need to provide government-issued ID as well as facial verification.
Crypto tokens helped pay for Messi’s PSG transfer
PSG is not alone in issuing fan tokens, a type of cryptocurrency that also gives a level of say in how the club is run. Other teams with similar tokens include England’s Manchester City, Italy’s AC Milan and Messi’s former club, Barcelona.
US cinema chain plans to accept Bitcoin payments
The information was provided by AMC’s CEO, Adam Aron, during the company’s latest quarterly earnings call.
Poly Network attacker begins returning stolen haul
The hacker responsible for the US$ 611 million Poly Network attack has started returning the crypto assets stolen. The move follows reports that the attacker’s identity was obtained by a specialist Blockchain security company.
NFT game Axie Infinity has crossed USD 1 billion in sales
The Pokémon-inspired and Ethereum-based NFT game, Axie Infinity, broke the US$ 1 billion mark, far ahead of its nearest rival. The Blockchain-based game, launched in 2018, has more than a million daily active users and nearly as many owners.
Senator moves to allow cryptos in Uruguay’s financial system
In a statement issued via social media, the Senator explained that cryptocurrencies are “an opportunity to create investment and work” in Uruguay.
Ethereum pledges to cut its energy consumption
The founder of the Ethereum cryptocurrency, Vitalik Buterin, sees the coin becoming more energy efficient following the recent rollout of its London upgrade.
Stablecoin creator Circle sets eyes on becoming a US bank
In a recent regulatory filing with US authorities, Circle stated that a banking framework would reduce risks, including its reliance on third-party payment systems.
Number of global crypto users more than doubles in six months
Research by the crypto financial platform, Crypto.com, showed that the global market size of crypto users jumped to 221 million in July, from 106 million at the beginning of the year.
Binance moves to close crypto derivatives offer in Europe
The troubled crypto exchange Binance has announced the suspension of derivatives trading in Europe, beginning with operations in Germany, the Netherlands and Italy.
US Congressman proposes bill to regulate digital assets
The proposed ‘Digital Asset Market Structure and Investor Protection Act’ aims to define the treatment of crypto products under existing laws in the United States.
PayPal looks at smart contracts as route to expand crypto presence
PayPal CEO, Dan Schulman, has indicated that the global payments company is accelerating its focus on cryptocurrency technology. He stated that PayPal remains committed to allowing transfers to third-party wallets.
Ethereum market growth outpaces Bitcoin in first half of 2021
Coinbase stated that Ether’s trading volume reached US$1.4 trillion during that period, a 1,461% rise compared to the same period in 2020.
Germany allows crypto assets to institutional investment portfolios
The so-called Spezialfonds with fixed investment rules will be allowed to have up to 20% of their holdings in crypto assets like Bitcoin. These funds currently manage over US$2 trillion and are only open to institutional investors.
Is crypto the solution, not the problem for money laundering?
According to Matthew Van Buskirk, a consultant and US government regulator, the answer to dealing with potential criminal activities using cryptos is to understand how the digital currency world works.
Elon Musk renews his commitment to cryptocurrencies
The statement was made during a crypto discussion panel also involving Twitter CEO, Jack Dorsey, and ARK Invest CEO, Cathie Wood.
Crypto exchange FTX draws US$900 million from new investment round
The new round, believed to be a record for the sector, involved around 60 investors, including SoftBank and Sequoia Capital.
Dynasty CEO targets US$2 billion in revenues from crypto D¥NS
In an interview with LATOKEN exchange Regional Manager Terrence Duncan, Mr. Carvalho explained that proceeds from the sales of D¥NS tokens will be used to invest in premium high-end commercial properties around the world.
Cryptos to be accepted at electric car charging stations
Electric car charging points in Europe will take crypto payments
Innovative D¥NS cryptocurrency makes its debut at major exchanges worldwide
The release via global exchanges follows a successful round of private sales to investors that met the company’s targets.
El Salvador citizens set to receive US$ 30 worth of bitcoin
The promise was made as the president unveiled details of the plan to make El Salvador the first country in the world to adopt bitcoin as legal tender, as of September this year.
Coinbase CEO seeks inspiration from Apple for plans to create a crypto app
In a post published on the 29th of June, Armstrong said he has sought inspiration in Apple’s successful concept which created an app ecosystem around its App Store.
Square and Blockstream join forces to develop solar-powered bitcoin mining
As part of the agreement, Square will invest US$ 5 million into the project, with Blockstream providing the infrastructure and expertise to develop and manage it.
Paxful launches e-commerce tool for cryptocurrencies
The tool, called Paxful Pay, will allow consumers to use almost 400 different payment methods to be converted to Bitcoins.
El Salvador´s Congress has approved a bill making it the first country to turn Bitcoin into legal tender
According to President Nayib Bukele, the move will make it easier for Salvadorans living abroad to send payments home. The country benefits from annual remittances totalling around US$ 4 billion, making up around 20% of the country’s GDP.
Record pace for crypto exchanges in May
The information comes from the volume index created by The Block, a specialized US digital asset research and information service. Results are based on data generated from the largest crypto exchanges.
Cash, card or crypto? US convenience store chain will take cryptocurrencies to pay for goods and fuel
Scheetz explores new payment offers to their customers.
Maverick investor Carl Icahn considers investing in cryptocurrencies
Activist investor Carl Icahn has signalled he may enter the cryptocurrency market in a ‘big way’, considering investing more than US$ 1 billion.
In the Netherlands, Domino’s staff can be paid in Bitcoin
The move was designed to engage workers, mostly students, in learning more about the financial market.
Google searches for info on cryptocurrencies hit a new high
The crypto market is setting records in the world’s largest search engine.
Execs moving to crypto from other areas: Trend also reaches Brazil
The willingness from executives like Macos Jarne to be part of the crypto market is a sign of the changes cryptocurrencies are making in global economy.
Paypal: Demand for cryptocurrencies is above expectation
The use of credit cards should fall in the next years while the cryptocurrencies take over a bigger role in the global economy.