Elizabeth Wilson - CryptocyNews.com

Elizabeth Wilson

VanEck Donating 10% Returns from Ether ETF to Developers for 10 Years

VanEck Donating 10% Returns from Ether ETF to Developers for 10 Years

October 1, 2023 by Elizabeth Wilson

The significant development in the crypto industry has revitalized the growth of the Ethereum ecosystem. The rich ecosystem has inspired the developers to build cutting-edge tools and establish best practices that will fuel the high adoption of the Ethereum network. In an…

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Brazil Releases Blockchain-Powered Digital ID to Improve Data Security

Brazil Releases Blockchain-Powered Digital ID to Improve Data Security

October 1, 2023 by Elizabeth Wilson

As Brazil continues to witness a surge in crypto adoption, the regulators are taking strategic action to nurture the attractiveness of the digital sector. An official announcement by the Brazilian authority revealed that the government plans to roll out a blockchain-powered digital…

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Gemini Eyeing for Indian Expansion, Invests $24M in Establishing Gurgaon Office

Gemini Eyeing for Indian Expansion, Invests $24M in Establishing Gurgaon Office

September 28, 2023 by Elizabeth Wilson

In an advanced report, crypto exchange Gemini revealed plans to expand to India. The Gemini report indicated that the firm will invest approximately $24 million, equivalent to 2 billion rupees, in entering the vibrant Indian market. A review of Gemini’s expansion plan…

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Foundry Report Says Texas Generates 30% of Total Bitcoin Hash Rate in the US

Foundry Report Says Texas Generates 30% of Total Bitcoin Hash Rate in the US

September 28, 2023 by Elizabeth Wilson

Foundry, the US-based crypto mining service provider, has shared a report on the amount of Bitcoin hash rates generated in the region. The report demonstrated that Texas leads other states in developing Bitcoin hash rates. Per Foundry report, Texas generates approximately 28.5%…

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BIS Official Outlines 3 Requirements for Supporting CBDC Adoption

BIS Official Outlines 3 Requirements for Supporting CBDC Adoption

September 28, 2023 by Elizabeth Wilson

In an advance communication, the Bank of International Settlements (BIS) outlined the factors that will contribute to the adoption of the Central Bank Digital Currency (CBDC). The September 27 report illustrated the need to develop a legal framework that protects the user’s…

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Chase Bank UK to Restrict Crypto Transactions in October

Chase Bank UK to Restrict Crypto Transactions in October

September 27, 2023 by Elizabeth Wilson

JPMorgan financial arm Chase Bank announced plans to impose restrictions on crypto transactions in the UK. In a blog post, the Chase bank team confirmed that from October 16, UK retail and institutional clients will be restricted from engaging in crypto transactions….

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mBridge CBDC Project Set to Onboard New Participants in the Launching of Minimum Viable Product

mBridge CBDC Project Set to Onboard New Participants in the Launching of Minimum Viable Product

September 26, 2023 by Elizabeth Wilson

On September 22, the chief executive of the Hong Kong Monetary Authority (HKMA), Eddie Yue, confirmed that the mBridge project expects significant development in the coming days. The CEO delivered his keynote speech at the 2023 Bund Summit in Shanghai China outlining…

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Hackers Compromises Mixin Network’s Cloud Services Heisting $200 Million

Hackers Compromises Mixin Network’s Cloud Services Heisting $200 Million

September 25, 2023 by Elizabeth Wilson

Mixin Network, prominent blockchain protocol that addresses scalability concerns, has suffered loss of substantial assets after the hackers compromised its database. In a September 23 update, the Mixin team lamented that hackers launched a malicious attack on the protocol, draining assets worth…

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Terra Classic Community Calls for Suspension of USTC Minting to Support Stablecoin Repegging

Terra Classic Community Calls for Suspension of USTC Minting to Support Stablecoin Repegging

September 24, 2023 by Elizabeth Wilson

Since 2022, the Terra Classic community has been pursuing ways to repeg its stablecoin USTC, which formed a bearish market structure. In a recent report, the Terra community suggested that the stablecoin issuer should cease minting digital assets. Also, the community urged…

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Coinbase CEO Opposes AI Regulation

Coinbase CEO Opposes AI Regulation

September 23, 2023 by Elizabeth Wilson

In a recent X post (formerly Twitter), the chief executive of Coinbase, Brian Armstrong, opposed regulating the use case of artificial intelligence (AI) technology. Despite the inherent risk associated with the adoption of AI technologies, the CEO urged regulators to impose policies…

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Mt. Gox Trustee Prolongs Deadline for Creditor Repayments to Next Year

Mt. Gox Trustee Prolongs Deadline for Creditor Repayments to Next Year

September 22, 2023 by Elizabeth Wilson

The Japanese Bitcoin exchange platform Mt. Gox has prolonged the deadline for repaying the creditors to next year. A letter penned by Nobuaki Kobayashi, the head of trustee, illustrated that the repayment period has been moved to October 31, 2024. The trustee…

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Apple and Goldman Sachs Abandon Plans for Launching Trading Application

Apple and Goldman Sachs Abandon Plans for Launching Trading Application

September 21, 2023 by Elizabeth Wilson

On Wednesday, September 20, the fast-paced tech and investment companies Apple and Goldman Sachs dropped plans to launch a trading application. A source privy to the matter said the proposed futures trading application was supposed to be launched last year. However, due…

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Chamber of Digital Commerce Launching Digital Power Network to Support Crypto Miners

Chamber of Digital Commerce Launching Digital Power Network to Support Crypto Miners

September 20, 2023 by Elizabeth Wilson

In an advanced report, the Chamber of Digital Commerce (CDC) revealed plans to launch an strategic coalition dubbed Digital Power Network (DPN) to support the agency in promoting innovation. The launching of DPN aims to support the organization in establishing robust trade…

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Bitbuy Closes Strategic Partnership with Localcoin to Improve Crypto Adoption

Bitbuy Closes Strategic Partnership with Localcoin to Improve Crypto Adoption

September 19, 2023 by Elizabeth Wilson

On Monday, September 18, the fast-paced fintech company in Canada inked a strategic partnership agreement with Localcoin, a crypto ATM provider. A blog post by Bitbuy’s parent company, WonderFi Technologies, indicated that the two partners will promote crypto adoption and improve accessibility…

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Hacker Compromises Mark Cuban Wallet Draining Assets Worth $870,000

Hacker Compromises Mark Cuban Wallet Draining Assets Worth $870,000

September 17, 2023 by Elizabeth Wilson

On Friday, September 15, renowned crypto mogul Mark Cuban fell victim to a phishing attack that resulted in the loss of a substantial amount of assets. Reports indicated that hackers drained assets with $87000 from Cuban’s hot wallet. The incident was first…

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BitGo Join Forces with Swan to Establish Bitcoin-Only Trust Company

BitGo Join Forces with Swan to Establish Bitcoin-Only Trust Company

September 16, 2023 by Elizabeth Wilson

A joint report by BitGo and Swan Bitcoin revealed plans to launch the first-ever Bitcoin-only trust company. The proposed Bitcoin-only trust seeks to provide custodial service at minimum exposure to crypto assets. In the September 15 report, BitGo and Swan revealed that…

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Bitwave Acquires Gilded to Strengthen its Enterprise Solution

Bitwave Acquires Gilded to Strengthen its Enterprise Solution

September 15, 2023 by Elizabeth Wilson

Bitwave, the leading developer of financial software in San Francisco, California, has revealed plans to acquire Gilded at an undisclosed amount. In a blog post, the Bitwave team announced that the mergers and acquisition (M&A) aims at strengthening enterprise solutions, including crypto…

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PayPal Debuts On and Off Ramp Services for US Users

PayPal Debuts On and Off Ramp Services for US Users

September 14, 2023 by Elizabeth Wilson

PayPal Holding Inc. has launched new on-ramp and off-ramp services to support Web3 payments for US retail and institutional clients. Launching new features seeks to redefine the payment company capabilities to allow US users to transfer their crypto assets directly to cash…

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Binance to Donate BNB Worth $3 Million to Morocco Earthquake Victims

Binance to Donate BNB Worth $3 Million to Morocco Earthquake Victims

September 13, 2023 by Elizabeth Wilson

On Friday, September 8, a strong earthquake of magnitude 6.8 struck Morocco, leading to massive loss of lives and destruction of property. The earthquake claimed over 2800 lives and left 2,500 Moroccans injured. A press release from the Moroccan government demonstrated that…

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El Salvador Introduces Bitcoin Education to Public Schools

El Salvador Introduces Bitcoin Education to Public Schools

September 11, 2023 by Elizabeth Wilson

The pursuit to become the leading crypto hub in Central America has forced El Salvador to invest in improving its business attractiveness to push for mainstream adoption of Bitcoin. On September 8, the Salvadorian Ministry of Education officially launched the pilot program…

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Name	Price	24H (%)
Bitcoin (BTC)	$27,617.00	-1.25%
Ethereum (ETH)	$1,665.15	-3.96%
Tether (USDT)	$1.00	0.04%
BNB (BNB)	$214.87	-1.42%
XRP (XRP)	$0.51	-2.10%
Cardano (ADA)	$0.259674	-2.34%
Polkadot (DOT)	$4.13	-3.23%
Litecoin (LTC)	$66.09	-3.20%
Chainlink (LINK)	$7.47	-7.10%
Uniswap (UNI)	$4.47	-3.98%