Paxful could be the latest company to be impacted negatively as a result of the truth that the worldwide peer-to-peer (P2P) market is rapidly losing popularity. Paxful CEO Ray Youssef announced in a blog post that the company will immediately begin shutting down its activities, and there is no guarantee that they will ever resume … Read more
After successfully launching the Solana ecosystem a year ago, authentic 90’s gaming and collectibles firm POG Digital NFTs is getting ready to launch on the Ethereum blockchain, the largest DeFi ecosystem. POG Digital claims (1) that the minting of NFTs on the Ethereum platform will begin on April 6 with a quantity of 4,444 units. … Read more
The SEC has announced a series of education programs that will focus on underrepresented groups and others. However, the SEC has also emphasized that competitors should be trained to take prudence while using cryptocurrency. In a statement made (1) on April 3, the Securities and Exchange Commission (SEC) stated that it would communicate to communities like high … Read more
The decentralized KuCoin Wallet is transitioning from its previous state as a straightforward Web 3.0 wallet to one that is capable of operating on a social finance (SocialFi) scale. The news regarding the rebranding was made on Monday, and it states that as of right now, KuCoin Wallet will be known as Halo Wallet. This … Read more
Version 3 of the PancakeSwap DEX has been released on Ethereum and BNB Chain, providing enhanced functionality and reduced transaction fees. (1) Reports indicate that Version 3 includes four distinct trading charge categories that boast the industry’s lowest on-chain trading costs compared to those of the decentralized exchange’s competitors. In this particular scenario, notable alternatives … Read more
The payment service provider Alchemy Pay, headquartered in Singapore, has taken its efforts to expand a step further. According to a news release, Alchemy Pay raised $10 million in venture funds, resulting in a valuation of $400 million for the company. (1) The Alchemy Pay Company Is Interested in Growing Its Business For what … Read more
Circle, the company that issues USDC stablecoins, was dealt a significant blow earlier this month when the Silicon Valley Bank (SVB) went bankrupt. SVB was Circle’s primary banking partner, and that partnership’s failure resulted in significant withdrawals of the USDC stablecoin. The USDC stablecoin at one point lost its USD peg, which caused more concerns; … Read more
Wakweli, a company that provides infrastructure services for Web 3.0, has signed a strategic collaboration agreement with Polygon, a layer-2 protocol that is based on Ethereum. Wakweli will expand its Non-Fungible Token (NFT) certification system to Polygon for the benefit of all applications based on the protocol, according to the terms of the agreement contained … Read more
An announcement was recently made regarding strategic cooperation between the Kraken cryptocurrency exchange and the English Formula One team Williams Racing. As a result of the cooperation, Kraken’s emblem will be displayed on the halo and rear wing of the FW45 race vehicle that Williams Racing will enter in the Formula 1 Rolex Australian Grand … Read more
The United Kingdom Treasury Department has disclosed that it would not carry out its initial plans to produce a non-fungible token (NFT). These plans have been in the works for some time. According to a proposal submitted in April 2022 by Rishi Sunak, who was serving as Chancellor of the Exchequer at the time and … Read more