NFT transactions exceeded $ 250 million in 2020

Cryptocurrency NewsBy 15/02/2021

According to NonFungible and L’Atelier, non-fungible token transactions (NFTs) have grown from $ 62 million in 2019 to over $ 250 million in 2020. The number of active wallets increased by 97%. NFTs are unique ERC-721 digital assets serving as collectible items, from game cards to luxury goods. The NFT market has seen astonishing growth in the past year. The use cases for non-replaceable tokens have expanded, the number of buyers is growing, and many…

Craig Wright compared Bitcoin to the Ponzi scheme

Cryptocurrency NewsBy 15/02/2021

Australian entrepreneur Craig Wright has once again announced that he is the creator of Bitcoin and compared the first cryptocurrency to a pyramid scheme. In an interview with The Times, the self-proclaimed Bitcoin creator likened the first cryptocurrency to Bernard Madoff’s $ 65 billion Ponzi scheme. “The price goes up because people pay. But it never lasts forever. Good old Charles Ponzi did it too. And Mr. Madoff … In the end, people leave. ”…

Blockchains LLC will begin construction of a smart city in the Nevada desert in 2022

Cryptocurrency NewsBy 15/02/2021

Blockchains LLC is stepping up its plans to build a blockchain smart city in the Nevada desert east of Reno. The company first came up with this idea in 2018. In an interview with the Associated Press, Blockchains LLC CEO Jeffrey Berns said he asked the state of Nevada to allow it to form local government on the 67,000 acres the firm owns in Storey County. If his petition is successful, the company will be…

Nervos launches $ 5 million fund to finance DeFi projects

Cryptocurrency NewsBy 11/02/2021

Chinese project Nervos has launched a $ 5 million fund to support cryptocurrency firms and decentralized finance (DeFi) projects. The Nervos management announced that the fund was created to provide grants to firms working in financial technology and blockchain. Specifically, Nervos intends to provide material support to developers building decentralized exchanges, platforms for issuing synthetic assets and lending solutions. Priority will be given to those projects that seek to interact with multiple blockchains. Grant recipients…

Crypton Exchange: Trade CRP without KYC and Limitations with Utopia P2P

Cryptocurrency NewsBy 11/02/2021

A fully integrated Crypton Automated Exchange (CRP) is launched in the Utopia Peer-to-Peer (P2P) Ecosystem by a group of independent developers supported by 1984 Group. Crypton Exchange offers users the best cryptocurrency trading experience: automatic and anonymous account registration; no commission or low commission model; automatic unlimited withdrawal of funds; resistance to censorship; community chat; genuine attention to user feedback. Automatic registration of anonymous account As with the Utopia P2P ecosystem itself, you only need…

RBC Capital Markets: “Apple needs to buy more BTC and develop a cryptocurrency exchange”

Cryptocurrency NewsBy 10/02/2021

Analysts at investment bank RBC Capital Markets believe that after launching its own cryptocurrency exchange, Apple will be able to earn more than $ 40 billion a year. Apple’s market cap is around $ 2.3 trillion. Analysts have compared Apple to payments company Square, which was founded by Twitter CEO Jack Dorsey. Square bought 4,709 BTC for $ 50 million in October. According to RBC Capital Markets analyst Mitch Steves, Square’s quarterly revenues from cryptocurrency…

AMF Chairman Calls on European Regulators to Ease Blockchain Requirements

Cryptocurrency NewsBy 10/02/2021

Chairman of the French Financial Markets Authority (AMF) Robert Ophèle said European regulators should reconsider their attitude towards DLT and blockchain. Ofel said this at the 5th Annual Conference on Fintech and Regulation. The AMF Chairman urged financial supervisors to take a new approach to regulating blockchain-based financial instruments, as this technology is starting to be used in many areas of activity. Ophel proposed that the oversight of the cryptocurrency industry be carried out entirely…

Curve Finance had closed yVault2 liquidity pool after vulnerability was discovered

Cryptocurrency NewsBy 09/02/2021

The developers of the DeFi Curve Finance protocol have found a vulnerability affecting the new yVault2 liquidity pool. The pool had to be closed. According to a statement on Twitter by Curve Finance, the vulnerability is affecting the new trading pool yVault2, which includes the Yearn Finance yield aggregator project. The pool was quickly closed to prevent an incident. Curve gives users the ability to switch between USD-backed stablecoins with extremely low fees and slippage.…

Binance withdrew lawsuit against Forbes journalists

Cryptocurrency NewsBy 09/02/2021

Cryptocurrency exchange Binance withdrew a lawsuit against Forbes Media journalists, who published defamatory materials that tarnished the reputation of the exchange. About three months ago, Forbes journalists Michael del Castillo and Jason Brett wrote an article detailing the activities of Binance’s US subsidiary. The document presents a diagram codenamed “Tai Chi Organization”. With its help, the exchange allegedly bypasses the requirements of regulatory bodies, using a legal entity in the United States to conduct business…

Central Bank of Nigeria bans banks from serving cryptocurrency companies

Cryptocurrency NewsBy 08/02/2021

The Central Bank of Nigeria (CBN) has banned commercial banks from serving the accounts of cryptocurrency exchanges and other firms that operate with digital assets. As part of the ban by the central bank of Nigeria, all banks and financial institutions are required to close the accounts of firms that carry out operations with cryptocurrencies. If banks fail to comply with this directive, they face severe fines. The Bank of Nigeria reported that earlier commercial…

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