Category Archives: Cryptocurrency News

Terraform Labs acquired AVAX for $200 million

Terraform Labs, behind the Terra project, bought $200 million worth of AVAX coins to strengthen its own stablecoin. According to a Twitter post, Terraform Labs has swapped its LUNA coins for $100 million worth of AVAX. In addition, the Luna Foundation, a non-profit organization authorized to create reserves for the algorithmic stablecoin UST, used its assets to buy AVAX for another $100 million. In this way, the company wants to strengthen its own stablecoin, which…

Governor of the Central Bank of England: “Cryptocurrencies are a “hotbed” for crimes”

The Governor of the Bank of England, Andrew Bailey, believes that cryptocurrencies create conditions for the development of crime, so he called on regulators to tighten the fight against cryptocurrency fraud. This was stated by Andrew Bailey at the Stop Scams conference organized by the Central Bank this week. Bailey called cryptocurrencies the new “front line” in criminal scams, which are increasingly used by hackers, scammers and other wrongdoers. Bailey urged banks, technology companies and…

The Swedish Central Bank is studying the use of e-krona in smart contracts

Riksbank announced the successful testing of the digital krone in the Swedish banking system and exploring the possibility of creating payment instruments based on it. The Swedish central bank has announced that it is going to explore how the digital krona can incentivize payments using smart contracts. The Riksbank posted a report stating that the CBDC trials were successful. The Riksbank believes that the advantage of the Central Bank’s digital currency is the ability to…

Australian trading network On The Run will start accepting crypto payments

Major Australian retailer On The Run (OTR) has entered into an agreement with the Crypto.com exchange to implement a program to accept cryptocurrency as payment for goods and services. The company will work with Crypto.com to roll out its Pay Merchant product, while Sydney-based payment provider Datamesh will deploy terminals that allow consumers to pay with crypto, according to the OTR announcement. OTR customers will be able to pay in more than 30 cryptocurrencies for…

FTX and IEX create joint US marketplace

American cryptocurrency exchange FTX.US is planning a strategic investment in the IEX stock exchange to create a platform for trading digital asset securities. The American exchange IEX announced that it is waiting for FTX investments. The FTX representative clarifies that it is not yet clear what form the cooperation will take, as everything will depend on the requirements of the regulators. In the near future, companies are going to resolve this issue, since institutional investors…

Beauty retailer Fragrance will start accepting cryptocurrencies

British trading network The Fragrance Shop, in cooperation with the crypto payment operator BitPay, will accept BTC, ETH, BCH and DOGE for payment. Fragrance CEO Sanjay Vadera said that customers of the online beauty retailer will be able to pay with cryptocurrencies for cosmetics of famous brands such as Chanel, Dior and Tom Ford. In addition to paying by credit or debit card and purchasing goods in installments (Buy Now, Pay Later service), the e-commerce…

The authorities of the capital of Peru are teaching residents how to pay in bitcoins

The leadership of the La Molina district of the Peruvian capital Lima launched the MoliCoin training program in order to accustom citizens to cryptocurrency calculations as soon as possible. The head of the district, Álvaro Paz de La Barra, announced that interested organizations will be able to receive detailed answers on how to start accepting payments in bitcoins. Private individuals are promised to be told how to choose the right wallet and use it wisely,…

CedarFX – Trade with the First Eco-Conscious Broker

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

Binance announced the resumption of deposits and withdrawals of assets by DeFi users Ronin

Cryptocurrency exchange Binance announced that the functionality of the recently hacked decentralized system Ronin Network Axie Infinity has been partially restored. Binance representatives on Saturday, April 2, announced that deposits and withdrawals for Axie Infinity (AXS) and Smooth Love Potion (SLP) on the Ronin (RON) network have resumed. However, the withdrawal of wrapped ether (WETH) on the Ethereum network and the conversion from WETH to ETH remain closed until the exchange deems these functions stable.…

BAYC Developers Reported Their Discord Account Hacked

The Bored Ape Yacht Club (BAYC) project team has reported that their Discord account has been hacked. During the phishing attack, the hackers stole at least four collectible tokens. According to analytics firm PeckShield, unknown individuals hacked into the BAYC team’s account and posted a malicious link there to lure users to a fake site to create NFTs. The scammers managed to steal one valuable Mutant ApeYacht Club (MAYC) #8662 NFT, valued at over $70,000,…