Category Archives: Cryptocurrency News

Developers Diem raised $200 million to launch a new Aptos project

Former Meta employees working on the now-defunct Diem stablecoin project have raised $200 million to attract developers to Aptos, a new cryptocurrency project. Aptos was founded by Novi’s former Head of Strategic Partnerships, Mo Shaikh, and the same company’s CTO, Avery Ching. At Aptos, they hold the positions of CEO and CTO, respectively. Bloomberg reports that the Aptos development team is working on a first-level blockchain using the Move programming language created for Diem. The…

Bank Santander will offer customers loans backed by commodity tokens

A Spanish multinational bank is developing the possibility of providing loans secured by tokens of agricultural products. Banco Santander announced the creation of a system for providing loans secured by commodity tokens. The project is being developed jointly with the Argentine startup Agrotoken, which previously launched grain-backed tokens. Tokens allow manufacturers to make full-fledged transactions with goods. The bank has already carried out a test run of the system. Santander claims that this is the…

Princeton University Launches Blockchain Research Project

Princeton University, one of the oldest universities in the US, is launching an initiative to study blockchain in depth and its impact on social institutions, as well as to find new applications of the technology. According to Bloomberg, former students at Princeton University donated about $20 million to the project, including Peter Bridger of Fortress Investment, ConsenSys CEO Joseph Lubin, Pantera Capital CEO Dan Morehead, and Galaxy Digital founder Michael Novogratz. The project aims to…

Neobank Lunar raised €70 million to create a cryptocurrency trading platform

The Danish banking project Lunar has attracted additional investments and plans to open its own platform for the sale of cryptocurrencies and b2b payments. Lunar’s new funding round was a continuation of last year’s investment series D. Last summer, neobank Lunar attracted investments in the amount of €210 million for the development of cryptocurrency projects. A total of €345 million was raised, which allowed Lunar’s capitalization to approach €2 billion. The Danish neobank has a…

US Regulators Charge Four Creators of JetCoin Crypto Pyramid

The Commodity Futures Trading Commission and the US Department of Justice have charged four suspects with creating the JetCoin cryptocurrency pyramid and defrauding investors for a total of $44 million. The Commodity Futures Trading Commission (CFTC) accused three US citizens: Dwayne Golden, Gregory Aggesen and Marquis Egerton, as well as Indian citizen Jatin Patel of fraud and extortion. The agency claims that they organized cryptocurrency schemes called Empowercoin and Ecoinplus, with the help of which…

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…

Fees in the Ethereum network fell to half-year lows

Ethereum blockchain data suggests that the average transaction fee has dropped significantly to $1.63. According to CryptoRank, the 7-day moving average of the transaction size on the Ethereum network reached $11.14 as of March 9, the lowest since August 2021. At the same time, at the beginning of this year, the figure reached $55. According to the Etherscan service, at the time of publication, a regular transaction with ETH costs 25 Gwei ($1.36). Recall that…

Jamaican authorities will distribute $16 to the first 100,000 digital Jamaican dollar users

The first 100,000 Jamaicans who install Central Bank of Jamaica cryptocurrency wallets will be rewarded in digital Jamaican dollars worth $16. This was announced by Jamaican Prime Minister Andrew Holness (Andrew Holness). In a recent speech before the House of Representatives, Jamaican Finance Minister Nigel Clarke said this would encourage individuals and businesses to use the government’s stablecoin to conduct transactions. According to the Jamaica Observer, approximately 17% of the Jamaican population is unbanked. Therefore,…

The European Union for the sake of tougher sanctions equated cryptocurrencies to securities

The European Union has officially announced that the sanctions imposed on the Russian Federation and the Republic of Belarus apply to cryptocurrencies. The EU leadership explains that cryptocurrencies are included in the category of “transferable securities”, therefore, they are clearly subject to sanctions imposed on Russia and Belarus. “Loans and credits can be provided by any means, including crypto-assets,” the EU said in a statement. The EU also announced an expansion of existing financial restrictions…

Dubai authorities approved the law on virtual assets

The emirate of Dubai has approved a law on virtual assets and formed an agency that will regulate the crypto industry. Sheikh Mohammed bin Rashid Al Maktoum announced this on Twitter. He emphasized that the introduction of the concept of virtual assets in the legislation will strengthen the position of Dubai in the emerging digital economy. The law represents an important step towards the development of the digital and cryptocurrency sector, as well as protecting…