Binance-owned Trust Wallet adds buy option via Binance Connect

Binance-owned Trust Wallet adds buy option via Binance Connect

Trust Wallet, a major self-custodial cryptocurrency wallet owned by the Binance crypto exchange, has completed a significant integration to enable easier crypto purchases. The Trust Wallet platform has integrated Binance’s official fiat-to-crypto provider Binance Connect, allowing users to purchase more than 200 crypto assets directly from credit or debit cards,…

Crypto brokerage FalconX raises 0M at B valuation

Crypto brokerage FalconX raises $150M at $8B valuation

Despite the ongoing bearish trend in cryptocurrency markets, venture capital firms continue pouring capital into major industry players like FalconX. FalconX, the institutional-level digital asset platform and crypto brokerage, has raised $150 million in fresh funding as part of its Series D financing round. Completed in early June, the funding…

Crypto resonates better with BIS’ vision of ideal monetary system

Crypto resonates better with BIS’ vision of ideal monetary system

In its continued efforts to identify the ideal future monetary system, The Bank of International Settlements (BIS) revealed the edge of the crypto ecosystem over the present-day fiat economy when it comes to fulfilling the policy goals.  While sharing its vision for the future monetary system, the BIS outlined eight…

Crypto influencers allegedly weaponize conspiracies to fleece QAnon followers

Crypto influencers allegedly weaponize conspiracies to fleece QAnon followers

Two QAnon-affiliated conspiracy theorist influencers allegedly caused their followers millions of dollars in losses by running a cryptocurrency pump-and-dump scheme. The pair reportedly persuaded their thousands of followers to invest in a portfolio of cryptos, presenting a misleading mix of conspiratorial and genuine content along with claims about institutions backing…

Avalanche (AVAX) price drops 45% in a month and data points to further downside

Avalanche (AVAX) price drops 45% in a month and data points to further downside

Avalanche (AVAX) is down 45% in 30 days and in the same time the cryptocurrencies’ total market capitalization shrank by 29%. Despite the recent downturn, this decentralized application (DApp) platform remains a top contender in the layer1 and layer2 race and it ranks high in terms of smart contract deposits…

GameFi continues to grow despite crypto winter: DappRadar report

GameFi continues to grow despite crypto winter: DappRadar report

Blockchain games were the subject of the latest DappRadar x BGA Games Report #5, published on Tuesday. The report looked at healthy ecosystems and investments coming into the GameFi and metaverse markets. Several projects were covered in detail in the report, which outlined their continued success and growth. Splinterlands, Illuvium,…

90% of Central Banks are researching the utility of CBDCs

90% of Central Banks are researching the utility of CBDCs

In a new annual economic report published by the Bank of International Settlements (BIS), the financial institution revealed that approximately 90% of central banks worldwide are investigating the feasibility of adopting central bank digital currencies, or CBDCs. The BIS report highlighted the ability of current sovereign fiat money to provide…

Crypto exchange BlockFi secures 0M credit from FTX amid bear market

Crypto exchange BlockFi secures $250M credit from FTX amid bear market

BlockFi, a cryptocurrency exchange and digital wallet service provider, has secured a $250 million credit from leading crypto platform FTX. Today @BlockFi signed a term sheet with @FTX_Official to secure a $250M revolving credit facility providing us with access to capital that further bolsters our balance sheet and platform strength….

Bitcoin S2F model gives false sense of certainty, says Vitalik Buterin

Bitcoin S2F model gives false sense of certainty, says Vitalik Buterin

Ethereum co-founder Vitalik Buterin has criticized the controversial Bitcoin (BTC) stock-to-flow (S2F) model, popularized by a pseudonymous Dutch institutional investor known as PlanB. The BTC stock-to-flow model gained a lot of attention during the bull run as it got several price predictions right, however, the model deviated on a number of occasions during the bull…