June 2021 | Page 6 of 139 | Last Cryptocurrency News Feed

Polygon to Launch C.R.E.A.M. Finance: Bringing Capital Efficiency to Long-Tail Assets

[PRESS RELEASE – Please Read Disclaimer] Polygon is proud to announce the launch of C.R.E.A.M. Finance, a high-efficiency money market focusing on long-tail assets across multiple blockchains. The partnership will enable access to a larger variety of markets, rapid transactions, and lower fees. The launch will begin with access to the following markets: DAI, LINK,…

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Australian regulators seek public input on crypto ETPs

The Australia Securities and Investments Commission has indicated that Bitcoin and Ether are the only two crypto assets likely to meet its evolving criteria for a regulated crypto ETP. 342 Total views 2 Total shares The Australia Securities and Investments Commission (ASIC) is seeking public feedback on on crypto-asset exchange-traded products (ETPs), stating that it is…

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Bank of Russia forms first digital ruble testing group

Twelve Russian banks including Sberbank, VTB and Tinkoff Bank will help the Bank of Russia test the digital ruble in January 2022. 471 Total views 3 Total shares The central bank of Russia is setting up a group of banking institutions to test its central bank digital currency (CBDC) next year.On Tuesday, the Bank of…

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Bitcoin Reached a 12-Day High: Ethereum Classic Surges 25% (Market Watch)

After heading north again yesterday to a new 12-day high of over $36,500, bitcoin has retraced slightly and calmed around $35,000. Most altcoins also saw brief price pumps in the past 24 hours, with Ethereum spiking above $2,200 and BNB to north of $300. Ethereum Classic, on the other hand, has outperformed all larger-cap altcoins.…

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WhaleFarm Token Crashes 99% in a $2.3 Million Rug Pull

WhaleFarm, a DeFi project with a fully anonymous team that launched farming days ago, has stolen over $2 million from investors in the latest rug pull in the space. Somewhat expectedly, its native cryptocurrency’s value plummeted by almost 100% in minutes. Launched earlier this month, WhaleFarm started with high promises for investors as it offered…

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Spanish Socialist Workers’ Party pens public digital currency initiative

Spain’s oldest active political party is reportedly looking to create a public digital currency. The Spanish Socialist Workers’ Party (PSOE), the governing political body in Spain, is backing a new national digital currency initiative.PSOE, Spain’s oldest active party and the leading force in the Congress of Deputies, has introduced a non-law proposition to launch a…

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Ethereum Hashrate Drops 25% on China Mining Exodus

Ethereum’s hashrate has plummeted more than 25% since its peak level in mid-May. This is the direct result of China’s crackdown on cryptocurrency mining and the resultant exodus of mining operations. According to Bitinfocharts, the Ethereum network hashrate hit an all-time high of 585.5 TH/s (terahashes per second) on May 20. In the weeks that…

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CoinMarketCap launches Ethereum token swaps powered by Uniswap

CoinMarketCap has launched a token swap feature via integration with Uniswap, and has hinted at supporting additional DEXs and networks in the future. 1307 Total views 5 Total shares CoinMarketCap (CMC) has launched a token swap feature on its website through an integration with decentralized exchange Uniswap. CMC is one of the most well known…

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HSBC becomes first foreign entity onboarded to Dubai’s KYC blockchain

HSBC plans to improve the KYC process for local investors and corporate clients by leveraging blockchain technology. 787 Total views 3 Total shares Global banking giant HSBC has announced that it has been successfully onboarded to the regional Know-Your-Customer (KYC)-focused private blockchain backed by Dubai’s government.HSBC is the first overseas, and fourth founding member, to…

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Senator Cynthia Lummis backs crypto for US retirement plans

Senator Cynthia Lummis wants to see crypto-assets become a normal part of the diversified asset allocations in U.S. citizens’ retirement plans. 702 Total views 3 Total shares U.S. Senator and Bitcoin proponent, Cynthia Lummis, would like to see U.S. residents turn to Bitcoin as part of a diversified strategy for their retirement plans. Speaking during…