CRYPTOCURRENCY
Crypto News
The definition of a cryptocurrency is a digital asset containing cryptographic protocols that make transactions secure and immutable. Cryptocurrencies are built on top of distributed ledger technology, blockchain — which allows it to be decentralized and immune to government control and interference. Transactions involving cryptocurrencies involve public and private keys, enabling minimal processing fees, allowing users to be able to make transfers without traditional third-party institutions.
The definition of a cryptocurrency is a digital asset containing cryptographic protocols that make transactions secure and immutable. Cryptocurrencies are built on top of distributed ledger technology, blockchain — which allows it to be decentralized and immune to government control and interference. Transactions involving cryptocurrencies involve public and private keys, enabling minimal processing fees, allowing users to be able to make transfers without traditional third-party institutions.
DeFi Startup Arch Secures $5m from Seed Round, to Achieve 'BlackRock of Web3'
Arch Finance, a DeFi startup, has acquired $5 million in funding from a seed round, aiming at becoming the "BlackRock of web3."
Lark Davis Escapes Celsius Network Bankruptcy With $2.5Million
According to crypto sleuth ZachXBT, Lark Davis withdrew $2.5 million from Celsius long before the company crashed.
Lido Launches Layer-2 Ethereum Staking And 150,000 LDO Tokens In Rewards
Lido is now live on layer-2 solutions, Arbitrum, and Optimism, and would allocate 150,000 LDO tokens in rewards per month from Oct 7 for wstETH across each network.
Global Crypto Payment App Industry Value to Hit $2.15 Billion by 2030
The surging adoption of blockchain technology is expected to enhance the market size of the worldwide cryptocurrency payments app sector to a value of $2.15 billion by 2030, data shows.
No Plans to Launch Crypto Platform Yet: Nasdaq
Nasdaq plans to wait for further clarity in terms of crypto adoption globally, the company’s executive vice president and head of North American markets said.
Fiat Exchange Volumes Down 5 Times in a Row: The Block
Fiat exchange volumes fell for the 5th time in a row as Sept ended. Among crypto exchanges that support fiat, FTX ranked highest in terms of volume in Sept with 24.6%, followed by Coinbase with 22.7 % and Upbit with 13%.
Crypto-Related Funds Witnesses Slow Down of Money Outflow
The third quarter of 2022 has witnessed a slowdown in money flowing out of crypto-related funds, according to a report from Bloomberg on October 1, 2022.
Spain's Largest Telecom Company Telefónica Now Accepts Crypto Payments
The Spain-based telecom company has now joined the list of firms accepting cryptocurrency as a payment method.
Binance Secures Registration in New Zealand, to Open Local Office
Binance has gained access to open up a local office soon in New Zealand as the crypto exchange platform successfully registered with the country's Ministry of Businesses Innovation and Employment.
Crypto Gets Resilience in the Past Month as Forced Selling Exit
The exodus of forced selling made cryptocurrencies partly resilient in the last month, according to Galaxy Digital Holdings founder Mike Novogratz.