Day: October 12, 2021

China's WeChat Now Blocks Search Results for Crypto Exchanges

WeChat, China’s “super app” with over one billion users, has banned searches for Huobi, Binance and other cryptocurrency exchanges, according to blogger Colin Wu. After China declared that foreign exchanges couldn’t serve residents from mainland China in September, trading platforms rushed to ban Chinese users from trading. As reported by U.Today, Huobi will retire all

Coinbase Is Launching an NFT Marketplace in 2021

A waitlist for Coinbase’s new NFT marketplace went live today. Coinbase to Enter NFT Space Coinbase wants in on the NFT boom. An early access waitlist for a new offering called Coinbase NFT went live on the exchange’s website earlier today. The holding page promises that the platform will be “launching this year.” In a

Shiba Inu Could Rally 70% Following Consolidation Period

Meme coin Shiba Inu appears to be leading the next “alt season” as its price has risen since the beginning of the month. The formation of a bullish pattern on its price chart suggests that SHIB’s bull run is not over yet despite the recent consolidation period. Shiba Inu Looks Poised to Break Out Shiba

YAY Games Partners with SmartEcoSystem for Their New Smartphone Release

YAY Games aims to make blockchain gaming enjoyable for the average user. Partnered with SmartEcoSystem, YAY Games is now developing Bold Point, an exclusive smartphone game. Mobile Gaming On the Rise With the mobile trend sweeping over the world, more and more internet users spend increasingly larger amounts of time on their smartphones and tablets.

IMF Warns Stablecoins Could Pose ‘Contagion Risk’ to Global Financial System

Add the International Monetary Fund (IMF) to the list of institutions wary of stablecoins‘ growing influence. In its 2021 Global Financial Stability Report , the IMF says cryptocurrency doesn’t yet pose a systemic threat to the international system but that “risks should be closely monitored given the global implications and the inadequate operational and regulatory

Stripe Getting Back Into Crypto After Missing Bitcoin Bounce

Stripe, a payments processor that makes it easy for companies from Amazon to Instacart to get paid, is hiring four engineers to form the foundation of a new crypto team. According to the job postings , the staff engineers “will design and build the core components that we need to support crypto use cases.” The

Solana, Dogecoin Hit Weekly Lows as Bitcoin Slows Pace

Over the last week, Bitcoin Bitcoin appeared to have kickstarted a fresh bull run: as of yesterday, the market’s leading cryptocurrency was closing in on the $60,000 mark—a high it last hit back in April. But today things have slowed down: Bitcoin is down 3.2% in the past 24 hours, according to CoinGecko, and was

XDEFI Wallet, the Browser Wallet Built for DeFi, Announces its Public Release

XDEFI Wallet supports Ethereum and EVM, THORChain, and Terra, among others, and is available in the Chrome Store now. XDEFI Wallet Released for Chrome XDEFI Wallet has released its highly anticipated wallet to the public, currently available on the Chrome Store. XDEFI Wallet is built with DeFi and NFT power users in mind, with innovative

Bored Ape Yacht Club NFT Makers Eye Expansion Into Film, TV and Music

Bored Ape Yacht Club has been a big winner of this year’s NFT market explosion, with hundreds of millions of dollars’ worth of trading volume in a matter of months. Now the creators aim to expand into other media endeavors with the help of a veteran music industry executive. Today, Yuga Labs announced that it

Russia Won't Ban Crypto Trading, Says Deputy Finance Minister

Russia’s Deputy Finance Minister Alexei Moiseev told reporters Tuesday that the government had no plans to impose a China-style ban on cryptocurrency trading. According to Moiseev, citizens will be able to buy digital assets and use crypto wallets on foreign exchanges. However, he also stressed that the ban on cryptocurrency payments would remain in place:

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