Canadians are being asked what features they wish to see in a digital Canadian dollar even though there are no plans yet to issue one. Canadians are being asked to submit what features they want to be included in a…
Kategorie: Crypto Flash News
Worth it? Trader spends $120K on gas buying $155K worth of a memecoin
A user spent an additional 76% of their total purchase price in gas fees on a single memecoin trade. A single trader just spent a staggering 64 Ether — equivalent to $118,000 — in gas fees purchasing $155,000 worth of…
Aave v3 launches on Ethereum layer-2 network Metis
Ethereum layer-2 protocols continue to attract the biggest players in the decentralized finance sector, with liquidity protocol Aave deploying on scaling network Metis. Decentralized liquidity protocol Aave has deployed on Ethereum layer-2 scaling platform Metis, bringing a host of decentralized…
Bitcoin takes flight in Liechtenstein: Minister proposes government services paid in crypto
Prime Minister Daniel Risch of Liechtenstein told local papers that Bitcoin is set to play a growing role in government services payments. Liechtenstein Prime Minister Daniel Risch announced plans to accept Bitcoin (BTC) as payment for government services. As reported…
Crypto platform Bittrex files for Chapter 11 bankruptcy following SEC charges
The firm estimated it had more than 100,000 creditors, between $500 million and $1 billion in assets, and between $500 million and $1 billion in liabilities. Cryptocurrency trading platform Bittrex has filed for Chapter 11 bankruptcy protection in the District…
MakerDAO launches Spark Protocol, a new DeFi lending solution for DAI users
The initial iteration of the Spark Protocol will function as a lending platform, offering supply and borrow functionalities for cryptocurrencies ETH, stETH, DAI and sDAI. MakerDAO, a decentralized autonomous organization that operates on the Ethereum blockchain and issues stablecoin DAI,…
Paxful restarts marketplace operations for the first time since April
Amid the suspended service, Ray Youssef said he had made his “final act” as CEO after helping unfreeze 88% of certain users’ accounts. Peer-to-peer crypto marketplace Paxful has announced it is back online after suspending operations in April. In an…
Argentina says no to crypto payments, France tolerates ‘finfluencers’: Law Decoded, May 1–8
Argentina’s central bank banned payment providers from offering crypto transactions, adding that it intends to reduce the country’s payment-system exposure to digital assets. Last week brought several significant international developments in regulation. Argentina’s central bank banned payment providers from offering…
State-sponsored Chinese AI firm launches bot service to ‘surpass’ ChatGPT
Chinese tech company iFlytek recently made waves with the launch of its “Spark Model,” an AI system it says will surpass ChatGPT by the end of the year. A state-subsidized Chinese artificial intelligence (AI) company recently announced the launch of…
South Korean lawmaker allegedly cashed out while legislating on crypto: Report
National Assembly member Kim Nam-kuk had authority in handling laws related to digital assets in South Korea, reportedly backing a bill proposing a 20% crypto gains tax be deferred. Kim Nam-kuk, a member of South Korea’s National Assembly, reportedly liquidated…