Bitcoin plunged along with other cryptocurrencies on Saturday, which is another indication of the risk aversion sweeping across financial markets. The biggest cryptocurrency was down about 18%, the largest one-day loss since September. Bitcoin was trading at $46,743 by 11:30 GMT on Yahoo Finance on Saturday, down 18% on the day. It was the largest…

Among the platforms for creating various blockchain projects, including in the DeFi segment, there are quite unusual initiatives associated with the Telegram messenger. More precisely, with the bold attempt of its creator Pavel Durov to turn an ambitious messenger into a whole separate world, an independent operating system with its own cryptocurrency on the blockchain….

David Marcus, the head of Facebook parent company Meta’s cryptocurrency efforts, said Tuesday that he will be parting company with the social media giant. Experts suggest that Marcus’s departure comes after delays of the Diem project amid scrutiny from regulators. Marcus announced the decision via a Monday tweet but hinted that it might be something…

Meta, ex-Facebook, on Wednesday announced its decision to reverse its long-standing policy that prevented most cryptocurrency companies from running ads on its services. The company’s new policy is huge for the crypto industry and will allow more retail investors to access cryptocurrencies than ever before. Citing greater government oversight and a more mature market for…

A few days after Jack Dorsey’s resignation as Twitter CEO, payments giant Square announced changing its name to Block Inc., the company said in a statement. Jack Dorsey’s Bitcoin funding initiative Square Crypto has rebranded to Spiral and is aimed to focus on “making Bitcoin the planet’s preferred currency.” The corporate rebrand, announced in a…

We must again turn our attention to Facebook’s cryptocurrency ambitions and the actions of American regulators – there has recently been a surprising turn in the events of the case. Facebook has announced the launch of its own crypto wallet, Novi. It is a colossal payment network that uses the Pax Dollar (USDP) stablecoin as…

Will Bitcoin kill the US dollar? Will money become tokenized? How do we use cash? Jeff Wilser and Helene Braun of CoinDesk have collected the predictions of prominent crypto investors, experts, and influencers, including Sam Bankman-Fried, Beryl Li, Dovey Wan, Haseeb Qureshi, Hasu, Balaji Srinivasan, Jeff Dorman, Brett Scott, Laura Shin, and others. This article…

Over the weekend, a DeFi token with the same name as the new ‘Omicron’ Covid-19 variant surged 1,100%. OMIC hit an all-time high on Monday of $689, according to CoinGecko, but loses about 75% value overnight. The buzz over the latest Covid-19 variant, Omicron, is not over, but the euphoria over the token named after…

Dubai-based crypto rating platform Evai.io announced that its EvaiStableFund saw $1 million worth in tokens staked into the new fund within 24 hours of going live. Launched on November 22, the new EvaiStableFund, gives investors the opportunity to yield a fixed 15% APY with an additional 10% per annum bonus. In addition, the fund does…

The Deputy Governor of the Bank of England has recently called cryptocurrencies a “threat” requiring “urgent action” to address it. It is not the first sign that the UK may become a firm outpost for crypto-skeptics. Jon Cunliffe, the Deputy Governor of the Bank of England, claimed that cryptocurrencies pose threats to the entire financial…