Cardano plans to make its blockchain interoperable and compete with the DeFi ecosystem based on Ethereum. Using its native altcoin (ADA), Cardano is getting closer to its decentralized finance objectives in partnership with dcSpark. dcSpark, a product-based DLT company, announced on Wednesday plans to develop a new sidechain project titled “Milkomeda” to aid cryptocurrencies not…

The rise in the Bitcoin price, which has been a source of positivity for many as of late, has generated similar expectations for altcoins – the public is already accustomed to the fact that all other cryptocurrencies are growing following BTC. But it seems that the time of such simple correlations has passed, and the…

Bitcoin hashrate triples since June 28 as miners are coming back online after China’s crackdown while surging Bitcoin price makes the mining business wildly profitable. Bitcoin topped $50,000 on Monday, benefiting from simultaneous supply chain shortages and a crackdown from Chinese regulators – putting Bitcoin mining on par with profits near the coin’s April all-time-high….

According to a new CoinDesk report, Citigroup is actively recruiting traders to begin working with Bitcoin futures on the Chicago Mercantile Exchange and is awaiting regulatory approval. CoinDesk, citing two sources, including one within the bank, reported that Citi is planning to trade Bitcoin futures contracts on the Chicago Mercantile Exchange (CME). The bank reportedly…

A growing number of users of the popular crypto exchange Coinbase have found their accounts on the platform empty after hackers managed to gain access to them and drain their cryptocurrency wallets. According to a Tuesday CNBC investigation, thousands of customers across the country have lodged complaints against the company. One couple, for example, logged…

Only recently, the Cardano cryptocurrency has blasted into the top 3 by capitalization (it has since rolled back into 4th place, however). This is an incredible success for historically not the most popular crypto that doesn’t even use smart contracts. The ADA price has risen 49% over the past seven days. Thanks to this, Cardano…

Circle, an issuer of the world’s second-largest stablecoin USDC, has announced plans to be 100% backed by cash and short-term U.S. Treasuries by September. The company’s most recent attestation showed USDC’s $22 billion supply was backed by only 61% cash and cash equivalents. “Mindful of community sentiment, our commitment to trust and transparency, and an…

One of the world’s largest card payment organizations, Visa, has purchased an NFT for over $150,000, signaling that NFTs are here to stay. Visa said Monday it bought a “CryptoPunk,” one of the thousands of NFT-based digital avatars, for nearly $150,000 in Ether. “We think NFTs will play an important role in the future of…

Yes, some criminals use Bitcoin, but the innovation behind this technology improves the financial system, writes Brad Yasar for Сointelegraph. Cryptocurrency is a new technology that has entered the common discourse, setting the stage for a complete upheaval of our long-established financial systems. Of course, some skepticism is unavoidable. Crypto’s association with criminality adds to…

The first Bitcoin fund in the Middle East was launched in Dubai this summer, when Canada’s largest digital asset investment fund, 3iQ, placed its public ETF in the largest Middle Eastern financial market. Investors can now transfer shares from the Toronto Stock Exchange to Nasdaq Dubai and vice versa, as well as buy them directly…