Tue, 25 Aug 2026 06:47:06 GMT
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The amount of bitcoin exchanged on the members-only digital asset exchange run by Singapore's DBS Bank increased by 80% in 2022, the company said. DDEx, also known as the DBS Digital Exchange, is accessible to a limited number of authorized investors, financial institutions, and family offices. The DDEx reported a net purchase position for all customers in the second half of 2022 despite poor market conditions, according to the bank.
The amount of bitcoin exchanged on the members-only digital asset exchange run by Singapore's DBS Bank increased by 80% in 2022, the company said. DDEx, also known as the DBS Digital Exchange, is accessible to a limited number of authorized investors, financial institutions, and family offices. The DDEx reported a net purchase position for all customers in the second half of 2022 despite poor market conditions, according to the bank.
The first non-fungible token (NFT) collection from men's fashion magazine GQ is now available, giving owners access to items, live events, and a magazine subscription. The collection, GQ3 Issue 001: Change Is Good, consists of 1,661 NFTs, linked to works of art made by artists Chuck Anderson, REO, Kelsey Niziolek, and Serwah Attafuah. Each token entitles its owner to further benefits like membership to GQ magazine, a box of hand-selected GQ goods.
A $2 billion project has been launched by Hub71, Abu Dhabi's digital ecosystem, to support blockchain and Web3 firms in the area. In addition, startups will have access to a variety of program and possible corporate, governmental, and investment partners through the Hub71+ Digital Assets ecosystem project. The program will also assist companies moving to Abu Dhabi and encourage startup development in the Middle East and other global markets.
A new law that would impose a cap of $100 on crypto donations for use in any primary or general election is being considered by the Kansas Legislature. This cap would be determined by the fair market value of the crypto once it's received by the payment processor. The bill also suggests restrictions on crypto in Kansas political campaigns saying that crypto donations must be immediately translated to U.S. dollars and placed into a campaign account.
The Standards for Efficient Cryptography (SECP) primitives have received a Valentine's Day upgrade from Input Output Global (IOG), the company that created the Cardano blockchain. With the release, developers may now create secure and affordable decentralized applications using a wider variety of native multi-signature architectures (DApps). At 21:44 UTC on February 14, the upgrade went live.
Jordan Peterson, a well-known psychologist and cultural critic from Canada, has expressed interest in joining the Bitcoin Lightning Network. Peterson was issued a challenge by a person going by the Twitter handle Joe Nakamoto, asking him to share a Bitcoin lightning address rather than use the GoFundMe fundraiser website. This is as a result of Pererson sharing a GoFundMe page that requested funds to aid a fire victim who had sustained losses.
The 24-member K-pop female group TripleS released their debut album "ASSEMBLE" on February 13 and it has already drawn a lot of attention since the group employed blockchain technology to give fans control over several aspects of the creative experience. Fans can use a polygon blockchain-based voting process to choose and create these subgroups, and each album features a rotating roster of female performers, using COMO (voting tokens).
El Salvador is establishing a second Bitcoin (BTC) Embassy in Texas after establishing its first one in Lugano, Switzerland. Milena Mayorga, the ambassador of El Salvador to the United States added that in 2022, El Salvador and the State of Texas had a commercial exchange of $1,244,636,983 and also discussed the opening of the second Bitcoin (BTC) embassy and the extension of commercial and economic exchange initiatives.
Over 4.5 million dollars were donated to Turkey's recent disaster relief efforts by the general cryptocurrency community in just seven days. Turkish scientist Emin Gün Sirer, who invented Avalanche, gave $1 million, while Sasha.waves, the founder of Waves, gave $50,000 on the first day. Icrypex, Bitget Turkey, Bitci, MexC Turkey, Bitfinex Turkey, OKX, and Gate.io regional crypto exchange platforms have donated a combined total of $371,499, or 7 million Turkish Lira.
In an effort to streamline processes and get in direct contact with buyers, Siemens (SIE), the third-largest publicly traded corporation in Germany by market valuation, released its first digital bond of about 60 million euro ($64 million), and was issued on the Polygon blockchain. The bond eliminates the need for paper-based global certificates and central clearing. Also, investors can purchase the bond directly from the issuer.
The local administration of Busan, South Korea, is aiming to establish a publicly-run cryptocurrency exchange in order to reinvigorate its elderly population and turn the city into a global hub for digital assets. According to a report by Bloomberg on Monday, the port city, which has around 3.45 million residents and is situated on Korea's southern peninsula, is also attempting to draw a number of blockchain businesses and foreign investment.
The debut of its cryptocurrency trading services for institutional clients in Hong Kong was announced by Interactive Brokers, a worldwide brokerage company with its headquarters in the US on February 14. The cryptocurrency trading services were introduced in collaboration with OSL Digital Securities, a professional investor-focused digital asset brokerage and trading platform registered by the Securities and Futures Commission.
As soon as regulatory approval is received, CME Group, the largest derivatives exchange in the world, will add Bitcoin futures to its lineup of event contracts on March 13. The CME Group, the largest derivatives marketplace in the world, offers clients the ability to trade futures, options, cash, and OTC markets, optimize portfolios, and analyze data, enabling global market participants to effectively manage risk and seize opportunities.
The main network of the zero-knowledge Ethereum Virtual Machine (zkEVM) beta was set to launch on March 27 by the Ethereum scaling project, Polygon. The test network's features were not made explicit, but the firm did mention that the team will be sharing more information, building up to the March launch date and that network security would be given first priority. The zero-knowledge technology is a huge advancement for blockchains and encryption.
According to crypto analytics company Glassnode, the introduction of Bitcoin non fungible tokens, also known as Ordinals, has pushed the total number of non-zero BTC addresses to a new all-time high of 44 million. For the first time in Bitcoin's 14-year existence, a percentage of network activity is used for purposes other than peer-to-peer financial BTC transfers. The short-term boost in BTC activity got active users with non-zero BTC balances.
The first hotel in the area to accept cryptocurrency payments is one in Bahrain and with the help of a partnership with Eazy Financial Services, the Novotel Bahrain Al Dana in Manama is now accepting crypto payments.A number of electronic payment services will be given to Novotel Bahrain Al Dana Resort as part of its own agreement in order to improve and enhance business operations and give consumers a better experience.
In spite of the failure of centralized crypto companies and the technical bear market that was experienced by the industry as a whole, transactions on the Avalanche blockchain increased by as much as 1,500% in 2018 compared to 2021. The network had 27 million transactions as of Nov 21, 2021, but Avalanche's cumulative total topped 450M transactions on Nov 21, 2022, representing an incredible 1,507% growth in just one year, according to Nansen.
Iris Energy Limited, a top provider of institutional-grade, fully renewable energy-powered BTC mining data centers, said that it is raising its self-mining capacity from 2.0 EH-s to 5.5 EH-s. The company was also able to purchase 4.4 EH-s of new S19j Pro miners without spending additional money because of the efficient use of the $67 million in remaining Bitmain prepayments and also, the newly acquired miners should provide higher revenue growth.
Recently, an Ethereum (ETH) address that had been inactive for more than seven years was reactivated and contained 100 ETH (about $149,980). The address was activated about 7 hours 16 minutes ago, according to the transaction information given by Whale Alert, for a cost of 0.00033502177254 ETH ($0.50). The bitcoin community on Twitter assumed this could be the beginning of many more inactive addresses being resurrected.
Leading crypto payment platform Wirex, has established a long-term strategic agreement with global payment leader Visa to increase its presence in the UK and the Asia-Pacific (APAC) region. The crypto payment firm claimed that it will immediately issue crypto-enabled debit and prepaid cards for assets like Bitcoin to more than 40 nations and cooperation between the two nations like Europe, the United States, and Asia-Pacific would be possible.
As long as Bitcoin layer-2 technology and wallet infrastructure advance, according to Blockstream CEO Adam Back, the price of Bitcoin might reach $10 million by the end of the sixth halvening in 2032. The Bitcoin Core contributor detailed how Hal Finney's $10 million price forecast for BTC might materialize, pointing out that since 2013, the price of BTC increased and in about nine years, it will reach $10 million and a market cap of $200 trillion.
As Hong Kong strives to become a center for digital assets, DBS Group Holdings Ltd. intends to submit an application for a license that would enable it to provide cryptocurrency to consumers in Hong Kong. Financial Secretary, Paul Chan stated last month that Hong Kong is still committed to becoming a regional crypto hub as DBS operates a digital exchange in Singapore, and also it opened up access to its cryptocurrency trading platform.
As part of a new initiative to speed up digital transformation, the central bank of the United Arab Emirates (UAE) intends to issue a central bank digital currency for domestic and international payments. One of the nine projects included in the central bank's Financial Infrastructure Transformation Program, which was unveiled is the release of a digital version of the UAE's dirham, which will promote payment innovation, security, and efficiency.
Brian Armstrong, the chief executive of Coinbase, stated that the company's staking services were not securities and will gladly defend this in court if necessary. The Kraken exchange was charged on February 9 by the SEC with selling unregistered securities through its staking-as-a-service offering. As a result, the company was fined $30 million and told to stop offering staking services after being told the effects of the SEC crackdown.
Robert Kiyosaki, the author of Rich Dad, Poor Dad, made some predictions about the future of the economy, saying that the Federal Reserve was forced to manufacture billions in false money due to the big crash approaching and possible depression. He also predicted that by 2025, confidence in the US dollar, phony money, will be obliterated, and that gold would reach a price of $5,000 per ounce, silver at $500, and Bitcoin at $500,000.
According to a BanklessTimes poll, 67% of participants between the ages of 27 and 42 view bitcoin as a refuge of safety, they consider it to be a more effective financial instrument than the dollar, the euro, or any other national currency. Bitcoin, The main cryptocurrency is a crucial investing tool for millennials, says Jonathan Merry, CEO of BanklessTimes, as it gives them financial freedom and enables them to diversify in times of economic turmoil.
A significant Brazilian bank is providing taxpayers with a fresh and practical way to pay their taxes using cryptocurrency. In a collaborative endeavor with Brazilian crypto startup Bitfy, Banco do Brasil of Brazil said that it is now "possible" for Brazilian taxpayers to pay their tax bill with crypto. This offers ease to users and might extend access to and use of the digital asset ecosystem with the security of a respected bank as it protects users.
In order to allow students to pay their tuition with virtual currencies, the Canadian University of Dubai (CUD) has teamed up with Binance Crypto Exchange. The exchange delves deeply into the neighborhood ecosystem and as of September last year, Dubai's regulators granted it a crypto license. The agreement was announced on Twitter by the top crypto exchange, who added that existing and future CUD students can now pay for their tuition using crypto rather than fiat money.
A forthcoming permanent exhibition focusing on the convergence of art and the blockchain symbolized by nonfungible tokens was announced by the Centre Pompidou, Paris's premier museum of contemporary art. The Centre will exhibit NFTs from more than 16 digital artists from around the world, including well-known collectibles like CryptoPunk #110 and Autoglyph #25 that were both given to the Centre Pompidou.
A long-awaited debit card has recently been introduced by Bit2Me, the largest exchange in Spain and the first business to be recognized by the Bank of Spain as a virtual service provider. The Bit2Me debit card operates throughout the whole Mastercard network, enabling cryptocurrency-stablecoin payments at more than 90 million international merchant locations as well as up to 9% cash back on all purchases both in-store and online.
50,000 users and 5,000 merchants have joined India's retail CBDC trial since its start on December 1. The Reserve Bank of India (RBI) said that 0.77 million e-rupee transactions were completed during the course of the two months. The bank temporarily stopped adding new users after 50,000 users. The present e-rupee experiment would expand to include five additional banks and nine additional cities in the following phase.
A set of blockchain commerce tools has been released by crypto-friendly e-commerce giant Shopify to improve the user experience of their web3-focused stores hosted by the platform. The "tokengating" application programming interface tools and extended crypto wallet functionality shows that any applicable Shopify merchants may now configure their storefronts to limit access to exclusive goods, NFT drops, and advantages for certain token holders.
For users who wish to invest in crypto mining, the Russian government aims to offer tax incentives. In east Siberia, a new $12 million crypto mining facility will debut with the direct assistance of the government. The facility, which opens this year, will employ 100 people, have 30,000 crypto mining equipment, and use 100 megawatts of power from the grid. Some other advantages of the mining hub include lower power costs and low income tax rates.
KuCoin exchange has announced the listing of the Gifto (GFT) token, a blockchain-based web3 gifting platform. Gifto, previously known as GTO, is a hub for gifting digital presents and has a range of features, including a web3 wallet, an NFT marketplace, and staking options. With the rebranding of its token from GTO to GFT in Q1 2023, Gifto will now be available on KuCoin, with supported trading pairs GFT-USDT and GFT-BTC. This listing is expected to bring more liquidity and exposure to the platform, driving its adoption and overall market value.
According to Pantera Capital, Bitcoin is starting its seventh bull cycle and investors shouldn't avoid crypto after FTX incidence. Some major market participants continue to believe that new macro lows are imminent across all crypto assets, despite the small retracement in BTC price movement following its 40% January rise. There is no agreement on how the market will recover, but then, the time has come to change from being bearish to being bullish on crypto.
The group of big economies is looking into whether it can coordinate on crypto legislation, according to Nirmala Sitharaman, finance minister of India, the current G20 president. Sitharaman cited the sophisticated technology supporting virtual assets as necessitating discussion on regulatory actions. Her government, under Prime Minister Narendra Modi, and central bank have long debated laws that may ban cryptocurrencies.
The "zero knowledge" (ZK) technology, which many experts consider to be a significant development in the usage of encryption in blockchains, is being investigated by Polygon, an Ethereum scaling project, as a potential addition to its main chain. The experimental work was revealed by Polygon co-founder Mihailo Bjelic in an interview, highlighting how important ZK technology has grown to be for the project's development roadmap.
To aid in the current catastrophe in Turkey and Syria, Ethereum cofounder Vitalik Buterin sent around $150,000 in Ether to Ahbap Earthquake Support. The information is based on transaction data from Etherscan, which reveals a transfer of 99 ETH from wallet address vitalik.eth to a wallet labeled "Ahbap Yardm" and approximately 393 ETH, worth nearly $600,000 at the current pricing, are currently held in the recipient wallet.
Nigel Green, the CEO of the financial advisory company deVere Group, predicts that the use of crypto would rise as a result of central bank digital currency (CBDC). Green asserts that the global adoption of CBDC by governments will draw attention to the advantages of Bitcoin and other cryptocurrency assets. Green believes that governments would likely use the argument that privacy concerns are exaggerated to defend CBDC against the criticism.