KuCoin Plans to Bolster DeFi Activity on Its Blockchain After $150M Raise📈
The crypto exchange will add technical features to support developers and build on KuCoin's public blockchain; bitcoin outperforms ether.
https://www.coindesk.com/markets/2022/05/19/first-mover-asia-kucoin-plans-to-bolster-defi-activity-on-its-blockchain-after-150m-raise-cryptos-gain/
The crypto exchange will add technical features to support developers and build on KuCoin's public blockchain; bitcoin outperforms ether.
https://www.coindesk.com/markets/2022/05/19/first-mover-asia-kucoin-plans-to-bolster-defi-activity-on-its-blockchain-after-150m-raise-cryptos-gain/
CoinTracker Announces India Launch, to Provide Crypto Tax Compliance to Users; See Benefits.🚀
The company intends to not only engage with crypto users in India but also hire and grow their team in the country, CoinTracker said in a press release.
Details🔻
https://www.news18.com/news/business/cryptocurrency/cointracker-announces-india-launch-to-provide-crypto-tax-compliance-to-users-see-benefits-5265397.html
About Us ⤵️
https://digitalcryptonetworks.com/
The company intends to not only engage with crypto users in India but also hire and grow their team in the country, CoinTracker said in a press release.
Details🔻
https://www.news18.com/news/business/cryptocurrency/cointracker-announces-india-launch-to-provide-crypto-tax-compliance-to-users-see-benefits-5265397.html
About Us ⤵️
https://digitalcryptonetworks.com/
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Dubai's Retail Giant Majid Al Futtaim Accepts Crypto at 29 Shopping Malls and 13 Hotels in Partnership with Binance.🔺
Leading shopping mall operator Majid Al Futtaim has partnered with Binance to accept cryptocurrencies at its malls and other properties.
“Majid Al Futtaim is one of the most prestigious businesses in the Middle East and has millions of customers every year,” said the CEO of Binance.
https://news.bitcoin.com/dubais-retail-giant-majid-al-futtaim-accepts-crypto-at-29-shopping-malls-and-13-hotels-in-partnership-with-binance/
About Us ⤵️
https://digitalcryptonetworks.com/
Leading shopping mall operator Majid Al Futtaim has partnered with Binance to accept cryptocurrencies at its malls and other properties.
“Majid Al Futtaim is one of the most prestigious businesses in the Middle East and has millions of customers every year,” said the CEO of Binance.
https://news.bitcoin.com/dubais-retail-giant-majid-al-futtaim-accepts-crypto-at-29-shopping-malls-and-13-hotels-in-partnership-with-binance/
About Us ⤵️
https://digitalcryptonetworks.com/
INDIAN CRYPTO PROJECT WINS “WORLD’S FASTEST BLOCKCHAIN” AWARD, EVEN FASTER THAN SOLANA?
TechPay Coin, The Relatively Young High-Performance Blockchain Network Bags The Award For Being The “World’s Fastest Blockchain”
TechPay Coin’s network accomplished past noteworthy throughput levels of 300,000+ TPS alongside an absolute minimum of 500 Milliseconds transaction Time-to-Finality.
The group of TechPay Coin got the award at Crypto Expo Asia, 2022, which occurred in Singapore on the 22nd and 23rd of June.
https://www.analyticsinsight.net/indian-crypto-project-wins-worlds-fastest-blockchain-award-even-faster-than-solana/
About Us ⤵️
https://digitalcryptonetworks.com/
TechPay Coin, The Relatively Young High-Performance Blockchain Network Bags The Award For Being The “World’s Fastest Blockchain”
TechPay Coin’s network accomplished past noteworthy throughput levels of 300,000+ TPS alongside an absolute minimum of 500 Milliseconds transaction Time-to-Finality.
The group of TechPay Coin got the award at Crypto Expo Asia, 2022, which occurred in Singapore on the 22nd and 23rd of June.
https://www.analyticsinsight.net/indian-crypto-project-wins-worlds-fastest-blockchain-award-even-faster-than-solana/
About Us ⤵️
https://digitalcryptonetworks.com/
With Shardeum, WazirX founder aims to achieve infinite blockchain scalability.
In 2022, Nischal Shetty and Omar Syed teamed up to launch Layer 1 blockchain Shardeum. The project claims to be the only network to employ auto scaling, where it can increase and decrease shards in an automated manner, and achieve infinite scalability.
In the blockchain community, scalability has been the common goal to bring Web3 to mainstream adoption. A key concern, however, is whether the technology can effectively grow to a global level while maintaining security, speed, and decentralisation.
WazirX Co-founder and CEO Nischal Shetty and US-based blockchain architect Omar Syed wanted to solve the problem of scalability.
https://yourstory.com/the-decrypting-story/wazirx-nischal-shetty-shardeum-first-l1-protocol-blockchain-scalability-ethereum/amp
About Us ⤵️
https://digitalcryptonetworks.com/
In 2022, Nischal Shetty and Omar Syed teamed up to launch Layer 1 blockchain Shardeum. The project claims to be the only network to employ auto scaling, where it can increase and decrease shards in an automated manner, and achieve infinite scalability.
In the blockchain community, scalability has been the common goal to bring Web3 to mainstream adoption. A key concern, however, is whether the technology can effectively grow to a global level while maintaining security, speed, and decentralisation.
WazirX Co-founder and CEO Nischal Shetty and US-based blockchain architect Omar Syed wanted to solve the problem of scalability.
https://yourstory.com/the-decrypting-story/wazirx-nischal-shetty-shardeum-first-l1-protocol-blockchain-scalability-ethereum/amp
About Us ⤵️
https://digitalcryptonetworks.com/
Opera Crypto Browser integrates Coin98 to bolster Web3 accessibility in Southeast Asia. 🌏
Opera's Crypto Browser will allow users to access Coin98's collection of multichain NFTs, DEXs, cross-chain bridges, asset swaps and the ability to stake and lend their crypto.
Opera Crypto Browser, a Web3-focused project for facilitating navigation across decentralized applications (DApps), games and metaverse platforms, has announced a partnership with Coin98, a Southeast Asia-based decentralized finance (DeFi) platform, to bolster Web3 accessibility.
https://cointelegraph.com/news/opera-crypto-browser-integrates-coin98-to-bolster-web3-accessibility-in-southeast-asia
About Us ⤵️
https://digitalcryptonetworks.com/
Opera's Crypto Browser will allow users to access Coin98's collection of multichain NFTs, DEXs, cross-chain bridges, asset swaps and the ability to stake and lend their crypto.
Opera Crypto Browser, a Web3-focused project for facilitating navigation across decentralized applications (DApps), games and metaverse platforms, has announced a partnership with Coin98, a Southeast Asia-based decentralized finance (DeFi) platform, to bolster Web3 accessibility.
https://cointelegraph.com/news/opera-crypto-browser-integrates-coin98-to-bolster-web3-accessibility-in-southeast-asia
About Us ⤵️
https://digitalcryptonetworks.com/
Dubai’s metaverse plan aims to add 40,000 virtual jobs and boost GDP by $4 billion. 💰
As the cryptocurrency industry and the metaverse expand around the globe at an unprecedented rate, the authorities in Dubai are seeking to usher the most populous city in the United Arab Emirates (UAE) into a new era.
Indeed, the Dubai Crown Prince Sheikh Hamdan bin Mohammed has launched a plan to support as many as 40,000 additional virtual jobs in the metaverse sector, as well as adding $4 billion to the GDP of the capital of the Emirate of Dubai, Bloomberg’s Leen Al-Rashdan reported on July 19.
https://finbold.com/dubais-metaverse-plan-aims-to-add-40000-virtual-jobs-and-boost-gdp-by-4-billion/
About Us ⤵️
https://digitalcryptonetworks.com/
As the cryptocurrency industry and the metaverse expand around the globe at an unprecedented rate, the authorities in Dubai are seeking to usher the most populous city in the United Arab Emirates (UAE) into a new era.
Indeed, the Dubai Crown Prince Sheikh Hamdan bin Mohammed has launched a plan to support as many as 40,000 additional virtual jobs in the metaverse sector, as well as adding $4 billion to the GDP of the capital of the Emirate of Dubai, Bloomberg’s Leen Al-Rashdan reported on July 19.
https://finbold.com/dubais-metaverse-plan-aims-to-add-40000-virtual-jobs-and-boost-gdp-by-4-billion/
About Us ⤵️
https://digitalcryptonetworks.com/
Thailand’s Oldest Lender Delays Bitkub Exchange Acquisition Amid Tighter Crypto Rules.
The company that owns Thailand’s Siam Commercial Bank has postponed a deal to acquire a majority stake in Bitkub, the country’s largest cryptocurrency exchange. The decision comes amid tightening crypto regulations that limit growth in domestic crypto trading.
SCB Postpones Acquisition of Thai Crypto Exchange Bitkub
The parent company of Siam Commercial Bank, SCB X, has delayed a 17.85-billion-baht ($487 million) bid to acquire 51% of the largest crypto exchange in Thailand, Bitkub. The bank, which is the kingdom’s oldest lender, postponed the deal indefinitely as Thai regulations continue to inhibit growth of crypto trading, Nikkei Asia reported, quoting the financial group.
https://news.bitcoin.com/thailands-oldest-lender-delays-bitkub-exchange-acquisition-amid-tighter-crypto-rules/
About Us ⤵️
https://digitalcryptonetworks.com/
The company that owns Thailand’s Siam Commercial Bank has postponed a deal to acquire a majority stake in Bitkub, the country’s largest cryptocurrency exchange. The decision comes amid tightening crypto regulations that limit growth in domestic crypto trading.
SCB Postpones Acquisition of Thai Crypto Exchange Bitkub
The parent company of Siam Commercial Bank, SCB X, has delayed a 17.85-billion-baht ($487 million) bid to acquire 51% of the largest crypto exchange in Thailand, Bitkub. The bank, which is the kingdom’s oldest lender, postponed the deal indefinitely as Thai regulations continue to inhibit growth of crypto trading, Nikkei Asia reported, quoting the financial group.
https://news.bitcoin.com/thailands-oldest-lender-delays-bitkub-exchange-acquisition-amid-tighter-crypto-rules/
About Us ⤵️
https://digitalcryptonetworks.com/
Polygon (MATIC) Looks Set For A Retracement After Recent Gains. 🆙
Polygon (MATIC) has been sky-high and gliding over the past month. Analysts are looking at a retracement to $0.58 if the coin goes below $0.77.
Polygon, self-proclaimed as “Ethereum’s Internet of Blockchains” looks ready for a major move after it has skyrocketed in market value as seen in the past weeks. On the flipside, there is still a strong support zone that may anchor the coin to hold its price.
https://www.newsbtc.com/all/polygon-matic-set-for-retracement/
About Us ⤵️
https://digitalcryptonetworks.com/
Polygon (MATIC) has been sky-high and gliding over the past month. Analysts are looking at a retracement to $0.58 if the coin goes below $0.77.
Polygon, self-proclaimed as “Ethereum’s Internet of Blockchains” looks ready for a major move after it has skyrocketed in market value as seen in the past weeks. On the flipside, there is still a strong support zone that may anchor the coin to hold its price.
https://www.newsbtc.com/all/polygon-matic-set-for-retracement/
About Us ⤵️
https://digitalcryptonetworks.com/
Web3 domain provider Unstoppable Domains raises $65 million, becomes newest crypto unicorn. 🦄
Unstoppable Domains raised $65 million in a funding round led by Pantera Capital, to scale its domain services as Founder projects a billion people will own at least one NFT domain in the next 5 years. 📊
Web3 domain name provider, Unstoppable Domain has reached a $1 billion valuation after it closed a $65 million series A funding round led by Pantera Capital.
Speaking on the investment, Panthera Capital Partner Paul Veradittakit said:
-
"Unstoppable Domains is rapidly defining a new category of decentralized identity that will change the internet as we know it. We’re proud to back Matt and the rest of the team who are making this vision a reality.”
https://cryptoslate.com/web3-domain-provider-unstoppable-domains-raises-65-million-to-reach-1-billion-valuation/
About Us ⤵️
https://digitalcryptonetworks.com/
Unstoppable Domains raised $65 million in a funding round led by Pantera Capital, to scale its domain services as Founder projects a billion people will own at least one NFT domain in the next 5 years. 📊
Web3 domain name provider, Unstoppable Domain has reached a $1 billion valuation after it closed a $65 million series A funding round led by Pantera Capital.
Speaking on the investment, Panthera Capital Partner Paul Veradittakit said:
-
"Unstoppable Domains is rapidly defining a new category of decentralized identity that will change the internet as we know it. We’re proud to back Matt and the rest of the team who are making this vision a reality.”
https://cryptoslate.com/web3-domain-provider-unstoppable-domains-raises-65-million-to-reach-1-billion-valuation/
About Us ⤵️
https://digitalcryptonetworks.com/
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India to launch it's first international gold exchange. 🔝
Prime Minister Narendra Modi on Friday, July 29, 2022 will launch India's first International Bullion Exchange - International Bullion Exchange (IIBX) - in the GIFT city (Gujarat International Finance Tec-City), along with several other projects.
What traders need to know❓🔻
https://www.livemint.com/news/india/pm-narendra-modi-to-launch-india-s-first-international-gold-exchange-what-traders-need-to-know-11659065383859.html
About Us ⤵️
https://digitalcryptonetworks.com/
Prime Minister Narendra Modi on Friday, July 29, 2022 will launch India's first International Bullion Exchange - International Bullion Exchange (IIBX) - in the GIFT city (Gujarat International Finance Tec-City), along with several other projects.
What traders need to know❓🔻
https://www.livemint.com/news/india/pm-narendra-modi-to-launch-india-s-first-international-gold-exchange-what-traders-need-to-know-11659065383859.html
About Us ⤵️
https://digitalcryptonetworks.com/
Cardano Outpacing Crypto Majors As ADA Reigns As The Most Developed Cryptocurrency
Cardano positions itself as the most developed chain 🚀
A Santiment chart providing research results based on tracking development activity on GitHub associated with different crypto projects in the industry was just recently revealed. According to the chart, Cardano (ADA) tops the list with a 402.05 development activity mark.
https://zycrypto.com/cardano-outpacing-crypto-majors-as-ada-reigns-as-the-most-developed-cryptocurrency/
About Us ⤵️
https://digitalcryptonetworks.com/
Cardano positions itself as the most developed chain 🚀
A Santiment chart providing research results based on tracking development activity on GitHub associated with different crypto projects in the industry was just recently revealed. According to the chart, Cardano (ADA) tops the list with a 402.05 development activity mark.
https://zycrypto.com/cardano-outpacing-crypto-majors-as-ada-reigns-as-the-most-developed-cryptocurrency/
About Us ⤵️
https://digitalcryptonetworks.com/
Starbucks to unveil its web3-based rewards program next month.
Starbucks will unveil its web3 initiative, which includes coffee-themed NFTs, at next month’s Investor Day event. The company earlier this year announced its plans to enter the web3 space, noting its NFTs wouldn’t just serve as digital collectibles, but would provide their owners with access to exclusive content and other perks.
https://techcrunch.com/2022/08/03/starbucks-to-unveil-its-web3-based-rewards-program-next-month/
About Us ⤵️
https://digitalcryptonetworks.com/
Starbucks will unveil its web3 initiative, which includes coffee-themed NFTs, at next month’s Investor Day event. The company earlier this year announced its plans to enter the web3 space, noting its NFTs wouldn’t just serve as digital collectibles, but would provide their owners with access to exclusive content and other perks.
https://techcrunch.com/2022/08/03/starbucks-to-unveil-its-web3-based-rewards-program-next-month/
About Us ⤵️
https://digitalcryptonetworks.com/
India freezes assets of Binance-linked WazirX.
India's financial crime-fighting agency said on Friday it had frozen the assets of WazirX, linked to the world's largest digital currency exchange Binance, as part of its investigation into suspected violation of foreign exchange regulations.
https://www.reuters.com/business/future-of-money/
About Us ⤵️
https://digitalcryptonetworks.com/
India's financial crime-fighting agency said on Friday it had frozen the assets of WazirX, linked to the world's largest digital currency exchange Binance, as part of its investigation into suspected violation of foreign exchange regulations.
https://www.reuters.com/business/future-of-money/
About Us ⤵️
https://digitalcryptonetworks.com/
WazirX vs Binance: Clash over ownership row has users worried❗️
The spat came right after The Directorate of Enforcement (ED) had frozen bank balances to the tune of Rs 64.67 crore of the directors of Zanmai Lab Private Limited, which owns the popular cryptocurrency exchange WazirX.
Binance has removed off-chain crypto transfers to WazirX which was a popular feature among its users. Binance CEO Chnagpeng Zhao also tweeted that "If you have funds on WazirX, you should transfer it to Binance."
https://www.indiatoday.in/cryptocurrency/story/wazirx-vs-binance-ownership-spat-leaves-its-users-confused-1985150-2022-08-08
About Us ⤵️
https://digitalcryptonetworks.com/
The spat came right after The Directorate of Enforcement (ED) had frozen bank balances to the tune of Rs 64.67 crore of the directors of Zanmai Lab Private Limited, which owns the popular cryptocurrency exchange WazirX.
Binance has removed off-chain crypto transfers to WazirX which was a popular feature among its users. Binance CEO Chnagpeng Zhao also tweeted that "If you have funds on WazirX, you should transfer it to Binance."
https://www.indiatoday.in/cryptocurrency/story/wazirx-vs-binance-ownership-spat-leaves-its-users-confused-1985150-2022-08-08
About Us ⤵️
https://digitalcryptonetworks.com/
Samsung partners with Theta Labs for upcoming Galaxy NFT ecosystem.
Theta Networks will issue Galaxy NFTs as part of new drive to offer Samsung users an innovative consumer experience, including access to virtual events via ThetaPass.
Samsung Electronics has signed a memorandum of understanding (MOU) with partners, including Theta Labs, to operate an NFT ecosystem for its new range of Galaxy mobile phones.
https://cryptoslate.com/samsung-partners-with-theta-labs-for-upcoming-galaxy-nft-ecosystem/
About Us ⤵️
https://digitalcryptonetworks.com/
Theta Networks will issue Galaxy NFTs as part of new drive to offer Samsung users an innovative consumer experience, including access to virtual events via ThetaPass.
Samsung Electronics has signed a memorandum of understanding (MOU) with partners, including Theta Labs, to operate an NFT ecosystem for its new range of Galaxy mobile phones.
https://cryptoslate.com/samsung-partners-with-theta-labs-for-upcoming-galaxy-nft-ecosystem/
About Us ⤵️
https://digitalcryptonetworks.com/
Hodlnaut Is Latest Asian Crypto Lender to Halt Withdrawals
Hodlnaut, a cryptocurrency lender operating in Asia, halted customer withdrawals, making it the latest company in the digital-assets sector to succumb to the recent collapse in token prices.
In a statement on Monday the company announced that it was “halting withdrawals, token swaps and deposits with immediate effect” due to “recent market conditions.” Hodlnaut also said it had withdrawn its license application with Singapore’s central bank.
https://www.bloomberg.com/news/articles/2022-08-08/asian-crypto-lender-hodlnaut-halts-withdrawals
About Us ⤵️
https://digitalcryptonetworks.com/
Hodlnaut, a cryptocurrency lender operating in Asia, halted customer withdrawals, making it the latest company in the digital-assets sector to succumb to the recent collapse in token prices.
In a statement on Monday the company announced that it was “halting withdrawals, token swaps and deposits with immediate effect” due to “recent market conditions.” Hodlnaut also said it had withdrawn its license application with Singapore’s central bank.
https://www.bloomberg.com/news/articles/2022-08-08/asian-crypto-lender-hodlnaut-halts-withdrawals
About Us ⤵️
https://digitalcryptonetworks.com/
To dodge crypto tax, Indian users take global exchange route. 💱
India’s tax on cryptocurrency transactions is becoming a boon for international exchanges, as users transact in overseas exchanges to avoid paying the 1% TDS imposed in July. Among the beneficiaries: International platforms such as Binance and KuCoin
https://www.livemint.com/market/cryptocurrency/crypto-users-tap-global-exchanges-to-skip-tax-11661192586226.html
About Us ⤵️
https://digitalcryptonetworks.com/
India’s tax on cryptocurrency transactions is becoming a boon for international exchanges, as users transact in overseas exchanges to avoid paying the 1% TDS imposed in July. Among the beneficiaries: International platforms such as Binance and KuCoin
https://www.livemint.com/market/cryptocurrency/crypto-users-tap-global-exchanges-to-skip-tax-11661192586226.html
About Us ⤵️
https://digitalcryptonetworks.com/