Cryptocurrency News
Circle Is Bringing Cross-Chain Support To USDC
Circle is partnering with Alexar to enable USDC support for cross-chain applications. Alexar will integrate USDC transfers between blockchains including Ethereum, Avalanche, Polygon, Sui and Cosmos.
Crypto Bank Nuri Goes Out Of Business,...
German crypto bank Nuri has asked customers to withdraw all funds from their accounts before December 18. The bank filed for bankruptcy in August after facing liquidity issues due to the crypto bear market.
Brazilian ATMs Will Support Tether USDT
Residents will be able to convert their reals into USDT at ATMs across Brazil from November 3. Crypto assets like USDT stablecoins are gaining popularity in the country as a store of value due to rising inflation.
Reddit Users Open 2.5 Million Crypto Wallets...
The popular social media network has seen a massive increase in new users after the release of its NFT marketplace. Since its launch in July, over 2 million crypto wallets have been registered on Reddit’s digital collectibles platform.
Brazil’s Nubank Is Developing A Native Cryptocurrency
Nubank is releasing a native crypto token in 2023. Nucoin will offer crypto loyalty rewards to customers using Nubank products and services. The digital bank has been a pioneer in adopting Web3-based technologies and even launched a crypto trading platform in May.
Ethereum Launches Testnet For ‘Shanghai’ Upgrade
The world's largest blockchain network is working on its next upgrade. The ‘Shanghai’ upgrade, expected to go live in 2023 has released its ‘Shandong’ testnet for developers to test their applications on. Shanghai will solve the efficiency and scalability issues currently faced by Ethereum
Ripple Will Soon Support Ethereum-based Applications.
An EVM-compatible sidechain currently in development will support Ethereum-based applications on Ripple’s blockchain. The sidechain will deploy a cross-chain bridge in 2023, allowing transfer of XRP and ETH tokens between both blockchain platforms.
Over $3 Billion Grossed From Crypto Hacking...
Blockchain analytics firm Chainalysis reports 2022 to be the biggest year ever for crypto hackers. Attackers have stolen assets worth $3 billion from 125 different exploits this year.
MasterCard Is Bringing Crypto Trading Services To...
MasterCard is partnering with blockchain infrastructure company Paxos to help financial institutions provide cryptocurrency services. The initiative will allow banks and fintech to buy, sell, store and trade crypto assets for customers using MasterCard’s blockchain-focused programs.
