Category: News
The latest news about the crypto industry on Tokenbestnews. Breaking news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more.
US IRS May Auction off the $1.2B Worth of Crypto Seized This Year
An exclusive report on Bitcoin (BTC) and crypto-related forfeitures by the United States Internal Revenue Service (IRS) has revealed that the tax agency has realised about $1.2 billion in cryptocurrency seizures this fiscal year.
Read MoreZcash founder Zooko Wilcox advocates for a shift to proof-of-stake consensus mechanism
Zcash founder and Satoshi Nakamoto collaborator Zooko Wilcox desires to use the privacy-focused digital currency to move crypto forward by recommending that it transits from the proof-of-work consensus mechanism to
Read MoreErnst & Young’s Blockchain Technology to Create NFTs for Award-Winning Italian Film
A blockchain-as-a-service dubbed EY OpsChain under big-four accounting and auditing firm Ernst & Young will create non-fungible tokens (NFTs) for the award-winning Italian film La Leggenda Di Kaspar Hauser. Per
Read MoreEthereum (ETH) continues getting a keen eye as crowd awareness
Ethereum (ETH) continues getting a keen eye as crowd awareness, and interest rose substantially after the second-largest cryptocurrency crossed above $2,500, as acknowledged by crypto analytic firm Santiment. The recent price surge
Read MoreNFT Boom: OpenSea is Recording More Daily Volume than its Total 2020 Volume
The Non-Fungible Token (NFT) metaverse boom is growing, as shown in the transaction volume of the popular marketplace, OpenSea. According to Devin Finzer, the co-founder and CEO of OpenSea, the platform
Read MoreFirst Crypto MasterCard CoinJar Card Launches in Australia
CoinJar, a cryptocurrency exchange from Australia, cooperated with the global payment giant MasterCard to launch Australia’s first cryptocurrency MasterCard CoinJar Card. According to the official announcement of CoinJar today, the new digital
Read MorePayPal Expands Talent Hunting in Ireland to Speed up Crypto Development
Global Payment Platform PayPal speeds up to develop its crypto business. The company is seeking more crypto talent to join its team in Ireland, according to local media coverage Sunday.
Read MorePayPal to Launch Crypto Trading Next Month in the U.K.
Global payment provider PayPal Holdings Inc. revealed the company is planning to develop the next market in The United Kingdom to provide its crypto trading services. Following up the news
Read MoreFinland Seeking Brokers for Selling $79M Bitcoin Seized from Illegal Drug Market
The Custom authority of Finland has announced that it is looking to hire brokers to sell 1,981 Bitcoins seized from illegal drug dealer networks to convert them into fiat currency. At the time
Read MoreHorizon Kinetics Bets on Bitcoin as Inflation Bites
US-based asset manager Horizon Kinetics is the latest investment firm to bet on the Bitcoin bandwagon. Speaking in an interview with the Financial Times, Peter Doyle, the co-founder of the
Read MorePayPal to Launch Crypto Wallet in Q3 This Year, CEO Reveals
Payment provider PayPal Holdings Inc. published its second-quarter financial report Wednesday. CEO of PayPal Dan Schulman said the company would launch a crypto wallet in the third quarter this year.
Read MoreChangpeng Zhao Says He’s Willing Step Down as Binance CEO Amid Global Cryptocurrency Crackdown
Binance, the world’s largest crypto exchange by trading volume, is looking for a senior person with a solid regulatory background to become its new CEO. Speaking at a virtual press
Read MoreTezos launches community grants programs to support creators
On Tuesday, July 27, the Tezos (XTZ) ecosystem launched a few community grant programs to support creators and builders on the Tezos community. XTZ will make these programs accessible to grantees worldwide
Read MoreYearn Finance founder Cronje proposes Fixed Forex concept in DeFi
Andre Cronje, the founder of Yearn Finance DeFi aggregator, has introduced the Fixed Forex concept for incorporating foreign exchange mechanisms to DeFi. In a blog post dated July 25, Cronje
Read MoreCardano (ADA) to become a mainstream crypto like BTC & ETH
Cardano (ADA) has over the past few years improved on its technological innovations, making it a strong competitor of Ethereum. According to a portfolio strategist at U.S financial service firm
Read MoreEasyFi Announces Launch Of Exclusive Staking Programs For Token Holders, Teases New UI/UX
EasyFi has just announced two new and exclusive staking programs for their EZ and EZ (IOU) token holders. The programs have simultaneously launched on Monday the 19th of July at
Read MoreEthereum is Expected to Undergo a 90% Daily Emission Reduction Following ETH 2.0 Upgrade
Ethereum (ETH) was up by 9.72% in the past week to breach the psychological price of $2K during intraday trading. ETH’s price stood at $2,056 as the second-largest cryptocurrency continues
Read MoreWyre announces partnership with Polygon to bring USDC token to millions
Fiat-to-crypto and payment solutions provider Wyre has announced a partnership with Ethereum scaling and infrastructure development platform Polygon. The collaboration was announced on July 22. Details of the partnership indicate that Polygon developers can
Read MoreRipple’s rival Stellar and Advent in talks to acquire MoneyGram
MoneyGram International Inc., one of the biggest money-transfer service providers in the U.S., is seeing preliminary takeover interest from Stellar Development Foundation and Advent International. Stellar is a San Francisco-based
Read MoreCurrency.com Joins UK’s Crypto Trade Association CryptoUK as an Executive Member
Currency.com, the fast-growing encryption platform in Europe, has officially announced that it will join CryptoUK, the trade association of the UK’s encrypted digital industry, as an executive member. Currency.com, the world’s first
Read MoreAustralia-based Zip Considers Adding Crypto Trading Options within a Year
Australia-leading digital retail finance and payments company Zip Co Ltd is considering adding cryptocurrency trading options for customers. Sydney-based Zip Co is a “Buy Now, Pay Later” (BNPL) company offering point-of-sale
Read MoreGift ideas you can buy with cryptocurrencies
Cryptocurrencies are very popular these days. Many people use it as an investment but let‘s not forget that there are loads of goods and services you can buy with it:
Read MoreIOTA NFT marketplace records striking growth on debut week
The IOTA NFT Marketplace launched on testnet IOTA 2.0 DevNet has experienced striking growth in the past week. Already, thousands of bids have been recorded, going by a report shared
Read MoreMastercard Enhances Crypto Wallet and Exchange Business
Payment giant Mastercard announced Tuesday to enhance its function and experiment for cryptocurrency wallets and exchanges to their clients. The card issuer cooperates with multiple crypto enterprises to make conversion
Read MoreEuropean Commission Moves to Tighten Rules on Cryptocurrency Transfers
EU policymakers have proposed changes to EU rules to compel firms that Transfers Bitcoin and other cryptocurrencies to collect details of the sender and the recipient. The European Commission made such an announcement on
Read MoreGOP Senators Urge US Olympic Committee to Bar Athletes from Using Digital Yuan
Three U.S. Republican senators urged United States Olympic & Paralympic Committee (USOPC) Monday to ban American athletes from acquiring or using the Chinese Communist Party’s digital electronic currency Payment, or digital yuan (e-CNY), during
Read MoreCathie Wood-led ARK Invest Purchases Another $54M Shares in Square
Cathie Wood-led ARK Invest has purchased 225,937 shares, estimated to be about $53.7 million in Square last Friday, the American financial services and digital payments company, according to online media Business
Read MoreSquare to Build a New Open Developer Platform Focusing on Bitcoin
Jack Dorsey, CEO of American financial services and digital payments company Square, announced on Twitter Friday that Square is actively creating a new non-custodial, permissionless, and decentralized financial services business platform, mainly
Read MoreAustralia Sponsors Two Blockchain Pilot Projects for AU$5.6M
The Australia government has allocated more than 5.6 million Australian dollars (around $4.1 million US dollars) to support two new blockchain pilot projects to study how blockchain can improve the
Read MoreUK Authorities Make Record-Breaking Crypto Seizure Worth Approximately $250 Million
UK detectives have seized cryptocurrencies worth nearly £180million, approximately $250 million. A 39-year-old woman was released on bail after under arrested. This seizure becomes the largest on British soil because it tops
Read MoreOver 101 Carat Diamond Sold for $12.2M in Crypto in Hong Kong
A 101.38-carat diamond has been sold for over $12.2M, conducted by Sotheby’s in Hong Kong recently. The transaction will be accepted in cryptocurrency payment, either in Bitcoin or Ethereum. “The Key 10138”
Read MoreDeFi Trading Platform PancakeSwap Tokens Rose Nearly 12% in the Worth $72M Burning Event
Decentralized trading platform PancakeSwap’s native token PancakeSwap burned 5,300,000 cake tokens at a total price of $72 million on Monday. Cake’s transaction price subsequently increased by 11.63%, which is the largest daily increase
Read MoreIAGON Raises $3.4M to Bring Big Data to Cardano
Cardano’s capabilities are steadily strengthening as a string of projects have begun building on the high throughput blockchain. The latest venture to make great strides in this respect is IAGON,
Read MoreGoldman Sachs Leverages Crypto Management Firm Galaxy Digital to Swap Bitcoin Futures
Galaxy Digital’s co-president Damien Vanderwilt announced today that his firm has partnered with Goldman Sachs to help provide bitcoin futures products. The partnership marks one of the first occasions where
Read MoreBTC & ETH Have Been the Best Risk-Adjusted Assets over the Last Year
Bitcoin (BTC) and Ethereum (ETH) have been the best risk-adjusted assets over the last year based on the Sharpe Ratio. According to data science firm IntoTheBlock: “The Sharpe Ratio is one of the
Read MoreCABEI Offers Assistance to Support El Salvador’s Bitcoin Adoption
The Central American Bank for Economic Integration (CABEI) head said that the multinational development bank would offer technical assistance to El Salvador to implement Bitcoin as legal tender, Reuters reported Monday. In
Read MoreWhite House Top Tech Adviser Holds Millions in Bitcoin
Politico media company featured Timothy Wu, a top tech advisor for the Biden administration recently. The media outlets cited a personal financial disclosure that Wu recently filed and estimated that he owns
Read MoreTwitter CEO Jack Dorsey to leave social media giant for Bitcoin, ‘if it needs him’
Twitter CEO Jack Dorsey has stated that his other company, Square; which is more crypto-focused, is considering developing a hardware wallet. Dorsey shared this exciting news on Twitter where he further confirmed
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