Tether has added Britannia Bank & Trust as a banking partner to process US dollar transfers. The Bahamas-based private bank will help USDT issuers with their banking needs after US banks cut ties with the cryptocurrency. The stablecoin company has reportedly instructed customers to send funds to Britannia’s accounts in recent months. Cryptocurrency giant Tether, which owns the world’s largest stablecoin, has reportedly found a new banking partner in Britannia Financial Group. USDT issuers have been relying on Bahamas-based Britannia Bank & Trust to process US dollar transfers amid the exodus of traditional financial institutions from the cryptocurrency industry. Britannia…
Author: Crypto Flexs
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Over the past few months, Litecoin has emerged as one of the most popular cryptocurrencies due to the halving event that occurred in August. As this event approaches, cryptocurrency investors are starting to fill their LTC bags in preparation for what is expected to be a very bullish event. And now, with the halving less than two days away, the sharks have made a surprising move to prepare for a possible rise. Litecoin Sharks pack the bags. A report shared by on-chain tracking platform Santiment reveals how Litecoin investors currently view the digital asset. The chart showed an impressive accumulation…
Posted 1 minute ago In ~ Cryptocurrency benchmark index provider CF Benchmarks has launched a series of staking indices for institutional clients. This data, called the CF Staking Reward Rate Series, provides investors with reward rates for specific proof-of-stake protocols, providing institutional clients with a more appropriate reflection of daily staking rewards, the company said in a statement. The indices of the new CF Staking Reward Rate series have been registered with the European Union’s benchmark regulations. The reward rate data is sourced from four institutional non-custodial staking providers, the company added. “Proof-of-stake has become a popular consensus mechanism because…
reporter Posted on: November 29, 2023 Chainlink has launched the v0.2 upgrade on its network. Demand for LINK has decreased over the past two weeks. Leading oracle network Chainlink (LINK) announced the mainnet launch of the v0.2 upgrade of its basic staking mechanism. #Chainlink Staking v0.2 has officially been released on mainnet ⬡ Starting today, existing v0.1 stakers will have 9 days to migrate their staked LINK and accumulated rewards to the 45 million LINK v0.2 pool, with guaranteed access before early access begins. 🧵https://t.co/pcFAVXct3L — Chainlink (@chainlink) November 28, 2023 This upgrade comes 11 months after the protocol first…
A cryptocurrency wallet is a tool for managing your assets and interacting with the blockchain. It is required not only to receive and transfer coins, but also to access DApps. Technically, your wallet doesn’t hold any coins. This creates a key confirming your right to use a certain amount of cryptocurrency that belongs to you. Nonetheless, we use the term “storage” to make the underlying process of encryption easier to understand. How do cryptocurrency wallets work? Your wallet has two keys: a public key and a private key. The public key creates an address to receive cryptocurrency. You can safely…
With over 5,000 games available in one place, it’s easy to assume that BitStarz offers every type of casino game imaginable. Today we’re excited to introduce something completely different with the addition of a new gaming provider: Clawbuster. This small company pioneered a new type of casino game that offers a unique gaming experience. To introduce the format, imagine an old claw machine outside a convenience store or arcade. You’ll put some money in there, place your claws on an item you like the look of, and then bring your claws down to try and grab that sucker. Now imagine…
Early ETH and ADA investors are considering NuggetRush. No purchase/sales taxes, collectible NFTs, and strategic partnerships allow NuggetRush to gain market share in the gaming industry. Ethereum’s decline has sparked investor diversification, while Cardano’s price decline following its collaboration with Kraken appears to have triggered more outflows to NuggetRush. Investors who previously supported Ethereum and Cardano appear to be considering a new cryptocurrency project, Nugget Rush (NUGX). It is known that these investors have been accumulating NUGX through the ongoing pre-sale. NuggetRush offers real rewards and opportunities to players around the world. This project features collectible NFT characters, providing novelty…
quick take The launch of Econia on the Aptos mainnet promises to revolutionize DeFi with its unique combination of efficiency and decentralization. Offering sub-second transaction finality, an atomic matching engine, and permissionless access, Econia aims to bridge the gap between centralized and decentralized exchanges to provide a comprehensive and efficient trading experience. Econia launches Aptos mainnet Econia, an on-chain orderbook uniquely designed for atomic execution and settlement, has been launched on the Aptos mainnet. This move marks a milestone that could change the landscape of decentralized exchanges and trading platforms. Econia’s unique approach, based on on-chain order books and integration…
Binance is paying literally billions of dollars to give the U.S. government unfettered access to its ledgers, while its founder and former CEO Changpeng Zhao is serving about a year and a half in federal prison. But the Binance exchange is still operating, and federal prosecutors acknowledge in court papers that CZ still holds most of his money.
Recently, Binance, one of the world’s leading cryptocurrency exchanges, has seen an unusual withdrawal pattern. Specifically, 4.7 million LINK tokens, worth approximately $31.58 million, were suddenly withdrawn from 81 newly minted wallets over a short period of time. This event was notable for the large number of tokens moved and the rapid and simultaneous action taken on newly created accounts. This withdrawal pattern raises questions about the strategy and intent behind these moves, and what this may indicate about LINK, the token. Mysterious LINK withdrawal timeline On September 18, 2023, Lookonchain, an on-chain analytics platform, identified a bizarre LINK withdrawal…