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Archives: Fast News

  • Cardano whales filling their bags

    Cardano whales filling their bags

    According to data from Santiment, ADA’s shark addresses – addresses holding 10,000 to 100,000 tokens, have accumulated 79.1 million tokens, worth about $35.6 million against the prevailing rate, to their collective holdings in the past month.

    Additionally, major whale addresses – addresses holding 100,000 to 1 million – have retained their ADA holdings as dumping seems to have come to a halt this month. Both address categories constitute 27.45% of the total addresses holding ADA, with shark addresses being 10.48%, and whale addresses, being 16.97%.

  • Crypto credit cards rise as traditional credit cards get ditched

    Crypto credit cards rise as traditional credit cards get ditched

    Crypto credit cards rise as traditional credit cards get ditched

    According to BeInCrypto, traditional credit cards are being ditched in favor of crypto rewards credit cards. Examples are Crypto.com’s Visa and BlockFi’s Visa.

    Other findings threw out there are that 46% of crypto credit card holders aim to use their crypto credit cards for every purchase. And, 80% think Bitcoin will totally replace traditional credit cards. Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) are the most preferred cryptocurrency reward coins among the study’s respondents.

  • SHIBA INU adds 20,000 holders in a month despite sluggish market

    SHIBA INU adds 20,000 holders in a month despite sluggish market

    According to data Finbold retrieved from CoinMarketCap, SHIB had 1,178,157 holders on June 12, whereas as of July 11, there were 1,199,539 holders of the meme token, representing total growth of 21,382 across this time frame.

  • G20 watchdog to propose first global crypto rules in October

    G20 watchdog to propose first global crypto rules in October

    G20 watchdog to propose first global crypto rules in October

    The Financial Stability Board (FSB), which is a group of 20 regulators, treasury officials, and central bankers of the G20 nations, plans to establish “strong” worldwide standards for cryptocurrencies this October.

    “The failure of a market player, in addition to imposing potentially large losses on investors and threatening market confidence arising from crystallisation of conduct risks, can also quickly transmit risks to other parts of the crypto-asset ecosystem,” the FSB said in a statement.

  • Ripple partners up with major Web3 company to bring XRPL NFTs to CrossTower’s marketplace

    Ripple partners up with major Web3 company to bring XRPL NFTs to CrossTower’s marketplace

    CrossTower, one of the world’s largest Web3 companies, and Ripple have joined forces and entered into a partnership in the NFT field.

    Thanks to the partnership, NFT collections minted on XRP Ledger will appear on CrossTower’s marketplace, and therefore XRPL NFT developers and creators will have full access to the site’s functionality and global audience.

  • Revolut partners with Polkadot, offers DOT rewards for its “Learn-and-Earn” students

    Revolut partners with Polkadot, offers DOT rewards for its “Learn-and-Earn” students

    Revolut is collaborating with Polkadot (DOT) to develop a course explaining the benefits and opportunities unlocked by Polkadot (DOT) cross-chain ecosystem, its main advantages and prospects.

    Students who pass a quiz after each lesson will earn up to $15 worth of free DOT tokens as a reward.

  • Binance CEO predicts DEXes will overtake CEXes within the next 10 years

    Binance CEO predicts DEXes will overtake CEXes within the next 10 years

    Speaking in an interview with the two co-hosts of the Bankless podcast, Binance chief Changpeng “CZ” Zhao predicted that DeFi and decentralized exchanges (DEXes) would be far superior to their centralized competitors within the next decade.

    While CZ admitted it would take a long time for centralized exchanges to “go to zero,” he predicted decentralized platforms would only require another 5 to 10 years to dominate the market.

  • Paris Saint-Germain is selling premium NFT for its upcoming Japan tour

    Paris Saint-Germain is selling premium NFT for its upcoming Japan tour

    French football club, Paris Saint-Germain (PSG), is selling VIP NFT tickets and commemorative NFTs to mark its first Japan tour in 27 years.

    The price of each ticket is 180.365183 ETH or ¥ 30,000,000 ($218,953). Buyers of the premium NFT tickets can enjoy perks such as a meet & greet with PSG players at a special VIP party where they can get their photos taken with the players as well as an autograph.

  • Volumes surge 205% in Axie revival as co-founder claims project is ‘healing’

    Volumes surge 205% in Axie revival as co-founder claims project is ‘healing’

    Play-to-earn (P2E) Metaverse game Axie Infinity appears to be on the mend, with its NFT sales volume pumping 205% over the past seven days.

    The project’s co-founder Jeff Zirlin echoed such sentiments via Twitter on July 8, after he stated that the project was “healing” in reference to the strong adoption of NFT land staking, the Ronin bridge being back up, and a notable uptick of game downloads and NFT sales.

  • Celsius hires new restructuring lawyers amid debt repayments

    Celsius hires new restructuring lawyers amid debt repayments

    Troubled crypto lender Celsius has reportedly tapped a new law firm to advise its restructuring efforts as it continues to resolve its outstanding debts.

    According to a report by the Wall Street Journal on Sunday, the ailing company has replaced its former lawyers at Akin Gump Strauss Hauer & Feld LLP with new ones from Kirkland & Ellis LLP.