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  • Russia and China establishing interaction of financial messaging systems outside SWIFT

    Russia and China establishing interaction of financial messaging systems outside SWIFT

    Russia and China establishing interaction of financial messaging systems outside SWIFT

    The Bank of Russia and the People’s Bank of China are working to integrate the Russian and Chinese financial messaging systems, bypassing the global interbank payment system SWIFT, Chairman of the State Duma’s (lower house) Financial Markets Committee Anatoly Aksakov announced.

    Anatoly Aksakov informed attendees at the latest press conference that the Russian central financial institution is operating on interactive options that could let Russia’s SPFS payment program connect to the Chinese CIPS.

  • FTX launches crypto exchange services in Australia

    FTX launches crypto exchange services in Australia

    Major cryptocurrency exchange FTX has formally set up shop in Australia following its acquisition of a major financial license in the country.

    FTX’s offering in Australia will include a comprehensive suite of exchange and OTC-based products and services, as well as derivatives.

  • Ethereum reserves on exchanges hit 3-year low

    Ethereum reserves on exchanges hit 3-year low

    According to data released by Glassnode, although it has only been nearly 3 months in 2022, nearly 550,000 ETH, worth about 1.61 billion USD, is leaving exchanges.

    This massive retracement has reduced Ethereum’s net balance on the exchange to 21.72 million ETH, the lowest level since September 2018, signaling a strong signal that investors intend to hold Ethereum as they hope that the price will rise in 2022.

  • ALTAVA Group partners with the Sandbox to launch exclusive NFT collection

    ALTAVA Group partners with the Sandbox to launch exclusive NFT collection

    ALTAVA Group announced the partnership with the Sandbox to launch exclusive NFT collection for both metaverse. The NFT collection will leverage ALTAVA’s experience of digitizing and tokenizing assets for high-end luxury brands.

    ALTAVA also purchased LAND on The Sandbox where users will be able to interact with ALTAVA’s partners, including some of the world’s most famous and sought-after fashion brands. The LAND purchase will even offer opportunities for a Luxury Fashion Town, art exhibition spaces, galleries and fairs.

  • EIP-1559 has burned 2 million Ethereum

    EIP-1559 has burned 2 million Ethereum

    According to data from ultrasound.money, EIP-1559, Ethereum’s popular fee burning proposal that launched in August 2021, has taken 2 million ETH out of circulation.

    Ethereum currently burns just over 6 ETH per minute. While Uniswap was previously the biggest gas guzzler on the network, a boom in the NFT market has led to OpenSea taking the top spot, with ETH transfers in second place ahead of Uniswap transactions.

  • Fantom network growing at breakneck pace as active addresses soars

    Fantom network growing at breakneck pace as active addresses soars

    Despite concerns around the exit of Andre Cronje and Anton Nell from the DeFi space, the network appears to have its objectives intact.

    Data from FTM Scan shows that 364,874 unique addresses joined the network last month. The figure represents an impressive 77.69% growth compared to last year.

  • Ripple helps shovel 156.3 million XRP

    Ripple helps shovel 156.3 million XRP

    Whale Alert crypto tracking bot has detected that in the past 18 hours, Ripple DLT heavyweight, several anonymous wallets and large cryptocurrency exchanges have together moved more than 156.3 million XRP, equivalent to $126 million at the current exchange rate.

  • LOKA rises 43.86% after 24h

    LOKA rises 43.86% after 24h

    LOKA rises 43.86% after 24h

    In the past 24 hours, LOKA, the native token of the League of Kingdoms ecosystem, has witnessed a growth of 43.86% to the price of $2,918. At the broader time frame, LOKA has gained 1746.39% in just 3 months.

    With the ATH of $3.85, many investors still have high expectations for the potential breakthrough of this token. However, some people think that, this asset needs more time to conquer new peaks after the recent strong wave.

  • Australia to make major move toward regulating crypto

    Australia to make major move toward regulating crypto

    Australia is preparing to regulate the cryptocurrency sector as part of the government’s major effort to modernize the country’s financial system, The Herald Sun reports.

    The planned regulations will mainly focus on crypto taxation, investor protection, and regulation of digital banks and exchanges.

  • Ukraine’s largest bank suspends remittances to crypto exchanges

    Ukraine’s largest bank suspends remittances to crypto exchanges

    Privatbank, Ukraine’s largest commercial bank has banned its customers from transferring hryvnia (Ukraine’s currency) to cryptocurrency exchanges. The temporary ban was put in place on March 16.

    According to a source, the ban stems from a resolution issued by the National Bank of Ukraine (NBU) on February 24, the day Russia launched its military invasion of the country.