Polkadot promotes itself as a unique proof-of-stake cryptocurrency aimed at delivering interoperability among other blockchains. With the required speed as well efficiency, Polkadot, according to many, is one of the most valuable projects in the crypto-space right now. At the time of writing, DOT was trading around the $15.3 price level, having noted an uptick of about 1.7% in 24 hours.
Two emerging digital assets are on the rise after rallying over 300% in the last 30 days amid sideways trading action in the crypto markets.
One red-hot crypto asset as of late is blockchain-based trading and battling game Axie Infinity (AXS).
Earlier this week, popular social media platform TikTok has quietly updated its “Branded Content Policy,” prohibiting influencers from participating in paid promotions of financial services and products, including Bitcoin and other cryptocurrencies.
Back in 2019, an estimated 99% of crypto-asset transfers took place on centralized exchanges (CEXs), according to the number that was used by main crypto critic Nouriel Roubini. CEXs are likely to remain a central fixture of the crypto trading landscape for the foreseeable future. CEXs are fast and convenient, but typically require traders to deposit funds in an account controlled by the exchange. Unfortunately, history illustrates that this loss of sovereignty over a user’s digital assets can be an extreme and costly compromise.
U.S. Senator Patrick Toomey has declared investments in Grayscale’s bitcoin and ethereum trusts. His declaration shortly followed one by fellow congressman, U.S. Representative Barry Moore, who declared that he had invested in dogecoin, ether, and cardano.
Bank of Thailand says a growing number of companies are asking for payments in cryptocurrencies, such as bitcoin and ether. The central bank reiterates its stance on crypto and warns of the risks of using them as a means of payment.
The digital asset trading platform Crypto.com has announced the firm has become the first global cryptocurrency exchange to obtain an Electronic Money Institution (EMI) license from the Malta Financial Services Authority (MFSA). According to the announcement, Crypto.com’s EMI license will allow the firm to issue cards and bank transfers to consumers in the region.
ChainSwap has suffered another exploit.
A hacker found a vulnerability in the decentralized exchange’s smart contract code last night. It gave them a way to access the protocol and sell tokens available on ChainSwap via other exchanges.
Tesla CEO Elon Musk is still talking about Dogecoin’s future, discussing what the meme currency must achieve to stay relevant in the digital payments world.
This week, the tech billionaire took to Twitter to share his thoughts on how to improve Dogecoin’s digital payments system.