The largest telecommunications provider in Europe, Deutsche Telekom AG, announced on Monday that it will be leveraging Coinbase Custody to hold the firm’s celo tokens. Celo is a mobile-first platform that connects to decentralized apps, is EVM compatible, and the network allows holders to stake the crypto asset. While keeping the celo tokens with Coinbase…
How Bitcoin Mining by Governments can Help De-risk Cryptocurrency
May government mining, or just taxation structure, address this? There seems to be a constant talk, particularly among those connected in legacy financial institutions, about how cryptocurrencies can be – to some degree – “de-risked.” While many traditional financial players that are not crypto-first but crypto-adjacent (such as Visa) rely on stablecoins like USDC as…
Using a Crypto Loan App to Bring Financial Services to Excluded Groups in Africa
In much of Africa, many people still lack access to basic financial services for many reasons. One of the reasons is that financial institutions have set standards or thresholds that make it impossible for low-income earners to even open a bank account. Access to soft loans or other forms of financing is even more cumbersome…
Ethereum Layer-2 Scaling Solution Arbitrum to Launch This Month
Arbitrum, an Ethereum Layer-2 (L2) scaling solution, announced it would launch its mainnet for users this August. The tool, which allows Ethereum users to transact with very low fees, had launched in beta version last June, with support from some key projects in the Ethereum sphere, like Uniswap, who received a community vote to integrate…
Brazilian Court Sell $1.1 Million in Bitcoin Seized by Federal Police
A Brazilian federal court ordered the sale of a bitcoin stash worth $1.1 million. The sale was conducted by the largest regulated exchange in the country, Mercado Bitcoin. The Federal Police seized the bitcoin sold from Tradergroup, a company that allegedly was operating as a Ponzi scheme, under the facade of being a cryptocurrency investment…
Daily Crypto News: Axie Infinity Becomes Ethereum’s First NFT Game to Hit $1 Billion in Sales
Top Crypto Trader Predicts End of Dogecoin’s Bear Trend, Says One Sleeping Giant Could Be Ready To Surge A high-profile trader says that Dogecoin (DOGE) and one other asset are preparing for liftoff as Bitcoin edges toward $45,000 and Ethereum reclaims $3,000. In a tweet to his 156,000 followers, Smart Contractor predicts that Dogecoin will…