The latest Bitcoin, DeFi, NFTs and web3 news from CryptoSlate.
Banking Circle adds USDC payments and fiat conversion
Banking Circle announced that it will allow payments in USDC as well as conversion of USDC to fiat currencies.
Celsius gets sued amidst Ponzi scheme allegations
KeyFi CEO alleged that Celsius has refused to honor the terms of a contract between both firms as regards profit sharing.
Bitcoin spikes above $22,500, but odds are it’s a fakeout
A relief rally took Bitcoin above $22,500, but a lack of bullish signs to support the next leg up suggest bears are far from done.
US Treasury calls for global crypto regulation, development of CBDC
The US treasury believes the crypto market is in need of consistent regulation applied globally, and the US should lead development of CBDCs.
Binance secures Virtual Asset Services Provider license from Spanish central bank
Binance extends its European registration drive with a nod from Spanish authorities.
Axie Infinity co-founder attempts to entice players back by saying “nature is healing”
Axie Infinity launched a new land staking feature to increase incentives to play, but is it all for nothing following the loss of trust resulting from the Ronin hack?
Here’s why the crypto downturn isn’t the end for DeFi
Despite the brutal drawdown, DeFi protocols continue to run as intended, and it's this that will set it apart from CeFi going forward.
NOW in Web3: Play2Earn, Move2Earn, Learn2Earn Form the Base for Incentivized UX
While incentivised learning is not entirely new in the space, more diverse companies and projects integrate Learn2Earn in their efforts to onboard new or retain an existing user base. All part of an incentivized UX.
NFTs and games remain intact amid coldest winter
According to recent numbers, the coldest crypto winter emerged after the Terra collapse and toppled all crypto-related areas except for NFTs and gaming.
Reddit launches NFT marketplace compatible with Ethereum
Reddit said the NFTs were minted on Polygon, and royalties from its secondary sales would be shared equally with artistes who worked on the project.
Aave proposes stablecoin to rival MakerDAO’s DAI
The proposed stablecoin GHO will be overcollateralized, pegged to the U.S. dollar, and backed by Aave Protocol collaterals.
Texas cryptocurrency miner to use power from batteries to support grid stability
As miners are under scrutiny for adding strain to the Texas power grid, Lancium has struck a deal to use power stored in batteries during peak demand
Celsius Network continues to make moves, prompting calls to resume withdrawals
Troubled crypto lender Celsius has been on a debt repayment spree the last few days further suggesting the platform doesn't intend to file bankruptcy.
Bank of England’s vision for the digital pound differs from China’s model
The BoE proposes involving the use of retail banks and private payment providers as the "interface" for the digital pound.
Only 17% of Ethereum stakers are in profit as validator deposits decline
Ethereum validators in profit are those who made their deposits when the digital asset was trading under $1000.