In this week’s newsletter, we dive into the dynamic world of nonfungible tokens (NFTs) and their impact on the digital landscape, as NFT sales have skyrocketed to an impressive $129 million in November, according to data from Nansen. Despite the surge in sales, OpenSea has laid off a substantial amount of staff as it prepares to launch version 2.0 of […]

Cardano has been subject to criticism for its perceived slow pace in rolling out new features and updates. Frederick Gregaard, the CEO of the Cardano Foundation, recently addressed these concerns, framing the network’s meticulous progress as a virtue during an interview with Cointelegraph at the recent Cardano Summit in Dubai. According to a report by Hermi de Ramos for Cointelegraph, […]

Shiba Inu, the dog-themed meme coin, recently hinted at an update to bring self-custodial identity to all SHIB token holders. One of Shiba Inu’s prominent developers has teased a blockchain-based digital identification system for all the token holders. The official X (formerly Twitter) account of Shiba Inu dropped the teaser on October 28. The tweet also hinted towards a surprise […]

San Francisco-based blockchain firm Ripple has struck a deal with African payments fintech Onafriq to open new remittance corridors between Africa and the Gulf Cooperation Council, the U.K., and Australia. Ripple, Onafriq Forge New Payment Corridors Ripple will power new remittance corridors between 27 African countries and Australia, the United Kingdom, and the Gulf Cooperation Council (GCC) under a partnership […]

Cryptocurrency analysts of Coinidol.com report, the price of Cardano (ADA) has risen and reached the historical price level. Cardano price long term forecast: bullish On November 6, ADA/USD reached a high of $0.3757, which corresponds to the historical price level. Cardano has not surpassed its last high since July 14. Further gains in the cryptocurrency are unlikely as the market […]

While the prevailing traditional financing models resulted in the crypto and blockchain sector raising billions of dollars over the years, they are not without weaknesses, according to Project Catalyst’s group product manager. At the recent Cardano Summit in Dubai, Kriss Baird, the principal figure of Project Catalyst — a community-driven governance and grants and funds mechanism through voting within the […]

The European Banking Authority (EBA) — the European Union’s banking watchdog — has proposed a new set of guidelines for stablecoin issuers that will set minimum capital and liquidity requirements. The new liquidity guidelines aim to ensure the stablecoin can be quickly redeemed even during turbulent market conditions to avoid the risk of bank runs and contagion in a crisis. Under the […]

HSBC has partnered with Ripple-owned tech firm, Metaco, to integrate its institutional platform Harmonize with HSBC’s new custody service for digital assets, the firm announced on Nov. 8. The bank expects to roll out the new digital asset custody service in 2024, complementing its digital asset issuance platform known as HSBC Orion and HSBC offering for tokenized physical gold, launched […]

Cardano has come under fire from critics for delays in the rollout of features and network upgrades. This slower-paced cadence, however, appears to be a badge of honor to Cardano Foundation CEO Frederick Gregaard, who said that the network is “boring,” considering the platform’s academic approach. “Cardano is boring. We are boring because we are based on academic peer-reviewed papers, […]