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30 Crypto Exchanges In Process To Support Cardano Vasil Hard fork

Mark Brennan
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30 Crypto Exchanges In Process To Support Cardano Vasil Hard fork

Exchanges are rushing to support Cardano Vasil Hard fork.



The Vasil hard fork has been deployed on the Cardano network, and all projects in the ecosystem and exchanges are eager to support it. The hard fork will bring several changes and improvements to the network, making it more stable and secure.

The project has been under development for a long time and is finally seeing some mainnet action. The fork will bring about several improvements to the network, making it more stable and secure. It is also expected to improve the performance of the platform. The hard fork will also enable the use of smart contracts on the Cardano network. This will allow developers to create and deploy decentralized applications on the network.

Some of the exchanges that have announced support for the hard fork include Binance, Bitrue Huobi, Hotbit,HitBTC,Bitfinex,NDAX.io, LCX, Upbit, Kraken, and OKEx. Support from these exchanges will ensure that the fork is a success and that users can trade on the network without disruptions.

Cardano daily updates:

“More exchanges kicking off the Vasil hardfork upgrades. 3 are Ready 27 are in process.”

Constant delays in the upgrade process had earlier caused some community members to lose faith in the project. However, with the successful deployment of the hard fork, it seems like the team is back on track and is working hard to improve the platform. The community is also very excited about the new developments and is looking forward to seeing how the platform will evolve in the future.

Aada Finance V1 

Recently, Aada Finance, Cardano-focused lending and borrowing service, announced that its V1 version is ready to launch. The platform is scheduled to come online on September 13 following public testing.

The Vasil hard fork is a big step forward for the Cardano project and its community. It will also pave the way for future development and adoption of the Cardano platform.

Cardano is one of the most promising blockchain projects in the market today. It is ranked among the top 10 by market capitalization. With the successful deployment of the Vasil hard fork, it is well on its way to becoming the go-to platform for enterprises and developers alike.

Croatia Osiguranje’s LAQO Launches Ripple (XRP) Payment Option for Its Car Insurance Services

Lele Jima
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Croatia Osiguranje’s LAQO Launches Ripple (XRP) Payment Option for Its Car Insurance Services

 

LAQO has become the first insurance company in Croatia to offer cryptocurrency payment options.


Croatia Osiguranje’s LAQO has announced a partnership with fintech company Electrocoin. The company announced today that the partnership would enable its users to directly purchase Compulsory and Kasko car insurance digitally using selected cryptocurrencies. 

At the moment, the company supports 13 cryptocurrencies, including bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), tether (USDT), etc. 

According to a recent announcement, all crypto payments will be processed via Electrocoin’s platform, PayCek, which will help keep users secure. 

With the addition of cryptocurrencies, LAQO users can now make payments for their car insurance services simply, quickly, and smartly.

Commenting on the development, Ana Zovko, Director of the Digital Development Sector of Croatia osiguranje, said the company had become the first insurance firm to make crypto payment provisions. 

“LAQO is the first insurance company in the Republic of Croatia to introduce payment with cryptocurrencies, which has brought us even closer to our more digital users, offering them a completely new shopping experience,” Zovko said. 

She added that the company has been at the forefront of introducing essential innovation to cater to the needs of its growing client base while encouraging innovation throughout the market. 

Total Croatia News explained that LAQO users who want to make payments using emerging assets could do so by selecting the option when purchasing their car insurance from the website. 

After accepting the terms and conditions, the amount of crypto in Kuna is displayed, and the user will be asked to select the desired crypto. In addition, the user will also provide a few details, like an email address. 

The next step is to scan the QR code displayed on the screen from a cryptocurrency wallet, and the payment will be marked complete. 

LAQO is a unit of Croatia osiguranje, which is dedicated to offering car insurance services with a few clicks. 

Dogechain Gets More Coverage As Huobi Lists DC Token

Albert Brown
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Dogechain Gets More Coverage As Huobi Lists DC Token

Despite massive controversies surrounding the newly-launched meme coin, the top exchanges are listing the dogecoin (DC).



According to the exchange, Huobi Global will be opening DC (Dogechain) spot trading (DC/USDT) and spot Grid trading (DC/USDT) at 13:00 (UTC) on August 31.

Dogechain writes:

“Frens, Dogechain is getting global coverage thanks to the @HuobiGlobal listing of the DC native token.”

Investors who missed out on the massive rally of other meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) saw the inception of DC as an opportunity to also participate in the meme coin frenzy, which is causing a price surge for DC coin. 

KuCoin Listed DC coin under trading pair DC/USDT on August 27, 2022. The exchange also announced an airdrop of 15 million Dogechain tokens for its users. In a similar development, another leading centralized exchange, MEXC Global, also listed the Dogechain coin.

As reported by TheCryptoBasic, Billy Marcus, the founder of Dogecoin, was allegedly offered $14 million to promote DC. However, Marcus turned down the offer as he is only committed to the Dogecoin project as dogechain has nothing to do with Dogecoin.

Exchanges Rush To Add Shiba Inu’s BONE, As Hong Kong-based Top Exchange List Bone Shibaswap

Zabi
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Exchanges Rush To Add Shiba Inu’s BONE, As Hong Kong-based Top Exchange List Bone Shibaswap

 

World’s Leading Cryptocurrency Exchange, LBANK Announces Listing of Bone ShibaSwap (BONE) in Innovation Zone.



Hong Kong-based cryptocurrency exchange LBANK plans to add support for Bone ShibaSwap (BONE) on August 31, 2022.

LBANK, the world’s leading crypto trading platform recently unveiled its plan to list Bone ShibaSwap, the Governance token of the Shiba Inu Ecosystem in the innovation zone.

As per the announcement, LBANK will enable deposit features for BONE on August 31, 2022. The trading will go live on the platform after a few hours on the same date. However, the withdrawal feature for BONE is scheduled to open on September 2, 2022.

BONE has recently grabbed the attention of many Centralized Exchanges (CEXs) as the price of BONE increased three times in the past ten days. On August 21, BONE hit the $0.70 price that caught investors’ interest.  Soon after that, the BONE begins to pump hard and increased more than three times to test the high of $2.38 on August 30th while cracking all the critical resistance levels.

BONE Price Increased 3X
BONE Price Increased 3X

At this moment, the listing on one of the most trusted exchanges like LBANK which boasts over 7 million users from more than 210 countries and regions all across the globe might help BONE to break its recent high and surge even higher in the next few days.

According to data provided by CoinMarketCap (CMC), Bone ShibaSwap is already up 135.86% over the last week. At press time, BONE is trading at the price of $1.93, down -11.01% over the last day, with a 24-hour trading volume of $40,904,951 ($40.90M). CoinMarketCap ranked BONE as the 694th biggest cryptocurrency in the world on the basis of Market Cap.

Founded in 2015, LBANK is a Hong Kong-based innovative global trading platform for various crypto assets. LBANK offers specialized financial derivatives, expert asset management services, and safe crypto trading to its 7 million registered users from more than 210 countries worldwide. LBANK is ranked 17th among the biggest cryptocurrency in the world in terms of daily trading volume. According to CoinMarketCap, users have exchanged hands with $1,073,677,045 ($1.07B) worth of digital assets in the past 24 hours on the exchange.

Messari CEO Calls SEC Ignoring Bitcoin Spot ETF A Fraud

Mark Brennan
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Messari CEO Calls SEC Ignoring Bitcoin Spot ETF A Fraud

 

Messari CEO bashes SEC for not approving Bitcoin Spot ETF.


Ryan Selkis, CEO and founder of crypto market intelligence provider Messari, is the latest to reprimand the SEC. The U.S. Securities and Exchange Commission (SEC) has been on the receiving end of criticisms from crypto proponents. Selkis, one of the most vocal crypto enthusiasts, recently lambasted the regulatory body for failing to approve Grayscale’s Bitcoin spot ETF application.

On Tuesday, Ryan Selkis called the SEC’s rejection of Grayscale’s BTC spot ETF application a fraudulent move. Selkis pointed out that Grayscale investors have had losses of $7B due to the SEC’s decision. “$7B has been lost to the SEC’s fraud in failing to approve a spot ETF at the expense of Grayscale investors,” he said.

 

Comparing it with the $1B lost to obvious scams in the space in 2021, Selkis highlighted that the SEC’s actions had done more damage to crypto investors than these scams. Speaking further, the American entrepreneur and investor asserted that SEC Chair Gary Gensler does not care about investor protection. 

Selkis also argued that Gensler’s actions are not driven by a desire to promote capital formation or make the markets fair. He mentioned that Gensler instead cares for power. Selkis argues based on recent unfavorable moves from the SEC against crypto entities.

The SEC Vs. Grayscale

In June, the SEC denied Grayscale Investments’ application to convert its Grayscale Bitcoin Trust (GBTC) to a BTC spot ETF. Grayscale made the application in October of last year, but the SEC has since then delayed its approval. After waiting and making required adjustments for months, Grayscale faced a rejection two months back.

According to the SEC, the rejection was due to several reasons, including insufficient answers to queries on market manipulation prevention. In response, Grayscale charged the SEC to court on the same day. The investment firm requested that the U.S. Court of Appeals consider the regulator’s decision for possible review.

The decision by the SEC to reject the Spot ETF application has denied Grayscale’s individual and institutional investors an opportunity to get easy access to direct BTC investments. The GBTC trust only gives clients a chance to make investments backed by BTC derivatives contracts. This is the foundation of Ryan Selkis’ assertion.

CryptoQuant Analyst Forecasts High Returns on DCA Accumulation of Bitcoin at These Levels

Albert Brown
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CryptoQuant Analyst Forecasts High Returns on DCA Accumulation of Bitcoin at These Levels

 

Accumulation Through Aggressive DCA in These Zones Can Bring High Potential Returns in the Next 6 Months/1 year.


 

Bitcoin (BTC) is currently witnessing extensive underperformance, with several metrics reaching bottom levels. Nonetheless, most of these metrics also provide a silver lining: an attractive accumulation zone for BTC. The BTC ratio of supply in profit, in particular, signals a strong point of accumulation that could lead to proper returns.

Per details by crypto data analytics platform CryptoQuant, most BTC holders are currently at a loss. The chart which indicates the percentage of supply in profit or loss has fallen to a value of 50.9. According to a CryptoQuant analyst, this indicates that most market participants are at a loss.

In addition, the analyst also highlighted that this metric provides a strong indication of market bottoms. “With high net losses, the sales force is gradually being exhausted, offering an opportunity for bulls to guide reversals,” the analyst said. However, he added that an exhaustion of the sales force could take months, indicating that investors should expect a reversal in the long term.

In conclusion, he noted that investors should grab the opportunity by accumulating BTC through dollar-cost averaging (DCA). The analyst says that gradually buying Bitcoin on every dip from $20,000 downwards could yield high returns. According to him, this technique could produce some heightened returns in the next six months to 1 year. 

Dollar-cost averaging involves the periodic investments of an investor’s funds in an asset to hedge against price fluctuations. The investor systematically invests his fund’s bit by bit instead of all at once.

Additionally, the Net Unrealized Profit and Loss (NUPL) indicator shows that most BTC holders are witnessing unrealized losses. The NUPL metric has a value of -0.089 – its lowest value in August. This indicates that most BTC investors are at a loss, corroborating data from the BTC Supply in Profit chart.

Bitcoin’s recent price actions represent growing strength amidst a bearish takeover. The asset has shown strong resilience despite crashing below the major support at $20k. BTC quickly bounced back after its fall and has remained above $20k in intraday movements. BTC currently trades at 20,321 against the dollar as of press time, with a slight decline of 0.28% in the past 24 hours.

UAE Al Jalila Foundation Receives First Crypto Donation Worth $16M to Support Cancer Charity Hospital

Mark Brennan
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UAE Al Jalila Foundation Receives First Crypto Donation Worth $16M to Support Cancer Charity Hospital

 

Quint Founders Donate $16 Million in Crypto Assets to Al Jalila Foundation.


According to local media, Al Jalila Foundation, a UAE charity organization promoting medical education and research, has received its first-ever cryptocurrency donation. The charity organization got $16 million worth of donations from the founders of QUINT.

This donation will be used to support Hamdan Bin Rashid Cancer Charity Hospital. The hospital provides free cancer treatment to children and adults. It is one of the leading cancer treatment hospitals in the United Arab Emirates. With the help of cryptocurrency, the Foundation can now reach out to more donors and provide better services to the patients.

The founders of QUINT, who made this donation, are committed to promoting the mainstream adoption of DeFi and cryptocurrencies. They believe that they can achieve this goal by providing real-world rewards and perks to investors.

Revolution in the World of Finance

QUINT is a unique token that offers investors real-world rewards and perks. It brings the benefits of DeFi and cryptocurrencies to the mainstream. With its innovative approach, QUINT is making a big difference in the world of finance.

Al Jalila Foundation is a non-profit organization that was established in 2013. The Foundation’s mission is to promote medical education and research in the United Arab Emirates. The foundation recently announced that it had been authorized to accept cryptocurrency donations. Now they have become the first healthcare charity in the UAE to accept donations in digital money.

The QUINT donation will go a long way in helping the Al Jalila Foundation to achieve its goals. With this support, the Foundation can continue its work of providing quality healthcare to everyone.

French Luxury Brand Hermès Files Trademark Application to Offer Crypto-Related Services

Lele Jima
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French Luxury Brand Hermès Files Trademark Application to Offer Crypto-Related Services

Hermès has become the latest luxury brand to declare interest in crypto offerings. 



Paris-based luxury brand Hermès has recently filed a trademark application that will enable its expansion into the cryptocurrency sector. The company made the application on August 26, 2022. 

Through the trademark application, Hermès claims that it wants to expand its services from offering luxury goods to non-fungible tokens (NFTs), cryptocurrency and NFT trading, virtual clothing and footwear, issuance and validation of digital certificates, etc. 

The development was disclosed on Twitter today by Mike Kondoudis; a USPTO licensed trademark attorney, He said: 

“Luxury brand Hermès has filed a trademark application for its name, claiming plans to expand into NFTs + Virtual currency, Crypto + NFT trading, Virtual good marketplaces, Virtual clothing, footwear, and fashion shows, etc.” 

Hermes crypto trademark applicaion
Hermes crypto trademark application

 

Founded in 1837, Hermès is a French luxury company that deals in leather goods, watches, jewelry, and ready-to-wear clothes and shoes. 

Rising Interest in Crypto Services Among Corporate Entities

The popularity of cryptocurrencies in recent times has continued to lure more corporate entities into the space. Most of these companies believe that not joining the crypto bandwagon early could spell doom in the long term. 

 

New US Federal Reserve Instant Payment System ‘FedNow’ Will Not Use XRP

Mark Brennan
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New US Federal Reserve Instant Payment System ‘FedNow’ Will Not Use XRP

 

US Federal Reserve’s upcoming FedNow is not using XRP as a bridge currency.



Despite recent tweets making the rounds, the Fed will not use XRP within FedNow, its latest payment initiative system launching in mid-2023, as it has nothing to do with cross-border payments that involve two different currencies.

Notably, XRP content creator Crypto Eri has joined the likes of Moon Lambo to express frustration at XRP influencers spreading misinformation to drive hype.

“This 2023 FedNow launch has nothing to do with cross-border flows,” Crypto Eri asserts in a tweet.

 

Famous XRP influencer Moon Lambo Writes:

“Many XRP influencers are misleading the XRP community. Not sure if it’s intentional. In order to believe that XRP is (or might be) used within the FedNow system, you have to have a fundamental misunderstanding of how XRP functions as a bridge currency and a liquidity tool. 

XRP can be used as a bridge currency to connect different payment systems (converting from 1 fiat currency to another), including FedNow, but that has nothing to do with the idea of XRP being used within the United States FedNow payment system which is domestic only at launch.”

 

It bears mentioning that in recent days, some XRP influencers, in response to the news of the Fed rolling out the FedNow service, have insinuated and sometimes clearly claimed that XRP will be utilized as a bridge currency in the system. Notably, The XRP Daily, a self-acclaimed XRP news platform, published an article on Tuesday, driving speculation by forcing links between the Fed project and Ripple.

In his pinned tweet, Ripple Influencer Alex Cobb, with over 134,000 followers on Twitter, shares The XRP Daily article championing it as good news for Ripple and its native token XRP, urging users to retweet the post.

While another Ripple influencer with over 133,000 followers, JackTheRippler, shared a graphic representation of how the FedNow system is supposed to work using XRP with no verifiable source. JackTheRippler asserts, “FedNow will use CBDC powered by XRP as a bridge currency!”

It is worth noting that the FedNow system is an instant payment system that will allow individuals and businesses to carry out instant payments within the US. While FedNow uses the ISO 20022 standard like RippleNet, it is not based on the blockchain. Instead, FedNow will work with 3rd party companies and banks.

The main link between Ripple and the FedNow system remains that in February, Ripple client Volante Technologies, a cloud-based payment company, was added to the FedNow payments pilot program.

While Ripple is a company that specializes in payments and central bank digital currencies (CBDCs), its focus lies in cross-border settlements, which utilize its On-Demand Liquidity (ODL) to use XRP as a bridge between two currencies. Most recently, Ripple entered into a partnership with Coins.ph and OK Remit to facilitate cross-border payments between Japan and the Philippines.

Notably, Ripple remains in a legal battle with the US SEC.

OKSE Adds Support For Shiba Inu, Enabling Millions Of Merchants in 170 Countries To Accept Shib As Payment

Zabi
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OKSE Adds Support For Shiba Inu, Enabling Millions Of Merchants in 170 Countries To Accept Shib As Payment

Over 1.21M Shiba Inu Holders Can Now Pay With SHIB Using OKSE Visa Card In 170 Countries.



OKSE Crypto Visa Card recently announced that it listed the most popular canine-themed cryptocurrency, Shiba Inu, on its platform. Card users from more than 170 countries can now be able to use SHIB as a form of payment in over 60 million businesses, including online stores and E-Commerce.

OKSE Crypto Visa Card is recognized as one of the easiest and quickest ways to spend crypto worldwide. Over 60 million visa merchants accept it in more than 170 countries. OKSE Crypto Visa Card charges no hidden fees upon any transaction and as well provides its user with the facility to track every transaction on-chain using its app. The OKSE Card App is available to download on both Apple Store and Google Play Store.

OKSE has 257K Twitter followers, which also include Binance CZ.

As reported by The Crypto Basic on August 5th, Binance Card added support for Shiba Inu, allowing over 60 million merchants to accept SHIB as payment.

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