Institutional investors purchased $25 million worth of Avalanche (AVAX) last week

Institutional investors purchased $25 million worth of Avalanche (AVAX) last week

Despite increased political tensions surrounding the Russia-Ukraine crisis, crypto investment products recorded its fifth consecutive week of inflows, according to the latest report by institutional crypto fund manager CoinShares. The report, which analyzes weekly flows into digital asset funds, revealed Avalanche as the second biggest performer in the week ending…

The first regulator in the MENA region greenlights Binance, as the crypto exchange registers in Canada

The first regulator in the MENA region greenlights Binance, as the crypto exchange registers in Canada

Binance recently announced receiving in-principle approval to establish itself as a crypto service provider in the Kingdom of Bahrain.  The in-principle approval comes after the world’s leading crypto exchange by daily trading volume applied for a license from the Central Bank of Bahrain (CBB). Binance’s commitment to the Middle East…

Decentralized music streaming protocol Audius brings the first radio tower to DeFi Land

Decentralized music streaming protocol Audius brings the first radio tower to DeFi Land

Audius, a blockchain-powered, decentralized music streaming service, has recently announced integration with DeFi Land, a multi-chain agriculture simulation web-game. The partnership will allow users to stream any of the millions of tracks in the Audius library while playing. Audius, which has its own crypto token, AUDIO, is owned and run…

Coinbase hit by securities class action following $86 bn NASDAQ listing

Coinbase hit by securities class action following $86 bn NASDAQ listing

Coinbase Inc., together with certain Coinbase directors and officers as well as venture capital firms that benefited from the company’s April 2021 direct offering, faces a securities class action lawsuit. Going public through the offering, Coinbase made 114,850,769 shares of its class A common stock available to the general public…

The people of El Salvador are protesting against Bitcoin bill

The people of El Salvador are protesting against Bitcoin bill

President Nayib Bukele’s bill that granted Bitcoin (BTC) a legal tender status in El Salvador is yet to be enforced in September but after the country’s distrust of the new legislation became apparent through opinion surveys, Salvadorans started voicing their disapproval in the streets.  Bukele effectively pushed the law through…

How SushiSwaps “next Generation AMM” helps users to tailor their own liquidity pools

How SushiSwap’s “next Generation AMM” helps users to tailor their own liquidity pools

The SushiSwap developer team announced that it has built the next-generation automated market maker (AMM) for its decentralized exchange (DEX) platform that runs on the Ethereum (ETH) blockchain. Dubbed Trident, the new AMM protocol design, which will function as a base layer for the DEX is set to maximize capital…

Dogecoin (DOGE) trading volumes hit billions of dollars in 2021

Dogecoin (DOGE) trading volumes hit billions of dollars in 2021

Data compiled by Coinbase shows that Dogecoin (DOGE) trading volumes surged 1,250% in the second quarter of 2021, as reported by Business Insider. During this period, the American cryptocurrency exchange platform recorded an average of $995 million in Dogecoin trading daily.  Almost $1 billion worth of Dogecoin changing hands daily…

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