Omicron crypto explodes by 900% following Covid variant naming

Omicron Covid-19 Variant

Omicron (OMIC), an unsuspectingly named cryptocurrency, skyrocketed in value by 900 percent over this final weekend of November.

The relatively unknown crypto coincidentally shares a name with the new fast-spreading variant of Covid-19 that was discovered in South Africa.

The B.1.1.529 strain was named after the fifteenth letter of the Greek alphabet by the World Health Organisation (WHO) on Friday 26.

Whilst leading currencies such as Bitcoin and Ethereum...

Cardano Summit 2021 sees DeFi, NFT and climate partnerships

A protester holding a sign that reads 'Earth is more valuable than money'.

The Cardano Summit 2021 on September 26 has led to a number of strategic partnerships designed to drive adoption of the Cardano blockchain being announced.

Held by the non-profit custodian of the blockchain, the Cardano Foundation, the Summit was co-located across a mixture of virtual and physical events in New York, Miami, Wyoming, London, Berlin and Cape Town.

At the event, Frederik Gregaard, CEO of the Cardano Foundation, said: "At Cardano, our goal is to provide...

Avalanche rakes in £167m of funding led by Polychain

Avalanche

Avalanche, a proof-of-stake and smart-contract enabled cryptocurrency, has received £167 million in funding through a private sale led by Polychain and Three Arrows Capital.

R/Crypto Fund, Dragonfly and CMS Holdings also invested substantially by buying up the company’s native AVAX token.

Avalanche is an ultra-fast and eco-friendly blockchain protocol with a growing ecosystem of decentralised finance (DeFi) products.

Avalanche has experienced monumental...

HIVE Blockchain warns of fraudulent impersonator websites

Crypto miner HIVE Blockchain Technologies has issued a warning against multiple imposter groups pretending to be HIVE to “defraud individuals”.

According to a post on its website, some people have already been targeted and affected by these groups, having lost money to supposed investments.

“Some of these impersonator groups appear to promise large returns on investment and are not legitimate. Other impostors are promoting investment through an app. We are not...

DigitalBits signs £73m deal with Inter Milan FC

Inter Milan DigitalBits Partnership

DigitalBits has signed a €85 million (£73m) multi-year partnership with Italian Serie A’s reigning champions Inter Milan FC.

The partnership marks the second Italian top-flight team to sign a major deal with the cryptocurrency company in recent months, with AS Roma FC agreeing to a €36m deal in July.

As part of this partnership, DigitalBits becomes the ‘Official Global Cryptocurrency’ and Zytara Labs becomes the ‘Official Global Digital Banking Partner’...

Cardano’s ADA token becomes third largest cryptocurrency

Cardano ADA Token

ADA, Cardano’s native token, has surpassed stablecoin Tether to become the third largest cryptocurrency based on market cap.

According to cryptocurrency tracker CoinGecko, the ADA token now has a market cap of $64.9 billion (£47.2bn) compared to recently overtaken Tether which sits just shy at $64.6 bn (£46.9bn).

Perhaps more notably, the Cardano coin has a seven day growth rate of 20.8%, putting it leaps and bounds ahead of Tether’s 0.7% growth or top dog...

Chainalysis support extended to six DeFi-focused tokens

Analysis Software

Blockchain analysis firm Chainalysis, which was recently valued at £3.6 billion, has added advanced investigation and compliance support for six widely-used ERC-20 tokens.

Of these tokens, five belong specifically to decentralised finance (DeFi) protocols, while the remaining ‘renBTC’ is designed to allow for the permissionless transfer of Bitcoin to and from Ethereum for use in DeFi applications.

Collectively during Q2 2021, the six tokens had a combined trading...

AS Roma F.C. signs £30m shirt deal with blockchain fintech Zytara Labs

AS Roma Parnership Deal

Italian football club AS Roma (ASR) has signed a three-year partnership worth €36 million (£30m) with blockchain fintech specialist Zytara Labs.

As part of the deal, the DigitalBits Foundation, which is supporting the partnership, will have its DigitalBits blockchain branding displayed front and centre on the Series A team’s jerseys.

Together, the Italian top-flight team and Zytara Labs will use the DigitalBits blockchain to create digital player cards and...

Cardano cryptocurrency ADA sees successful launch on Coinbase

Cardano Logo

Cardano’s native cryptocurrency, ADA, has seen a successful initial launch on Coinbase, the largest digital currency exchange platform in the US.

It was initially announced that inbound transfers of ADA to Coinbase wallets would begin for Coinbase Pro users on March 16, with trading planned for March 18 so long as liquidity conditions were met.

Coinbase followed this up with a second announcement on March 19 that ADA was now available on their exchange for all Coinbase...

PayPal opens up to Bitcoin, Ethereum and Litecoin – but with minimal functionality for now

PayPal Office, Dublin

PayPal has launched a new service enabling its customers to buy, hold and sell cryptocurrency direct from their PayPal account.

The company cited the Covid-19 pandemic as driving migration towards digital payments, as well as the increased interest in digital currencies from central banks and consumers, as behind the move.

Cryptocurrencies on the initial list include Bitcoin, Ethereum, Bitcoin Cash and Litecoin, with plans to expand to Venmo and 'select international...