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Ancient Wallet with 407 BTC Awakens, Wirex Adds SHIB, Binance Now Has Its Own Payment Provider: Crypto News Digest by U.Today

Tue, 03/08/2022 - 16:20
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Valeria Blokhina
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Ancient Wallet with 407 BTC Awakens, Wirex Adds SHIB, Binance Now Has Its Own Payment Provider: Crypto News Digest by U.Today
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U.Today has prepared a summary of the top four news stories over the past day.

Ancient Bitcoin wallet holding 407 BTC comes to life

Whale Alert reports that a dormant wallet with 407 BTC last seen active back in 2013 has come to life. The owner of the wallet initially invested $355,254, which has now turned into an astonishing $15.5 million, gaining 4,266% in value. The reason this Bitcoin wallet came out of dormancy is that either its owner has finally managed to unlock it or he/she had a high level of conviction.

Ancient Ethereum Whale Awakens

Shiba Inu now available for 4.5 million users via Wirex

A worldwide digital payment platform, Wirex, has added support for Shiba Inu (SHIB) and five other tokens: Terra (LUNA), Cosmos (ATOM), Bitcoin Cash (BCH), Orchid Protocol (OXT) and Enjin Coin (ENJ). From now on, the platform’s 4.5 million users will be able to receive, send, store and exchange the newly added tokens across its app, wallet and payment platforms.

SHIB Payments Now Accepted by Australian Energy Company Through BitPay: Details

Fantom’s TVL plummets by 21% following devs quitting

According to crypto journalist Colin Wu, DeFi Llama data shows that Fantom’s total value locked (TVL) dropped by over 21.16% after the developer of Yearn.Finance and Keep3r, Andre Cronje, and his fellow software architect, Anton Nell, decided to leave the crypto industry. Nell’s tweet about terminating about 25 apps and services on April 3 scared many of his followers, but according to Michael Kong, CEO of Fantom Foundation, Cronje and Nell are only “terminating” their involvement and handing over anything they run to the existing teams.

DeFi Tokens Tank as Devs Quit

Binance now has its own payments provider

According to the official announcement by Binance, it has launched its own payments technology company called Bifinity, which is going to act as the exchange's official fiat-to-crypto payments provider. Bifinity supports a variety of cryptocurrencies in addition to traditional payment networks like Visa and Mastercard. The company will also enable merchants to integrate the company's API in order to reach a higher level of scale. Bifinity has already secured partnerships with Eqonex and Paysafe.

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About the author

Valeria is the community manager at U.Today. She is a crypto enthusiast and believes that cryptocurrency is the future of finance. Currently, Valeria covers the latest news in the world of crypto and blockchain.