Category: Crypto
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Circle Executive Says Euro Stablecoins Will Boom After MiCA Goes Live In 2 Weeks
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Patrick Hansen, a senior policy executive at Circle, an issuer of USD and EUR stablecoins, believes that euro-based stablecoins will continue to rise in the coming days. Moving on to X, Hansen male The number of transactions made using Euro stablecoins is 1.1%. Euro against the stable US dollar Source:…
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Circle Executive Says Euro Stablecoins Will Boom After MiCA Goes Live In 2 Weeks
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Patrick Hansen, a senior policy executive at Circle, an issuer of USD and EUR stablecoins, believes that euro-based stablecoins will continue to rise in the coming days. Moving on to X, Hansen male The number of transactions made using Euro stablecoins is 1.1%. Euro against the stable US dollar Source:…
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The Emerging Bitcoin Modular Ecosystem
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What is stereotyping anyway? The modularity is the result of a strange experiment conducted in Ethereum as a reaction to the blockchain’s poor scaling properties. To address this bottleneck, developers have taken the radical approach of auctioning off the core functionality of the main chain to…other blockchains. This standard shift…
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Ethereum Withdrawals From Coinbase Top $1.2 Billion, What’s Going On?
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Ethereum has seen a number of notable drawdowns indicating that cryptocurrency whales are anticipating a price rebound. These large withdrawals caused ETH balances on centralized exchanges to fall to their lowest level since 2016. 336,000 Ethereum withdrawn from exchanges Cryptocurrency analyst Ash Crypto has moved to X (formerly Twitter). reveal…
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More Central Banks Are Exploring A CBDC, BIS Survey Finds
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Credit: bankingjournal.aba.com The global finance landscape is undergoing a transformational shift, with central banks around the world actively exploring the potential of central bank digital currencies (CBDCs). A recent survey by the Bank for International Settlements (BIS) highlighted the growing momentum surrounding these digital currencies, revealing that the vast majority…
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More Central Banks Are Exploring A CBDC, BIS Survey Finds
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Credit: bankingjournal.aba.com The global finance landscape is undergoing a transformational shift, with central banks around the world actively exploring the potential of central bank digital currencies (CBDCs). A recent survey by the Bank for International Settlements (BIS) highlighted the growing momentum surrounding these digital currencies, revealing that the vast majority…
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Former Binance CEO CZ reportedly owns 64% of BNB supply
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Forbes claims that former Binance CEO Changpeng Zhao is the 24th richest person in the world due to his ownership of the BNB token. Zhao reportedly owns 64% of the circulating supply of Binance’s BNB token. At current prices, the 94 million coins that Zhao is said to control are…
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Riot Platforms Boosts Bitfarms Stake with Additional Share Acquisition
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Riot Platforms announced the purchase of an additional 1,432,063 shares of Bitfarms stock. The acquisition, which was completed on June 10 for approximately $2.7 per share, represents an investment of approximately $3.87 million. This latest move brings Riot’s total holdings to approximately 57.62 million shares, representing approximately 14% of Bitfarms.…
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Washington Watchdog Issues Fraud Alert
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Washington state regulators are investigating Ethfinance, a cryptocurrency trading platform, after a local investor reported a staggering $310,000 loss. This case raises red flags about potential cryptocurrency scams targeting unsuspecting victims via social media. Ethfinance: Error in friend request The investor, whose name was not mentioned, according to Washington Department…
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MicroStrategy Boosts Stock Sale to $700M to Buy More Bitcoin
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MicroStrategy, led by CEO Michael Saylor, has increased the size of its planned stock sale to raise additional funds to buy Bitcoin. The company is now seeking to Raised $700 millionup from the previously announced amount of $500 million. BREAKING: MicroStrategy has increased its fundraising to $700 million to buy…
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MicroStrategy Boosts Stock Sale to $700M to Buy More Bitcoin
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MicroStrategy, led by CEO Michael Saylor, has increased the size of its planned stock sale to raise additional funds to buy Bitcoin. The company is now seeking to Raised $700 millionup from the previously announced amount of $500 million. BREAKING: MicroStrategy has increased its fundraising to $700 million to buy…
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Red Alert For Polkadot (DOT): Double-Digit Drop Sparks Investor Fears
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Polkadot (DOT), the self-proclaimed “king of interoperability” and once a darling of the 2021 bull market, is It is currently trading at around $6.42, That’s a far cry from its November 2021 peak of around $60. There is still a glimmer of optimism for DOT despite the overall bearish outlook,…
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Tether CEO Declares Bitcoin As The Sole Decentralized Cryptocurrency
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Credit: Currency Sheet In the rapidly evolving world of cryptocurrencies, a profound statement has emerged from the CEO of… pregnancy, the company behind the largest stablecoin, USDT. Paolo Ardoino, in a recent interview at the BTC Prague 2024 conference, declared that Bitcoin stands alone as the only truly decentralized cryptocurrency…
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UwU Lend announces $5m bounty as hacker starts laundering stolen funds via Tornado Cash
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Decentralized lending protocol UwU Lend has revealed a $5 million reward to “identify and locate the exploiter.” Developers of UwU Lend Promising To pay up to $5 million to “the first person to identify and locate the hacker,” who exploited the protocol for more than $23 million in cryptocurrency. The…
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UwU Lend announces $5m bounty as hacker starts laundering stolen funds via Tornado Cash
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Decentralized lending protocol UwU Lend has revealed a $5 million reward to “identify and locate the exploiter.” Developers of UwU Lend Promising To pay up to $5 million to “the first person to identify and locate the hacker,” who exploited the protocol for more than $23 million in cryptocurrency. The…
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Company Lawyer Says $10 Million Fine is Appropriate
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Turkish lire; Dr Ripple asserts that the SEC’s proposed $2 billion penalty is excessive, suggesting a fine of no more than $10 million. The company’s CEO expects to reach a decision by the summer of 2024, although the complex legal process may cause delays. Ripple’s arguments The legal dispute between…
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Biden Campaign Reportedly Exploring Bitcoin and Crypto Donations
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President Biden’s reelection campaign is allegedly in talks to accept bitcoin and cryptocurrency donations, according to reports. The move comes after his rival Donald Trump opened up Bitcoin contributions to his campaign. JUST IN: ?? Joe Biden’s campaign is in talks to accept cryptocurrency donations through Coinbase Commerce, The Block…
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Biden Campaign Reportedly Exploring Bitcoin and Crypto Donations
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President Biden’s reelection campaign is allegedly in talks to accept bitcoin and cryptocurrency donations, according to reports. The move comes after his rival Donald Trump opened up Bitcoin contributions to his campaign. JUST IN: ?? Joe Biden’s campaign is in talks to accept cryptocurrency donations through Coinbase Commerce, The Block…