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KyberSwap loses $46 million to a hack attack
23.11.2023
KyberSwap has asked its customers to withdraw their funds as soon as possible. The post published on X, formerly Twitter, has clearly laid that out by calling it a precautionary measure. KyberSwap is conducting the investigation, and it could take a while to resolve it. As a matter of fact,...
Tokenized US Treasuries on Injective: Ondo Finance Introduces USD Yield
22.11.2023
Ondo Finance has made tokenized US Treasuries available to Injective users in the form of the USD Yield token (USDY). USDY is now accessible to eligible users. In the context of Web3 finance-based applications, Injective is a blockchain that operates at an exceptionally high rate of acceleration. ...
Taiwanese trading firm Kronos Research hacked; netted $25 million
20.11.2023
Kronos Research, a Taipei-based trading, market-making, and venture capital organization, has been exposed to cyber theft. The hackers apparently illegally obtained its API keys. However, they did come out with the statement that it was a small segment of their total equity. ZachXBT,...
Bitcoin Price Prediction as BTC Dips 2.7% to $36,000 Level – Here are Key Levels to Watch Now
17.11.2023
In the ever-fluctuating world of cryptocurrencies, Bitcoin (BTC/USD) has recently witnessed a notable dip of 2.7%, bringing it down to the pivotal $36,000 level. This movement marks a crucial juncture for investors and traders alike, who are now keenly observing the market for potential shifts...
Stablecoin Issuer Paxos Receives Preliminary Nod from Singapore Regulator
16.11.2023
Source: Paxos Blockchain infrastructure firm Paxos has obtained a preliminary license from the Monetary Authority of Singapore (MAS) for its new entity. With the in-principal approval, Paxos Digital Singapore, the new entity, will offer digital payment token services to Singaporeans. Further, Paxos...
Paxos to issue USD stablecoin in Singapore, wins initial approval
16.11.2023
The USD-backed token will comply with Singapore’s upcoming stablecoin laws and be issued through a new local Paxos entity that’s received initial approval
Stablecoins See Positive Supply Growth For First Time in More Than a Year: Glassnode Data
15.11.2023
Source: Unsplash Money is flowing into the crypto market through stablecoins, marking the first positive supply growth in over a year. According to blockchain analytics firm Glassnode, the 90-day net change in the supply of the top four stablecoins, Tether ( USDT), USD Coin ( USDC), Binance...
Economist Peter Schiff: Complete Separation of US-China Economies Would Be ‘a Disaster for America’
12.11.2023
Economist Peter Schiff has warned that a complete separation of the Chinese and U.S. economies would be “a disaster for America, but a boon for China.” He explained: “Americans would be stuck with fewer goods and higher prices, while the Chinese would be rewarded with more goods and lower...
Solana Price Prediction as SOL Blasts Through Resistance at $47.50 – $100 SOL Incoming?
11.11.2023
Solana (SOL) Chart / Source: TradingView The price of Solana (SOL), the cryptocurrency that powers the high-performance, smart-contract-enabled Solana layer 1 blockchain protocol, continues to melt higher on Saturday, taking its rally since the start of the week 44% as the price tests $60. SOL/USD...
Circle Revamps Stablecoins USDC, EURC With Upgrade Focused on Gas and Security
10.11.2023
Circle has announced a new v2.2 upgrade for its usd coin and euro coin digital stablecoins. The changes aim to significantly reduce gas costs, enable new use cases, and bolster security. Circle Unveils 2.2 Upgrade for Stablecoin Suite Circle unveiled the latest upgrade in a blog post on Thursday...
GAMEE brings Arc8 GameFest with a prize pool of $120,000
9.11.2023
GAMEE, a subsidiary of Animoca Brands, has announced that it is bringing Arc8 GameFest to the community of players. Defined as its largest gaming event, Arc8 GameFest will begin on November 16, 2023, and end on November 30, 2023. The mobile game event will eventually give away a portion of $120,000...
Crypto.com allows USD transfers to retail traders
8.11.2023
Crypto.com has announced that its retail traders can now access the facility of USD transfers. The exchange platform has committed to offering a seamless process to customers with zero transfer fees. However, it is subject to the end of the promotional period and the application of processing fees...
USDC Stablecoin Issuer Circle Contemplates Potential IPO for 2024
8.11.2023
Source: Circle Internet Circle Internet, the issuer of USD Coin stablecoin, is eyeing a potential initial public offering (IPO) in early 2024, according to Bloomberg. The company is currently in discussions with advisors to weigh the feasibility and timing of such a move to the public markets,...
Stablecoin issuer Circle weighing up 2024 public launch: Report
8.11.2023
Circle initially agreed to go public as part of a $4.5 billion merger in July 2021 but that deal fizzled out
eTukTuk raised over $180k milestone – Just a few hours to go at the current price!
7.11.2023
eTukTuk emerges in the center of a transport revolution and outruns the $180k funding mark quickly. This innovative adventure is more than simply revolutionizing city transport. It also focuses on a greener and cleaner tomorrow, as seen through its eco-friendly and budget-friendly electric cars....
ZEN USD (ZUSD) stablecoin launches on Horizen EON Network
7.11.2023
Stably recently announced the launch of its ZEN USD stablecoin on the Horizen EON network. The integration will allow ZUSD to access massive scalability. Stably, an up-and-coming provider of financial technology is committed to fueling the growth of the Web3 community. That is why it...
Bitcoin & Ethereum soar after appreciating against USD & Gold
6.11.2023
Glassnode recently revealed data regarding Bitcoin and Ethereum. It solidified what investors have already witnessed for the past several months. Both Bitcoin and Ethereum have expanded their dominance across the financial market. The cryptocurrencies have secured massive appreciation against gold...
Crypto investors bet on Ripple winning, driving XRP to $0.70
6.11.2023
The SEC vs. Ripple case is still impacting the market performance of XRP. Recently, a positive outlook surrounding Ripple helped XRP rally 7.41%. The crypto closed the week at an 18.9% hike, reaching 0.6611 dollars. The optimism is fueling traders to invest in XRP despite no official updates being...
Amino Rewards locks assets worth $34 million in FlokiFi Locker
6.11.2023
Amino Rewards has locked $34 million worth of assets in FlokiFi Locker. This can be categorized into treasury tokens, ecosystem rewards, marketing tokens, and liquidity pools. Allocation in every segment is 20% of supply, 20% of supply, 5% of supply, and $900k, respectively. This extends...
Top Crypto Gainers Today on Uniswap – SNAPCAT, PEPETA
4.11.2023
Bitcoin (BTC) is consolidating in the mid-$34,000s, as market participants digest Friday’s weaker-than-expected US jobs report, which caused a dump in US government bond yields and the US Dollar Index (DXY), and a pump in US stock prices. Weaker yields/USD and stronger stock prices tend...