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Wrapped Bitcoin Project Sees 18% Redemption of Circulating Supply in 54 Days

20.1.2023
Statistics show over the course of 54 days, the number of wrapped bitcoin (WBTC) hosted on the Ethereum network has decreased by 40,156. This equates to a more than 18% redemption of the circulating supply of WBTC since Nov. 27, 2022. WBTC Remains Largest Operation in Terms of Bitcoin Custody...

Tech Veteran-Backed Web3 Social Platform Plai Labs Raises $32M in Seed Round

19.1.2023
The company, founded by former executives of gaming company Jam City and social platform Myspace, aims to combine Web3 and AI to create a unique digital social experience

Iran and Russia Consider Issuing Gold-Backed Stablecoin, Officials Unveil

18.1.2023
Tehran and Moscow are discussing the possible launch of a stablecoin for international settlements, the Russian press revealed. In order to mint the gold-backed currency, however, authorities would need to first regulate crypto assets, a lawmaker noted. Russian, Iranian Representatives Talk Using...

Fidelity-Backed Exchange OSL Cuts Workers Amid Ongoing Crypto Winter: Bloomberg

17.1.2023
The number of layoffs at the Hong Kong crypto exchange was not specified

Iran and Russia want to issue new stablecoin backed by gold

16.1.2023
The potential stablecoin aims to enable cross-border transactions instead of fiat currencies like U.S. dollar, the Russian ruble or the Iranian rial

Today in Crypto: Digital Assets Subcommittee in the US, Iran's and Russia's Gold-Backed Stablecoin, UK Sentences Four to 15 Years in Prison

16.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: Digital Assets Subcommittee in the US, Iran's and Russia's Gold-Backed Stablecoin, UK Sentences Four to...

Miss El Salvador Features Bitcoin in Miss Universe 2023

13.1.2023
The Miss Universe contestant from El Salvador this year has surprised viewers by featuring bitcoin as part of her national costume. El Salvador has adopted the cryptocurrency as legal tender and has passed a new regulatory framework for the issuance of its long-awaited bitcoin-backed Volcano bonds....

El Salvador passes landmark crypto bill, paving way for Bitcoin-backed bonds

12.1.2023
The “Digital Asset Issuance” legislation will also create a regulatory body, and establish a legal framework for all digital assets

Bank of Russia Outlines Payment Models With Digital Ruble, Other CBDCs

11.1.2023
The Central Bank of Russia has detailed two methods for implementing the digital ruble and other state-backed coins in international settlements. The monetary authority also plans to start testing consumer-to-business (C2B) operations in the first quarter of the year. Russia’s Central Bank...

Binance pushes back against report stablecoin isn’t fully backed

10.1.2023
The crypto exchange said there was a "timing mismatch in backing Binance-Peg BUSD with BUSD" seemingly showing data in which the stablecoin was not fully backed at times

Sandeep Nailwal-backed Web3 accelerator launches demo day for first cohort

10.1.2023
The Web3 developer program received interest from over 1,000 projects but only 15 were selected for Cohort 0

A Binance Stablecoin Wasn't Always Fully Backed: Bloomberg

10.1.2023
The company acknowledged to Bloomberg that the process of maintaining the peg “has not always been flawless,” but said the problem has now been fixed

Audi-Backed Startup Holoride is Bringing VR to the Car

7.1.2023
Will the “Motorverse” change the face of backseat entertainment?

What is USD Coin (USDC), fiat-backed stablecoin explained

30.12.2022
USDC is a U.S. dollar-backed stablecoin issued by Circle and Coinbase to combat the price swings of the highly volatile cryptocurrency market

Today in Crypto: MicroStrategy Exploring Bitcoin Lightning Network-powered Solutions, China to Launch a State-backed NFT Marketplace, Fiji Elects Pro-BTC Prime Minister

29.12.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: MicroStrategy Exploring Bitcoin Lightning Network-powered Solutions, China to Launch a State-backed...

Gold-Based Digital Assets Issued in Russia

29.12.2022
A blockchain platform built by Russia’s largest banking institution, Sber, has been used to issue digital assets based on gold. The value of the tokenized precious metal will depend on the prices of physical gold, the bank said, emphasizing that the operation is a first. Russia’s Sber Bank Mints...