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Circle launches USDC stablecoin on Polkadot Asset Hub
19.9.2023
Polkadot USDC users should not deposit XCM-transferred USDC from non-Polkadot Asset Hub parachains, Circle has warned
When will BitTorrent crypto hit $10? Experts spill the beans!
15.9.2023
The crypto market has been on a rollercoaster for a couple of years. Now that the domain is gaining stability, traders are turning their eyes to assets that can quickly produce massive profits. BitTorrent or BTT is one such crypto that can help traders cover their losses quickly. Since its launch...
Binance.US not cooperating with investigation, US SEC says in filing
15.9.2023
SEC said in a court filing that Binance.US has produced only 220 documents during the discovery process many of which were “unintelligible screenshots and documents without dates or signatures.”
XRP Price Prediction as USD Coin Overtakes XRP in Market Capitalization – What Happens Next?
14.9.2023
The total market cap of USD Coin (USDC), the world’s second-largest US dollar-pegged stablecoin by market capitalization which is issued by US fintech firm Circle, overtook XRP (XRP) in market cap on Thursday.
XRP is the cryptocurrency that powers the XRP Ledger, a decentralized layer-1 blockchain...
Economist Peter Schiff Warns of ‘Massive Crisis’ and a Rush to Exit US Dollar
14.9.2023
Economist Peter Schiff has warned of “a rush” to get out of the U.S. dollar. “There’s going to be a massive crisis,” he predicted, adding that “it’s going to send the economy into a tailspin and people are going to feel the economic pain.” Peter Schiff’s...
Bitcoin might soon touch the $22k mark; what does it mean for altcoins?
13.9.2023
The bustling world of cryptocurrency has recently been stirred with predictions, and the repercussions are being felt across the board. As Bitcoin, the best cryptocurrency and the main driver of market sentiment, takes another potential dip, what does this mean for top altcoins and emerging players...
PayPal PYUSD stablecoin is 100% backed: Paxos transparency report
13.9.2023
The total assets held in PayPal USD custody “meet or exceed the token balance,” with total tokens outstanding amounting to $44.4 million as of Aug. 31, Paxos report states
New stake-to-earn token Bitcoin BSC hits $1.3M milestone: Can it replicate Bitcoin’s bull run?
12.9.2023
An exciting new token, Bitcoin BSC ($BTCBSC), has emerged as one of the hottest stake-to-earn projects in the cryptocurrency space after raising $1.3 million in under a week. The project is generating overwhelming hype as it continues to raise funds during one of Bitcoin’s most turbulent...
GamePhilos Studio raises $8 million in a seed funding round
12.9.2023
GamePhilos Studio has raised $8 million in a seed funding round. It was led by Animoca and Xterio. The seed funding round saw the participation of companies and capitalists like Chain Hill Capital, SevenX Ventures, Sanctor Capital, and many more. GamePhilos Studio will now use the funds to develop...
PayPal Enhances Crypto Offering with USD Conversion Service
12.9.2023
Payments giant PayPal is expanding its cryptocurrency offerings with the introduction of a USD conversion service.
The new "off ramp" service enables users to seamlessly convert their digital currencies into US dollars, the company said in a recent press release.
With this service, crypto wallet...
Animoca Brands secures $20 million for Mocaverse project
11.9.2023
Animoca Brands has successfully raised $20 million by issuing new shares at a price of A$4.50 per share. The investors were offered a free connecting utility token warrant on a dollar-for-dollar basis as part of the deal. The funding will be used to accelerate Mocaverse. Aleksander Larsen,...
What Are Stablecoins? A Simple Explanation of the Digital Asset Bridging Crypto and Fiat
10.9.2023
Stablecoins occupy a unique space within the realm of finance, straddling the worlds of traditional and cryptocurrency finance. These digital assets aim to achieve price stability by tethering their market value to external references such as fiat money. Stablecoins blend the characteristics...
Fed Official: Digital Dollar Decision Still a Long Way Off
10.9.2023
The Federal Reserve’s vice chair for supervision has affirmed that the U.S. central bank is “a long way” from making a decision on whether to issue a central bank digital currency (CBDC). The Fed official also voiced concerns regarding USD stablecoins, emphasizing that they...
New low market cap crypto Bitcoin BSC (BTCBSC) begins presale, raises $100,000 in 48 hours
7.9.2023
The presale event for a new low market cap cryptocurrency – Bitcoin BSC (BTCBSC) – has raised over $100,000 since it launched on Monday, 5 September. Inspired by the early days of Bitcoin, when the world’s most famous cryptocurrency could be bought for less than a dollar each,...
Coinbase and Framework Ventures invest $5 million in Socket!
7.9.2023
The prominent digital currency trading platform Coinbase, which also has a division for venture capital, is collaborating with the reputable blockchain company Socket. The primary objective of this partnership is to enhance the cross-chain capabilities of Coinbase’s flagship products, Base...
Palau to freeze USD-backed stablecoin after pilot launch in July
7.9.2023
Palau's USD-backed stablecoin build on XRP Ledger will be frozen on Sept. 15 as the government will be collecting feedback from users to shape the way ahead
Peter Schiff Says US Can’t Afford to Decouple From China — Warns of Dollar Collapse
7.9.2023
Economist Peter Schiff has warned that the U.S. cannot afford to decouple from China. “Our entire standard of living rests on the support of China,” he stressed, adding that “If we lose that support, it’s going to collapse.” He also predicted the collapse of the U.S. dollar as the USD loses...
Stake restarts operations after $41M hot wallet exploit
6.9.2023
Stake recently announced resuming its crypto gambling operations. The Australian-Curacaoan platform lost 41 million dollars in an exploit a month ago. According to Stake, user funds were not affected during the exploit. Any user who lost funds while transacting during the attack will...
USD Coin officially expands to Base and Optimism networks
5.9.2023
Circle’s USDC is now available natively on Base and Optimism, and Coinbase accounts can transfer the stablecoin to Base for the first time
Stake experiences a security compromise worth $41 million
5.9.2023
Stake has reportedly experienced a major hack for its hot wallets. This has caused the platform a loss of approximately $41 million. The malicious actor is said to have executed multiple transactions, thereby creating suspicion around the outflow of cryptocurrencies. This development was first...