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Worldcoin’s Turbulent Debut: Down 53% From Peak With 85% WLD Held in Just 6 Wallets
19.8.2023
In just over 25 days since its listing debut on July 24, 2023, the cryptocurrency known as worldcoin (WLD) has experienced a notable decline of 29% when measured against the U.S. dollar. Notably, within the last week alone, it saw a decrease of more than 11%. Interestingly, within the past...
Top 10 Stablecoins Witness Massive Supply Reductions, Yet Dominate 61% of Global Trade Volume
18.8.2023
For the first time in months, the entire list of top ten stablecoin assets has experienced supply shrinkage in the last 30 days. The stablecoin market now stands at $124 billion, following notable reductions across several projects. Yet, stablecoins still dominate in terms of global trade volume...
Linera raises $6 million in funding for Microchains
17.8.2023
Mathieu Baudet from Linera has announced that the team has been successful in raising additional funds worth $6 million. This brings the total to $12 million in funds raised for Microchains. Mathieu hails from the venture as its Founder and Chief Executive Officer. The funding round was led...
ZetaChain secures $27M for Interconnected Layer-1 Blockchain
17.8.2023
ZetaChain has announced a significant funding round in which it has raised $27 million to advance its groundbreaking mission of creating the first public Layer 1 (L1) blockchain in the world that is compatible with EVM and seamlessly connects every aspect of the digital landscape. Prominent...
Bank of America Assesses Significance of Paypal’s USD Stablecoin and Fednow System
16.8.2023
Bank of America has provided its analysis of Paypal’s U.S. dollar stablecoin and the Fednow payments system. The bank does not expect the widespread adoption of PYUSD to occur in the near future, noting that the introduction of Paypal’s stablecoin will not lead to “accelerated...
What is PayPal USD, and how does it work?
14.8.2023
PayPal has launched its own stablecoin, dubbed PayPal USD (PYUSD). The coin is only available to American customers
USD+ Token Just Shot Up 1,000% But Crypto Whales are Accumulating This Other Token Before it Lists on Exchanges
14.8.2023
In a major move sending shockwaves through DEX markets, leading ZKSYNC DEX stablecoin USD+ has destabilized creating seismic price moves.
This comes amid a significant period for stablecoins, which are becoming increasingly mainstreamed by the emergence of government-issued CBDCs.
Following...
New AI token yPredict hits $3.4M presale milestone – Here’s why traders are bullish on it!
14.8.2023
The crypto token yPredict has reached a significant milestone, raising $3.4 million in its presale. yPredict is an AI-powered token aiming to disrupt the predictions market. The successful presale has generated hype among traders who see significant potential in yPredict’s technology....
Documents reveal $500k in Ethereum for Donald Trump
14.8.2023
Donald Trump is likely to run for the post of US President in the upcoming election for the White House. Elections are set to happen in 2024, exactly the next year and 4 years after Donald Trump lost his seat to Joe Biden. There are many political aspects to the 2024 elections, but the one …
CVP NoLimit Fund I bags $50 million in funds
14.8.2023
CVP NoLimit Fund I has reportedly bagged a fund worth $50 million from its investors. This is the fund round, with more to follow in the days to come. CVP NoLimit Fund is a joint venture between ClearVue Partners and NoLimit Holdings. Funds raised from the first round will be directed...
Zunami Protocol confirms losing $2.1m after price manipulation
14.8.2023
Zunami Protocol recently confirmed a price manipulation attack costing the platform over 2.1 million dollars. The DeFi protocol stated that its LP (liquidity pool) on Curve Finance was attacked this weekend. Ironblocks and PeckShield, two blockchain security firms, were the first to report...
InQubeta thrives in presale amid Bitcoin’s sub-$30k performance, wooing institutional interest
13.8.2023
While Bitcoin (BTC) prices have failed to hold above the $30k mark multiple times this year, InQubeta (QUBE) has raised over $2.1 million in token sales despite how bearish cryptocurrency markets have been. Even institutional investors are starting to monitor the project’s market-defying...
CEO of Binance lambasts Tether, DigiToads poised to shatter $7M presale barrier
12.8.2023
In a recent “ask me anything” session, Changpeng “CZ” Zhao, CEO of Binance— the world’s leading cryptocurrency exchange—expressed his apprehensions about the viability of centralized and algorithmic stablecoins, particularly highlighting the opacity surrounding Tether...
Matter Labs CEO dismisses Polygon’s allegations, InQubeta presale breaks through $2M
11.8.2023
The majority of the crypto landscape is open-source, shaping innovative projects’ development and trajectory. Nevertheless, issues regarding attribution are often raised. In recent developments, headlines have been dominated by an exchange between Alex Gluchowski, the CEO of Matter Labs,...
PayPal’s Stablecoin Unlikely to See Significant Adoption in the Near Term: Bank of America
11.8.2023
Investors are likely indifferent to which stablecoins they hold as long as they are perceived as safe and accessible on the largest trading platforms, the report said
PayPal USD Fans Token is the Latest Crypto to Blast Up 20,000% Overnight and Crypto Experts Say This Lesser Known Crypto is Next
11.8.2023
In a slapstick shot at PayPal's recent announcement of a new stablecoin, PYUSDF has become the latest DEX launched meme token to undertake a sensational overnight rally.
The spin-off coin is a tongue-in-cheek take on PayPal's new stablecoin offering, which sent waves through markets, initially...
Binance Labs announces granting $10M to Helio Protocol
11.8.2023
Binance has announced that its investment arm, Binance Labs, is granting funds worth $10 million to Helio Protocol. The objective is to support the innovation in the direction of enhancing the DeFi experience. For Binance Labs, the investment reflects its dedication to supporting projects that...
Circle preps $1B war chest to deal with market threats from PayPal and others
10.8.2023
Circle’s USDC stablecoin has dropped from $45 billion in circulation at the start of 2023 to just $26 billion as the summer winds down
Binance drops majority of USD Coin reserves — Latest USDC news
9.8.2023
This week’s episode of The Market Report explores the reasons why Binance let go of a majority of its USDC reserves and what it replaced them with
Circle Stablecoin CEO Unveils International Dominance: 70% of USDC Adoption Outside US
9.8.2023
In an August 8th tweet, Jeremy Allaire, the CEO of Circle, mentioned that approximately 70% of USD Coin (USDC) adoption originates from countries beyond the United States.
Contrary to the perception of being centered in the US, he noted that much of the adoption of USDC comes from international...