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Crypto Biz: Coinbase-Circle re-alignment, Binance fiat hurdles, and USDC at Shopify
25.8.2023
This week's Crypto Biz explores the latest on Binance's global on-ramps and off-ramps, Coinbase-Circle re-alignment, Shopify's take on USDC and China's blockchain data exchange
PayPal's PYUSD struggles with early adoption — Nansen
25.8.2023
PayPal's stablecoin debut raised hopes for broader adoption and an introduction of cryptocurrencies to the masses. Early adoption trends paint a different picture
Prime Trust parent company lost $8M investing in TerraUSD
24.8.2023
Prime Core Technologies said that “under prior management” it had lost $6 million in user funds and $2 million in treasury funds through investments in the algorithmic stablecoin
Binance.US Launches Enhanced USD On-Ramps: Buy & Sell Crypto Using USDT
24.8.2023
Binance.US, now a crypto-only platform for two months, has partnered with crypto payments company MoonPay to allow users to buy and sell crypto using the US dollar-pegged stablecoin Tether (USDT).
On August 22, the crypto exchange declared USDT the new "base asset" for all transactions. This...
Shopify to accept USDC payments with Solana: Report
23.8.2023
Solana Pay has reportedly been added to Shopify's payment solutions, giving millions of merchants access to cryptocurrencies
Today in Crypto: Bitcoin Mining Difficulty Hits ATH, Unstoppable Domains Launches Unstoppable Messaging Based on Web3 Domains, Binance.US Partners with MoonPay for USD-to-Crypto Conversion, US FBI Identifies 6 Lazarus-Linked Bitcoin Wallets
23.8.2023
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: Bitcoin Mining Difficulty Hits ATH, Unstoppable Domains Launches Unstoppable Messaging Based on Web3...
Maple secures $5 million in its recent funding round
23.8.2023
Maple has announced that it has secured $5 million in the recent funding round that was led by Blocktower Capital and Tioga Capital. It has now paved the way for Maple to utilize this fund for realizing its roadmap that leads to the achievement of long-term and short-term goals. Maple aims to...
Chinese Yuan Not Serious Threat to US Dollar Hegemony, Says Economist
23.8.2023
An economist has dismissed the Chinese yuan as a significant threat to the U.S. dollar’s dominance. “The Chinese renminbi, which accounts for less than 3% of global reserves, is not a serious threat to dollar hegemony,” he asserted, adding that “many commentators have...
Binance.US taps MoonPay as banking alternative to regain USD ramps
23.8.2023
After having its banking ties slashed, crypto exchange Binance.US has revived its U.S. dollar on-ramp through a new partnership with MoonPay
Coinbase Crypto Exchange Buys Stake in USDC Stablecoin-Issuer Circle – Here's What You Need to Know
22.8.2023
According to Circle's blog post released on August 21, Cryptocurrency exchange Coinbase has bought a minority stake in Circle Internet Financial while dissolving their Centre Consortium partnership that had issued USD Coin (USDC), the world's second-largest stablecoin....
Read More: Coinbase Crypto...
Coinbase takes equity stake in Circle as USDC Centre Consortium shuts down
21.8.2023
Circle will take on full operational and governance responsibility after five years, thanks to increased regulatory clarity
NFT platform Recur shuts, despite $50M raise & Big Backers
21.8.2023
On Friday, Recur, a startup in the Non-Fungible Token (NFT) space, announced that it would be discontinuing its Web3 platform due to the difficulties of crypto winter. Despite having big names like Hello Kitty and Nickelodeon using its services, Recur’s platform will gradually lose certain...
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....