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Binance and Paxos-Backed Stablecoin BUSD’s Market Cap Climbs 22% in 2 Months
22.10.2022
In mid-August, or 68 days ago, the market capitalization of the stablecoin BUSD was approximately $17.7 billion and since then, its grown 22.88% higher to today’s $21.78 billion. BUSD’s growth comes at a time when the market valuations of the top two stablecoins tether and usd coin...
Massive Zelda Wiki Reclaims Independence Six Months Before Tears of The Kingdom
21.10.2022
Earlier this month, the wiki-hosting company Fandom scooped up several games sites, including Giant Bomb and GameSpot, in an acquisition worth $50 million. And that exorbitant price of the sale, coupled with what the website calls “questionable staffing decisions” at the company, has led the Zelda...
Genesis Chief Risk Officer Said to Be Exiting After 3 Months
20.10.2022
Michael Patchen joined the company only this past summer
German Crypto Bank Nuri Asks Clients to Withdraw Funds as It Goes Out of Business
20.10.2022
Digital asset platform Nuri has told customers to withdraw their funds in the next two months, after taking a hit from the crypto winter. Formerly known as Bitwala, the Berlin-headquartered cryptocurrency bank filed for insolvency earlier this year and failed to find a buyer. Nuri to Maintain...
BTC energy use jumps 41% in 12 months, increasing regulatory risks
19.10.2022
Despite the European Union rejecting a proposal banning crypto mining earlier this year, more regulations could soon be implemented to mitigate the environmental impacts of crypto mining
USDC’s Market Cap Sheds Close to $4 Billion in Less Than 20 Days, Binance’s BUSD Climbs 3%
17.10.2022
19 days ago, usd coin (USDC), the second largest stablecoin by market capitalization, had an overall valuation of around $48.82 billion and since then, it has continued to deflate down to today’s $44.93 billion. Statistics show that during the last three months, USDC’s market...
Close to 60,000 BTC Erased From Bitcoin Treasuries in 9 Months, 4 Entities Hold More Than 100K BTC
17.10.2022
During the last two years, a number of public and private companies, exchange-traded products (ETPs), and countries have added bitcoin to their balance sheet. However, during the last nine months of 2022, the number of bitcoin stored in these types of treasuries dropped by 57,481 bitcoin, worth...
While Its Lost 94% in Value Since the Collapse, Terra’s Fractured Ecosystem Is Still Worth $2.5 Billion
16.10.2022
It’s been five months since the Terra ecosystem collapsed as tens of billions of dollars in value disappeared from the crypto economy in a matter of days after May 7. Terra’s new Phoenix blockchain managed to restart the ecosystem to some degree and since the end of June...
UK’s Royal Mint Reveals Record Profits Amid Significant Demand for Physical Gold and Silver
14.10.2022
While the price of gold has dropped in value from the asset’s all-time high on March 8, the U.K.’s oldest precious metals (PMs) company, the Royal Mint, saw record profits over the last 12 months. In fact, the Royal Mint’s annual earnings show the firm has seen the highest profits in 12 years, with...
Bitcoin bear market will last '2-3 months max' —Interview with BTC analyst Philip Swift
14.10.2022
On-chain data is showing there is light at the end of the tunnel for Bitcoin hodlers, says LookIntoBitcoin creator, Philip Swift
This Month at Binance: Innovation Never Stops
13.10.2022
September has been one of the busiest months at Binance this year. Last month the world’s largest crypto exchange by trading volume kicked off the inaugural Binance Blockchain Week Paris, a three-day event exploring the best of Web3. They also expanded their ever-growing suite of products...
Finder’s Specialists Predict Ethereum Will Slip to $963 This Year, but End 2022 at $1,377 per Unit
12.10.2022
46% of around 55 fintech and cryptocurrency specialists believe ethereum is undervalued following The Merge, according to a recent survey published by the comparison website Finder.com. With less than three months left in 2022, Finder’s panelists predict that ethereum will drop as low...
Quik․com Releases Update for Its NFT Domains – Web3 Domains Are Now Minting
11.10.2022
The much-anticipated major update to Quik.com has now been made available to users, bringing them brand-new capabilities like the edit feature and the Quik API, along with more that are scheduled for the upcoming weeks and months. Quik.com is a P2P NFT domain marketplace offering NFT top-level...
JPMorgan CEO Jamie Dimon Warns Recession Could Hit in 6 Months, Stock Market Could Drop 20% More — ‘This Is Serious Stuff’
11.10.2022
The CEO of global investment bank JPMorgan, Jamie Dimon, has warned that the U.S. economy could tip into recession in six to nine months. “This is serious stuff,” the executive stressed, adding that the stock market could easily fall another 20%. JPMorgan CEO Jamie Dimon’s...
Value Held by Blockchain Oracles Slides 61% in 7 Months, Chainlink Dominates by 45%
10.10.2022
While the crypto economy has shed significant value, losing more than $2 trillion since the highs recorded at the end of 2021, a great deal of value was erased from smart contract platform tokens and decentralized finance (defi) protocols. One sector of the defi ecosystem that’s recorded...
Biggest mining difficulty spike in 14 months — 5 things to know in Bitcoin this week
10.10.2022
Macro forces are brewing, while Bitcoin network fundamentals defy the bears — which side will win out when it comes to BTC price action?
OpenSea CFO steps down after 11 months in the job
10.10.2022
The now-former CFO did not give a specific reason for his resignation but noted he will remain in an advisory capacity with OpenSea
30-Day NFT Sales Are 88% Lower Than They Were 8 Months Ago, Google Searches Nosedived
9.10.2022
At the end of January 2022, non-fungible token (NFT) sales raked in $4.77 billion and NFT sales have slipped month after month since then. Last month, $549.82 million in NFT sales took place in September which shows monthly NFT sales are more than 88% lower than they were in January. Furthermore...
Google to Require Government Authorization to Provide Advertising Services for Financial Products in Spain
8.10.2022
Google, the web search and software monolith, has announced that it will require authorization from government entities to lend advertising services to financial companies in Spain. This measure, which was also implemented in the U.K. back in 2021, is expected to be extended to more countries...
Bear Market May Last Another '12 to 18 Months' Says Solana Co-Founder
7.10.2022
Anatoly Yakovenko, co-founder of Solana Labs, believes that the current crypto bear market may last for another 12 to 18 months.
Speaking on the GM Podcast, the creator of the Solana blockchain attributed his expectation to the Fed rate hike influenced macroeconomic environment. He however...