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Over 600 Stablecoins ‘Depeg’ in 2023, Moody’s Analytics Launches Monitoring Tool
7.11.2023
Stablecoins, the crypto assets crafted to mirror the stability of fiat currency, have encountered over 600 significant instances of price instability in 2023, as per Moody’s Analytics. A ‘depeg’ or ‘depegging’ event is characterized by a stablecoin’s value...
BRC20 Token ORDI Skyrockets Over 40% as Binance Announces Listing
7.11.2023
On Tuesday, the BRC20 token, dubbed ordinals (ORDI), soared over 40% against the U.S. dollar, fueled by news from Binance about its impending inclusion on the exchange’s roster of traded currencies. ORDI rocketed from an early 24-hour low of $7 to a peak of $11.53, settling at $10.48...
Multiple buyers consider purchase and relaunch of ‘irreparable’ FTX
7.11.2023
Rebooting a tarnished name is difficult and some firms are so utterly compromised by their failures that there is no real hope of rehabilitation
How agencies can play a role in NFT and digital collectable creation
7.11.2023
No matter their specialization, agencies have a unique power to shape the trajectory of Web3 adoption and elevate the realm of digital assets
South African Financial Giant Says It Will Inject Capital Into ZARP Stablecoin Network
7.11.2023
South Africa’s Old Mutual Wealth and financial services provider Inves Capital recently revealed plans to inject liquidity into the ZARP stablecoin network. Inves Capital’s managing director said “crypto is entering a new phase” of growth and ZARP is set to “play...
Coinbase to delist Bitcoin SV in early 2024
7.11.2023
Coinbase could delist Bitcoin SV in the early days of 2024. A tentative date for users to withdraw their funds is January 9, 2024. There is a chance that Coinbase is 100 percent sure of taking the token off the platform, considering it has done so with the Bitcoin spin-off BSV in 2021. That...
ZEN USD (ZUSD) stablecoin launches on Horizen EON Network
7.11.2023
Stably recently announced the launch of its ZEN USD stablecoin on the Horizen EON network. The integration will allow ZUSD to access massive scalability. Stably, an up-and-coming provider of financial technology is committed to fueling the growth of the Web3 community. That is why it...
Solana Price Prediction as SOL Overtakes Cardano – 10x Potential From Here?
7.11.2023
Source: TradingView The Solana price has gained by 1% in the past 24 hours, rising to $40.70 on a day when the cryptocurrency market has dipped by 0.5%. SOL is now up by an impressive 11% in a week and by an even more impressive 73% in the last 30 days, with the altcoin also […]
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Roger Ver Pursues Closing Up of Matrixport in Seychelles Lawsuit Over $8 Million Dispute
7.11.2023
Source: Pexels A legal battle has been ongoing between Roger Ver, an investor also known as ‘Bitcoin Jesus,’ and Jihan Wu, the co-founder and chairman of Matrixport subsidiary Smart Vega, in Seychelles since last year over frozen cryptocurrency funds. Ver alleged that Matrixport...
Cardano to develop its partner chain on Polkadot’s Substrate
7.11.2023
Input Output Global, also known as IOG, has shared insights about how partner chain projects are coming to Cardano through Substrate. The Polkadot SDK makes it convenient for others to use the chain as it demonstrates its potential to expand within the Web3 boundaries. IOG has described its partner...
Bitcoin whales making massive transfers: What’s in store for the future?
7.11.2023
Bitcoin whales’ activities are not new in the market. They are the operator in the crypto world who can manipulate the price for retail investors. So you have to learn more about their activities. Recently, huge transfers of 27K BTC raised concern for the potential movement. So, what...
Digital Asset Funds Record $261 Million in Inflows, Marking Gains for the Sixth Consecutive Week
7.11.2023
The cryptocurrency market continues to pull strings of outsized inflows in recent weeks as investors set sights on a spot Bitcoin (BTC) Exchange Traded Fund (ETF). According to a new CoinShares Market Flow report, the total market products recorded gains of $261 million, its sixth consecutive week...
Bitcoin Price Prediction: BTC Stabilizes Near $35,000 Amid SEC Hiring Woes & Rising Fees
7.11.2023
As the digital currency market continues to evolve, Bitcoin faces a new set of challenges and endorsements. Currently priced at $34,901, Bitcoin has seen a slight decline of 0.25% as of Tuesday. The US Securities and Exchange Commission is grappling with its own set of issues, particularly...
A closer look at Bitcoin Cash’s scalability solutions: What’s the deal?
7.11.2023
Understanding Bitcoin Cash Before delving into Bitcoin Cash’s scalability solutions, it is good to note that Bitcoin Cash differs from Bitcoin. Even though they both are cryptocurrencies, Bitcoin Cash was released in 2017, almost eight years after the release of Bitcoin. Bitcoin Cash came into...
LHV Bank Founder Has Lost Private Key to ETH Stash Worth $470 Million
7.11.2023
Rain Lõhmus , founder of Estonia-based LHV Bank, has lost the private key to his crypto stash consisting of 250,000 ETH, worth approximately $470 million. The stash was acquired during the Ethereum Initial Coin Offering (ICO), Conor Grogan, a director at cryptocurrency exchange Coinbase...
Bitcoin Mining Company Hut 8 to Bid for Natural Gas Power Plants and Bitcoin Facility
7.11.2023
Hut 8, a public Bitcoin mining company, announced it has been cleared to issue a “stalking horse” bid for several natural gas power plants and a Bitcoin mining site. The Canada-based miner hopes to integrate these services to expand its business to sell power to the market and develop...
Decade of Resilience — A Look at 10 Pioneer Crypto Companies That Are Still Standing
7.11.2023
Over 15 years have passed since Satoshi Nakamoto launched the crypto revolution with the release of the Bitcoin white paper. On the brink of January 3, 2024, the network celebrates a decade and a half of continuous activity. Though many companies folded in 2023, several of the original players...
Ava Labs cuts 12% of staff to ‘reallocate resources’ toward expansion
7.11.2023
Ava Labs CEO Emin Gün Sirer however stressed the firm is well-positioned with significant runway and resources at its disposal
US Supreme Court to Decide Whether Coinbase Can Force Users to Settle Disputes Through Arbitration
7.11.2023
The U.S. Supreme Court has agreed to take up the Coinbase case concerning whether the crypto exchange can force users to settle disputes through private arbitration, rather than in court. The case stems from a dogecoin (DOGE) sweepstakes in which users accused Coinbase of false advertising....
Bitcoin’s Transaction Backlog Swells With Latest Inscription Wave, Pushing Fees Up 4,000%
7.11.2023
After a quiet period post-September 15, Bitcoin transaction backlogs are surging anew, with a noticeable resurgence of Ordinal inscriptions starting October 24. The number of pending bitcoin transactions in the mempool has surpassed 157,000, prompting a rise in high-priority transaction fees...