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PYUSD Supply Skyrockets by 49%, Marking a Shift in Distribution as New Holders Emerge
25.10.2023
According to current metrics, Paypal’s stablecoin PYUSD has increased its supply by more than 49% since the end of September, rising from 94.39 million to 140.86 million. Moreover, the number of PYUSD holders has risen by 55% since September 30, 2023. Concentration, however, is still evident...
Israeli Crypto-Based Aid Organization Says Nearly $200,000 Raised for October 7 Terror Victims
25.10.2023
Nearly $200,000 has been raised by a non-profit organization launched by members of Israel’s Web3 community. More than 30 Web3 companies have since joined the campaign while the accounting firm KPMG is said to be assisting with fundraising and distribution. Web3 Companies Join Campaign Crypto...
Worldcoin Adjusts Token Strategy; Shifts Orb Rewards and Alters Market Maker Agreements
23.10.2023
Worldcoin, which uses iris biometrics to create a unique human identity database, said Sunday it is changing the distribution of its circulating WLD token supply and its market maker loan agreements. The project, launched in July, will decrease the loan amounts to market makers and will start...
South Korean Regulator to Establish Standards for Issuance and Distribution of Crypto
18.10.2023
South Korea’s Financial Supervisory Service (FSS) is looking to establish comprehensive guidelines for the issuance and distribution of cryptocurrencies to enhance the Virtual Asset Users Protection Act passed earlier this year.
Under this new legislation, authorities are mandated to formulate...
Dubai Regulator Halts Sale and Distribution of Islamic Coin – What's Going On?
6.10.2023
The Dubai Virtual Assets Regulatory Authority (VARA) has taken action against Bored Gen DMCC (BG), a company involved in the distribution and marketing of Islamic coin (ISLM).
According to a VARA alert published on Wednesday, BG lacks the necessary authority to conduct the type of crypto-related...
Dubai Regulator Blocks the Sale and Distribution of Islamic Coin
6.10.2023
Dubai’s Virtual Assets Regulatory Authority (VARA) recently said the company distributing and marketing islamic coin (ISLM) lacks the authority to do so. VARA said Bored Gen DMCC must cease marketing activity until it obtains the appropriate approvals. The steps taken by the regulator came...
SEC Opposes Celsius Plan to Use Coinbase as Distribution Agent for International Customers
26.9.2023
On Monday, September 25, the United States Securities and Exchange Commission (SEC) opposed the crypto firm Celsius Network's proposal to involve Coinbase as part of its bankruptcy and reorganization plan.
Last week, in the Friday lawsuit, Celsius stated its plans to use Coinbase to distribute...
Celsius Creditors Vote in Favor of Crypto Repayment and Equity Distribution Plan
26.9.2023
Creditors in the Celsius bankruptcy case have voted in favor of a comprehensive plan, paving the way for the return of funds and the equitable distribution of assets through the establishment of a new entity.
As per September 25th filing by the bankruptcy firm Stretto, the majority of creditor...
What Is XRP? A Brief History of the Real-Time Gross Settlement System
13.9.2023
While Ripple has its critics, there exists a passionate ‘army’ of XRP advocates who firmly believe it represents the future of decentralized finance and cross-border settlement. In this Learning and Insights guide, our objective is to walk you through a brief history of Ripple and...
Palau Finishes Distribution Phase of Stablecoin Pilot, Organizes Feedback Survey
9.9.2023
Palau is preparing to close the distribution phase of its stablecoin pilot after having extended it for 30 additional days to examine additional use cases and growing popular demand. Palau Ministry of Finance board member Jay Hunter Anson explained that the pilot was a “temporary, research...
Worldcoin’s Centralization Dilemma: 100 Wallets Still Dominate 93% of Total Supply
8.9.2023
Since August 11, 2023, the number of unique digital wallets storing the iris-scanning cryptocurrency worldcoin (WLD) stood around 468,466. But in the weeks since, ownership of the fledgling crypto has expanded by over 26% to 591,633 wallets. However, worldcoin’s value has moved in...
Bitcoin’s Largest Accounts: Peering Into the Top 10 Wallets on the ‘BTC Rich List’
2.9.2023
In recent weeks, buzz within the crypto sphere has centered on prominent bitcoin and ethereum holders. Some addresses are awash with speculation, while others have earned distinct labels. Interestingly, a handful have purportedly been unmasked, leading to many of the top ten BTC addresses being...
Cambridge Bitcoin Electricity Consumption Index updated to reflect hardware distribution and hashrate increases
31.8.2023
Cambridge researchers revise the widely-cited index in response to evidence indicating periodic overestimation of Bitcoin mining’s electricity consumption
While Worldcoin Sees a 148% Surge in Unique Addresses, the Top 20 Wallets Command 94% of WLD Supply
6.8.2023
Worldcoin’s native cryptocurrency, worldcoin (WLD), has oscillated in value between $2.69 and $2.13 per token throughout the preceding 12 days, peaking at $3.30 per coin on July 24, 2023. The number of individual addresses possessing WLD under Worldcoin’s umbrella has surged by more...
Australian Regulator Sues Etoro to ‘Protect Consumers From High-Risk CFD Products’
4.8.2023
The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against the crypto platform Etoro. The lawsuit relates to Etoro’s contract for difference (CFD) product which ASIC alleges to be in breach “of design and distribution obligations and of Etoro’s license...
Worldcoin Could Enable Wider Distribution of Crypto Than Even Bitcoin, Says CoinFund
27.7.2023
Worldcoin could onboard "billions of users" into crypto, said CoinFund
Examining Worldcoin’s Concentrated Supply at Token Launch
25.7.2023
Following the Monday, July 24, launch of the worldcoin (WLD) token, the cryptocurrency quickly peaked at $3.30 per coin but has since depreciated by over 35%. Despite 18 months of beta testing and claims of more than 2 million sign-ups, the token has a scant 164,195 holders with its circulating...
There's A New Worst Game Of 2023, And It's A Switch Exclusive
14.7.2023
Remember that awful looking The Last of Us clone, The Last Hope, that got released earlier this month? Well, it turns out the game is much worse than the trailer first suggested. Apparently, the whole game is only about 20 minutes long, takes place in one street, and is a broken mess.Read more
Spot Volumes Rise on Centralized Exchanges but Traffic Falls Further, Report
14.7.2023
Spot and futures trading volumes on centralized crypto exchanges (CEXs) have increased in June, a new report shows. At the same time, website traffic to major trading platforms for digital assets continued to decline, according to the study which also tracks its geographical distribution. Spot...
Silk Road Advisor Sentenced to 20 Years in Prison While a Rogue Double-Agent Eludes Capture
12.7.2023
On Tuesday, July 11, 2023, the U.S. Attorney’s Office for the Southern District of New York, led by attorney Damian Williams, announced a 20-year prison sentence for Roger Clark. Clark was allegedly the senior advisor to the original Silk Road, an infamous darknet marketplace that operated...