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TUSD Supply Skyrockets With 1 Billion Injection Amidst Decline in Stablecoins
20.6.2023
Despite the decline in stablecoins due to substantial redemptions, particularly from projects like USDC, DAI, and BUSD, the project TUSD has experienced a notable surge in its supply. TUSD has added more than a billion dollars’ worth of tokens to its existing supply. As of the present moment...
Gaming Just Isn't About You: Consoles Are Thrashed By Casual Games
19.6.2023
Gaming still isn’t all about you. New data released by PwC shows that “traditional” games make up only 26.7 percent of the revenue earned by the U.S. games industry, the vast majority of 2022's $54.1 billion coming from social or casual games. Esports, meanwhile, contributed just 0.8%. Added...
Investment Firm Republic Buys Stake in Crypto Broker-Dealer INX at $50M Valuation
19.6.2023
Republic will acquire around a 9.5% stake in INX following the initial investment, with a commitment to acquire of 100% of equity at a valuation of $120 million as early as Q3 this year
Crypto Market Regulatory Uncertainty Overshadows Blockchain Development: Bank of America
19.6.2023
The bank said it expects blockchain infrastructure and tokenization to transform financial and non-financing infrastructure and markets over the next five to 10 years
Ripple CEO Brad Garlinghouse: Former SEC Official William Hinman Received ‘Millions of Dollars’ From Law Firms With a ‘Vested Interest’ in His Speech
19.6.2023
Ripple CEO Brad Garlinghouse has blasted the enforcement approach of the U.S. Securities and Exchange Commission (SEC) after the release of the Hinman docs, which contain internal discussions that the institution had before the now famous 2018 speech offered by former SEC Division of Corporation...
Crypto Community Donates $1M to Sleuth ZachXBT After Defamation Lawsuit
19.6.2023
Backers include the likes of prominent crypto businesses and personalities such as Binance, CertiK and Justin Sun, among others
Defi TVL Holds Steady Above $42 Billion as Lido Finance Dominates With $12.69 Billion Locked
18.6.2023
On June 18, 2023, the total value locked (TVL) in decentralized finance (defi) protocols has been rangebound and hovering at just above the $42 billion range. Presently, Lido Finance dominates the value locked in defi with $12.69 billion or 29.76% of the aggregate. During the last month, the...
Russia to Trial Digital Asset Settlements in Foreign Trade
17.6.2023
Bank of Russia plans to pilot cross-border payments using digital assets and central bank digital currencies, according to a deputy governor. The top executive believes these alternative instruments could increase efficiency in foreign trade while such settlements will not be permitted inside...
Twitch Mega Streamer xQc Signed By Gambling Company For $100 Million
17.6.2023
Twitch’s biggest streamer, Félix “xQc” Lengyel, is signing with the company’s newest rival, Kick, a streaming platform that offers better revenue splits and also appears to be centered around online gambling. The non-exclusive deal is valued at up to $100 million over two years, and is the latest...
Crypto Detective ZachXBT Faces Defamation Lawsuit
16.6.2023
MachiBigBrother has sued ZachXBT for an investigation the latter published in June 2022 alleging the trader stole tens of millions of dollars worth of crypto
BlackRock’s Spot Bitcoin ETF Not The Same As Grayscale’s Product, Experts Say
16.6.2023
Exchange Traded Fund (ETF) terminology can sometimes be tricky, and fund management giant BlackRock’s application for a spot Bitcoin ETF has raised some questions
Curve pool imbalance triggers USDT depeg concerns: Finance Redefined
16.6.2023
The top 100 DeFi tokens had another bearish week, with the majority of tokens trading in the red
DeFi Credit Protocol Concordia Raises $4M in Round Led by Tribe, Kraken
16.6.2023
Concordia, now live in public testnet on Aptos, offers a multi-chain risk and collateral management platform for digital assets
BlackRock May Have Found Way to Get SEC Approval for Spot Bitcoin ETF
16.6.2023
Blackrock’s (BLK) iShares Bitcoin Trust application to the U.S. Securities and Exchange Commission (SEC) this week might stand a better chance than previous attempts by other fund managers thanks to the promise of a “surveillance-sharing agreement” between exchanges
Crypto Traders Flock to OTC Markets as Exchange Liquidity Dries Up Amid Regulatory Clampdown
16.6.2023
crypto traders flock to OTC
French Investigation Targets Binance: Allegations of Money Laundering and Regulatory Violations
16.6.2023
Binance, the crypto exchange with the highest trade volume globally, is currently facing an investigation for suspected money laundering activities, as reported by the French publication Le Monde. The finance judicial investigation service of France is currently scrutinizing the actions...
Professional Investors Still Have an Appetite for Digital Assets: Survey
16.6.2023
A survey by Nomura’s digital asset subsidiary shows investors overwhelmingly say digital assets represent an important diversification opportunity
Synthetix has taken on Lido Finance’s stETH
16.6.2023
Synthetix is extremely pleased to carry out its official announcement of having taken on Lido Finance’s stETH, an asset for leverage trading on Synthetix Perps. This is known to be the latest perpetual futuristic market, and it has the endorsement of SIP 2021, the boundaries for which have been...
Binance to Quit Netherlands After Failing to Acquire License
16.6.2023
The crypto exchange's attempt to secure a virtual asset service provider (VASP) license from the Dutch regulator was unsuccessful
Sturdy stablecoin market reopens three days after $800K exploit
16.6.2023
The DeFi protocol also offered the $100,000 bounty to anyone who could help bring an arrest or recover the funds