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Ethena’s USDE Stablecoin Surpasses $3 Billion, Flipping First Digital’s FDUSD
2.6.2024
This weekend, Ethena’s synthetic U.S. dollar stablecoin USDE reached the $3 billion range. As of June 2, 2024, USDE has surpassed First Digital’s FDUSD stablecoin. Ethena’s Synthetic Stablecoin USDE Exceeds $3 Billion Launched in February, the synthetic U.S. dollar stablecoin USDE, which offers...
Declining But Dominant: WBTC Maintains Market Lead Over BTCB, RBTC, LBTC, and Other Derivatives
2.6.2024
The Wrapped Bitcoin (WBTC) protocol, initiated by Bitgo in 2019, holds the title of the largest BTC derivative project by market capitalization, and to date, no other project has exceeded its scale. Nonetheless, the past few years have seen a significant decline in the number of wrapped bitcoins...
NFT Sales Dip Again: Ethereum Leads as Market Declines by 7.03%
1.6.2024
Over the past week, non-fungible token (NFT) sales have declined again, slipping 7.03% compared to the previous week. During this period, $122.3 million in sales were recorded, with Ethereum-based NFTs taking the lead. 7-Day NFT Sales Slide 7.03% This week witnessed another seven days of subdued...
$2.7 Billion Reduction — Coinbase Records 40,406 BTC Outflow in 60-Day Period
1.6.2024
In recent weeks, Binance and Robinhood observed a modest influx of approximately 1,302 BTC or $88 million in bitcoin, with Robinhood acquiring the majority of these assets. Conversely, Coinbase experienced a noticeable decrease in its bitcoin reserves, witnessing an outflow of 40,406 BTC valued...
Coinbase Challenges SEC’s Rulemaking Process, Argues for Clear Regulations on Digital Assets
1.6.2024
Coinbase, Inc. has escalated its dispute with the Securities and Exchange Commission (SEC) by filing a reply brief in the Third Circuit Court of Appeals, arguing the necessity of clear rulemaking for the digital asset industry. The case underscores the ongoing tensions between regulators and...
Be persistent with the SEC, says Franklin Templeton digital asset head
1.6.2024
The SEC is safeguarding the economy, but Roger Bayston sees a change in tone at the regulator
SEC Issues Investor Alert Highlighting 5 Common Crypto Scams
1.6.2024
The SEC’s Office of Investor Education and Advocacy has issued an alert, highlighting five common crypto scams investors should watch out for to avoid losing money. The SEC warns that fraudsters exploit cryptocurrency popularity with sophisticated techniques, making fund recovery difficult....
Global Crypto Ownership Reaches 562 Million: 6.8% of World Population Now Own and Use Digital Currencies
1.6.2024
A new report reveals that 562 million people globally now own digital currencies, an increase from 420 million in 2023, making up 6.8% of the world’s population. Asia is at the forefront of this growth, with North America close behind. Overall, cryptocurrency adoption is rising worldwide...
New York Tightens Customer Service Regulations for Crypto Companies
1.6.2024
The New York State Department of Financial Services (DFS) has introduced new guidance mandating regulated cryptocurrency entities to implement customer service policies and procedures. Crypto entities must collect data to ensure timely and fair resolution of issues, maintain records for regulatory...
Delorean launches digital marketplace in collaboration with Otherlife
31.5.2024
DeLorean, a renowned auto brand, has announced a partnership with Otherlife, a Web3 creative agency and a Moonpay branch. The collaboration is aimed to establish a revolutionary marketplace that will enable DeLorean enthusiasts to acquire, trade, and exchange vehicle reservation build slots. In...
SEC’s Hester Peirce urges US-UK Digital Securities Sandbox Cooperation
31.5.2024
Hester Peirce, the US Securities and Exchange Commissioner, is advocating for the establishment of a collaborative digital securities sandbox between the United States and the Bank of England. This will enable companies to experiment with inventive finance equipment within a controlled space. ...
NFT sales volume tumbles 54% in May: CryptoSlam
31.5.2024
NFT sales dropped from $1 billion in April to $624 million in May, with Bitcoin, Ethereum, and Solana-based digital collectibles significantly declining
Legal fees skyrocket in high-profile crypto bankruptcies
31.5.2024
High-profile bankruptcy cases have become a lucrative goldmine for two major law firms involved in the legal proceedings: Sullivan and Cromwell and Kirkland and Ellis
SEC Commissioner Proposes Joint US-UK Digital Securities Sandbox
31.5.2024
U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has proposed a joint US-UK digital securities sandbox. She noted that the U.S. and UK are ideally positioned for this initiative, emphasizing that this collaboration would benefit innovators, regulators, and consumers in both...
Meet Mike Novogratz, the Political Commentator
31.5.2024
In an interview at Consensus 2024, the Galaxy Digital CEO was asked about a plethora of regulatory and legislative issues affecting crypto
Elon Musk Says Crypto Can Shift Power From Government to the People, but Denies Discussing Crypto With Trump
30.5.2024
Tesla and Spacex CEO Elon Musk has debunked reports claiming that he advised former U.S. President Donald Trump on cryptocurrency. While stating that he is pretty sure he has not discussed crypto with Trump, Musk said crypto can “shift power from the government to the people,” and...
US pro-crypto super PAC Fairshake gets $25M from Andreessen Horowitz
30.5.2024
The major contribution comes a day after the PAC received an equal amount from Ripple
$2.18 Billion Digital Assets in Kind Returned to Earn Users, Gemini Says
30.5.2024
Cryptocurrency exchange Gemini announced on Wednesday that Earn users have received $2.18 billion of their digital assets in kind, representing 97% of their assets owed and a 232% recovery since Genesis halted withdrawals. This recovery follows a settlement with Genesis and other creditors...
SEC Commissioner pitches safe space for digital securities experiment
30.5.2024
Hester Pierce said her “sandbox” pitch would offer opportunities for cross-border collaborations between blockchain firms without fear of regulatory threats
Iconic Auto Brand DeLorean Partners With Web3 Agency Otherlife to Launch Digital Marketplace
30.5.2024
On May 30, the renowned auto brand DeLorean, made famous in the iconic film “Back to the Future,” revealed a collaboration with Web3 creative agency Otherlife, a branch of Moonpay. Together, they aim to launch a groundbreaking marketplace where DeLorean enthusiasts can purchase, sell...