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India’s Digital Rupee Usage Drops Drastically After Initial Surge


India’s central bank digital currency (CBDC), the digital rupee, has experienced a significant decline in usage, decreasing to a tenth of its peak in December 2023, according to sources involved in the pilot project. The Reserve Bank of India (RBI) initially reached 1 million daily retail...

Report: Kraken Considers IPO Amid Renewed Investor Interest


Kraken, one of the oldest cryptocurrency exchanges, is considering a final funding round ahead of a possible initial public offering (IPO) as soon as next year, according to Bloomberg. This move follows renewed interest from investors during the current digital-asset market rally and a perceived...

Polimec positioned on Polkadot for initial project rating


Polimec, a decentralized and community-oriented funding parachain, has been formally positioned on Polkadot to kick start its initial project appraisal, as per its brief release to CryptoState.  The platform is involved in rating Web3-related projects for prospective fundraising initiatives....

Mollars Crypto Half as Popular as Pepe Token According To Google Trends


The ICO for 2024’s new store of value [SOV] altcoin, Mollars (MOLLARS), is pushing quickly towards US$1,500,000.  Today the project’s initial coin offering moved  to 72%, leaving less than 28% of the tokens allocated for the presale available for purchase. The post Mollars Crypto Half as Popular...

US Bitcoin ETFs Bounce Back With $569.4M in Net Inflows After Initial Dip


Spot bitcoin exchange-traded funds (ETFs) concluded the week on an upbeat note, securing $203 million in positive inflows on Friday, as per the latest data. Despite an initial setback of $84.7 million in net outflows on April 1, the ETFs have since rebounded, gathering $569.4 million in...

Fantom completes the initial stage for releasing its stablecoin UDDC.e


The Fantom Foundation has completed its first stage of introducing its stablecoin USDC.e, boosted by Wormhole, and is utilizing Circle’s bridged USDC standard. Initially, being a bridged USDC stablecoin from Ethereum (USDC.e), the token is now the stablecoin about the Fantom network. The initial...

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