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Circle Chooses BNY Mellon to Custody USDC Reserves


Boston-based Circle Internet Financial has announced the company has selected BNY Mellon to custody the firm’s usd coin (USDC) reserves. The company’s dollar-pegged crypto asset is currently the second-largest stablecoin with a current market capitalization of $51.6 billion....

RichQUACK’s Staking Pool Accrues $1 Million TVL in Week Since Launch


RichQUACK, a hyper-deflationary token backed by a community of more than 209,000 on Twitter and 50,000 on Telegram, launches its staking pool, accessible to holders of its native $QUACK token through its decentralized application (dApp). The pool, which Techrate found to be safe for users in...

Hackers Rob $600 Million in Crypto Heist


Hackers have stolen $600 million from a blockchain network that is connected to the Axie Infinity online game. It is one of the biggest cryptocurrency attacks. A computer called nodes operated by Axie Infinity maker Sky Mavis as well as the Axie DAO that support a so-called bridge. This platform...

Messi Inks USD 20M Deal in Another Crypto Marketing Effort


  Argentine professional footballer Lionel Messi has signed a deal worth over USD 20m to promote digital fan token company Socios.com in another sports-crypto marketing effort. As part of the deal, Messi will be involved in a promotion campaign for Socios in the 2022 FIFA World Cup, which...

Over USD 600M Stolen in Blockchain Bridge Hack as Ronin Network Exploited


  The first quarter of 2022 is about to end with one of the largest crypto thefts, as the gaming-focused Ronin bridge, which connects blockchains, has been exploited to the tune of more than USD 600m.... Read More: Over USD 600M Stolen in Blockchain Bridge Hack as Ronin Network Exploited

Axie Infinity Loses $620 Million After Hacker Compromised Ronin Validators


According to Sky Mavis, the creators of the blockchain NFT game Axie Infinity, the Ronin network has been attacked, and a hacker has managed to siphon 173,600 in ethereum and 25.5 million usd coin (USDC). The attacker has obtained roughly $620 million worth of crypto assets, and the Ronin bridge...

Hedera Launches USD 155M DeFi-Focused Fund


  A development fund worth USD 155m intended to boost the use of the Hedera (HBAR) network in DeFi applications has been announced by the HBAR Foundation. According to an announcement from the foundation on Tuesday, the new fund – dubbed the Crypto Economy Fund – will focus on “increasing...

Binance Coin (BNB) Closes on Its 200 DMA Curve of $466!


Binance Coin has finally been able to reach the top levels of its consolidative zone. At the current value of $436, BNB is worth close to USD 72 billion, with a total circulation supply of 165.1 million Binance Coin tokens. Still, the volume of transactions on BNB remains less than 2% of its total...

AUD/USD Might Pause the Bull Run as APAC Conditions Deteriorate


The momentum enjoyed by the AUD/USD pair is experiencing some downtime in the market. The commodity currency gained much from the demand created by the ongoing global conflict in the last few weeks. It helped the currency reach new points against the greenback in the market. However, the currency...

Bitcoin Tests USD 47K, Ethereum Reaches USD 3.3K, Altcoins Gain Momentum


  Bitcoin price started a fresh increase above the USD 45,500 resistance zone and even briefly surpassed the USD 47,000 level. It is currently (04:00 UTC) consolidating gains near USD 46,900 and eyeing an upside break above USD 47,500. Similarly, most major altcoins are gaining bullish momentum....

USD Slides Down While Japan’s Yen Takes the Hit


The Japanese Yen took a deep cut in the market on Friday, losing 0.61% against the United States dollar. It is believed that the hiking import costs and a downside in the interest rates have caused the JPY to take this blow. And what’s more, the greenback also took a hit as per the recent...

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