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A Guide to TradFi Blockchain Adoption
30.8.2023
As financial institutions look to come on-chain, total value locked, or TVL, is anticipated to be the leading indicator of where adoption will occur
BlockFi asks court for permission to convert trade-only assets into stablecoins
30.8.2023
The bankrupt crypto lender's request marks another step toward the return of users' funds, a process that the company began in August
Edelcoin: A Stablecoin Revolution
30.8.2023
In the rapidly evolving world of cryptocurrencies, stablecoins have emerged as a beacon of stability amidst the volatility of digital assets like Bitcoin and Ethereum. Stablecoins are digital currencies anchored to a diversified asset, such as fiat currency or different commodities like gold....
Crypto Exchanges Bybit and Okx Drop Cards of Sanctioned Russian Banks
30.8.2023
Cryptocurrency exchanges Bybit and Okx have discontinued support for payment cards issued by sanctioned banks from Russia. The moves follow in the footsteps of Binance, the world’s largest exchange for digital assets, which recently removed such cards from its peer-to-peer (P2P) platform. Bybit...
Crypto Analyst Predicts Stablecoin Adoption Boom Even in Face of Hostile Regulation
30.8.2023
Jamie Coutts, an analyst from Bloomberg Intelligence, has predicted that stablecoin adoption will grow significantly once the issue of hostile regulations in the U.S. is put aside, noting “adoption under the hood is exploding.” Coutts believes that stablecoin usage may overtake bitcoin...
Tokenized U.S. Treasuries Arrive to XDC Network as Digital Bond Market Grows
29.8.2023
The market for tokenized U.S. Treasuries has grown nearly sixfold to $622 million this year, as real-world assets on blockchains keep expanding
High Proliferation of Crypto Scams in Africa Linked to Limited Educational Efforts — Mitroplus Labs Founder
29.8.2023
According to Ivaibi Festo, the founder of Mitroplus Labs, a crypto and blockchain education organization, cybercriminals continue to find success in Africa because not enough is being done to educate residents on the basics of digital assets or the technology that underpins such assets. To make...
NFT Sales Dip 14%, Yet Buyers Increase: Weekly Report Reveals $91 Million Traded
27.8.2023
According to the latest statistics, sales of non-fungible tokens (NFTs) have taken a 14% dip compared to the preceding week, tallying up to $91.86 million in the past seven days. Interestingly, the count of purchasers rose by 38%; however, NFT transactions witnessed a decline of over 30% during...
Heatwave and Debt: Laos Suspends Crypto Mining Operations Amid Rising Power Demands
26.8.2023
In recent developments, Electricite du Laos (EDL) announced on August 24 that the power company shut down cryptocurrency mining activities. This decision came after this summer’s unprecedented heat surge escalated electricity demands. Furthermore, these mining operations have reportedly been...
DEA Duped: How a Crafty Crypto Scammer Outwitted the Agency and Made Off With $55K
26.8.2023
In a revealing report published on August 24, 2023, a significant oversight by the Drug Enforcement Agency (DEA) was brought to light. In their endeavor to manage assets confiscated from a nefarious enterprise, the DEA mistakenly funneled funds to an unrelated scammer, falling prey to a notorious...
Web3 Experts: Hong Kong Government-Backed Stablecoin Can Become a Global Currency, Challenge Dollar Dominance
26.8.2023
According to Wang Yang and Wen Yizhou, a stablecoin issued by the Hong Kong government has the potential to become an international currency and may challenge the U.S. dollar in certain places. However, in their latest opinion piece, Yang and Yizhou said the envisaged stablecoin will only succeed...
Ethereum Staking Flourishes While Value of DeFi Assets Shrinks – What's Going On?
26.8.2023
Ethereum (ETH) staking has been flourishing through protocols like Lido and Coinbase's staking service even as the value of DeFi assets continues to decline.
Over the past year, the crypto sector has experienced a series of setbacks, including failures of centralized crypto exchanges and services...
Trump Mugshot Fuels NFT Sales: Ex-President’s Digital Cards Jump 426%
25.8.2023
After a mugshot of the 45th U.S. president, Donald Trump, was snapped at Fulton County Jail in Atlanta, his NFT trading card sales skyrocketed. Cryptoslam.io data shows a whopping 426% surge in Trump’s digital card sales in just 24 hours. Trump’s Unprecedented Mugshot Sparks NFT Card...
Tether Reserves Report: USDT Maintains Dominance With $86.1 Billion Total Assets, Over 100% Reserve-Backed
25.8.2023
Stablecoin issuer Tether posts its total assets at $86.1 billion as it maintains its leading market share despite growing competition and uncertain regulatory conditions.
In the company’s reserve report, while total assets stood at $86.1 billion, its liabilities amounted to $82.8 billion....
Default of Tokenized Loans on Centrifuge Puts MakerDAO’s Investment at Risk
25.8.2023
DeFi giant MakerDAO has lent $1.8 million of DAI stablecoin to the tokenized credit pool under distress
SEC Charges Former US Correctional Officer With Fraudulent Crypto Token Sale
25.8.2023
The U.S. Securities and Exchange Commission said on Aug. 23 that it had charged a former New Jersey correctional officer “with fraudulently raising funds through the unregistered offering of the blazar token.” The Commission said the correctional officer’s scam was primarily...
Tokenization News Roundup: Resource Extraction, Social Media Monetization and Real World Connections
24.8.2023
‘Hedging Bitcoin and Ether’ — FTX Seeks Court Approval for Strategic Partnership With Galaxy Digital
24.8.2023
FTX Trading Ltd., accompanied by its linked debtors, has approached the U.S. Bankruptcy Court in Delaware with a proposal to collaborate with Michael Novogratz’s Galaxy Digital Capital Management LP, also known as Galaxy Asset Management. FTX Trading Proposes Alliance With Novogratz’s...
Pantera Capital Predicts Bitcoin to Skyrocket to $148,000 Post-2024 Halving
24.8.2023
In a recent “Blockchain Letter” to investors, published on August 22, Pantera Capital — a venture capital firm headed by Dan Morehead — has projected that the price of bitcoin (BTC) could soar to $147,843 per coin following the 2024 halving. The firm employed...
Pendle Finance Users Can Now Profit From Real World Assets
24.8.2023
Pendle will use MakerDao’s boosted Savings (sDA) and Flux Finance’s fUSDC in its first real-world assets (RWA) based product