Circle CEO believes that China could gain from yuan stablecoin over CBDC.
Although China has prohibited the use of cryptocurrencies, stablecoins may play a role in the expansion of its national currency.Despite China’s ban on
Crypto
Crypto
Bitcoin is the preferred cryptocurrency, with a $136 million inflow.
According to the most recent CoinShares update, digital asset investment products have received a strong inflow of $136 million in the last week.
Crypto
Axelar, a cross-chain protocol, will provide Web3 services using Microsoft Azure.
Cross-chain protocol According to CoinDesk, Axelar intends to develop a blockchain-based solution that would allow businesses and customers to quickly connect with decentralised
Crypto
With the AI boom, ChatGPT Founder’s Worldcoin is experiencing unprecedented growth in Spain.
According to a recent tweet by Worldcoin, Spain has become the company’s largest operating market in Europe. According to the tweet, more than
Crypto
Arkham Intelligence Launches Crypto Data Marketplace; Privacy Advocates Scream Foul
Arkham Intelligence, an on-chain data provider, has launched a marketplace where users may purchase and sell on-chain cryptocurrency data. The Arkham Intel Exchange
Crypto
Since resuming withdrawals, Voyager Digital has seen a $250 million net outflow.
Bankrupt crypto lender Voyager Digital has witnessed more than $250 in net outflows since resuming withdrawals on June 23, a year after filing
Crypto
Twitter phishing strategy for FTM distribution is triggered by a multichain assault.
A phishing link was placed in the tweet and shared with the hack’s victims, leading them to believe it was from the Fantom
Crypto
AntChain Implements Zero-Knowledge Proof for Better Privacy and Verification in the Web3.0 Era
AntChain, a subsidiary of Ant Group, has unveiled a new architecture upgrade for its privacy cooperation platform, AntChain FAIR, which includes Zero-Knowledge Proof
Crypto
XRPL increases in the second quarter amid SEC litigation concerns.
The overall number of new addresses added to the XRP Ledger increased significantly, reaching 138,790, marking a 31.8% increase over the same period
Article
How crypto launchpads are changing the DeFi sector
Crypto launchpads combine the concept of decentralised ecosystems with the community’s power to make trustless investments.The Bitcoin business and Web3 have been incubators
Crypto
Circle is forced to freeze $63 million in USDC as a result of a multichain breach.
Circle, the issuer of the USD Coin (USDC), has frozen $63 million in three wallet addresses linked to the hack of the cross-chain
Crypto
Polygon Labs’ CEO Resigns; Chief Legal Officer Takes Over
Polygon Labs, the business behind the Polygon blockchain, has announced management changes as it prepares for the next chapter of its corporate evolution,
Crypto
10% Drop in BOND Token as BarnBridge Faces SEC Probe
The U.S. Securities and Exchange Commission (SEC) is looking into team members of the decentralized finance (DeFi) platform BarnBridge in the most recent
Crypto
Celebrities, Crypto, and Controversy: The Aftermath of FTX’s Insolvency
According to the New York Times, Tom Brady, the quarterback for the New England Patriots and seven-time Super Bowl champion, served as an
Crypto
For the first week of July, crypto storage tokens outperformed high cap tokens such as bitcoin and ether with tokens such as Filecoin’s FIL and Storj’s STORJ On Tuesday,The Storj protocol’s native token jumped 43%. It has lately gained 15% in the last seven days % although it has subsequently receded slightly. Filecoin’s FIL, a competitor of Storj is a decentralised technology that allows individuals to rent out excess computer storage with a market cap of about $2 billion compared to Storj’s $145 million, has also gained 12% over the last seven days Storj is one of a few competing crypto-backed cloud storage services, and it is frequently referred to as a competitor to cloud storage platforms such as those provided by Amazon and Google. Bitcoin, the world’s most valuable cryptocurrency, fell 0.7% during the same time period. Ether was impacted the worst, dropping 3.5%. Bitcoin has been trading above $30,000 for a few weeks now, but has yet to break the $32,000 mark. Traders have blamed the current market uncertainty for the price stagnation. Markets are weighing conflicting economic data and ongoing central bank talks about how to reduce stubbornly high inflation without plunging the country into a deep recession. Craig Erlham, senior market analyst at OANDA commented that “The ETF filings provide more reason for optimism, but there’s no guarantee they’ll result in a positive outcome, even if the odds are improved by the support of those involved.” “It could also be a lengthy process, which could explain the stall we’ve seen in recent weeks,” Solana’s SOL gained 12% this week and gained 8% on Friday alone. The reason for the increase is unknown, but some analysts believe the token will continue to rise. According to Sean Farrell, head of digital asset research at data firm FundStrat, “it’s possible that conditions became super oversold in the aftermath of the Robinhood forced selling and now we are regressing back to prior support levels.” The Recent Market Index, a gauge of crypto market performance, has fallen 1.3% in the last seven days. The Computing Sector of the Indices produced the only weekly increases. Culture & Entertainment tokens fell 5%, while Smart-Contract Platform tokens fell 2.2%.
For the first week of July, crypto storage tokens outperformed high cap tokens such as bitcoin and ether with tokens such as Filecoin’s
Crypto
Circle Is Considering Issuing a Stablecoin in Japan Under New Regulations
Following the recent passage of legislation permitting stablecoins in Japan, payment services business Circle is considering the issuance of a stablecoin. Jeremy Allaire,
Crypto
Bittrex Faced Florida Regulator Enforcement Action Prior to Bankruptcy
The Florida Office of Financial Regulation indicated in a bankruptcy court filing that the regulator still had “administrative discretion” to prosecute Bittrex. The
Crypto
Binance Refers Dutch Users to Rival Coinmerce as It Leaves the Netherlands
Users in the Netherlands may choose to transfer funds from Binance to Coinmerce, according to Coinmerce CEO Jaap de Bruijn in a blog
Crypto
Denmark’s Financial Supervisory Authority orders Saxo Bank to sell its cryptocurrency holdings
Denmark’s financial regulator has ordered Danish bank Saxo to sell its own cryptocurrency holdings, the body announced recently. According to the Danish Financial
Ethereum
Pendle Finance, an Ethereum-based yield powerhouse, is expanding to the BNB Chain.
Pendle, an Ethereum and Arbitrum-based liquid staking derivatives (LSD) platform, will expand to the BNB Chain network today as developers seek to attract
Crypto
Crypto Trading Volumes Increase for the First Time in 3 Months on the Back of ETF Optimism
Crypto trading volumes increased for the first time in three months in June, fueled by confidence following the filing of spot bitcoin exchange-traded-fund
Article
Adoption of cryptocurrency in emerging nations
Cryptocurrency adoption has proven to be a lifeline in developing economies, where fast depreciating currencies and political instability have left individuals with few
Crypto
Bitcoin miners transfer 54,000 BTC to Binance as liquidity falls.
Significant Bitcoin transactions have recently been seen in the market. Bitcoin miners have reportedly moved 54,000 BTC to Binance in the previous three
Crypto
The Vice President of HKUST has urged Hong Kong to issue the stablecoin HKDG.
According to TKWW, key players such as HKUST Vice-President advise that the Hong Kong government create its own stablecoin, dubbed HKDG, as a
Crypto
Law Firm Billed Voyager Creditors $5.1M in March-May
McDermott Will & Emery, a law firm representing Voyager’s committee of unsecured creditors, has charged the group $5.1 million for work undertaken between
Crypto
Bitcoin is leading the bullish trend in the crypto market, with $125 million inflows.
CoinShares announces a sharp rise in investor enthusiasm for digital assets, with a $125 million influx over the past week. The overall inflows
Crypto
South Korea Adopts Crypto Bill to Protect Users
The Virtual Asset User Protection Act was approved by South Korea’s National Assembly on Friday, which was the first step in the development
Crypto
Singapore’s MAS requires cryptocurrency companies to place customer assets in trusts before the end of the year.
The Monetary Authority of Singapore (MAS) has declared that cryptocurrency service providers in Singapore would need to place client funds under a statutory
Crypto
New Task Force in Hong Kong Promotes Web3
The Task Force on Promoting Web3 Development was recently unveiled by the Hong Kong government as a crucial effort. Together with important government
Crypto
Bittrex questions SEC’s power in cryptocurrency lawsuit and asks for dismissal.
Bittrex’s arguments are very similar to those presented by Coinbase. The United States Securities and Exchange Commission (SEC) and cryptocurrency exchange Bittrex are