KuCoin recently took the initiative to lead a funding operation raising $10 million for an offshore Chinese yuan stablecoin issuer, CNHC. This investment made by the most prominent cryptocurrency exchange is a component of a larger plan to promote stablecoins. Circle was among the many prominent industry investors who contributed to the CNHC investment round. … Read more
Circle, the American startup behind the USDC stablecoin, the world’s second-largest stablecoin, has provided its community with facts regarding its business operations. Circle stated (1) in a blog post published on March 14 that it had resumed its usual activities, which include the repayments of the USDC stablecoin. This information was made public. The week … Read more
A short while ago, the Filecoin Virtual Machine (FVM) became operational (1) on the mainnet. As a result, the blockchain underlying the payment system can now handle additional functionalities. Smart contracts and the ability for users to program through the Filecoin Virtual Machine are examples of these features. The launch of the FVM on the … Read more
The practice of purchasing digital assets has been simplified due to Coinbase, one of the major cryptocurrency exchanges in the world, opening up the transfer of cash to and from wallets through local banks. The revelation comes at a pretty unfavorable time for the markets, which are fighting to maintain their buoyancy due to concerns … Read more
The most influential people in the non-fungible token (NFT) industry believe that the recent speculations regarding an Amazon NFT platform that might significantly shift the competitive landscape. Once Amazon CEO Andy Jassy commented (1) that the online retail giant would offer NFTs, suspicions began circulating regarding the platform. Since then, other reports have surfaced detailing … Read more
Last week, Silicon Valley Bank (SVB) said it would be closing its doors, which sent shockwaves across the banking industry and forced the top US authorities, including the Fed and the FDIC, to take action. Even while the Fed successfully prevented the contagion from extending further, recent information on insider stock sales has brought up … Read more
As the decentralized lending protocol, Euler Finance attempts to recover from Monday’s $196 million hack, and it is leaving no stone left in its investigation. For the past two days, the Ethereum-based noncustodial lender has communicated with the hacker via several on-chain messages to negotiate a settlement with them. The conversations, on the other hand, … Read more
After raising $350 million at a more than $3 billion valuation in 2021, Anchorage Digital became the first cryptocurrency bank in the United States to be licensed under federal law. According to recent reports, Anchorage Digital, which operates as an institutional-grade bitcoin platform, has let go of 75 employees, accounting for twenty percent of the … Read more
According to recent reports, the US cryptocurrency exchange Coinbase Global Inc is taking steps toward integrating the decentralized finance apps Aave and Uniswap into the Coinbase L2 Network Base. A person intimately aware of the circumstance was cited as the source of information in a report (1) by CoinDesk as having divulged the plans. … Read more
One of the co-founders of OneRare foodverse shared his excitement about his company’s new partnership with Maggi. Maggi, a well-known seasoning brand worldwide, is preparing to introduce its first digital collectible in the OneRare Foodverse. Maggi’s launch date couldn’t have been picked at a more advantageous time. NFTs have begun to show signs of improvement … Read more