76 / 238 Relevant items tagged with #Cryptocurrency
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Metaplex Announces Introduction of Hybrid Defi Protocol for Solana
[May 31, 2024 3:11 PM] Metaplex, a Solana-based protocol that allows for the easy deployment of NFTs across applications, has introduced MPL-404, a hybrid decentralized finance standard. MPL-404 leans on SPL-404, a protocol that allows for the exchange of an NFT for a…
Dragonfly-Backed Stablecoin, Agora, to Launch Natively on Sui
[May 31, 2024 1:36 PM] Agora, a stablecoin company that recently raised $12 million in its Series A funding round led by Dragonfly, has announced that it will launch its AUSD token natively on Sui. The company aims to produce a better stablecoin focusing on emerging…
Nigerian Artist Davido’s Meme Coin Plummets Shortly After He Pockets $474,000 From Token Sale
Market Analysis: How Will Mt. Gox’s Bitcoin Distribution Affect Crypto Prices?
[May 31, 2024 12:30 PM] As the defunct cryptocurrency exchange Mt. Gox prepares to distribute around $9 billion worth of Bitcoin, some investors are worried about the potential impact on prices. However, industry experts and major creditors believe that any short-term…
Conviction Fails to Deter Donald Trump’s 2024 Election Odds, According to Polymarket Bets
[May 31, 2024 11:50 AM] Following the landmark news of former President Donald Trump’s conviction on 34 counts related to a hush-money scheme allegedly influencing the 2016 election, data from the Polygon-powered prediction market Polymarket shows Trump still…
Transak and Cometh Launch Industry-First Fiat-to-Layer 3 Crypto Onboarding Solution
[May 31, 2024 11:14 AM] Transak, a Web3 payments provider, has teamed up with blockchain development platform Cometh to introduce a streamlined fiat-to-Layer three (L3) onboarding solution. This new system reportedly simplifies the purchase of crypto assets directly on…
Bitdeer Announces $100 Million Investment From Tether
[May 31, 2024 9:44 AM] On Friday, the publicly listed mining company Bitdeer Technologies Group revealed that the leading stablecoin firm Tether has purchased $100 million in Bitdeer shares. Additionally, Tether holds an option to acquire an additional $50 million in…
Over $300M in BTC Stolen From Japanese Exchange DMM Bitcoin in Major Security Breach
[May 31, 2024 9:11 AM] DMM Bitcoin, a subsidiary of DMM Group, has reported a significant security breach resulting in the theft of 4,502.9 bitcoin (BTC), valued at approximately $303 million. The Japanese cryptocurrency exchange detected the unauthorized transfer of…
Analyzing Tether’s 111 Billion Supply: Top USDT Wallets on Tron and Ethereum
[May 31, 2024 8:30 AM] This year, the supply of the stablecoin tether has surpassed the $100 billion mark, and today, the leading dollar-pegged token boasts a market valuation of $111.9 billion. The majority of this supply resides on Tron, with the network hosting $58…
May Shatters Bitcoin Transaction Records, Highlighting a Year of Unparalleled Achievements
[May 31, 2024 7:31 AM] According to recent data, May has set new records for milestones within the Bitcoin network. Following the record-breaking number of transactions confirmed on April 23, four of the top five days with the highest transaction counts settled on the…
Tether invests $150M in Jihan Wu’s crypto mining firm Bitdeer
[May 31, 2024 6:59 AM] Following the investment, Tether expects close collaboration with Bitdeer across several key infrastructure areas, CEO Paolo Ardoino said.
Bitcoin Technical Analysis: BTC Maintains Stability in Narrow Triangular Formation
Paraguayan Authorities Shut Down 2,700 Miners in Largest Anti-Illegal Bitcoin Mining Intervention to Date
[May 31, 2024 6:04 AM] Paraguayan authorities detected and shut down an illegal bitcoin mining farm that had over 2,700 miners connected directly to the country’s power grid. The operation, carried out in the city of Saltos de Guaira and situated near a national power…
Circle Officially Launches in Brazil, Partners With Latam Giants BTG Pactual and Nubank
[May 30, 2024 11:36 PM] Circle, the company behind USDC, the second-largest stablecoin in the cryptocurrency market, has announced its official launch in Brazil. The company inked an alliance with BTG Pactual, the largest investment bank in Latam, to provide onboarding…
Lawyer Pleads Guilty in $9.5M Crypto Ponzi Scheme — Faces 5 Years in Prison
[May 30, 2024 10:21 PM] David Kagel, a disbarred California attorney, pleaded guilty to orchestrating a cryptocurrency Ponzi scheme that defrauded victims of over $9.5 million. Kagel, 85, promised high returns through artificial intelligence trading bots and falsely…
Companies in Two Capital Markets Reportedly in Negotiations to Implement Microstrategy’s Bitcoin Business Model
[May 30, 2024 9:40 PM] Companies in two capital markets are looking to implement the business model that Microstrategy, led by entrepreneur Michael Saylor, pioneered in the U.S. According to David Bailey, CEO of Bitcoin Magazine, who denied one of these markets to be…
Thursday’s Top Performer: Notcoin (NOT) Surges 30%, Tops Shiba Inu And Pepe In On-Chain Holders
[May 30, 2024 8:00 PM] Notcoin (NOT), the play-to-earn token integrated into the Open Network (TON) ecosystem, has made significant waves in the market, becoming the top performer on Thursday. With a surge of over 30% within the past 24 hours, Notcoin has secured the…
SEC Commissioner Proposes Joint US-UK Digital Securities Sandbox
[May 30, 2024 7:32 PM] U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has proposed a joint US-UK digital securities sandbox. She noted that the U.S. and UK are ideally positioned for this initiative, emphasizing that this collaboration would…
JPMorgan’s JPM Coin Sees Transactions ‘Explode’ With Programmability Features
[May 30, 2024 4:17 PM] Global investment bank JPMorgan’s JPM Coin has seen a significant surge in transactions, according to Umar Farooq, head of Onyx by JP Morgan. During a session at the Consensus conference, Farooq stated, “We’ve seen the number of transactions…
Elon Musk Says Crypto Can Shift Power From Government to the People, but Denies Discussing Crypto With Trump
[May 30, 2024 3:15 PM] Tesla and Spacex CEO Elon Musk has debunked reports claiming that he advised former U.S. President Donald Trump on cryptocurrency. While stating that he is pretty sure he has not discussed crypto with Trump, Musk said crypto can “shift power…
This Bitcoin Metric Is “One Of Crypto’s Top Leading Indicators”: Santiment
[May 30, 2024 3:00 PM] The on-chain analytics firm Santiment has explained how this Bitcoin indicator has been one of the top leading indicators in the cryptocurrency market. Holdings Of Bitcoin Investors With At Least 10 BTC May Correlate To Price In a new post on X…
$2.18 Billion Digital Assets in Kind Returned to Earn Users, Gemini Says
[May 30, 2024 2:35 PM] Cryptocurrency exchange Gemini announced on Wednesday that Earn users have received $2.18 billion of their digital assets in kind, representing 97% of their assets owed and a 232% recovery since Genesis halted withdrawals. This recovery follows a…
Bitcoin’s Scaling Dilemma: Binance Report Sheds Light on BTC’s Enhancement Hurdles
Shibarium’s New Checkpoint Mechanism Cuts Ethereum Bridging Time
[May 30, 2024 12:02 PM] The Shiba Inu (SHIB) network development team has dramatically improved the Shibarium network, according to a post from the Shibarium network’s X account. The work reduces the token bridging time to Ethereum from seven days to roughly 45 minutes…
Blackrock’s IBIT and Fidelity’s FBTC Drive $28M Inflows for US Bitcoin ETFs
[May 30, 2024 11:33 AM] On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) continued their streak of positive gains, collecting $28.3 million in inflows. This marks the 12th consecutive day of positive inflows for U.S. bitcoin ETFs. Blackrock’s IBIT Tops…
Terraform Labs, Do Kwon Reach Preliminary Settlement With SEC
[May 30, 2024 10:43 AM] Singapore-based Terraform Labs and its founder Do Kwon have reportedly reached a preliminary settlement with the U.S. Securities and Exchange Commission (SEC) after being accused of misleading cryptocurrency investors before the 2022 collapse of…
Iconic Auto Brand DeLorean Partners With Web3 Agency Otherlife to Launch Digital Marketplace
Exclusive: Joe Lubin unpacks SEC battle, Ethereum roadmap and Vitalik Buterin
[May 30, 2024 8:30 AM] Consensys CEO Joe Lubin explains why the firm is taking legal action against the SEC, discusses Ethereum’s roadmap and the importance of Vitalik Buterin's continued involvement.
Marketnode Secures Series A Funding Led by Financial Services Giant HSBC
[May 30, 2024 8:10 AM] On Thursday, Singapore’s Marketnode, a digital market infrastructure operator, secured funding for its Series A financing round led by HSBC, the British multinational universal bank and financial services group. The exact amount raised during…