In an effort to improve the reliability of single-currency stablecoins, Singapore’s central bank, the Monetary Authority of Singapore (MAS), issued new guidelines on August 15. For single-currency stablecoins having a circulation value of more than S$5 million tied to the Singapore Dollar or any fiat of the G10 nations, the
August 15, 2023 2 mins read
In light of the current Onchain Summer initiative, Coinbase CEO Brian Armstrong has called attention to usability difficulties in the Coinbase app for NFTs, Dapps, and L2. Armstrong’s tweet acknowledged the platform’s flaws and called for better experiences for users. Over the course of many weeks, Onchain Summer celebrates Base-based
August 14, 2023 1 min read
In a recent filing, Celsius Network said that its app will be discontinued. Celsius, which debuted in 2017, has been mired in financial and legal disputes as of late. Despite these difficulties, the corporation is beginning to see the light as it prepares to become a new organization known as
August 14, 2023 1 min read
Curve Finance, a decentralized finance (DeFi) protocol, has announced that it would pay consumers who were affected by the recent attack that resulted in $62 million in losses. An official Twitter account said that continuing investigations were providing positive results, with almost 79% of the monies recovered so far. The
August 12, 2023 1 min read
Custodia stated on Friday that it is now taking deposits in U.S. dollars from clients in certain locations and will shortly begin providing Bitcoin custody services. The crypto-friendly bank is now offering services for US government money market funds to its clients. CEO of Custodia, Caitlin Long argues that banks,
August 12, 2023 1 min read
On Friday, Sam Altman’s Worldcoin announced a new feature that would enable anybody to reserve Worldcoin (WLD) tokens without first proving their identity. Due to privacy and security concerns, the crypto industry was initially reluctant to support Worldcoin, despite the company’s stated goal of creating the largest identification and financial
August 11, 2023 2 mins read
The number of daily active users on Coinbase’s layer 2 blockchain has surpassed 100,000 only one day after the network’s formal debut. On August 10, the day after its public debut, Dune Analytics recorded more than 136,000 daily users, the highest daily figure to date. Base has been available for
August 11, 2023 1 min read
Since Ripple’s significant partial victory against the U.S SEC coincided with the exchanges relisting the currency, XRP’s value and adoption have increased. It would seem that the victory against the SEC has had no lasting effect since the prices have lost about 35% of the initial gains they made. According
August 9, 2023 2 mins read
The results for the second quarter of 2023 for crypto mining company Marathon Digital fell short of analyst forecasts for both profit and revenue. Revenues of $81.8 million were announced for Q2 2023 by Marathon on August 8, below the Zacks Investment Research forecast of $83.2 million. The crypto miner
August 9, 2023 1 min read
On Monday, Kraken, a cryptocurrency exchange, began trading in MOON and BRICK tokens, the native currencies of two Reddit groups. CMC reports that the value of r/CryptoCurrency (Moon) has climbed by 42% in the last day to $0.42, while the value of r/FortNiteBR Bricks (Brick) has increased by 117% to
August 8, 2023 2 mins read