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Coinbase’s transaction revenue has decreased by 44% from the second quarter. Transaction revenue had dropped from $655.2M in the second quarter to $365.9M. Coinbase, the US-based cryptocurrency exchange platform’s transaction revenues, dramatically decreased in the third quarter amid the global crypto market collapse. On Thursday, Coinbase (COIN) stated that the
LUNC failed to support the algorithmic stablecoin (USTC) to peg the $ 1 value. The accusation of “price manipulation” is backed by the message conversation. Terra’s co-founder Do-Kwon is constantly under the radar of many international agencies since the historical fall of the cryptocurrencies, LUNA (now LUNC), and USTC. Both
A blockchain network is trustless and requires no personal interaction between participants. A distributed ledger ensures that all nodes in the network have access to the same data. There will be widespread disapproval of a member’s ledger if it has been tampered with or corrupted by other users on the
Amit shah stated that the amount of drug smuggling cases has increased by 152% between 2006-2022. According to ANI, more than 13 tons of drugs was seized in the presence of the Shah. Amit Shah, the union home minister of India, alleged that the volume of drugs being smuggled through
JP Morgan giant using Polygon and modified Aave for live trade. SBI Digital Assets tokenized Japanese yen (JPY) assets. JP Morgan, the global leader in financial services, completed its first live cross-border transaction on a public blockchain using decentralized finance (DeFi). The trade was executed on the Ethereum layer-2 network
Instagram users will soon be able to mint and sell the polygon powerd NFTs. In May, Meta began testing the Instagram collectibles features by allowing some US users to share their NFTs. Instagram has announced that users will soon be able to site, mint, showcase, and sell digital collectibles like
The CBDC pilot programme at India’s central bank began earlier today. The RBI has released the digital rupee, commonly known as the e-rupee. Although cryptocurrency is not permitted on Indian soil, Central Bank Digital Currency (CBDC) has been met with official support. The Reserve Bank of India (RBI) said in
Binance first made its intentions to support Musk’s purchase of Twitter known in an SEC filing in May of this year. Musk reportedly sealed the deal to acquire Twitter for $44 billion late on Thursday. Binance, the biggest cryptocurrency exchange in the world, stated that it has invested shares in
El Salvador plans to build a “Bitcoin office” in Lugano. Tether has launched a project dubbed “Plan B” to turn Lugano into a crypto center. A memorandum of understanding on economic cooperation between El Salvador and the city of Lugano, Switzerland, was signed with the goal of increasing Bitcoin use
CZ pledged to support the offer when it was made public in April. Earlier this year, Musk discussed with other cryptocurrency billionaires how they may decentralize Twitter. Binance is most likely to honor its commitment to contribute $500 million to Elon Musk’s attempt to acquire Twitter for $54.20 a share.
