Thu, October 8

Circle Launches Euro-Backed Stablecoin EURC on Base Network

The USDC stablecoin issuer Circle, has announced launch of EURC, its first euro-backed stablecoin, on Base, a layer 2 blockchain. Developers are being incentivized to create a digital currency backed by the euro in an attempt to facilitate quicker and cheaper transactions for people all around the world. It is

July 9, 2024 2 mins read

Nuant Launches Advanced Digital Asset Management Platform

For funds, VCs, investors in digital assets, and cryptocurrency firms, today represents a major breakthrough. After a year of careful planning, partnerships, and extensive testing, Nuant is thrilled to present the release of its cutting-edge platform for managing portfolios of digital assets and creating cutting-edge strategies. A complete 360-degree intelligence

July 9, 2024 3 mins read

US Senate Urges Blockchain Testing for National Security

The US Senate Committee on Armed Services has directed the Department of Defense to explore blockchain technology for enhancing national security, particularly in supply chain management. This move comes as part of the fiscal year 2025 National Defense Authorization Act (NDAA), highlighting blockchain’s potential to support data integrity and combat

July 9, 2024 1 min read

US House Set to Overturn Biden’s Veto of SAB 121 Tomorrow

The US House of Representatives is poised for a critical vote this week with substantial implications for the crypto industry. Lawmakers will decide whether to overturn President Joe Biden’s veto of a bill aimed at eliminating the SEC’s Staff Accounting Bulletin (SAB) 121. This bulletin mandates that companies offering crypto

July 9, 2024 1 min read

MetaMask Launches Delegation Toolkit for Improved Web3 Access

Consensys-based Wallet support and Web3 firm MetaMask released its new toolkit at the EthCC event on July 9. The company aims to simplify the developer process within Web3 and to enhance user experience in DApps. The entire Web3 community is working towards bringing the technology into the mainstream on a

July 9, 2024 2 mins read

What Can Traders Look Forward To As the Market Slowly Revive?

The cryptocurrency market has been grappling with bearish sentiment since late June, pushing Bitcoin to a five-month low below $54,000 and Ethereum to a two-month low under $2,820 last week. The global market cap dipped below $2 trillion, and many altcoins hit yearly lows with significant double-digit declines. In the

July 9, 2024 2 mins read

Doja Cat’s Account Compromised in Solana Memecoin Scam

In a recent wave of high-profile hacks, American rapper and singer Doja Cat’s Twitter account was hacked to promote a Solana-based meme coin. The hack began at 7:15 PM ET on Monday, with the account’s profile picture and description removed. And over two dozen tweets posted, urging followers to “buy

July 9, 2024 2 mins read

BlackRock’s BUIDL Fund Hits $500M in Market Value

BlackRock’s BUIDL token, created in partnership with Securitize and backed by U.S. Treasuries, has exceeded a market value of $500 million. Ethereum blockchain data from Etherscan confirmed the milestone on Monday. BUIDL token was introduced in mid-March and rapidly accumulated $502.8 million in tokenized treasuries within four months. This significant

July 9, 2024 2 mins read

Bybit Launches Pre-Market Trading for Hamster Kombat Token (HMSTR)

Bybit, a crypto exchange, is showing its backing for new projects on The Open Network (TON). By allowing pre-market trading of the token for the world record-breaking game Hamster Kombat. On July 8, Bybit made an official announcement about the launching of the Hamster Kombat (HMSTR) token on its Bybit

July 8, 2024 2 mins read

Digital Asset Investments Soar as Bitcoin Dominates Amid Price Dip

In the last week, digital asset investment products saw inflows of $441 million, according to a new report from CoinShares. The report from July 8th also mentioned a $398 million influx into Bitcoin investment products. Investors’ purchasing sprees were likely caused by the lower Bitcoin prices, activity from Mt. Gox,

July 8, 2024 1 min read