Thu, November 14

Sam Altman Led Worldcoin Postpones WLD Grant Redemption Date

Notable update has emerged from Sam Altman’s co-founding company, Worldcoin, as they have decided to postpone the redemption date for WLD Grant Reservations. The project’s native cryptocurrency, WLD, shot up in price today, surpassing the $2 mark, thanks in large part to this update. The Worldcoin Foundation recently announced a

July 11, 2024 2 mins read

Investors Await U.S. CPI Data to Gauge Fed’s Interest Rate Stance

On Thursday, July 11, the crypto market players are anticipating the publication of the U.S. Consumer Price Index (CPI) statistics with great anticipation. Crucial inflation statistics may set the tone for the Fed’s future position with their policy rate plans, therefore the whole financial market will closely monitor it. Everyone

July 10, 2024 2 mins read

Bank of Italy Prepares to Unveil MiCA Regulation Application Guidelines

On Tuesday, July 9, Bank of Italy Governor Fabio Panetta said that direction on the application of impending European Union crypto regulations would be published “in the coming days” by the central bank of Italy. A transcript of Panetta’s address to the Italian Banking Association on July 9 states that

July 10, 2024 2 mins read

Is Huione Guarantee Enabling Money Laundering on Large Scale?

Blockchain analytics firm Elliptic has released a report accusing the Cambodia-based marketplace Huione Guarantee of enabling money laundering and other illicit activities. Since its inception in 2021, crypto wallets associated with Huione Guarantee and its independent merchants have reportedly received over $11 billion, which is suspected of involving fraudulent transactions.

July 10, 2024 2 mins read

Standard Chartered’s Zodia Markets Set to Acquire Elwood Capital

Zodia Markets, a cryptocurrency subsidiary of Standard Chartered, is reportedly on the verge of acquiring Elwood Capital Management. This move signifies the growing intersection of traditional banking and the burgeoning crypto sector. The parties have not officially confirmed the deal. Yet, the acquisition is anticipated to be finalized by the

July 10, 2024 2 mins read

PayPal’s PYUSD Stablecoin Surpasses $500 Million in Market Cap

Launched via a cooperation with custodian company Paxos in August 2023, PayPal’s USD-pegged stablecoin PYUSD has had its market supply surpass 500 million tokens. By the end of 2023, PYUSD’s supply had grown to 230 million after its launch. According to statistics compiled by DeFiLlama, the total quantity of stablecoins

July 9, 2024 1 min read

Argentina Witnesses Surge in Crypto Adoption Amid Soaring Inflation

Coinciding with a meteoric rise in inflation, crypto popularity in Argentina has reached new heights. According to researchers from Forbes, Argentina has been dominating the Western hemisphere in crypto adoption with an annual inflation rate of 276%. According to a Forbes report from July 8, experts found that among Western

July 9, 2024 1 min read

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