Crypto trading has created nouveau riche millionaires overnight; BTC’s return is up 44.67% year-to-date (YTD), while several cryptocurrencies, such as the $PEPE meme coin, have gained over 560% within the past year. Although impressive, these figures are merely a fraction of the returns traders have generated during crypto market bull
The GHO stablecoin, managed by Aave’s decentralized autonomous organization, is set to be launched on the Arbitrum blockchain as part of its “cross-chain expansion strategy.” Reportedly, the multi-collateralized stablecoin that is native to the Aave Protocol will use the widely used Chainlink Cross-Chain Interoperability Protocol (CCIP) and will be released
The USDT stablecoin’s issuer, Tether, has teamed up with BTguru, a cryptocurrency startup based in Turkey. With the help of a memorandum of understanding (MoU), these two organizations have joined forces to increase blockchain and digital assets’ use in Turkey. Educational program development and new business channel exploration in the
For its case against the SEC, a U.S. court has approved Consensys’s request for a fast-track hearing. More regulatory clarification for the crypto industry has been sought, and the deadline has been brought closer as a result. In April, when the SEC issued a Wells Notice designating Ethereum as a
According to a Monday report by crypto firm CoinShares, professional investors pulled out more than $120 million from exchange-traded instruments that tracked ether (ETH) over the previous two weeks. Over the last two weeks, the products have had net outflows of $60 million each week. Which is the highest level
The Bahamian government has established a two-year deadline to incorporate the “Sand Dollar,” the country’s central bank digital currency (CBDC), into the activities of commercial banks in an effort to increase its acceptance. All commercial banks must allow their customers access to the CBDC, and Governor John Rolle of the
The second largest meme coin Shiba Inu (SHIB) is endorsed as a payment method by the US-based public firm Kronos Advanced Technologies (KNOS) for purchasing air purifiers. The news was disclosed in the company’s June filing with the U.S. Securities and Exchange Commission (SEC). Reportedly, there are 1.38 million SHIB
Cardano (ADA) co-founder Charles Hoskinson has voiced his disapproval of the current US administration’s stance on cryptocurrencies. He says that the crypto community has a crucial chance to strategically influence policy with their votes in the next elections. The negative impact of President Joe Biden’s policies on the crypto sector
Circle CEO and co-founder Jeremy Allaire made the announcement on July 1 that the company has become the first EU stablecoin issuer to get regulatory clearance under the new Markets in Crypto-Assets (MiCA) framework. To allay concerns that investors may be forced to liquidate their stablecoins or move their money
In Monday’s most recent burn event, crypto exchange, Binance, burnt 1.7 billion Terra Luna Classic (LUNC) tokens. The exchange has burnt over 62 billion LUNC so far, after the 23rd batch of the LUNC burn mechanism. According to the burn transaction that took place on July 1, Binance burnt 1.7
