Galaxy’s investments were $753.9 million at the time of the report. Non-algorithmic stablecoins accounted for $256.2 million. This has been a difficult year for Galaxy Digital. The Digital asset management and investment giant posted a net comprehensive loss of $554.7 million in the second quarter on Monday, a whopping three-fold
The platform’s decision was attributed to current market circumstances. Hodlnaut apparently had $187 million in TerraUSD [UST]. Aside from Terra’s demise, a number of other crypto lenders filed for bankruptcy after suspending withdrawals. Cryptocurrency lenders like Three Arrows Capital and others have recently gone under, but a Singapore crypto firm
DLT networks may have a significant impact on the amount of energy used by assets. Energy-efficient contactless payments might be implemented for CBDCs. An IMF research report on how DLT-based payment systems might have a lower energy and environmental impact than current methods was tweeted by Binance CEO Changpeng Zhao
Over the last 7 days, AVAX has increased in price by more than 30%. Robinhood’s chief product officer Aparna Chennapragada has left the company. Avalanche (AVAX) and Stellar (XLM) were added to the Robinhood cryptocurrency exchange’s list on Monday. Cryptocurrencies like Shiba Inu (SHIB) and Chainlink (LINK) have recently been
Geeq, a multi-blockchain platform, has obtained a $25 million investment from Global Emerging Market, an alternative investment group. Using Geeq’s solutions, blockchain technology may be made more accessible to a wider audience. Unlike standard fundraising rounds, Geeq’s funding is dependent on its performance. According to the company, their platform may
All the altcoins are expected to join the bull trend with the increase in BTC. The listed coins are all in the top 50 ranks as per the CMC. The five tokens that crypto investors should watch this week are BTC, FLOW, THETA, QNT, and MKR. The direct proportionality of
Surfing, bitcoin, and crime reduction were responsible for the country’s tourism comeback. Compared to 2019 Salvador’s tourism revenue increased by 6%. The president of El Salvador, Nayib Bukele, expressed his views on the rise in tourism-related revenue in the country and advocated for the introduction of bitcoin (BTC) as legal
Over the last few years, the term “DApps,” or decentralized applications, has gained popularity in the cryptocurrency community. In layman’s terms, a “dApp” is a blockchain-based program that operates on a decentralized network and utilizes the network’s resources. Open source code, no single point of failure, and a decentralized consensus
Coca-Cola launched new NFTs collections on August 8 on the eve of International Friendship Day 2022 built on the Polygon Blockchain which is an Ethereum scaling solution that was recently named among the six companies selected for the 2022 Disney Accelerator program. And NFTs were created by Tafi, a digital
In December of 2021, there were 2.5 million wallets in circulation. DataStudio’s estimates, that the population had grown by one million to 3,500,565. There are now over 3.5 million Cardano wallets in use, which is a significant milestone for the blockchain. The number of Cardano wallets has increased significantly in
