After its reserves of DAI were depleted, the value of the polygon-based stablecoin Real USD (USDR), which is backed by real estate holdings, plummeted to almost $0.51 within a few hours yesterday. On-chain data revealed by USDR’s creator, Tangible DAO, shows that the treasury has no DAI and that the
Bitcoin (BTC) has experienced a significant downturn, marking its fourth consecutive day of losses. The world’s largest digital asset by market value fell below $26,600, a level not seen since the beginning of October. Several factors have contributed to this decline, including concerns related to the ongoing conflict in the
It’s often stated that Web3 technologies such as blockchain, cryptocurrency, NFTs, and smart contracts will revolutionize just about every industry on the planet, but for all of the belief, there is little sign that this will happen soon. One of the major obstacles in the path of glory for Web3
Coins.ph is a leading cryptocurrency exchange and digital wallet service in the Philippines, and on October 10th, Circle announced a strategic relationship with them. With this new cooperation, Circle, the issuer of the USDC stablecoin, will be able to expand its operations in the Philippines. Coins.ph and Circle have announced
The CR7 ForeverZone, the third NFT collection from Cristiano Ronaldo and Binance, offers fans across the globe cutting-edge and exclusive opportunities to connect and interact with one of the greatest athletes of all time. This is the most recent step in Ronaldo and Binance’s continuous collaboration, which aims to transform
On-chain analyst Lookonchain recently tracked two wallets withdrawing a combined 33.9 million USDT stablecoins from Circle and depositing them to major U.S. exchange Kraken. While the entity behind the wallets is unknown, Lookonchain suspects the same institution controls both addresses based on the precise timing of the USDT transfers. The
Building the world’s largest Decentralized Physical Infrastructure Network (DePIN) for AI is what Decentralized cloud service io.net has declared as its ultimate objective. Io.net seeks to address the lack of GPUs for AI processing by obtaining one million GPUs from independent suppliers of computing resources. In the process, it will create the first
According to Bobby Zagotta, CEO of Bitstamp USA and the company’s worldwide chief commercial officer, the cryptocurrency exchange Bitstamp intends to restart operations in Canada after suspending them early in 2024. Bitstamp has stated in a statement that it will stop serving Canadian clients as of January 8, 2024. Moreover,
On-chain data suggests that Ethereum whales are showing resilience in the face of heavy selling pressure. According to the available data, the top 10 Ethereum whales have amassed an incredible 40 million ETH in the last few days. Santiment, an on-chain data source, noted that the wealthiest Ethereum wallet addresses
With the growth of Amazon Web Services’ startup accelerator programs, the Web3 gaming platform Immutable has teamed with AWS to increase its choices for game makers. In a blog post published on October 10th, Immutable announced that Amazon Web Services (AWS) has accepted the company into its ISV (independent software
