FTX exchange plans to create stablecoin. FTX Token traded at $24.55 with a price surge of over 8% in the previous week. FTX one of the prominent cryptocurrency exchange CEO Sam Bankman-Fried stated, in a recent interview that the company is presently working to create a stablecoin. Stablecoin is known
The agency wants to reach out to the younger generation of people. Developers and investors in the metaverse have expressed optimism. The Norwegian government’s Bronnoysund Register Center has opened a virtual office in the metaverse of Second Life. This has been possible with the help of the accounting firm Ernst
Collectibles Marketplace Panini America Will Be Among the First Merchants to Support Its Customers with the New MATIC Payment Option ATLANTA–(BUSINESS WIRE)–BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, has announced support for Polygon and MATIC. Consumers can buy, store, swap and spend MATIC within the BitPay
Mahesh Ramanujam, renowned digital transformation leader, spearheads expansion of worldwide Rubix community through adoption and integration of first-of-its-kind innovative green blockchain. WASHINGTON–(BUSINESS WIRE)–Rubix Blockchain Pte Ltd (Rubix) announced today the appointment of a distinguished and diverse leadership team for its global business. Rubix is a next generation blockchain platform built
USN had been inadequately collateralized as per the NEAR Foundation. NEAR Protocol’s USN was an algorithmic stablecoin at launch but later switched. After exhibiting violent behaviors similar to those seen with TerraUSD, a cryptocurrency that dramatically crashed this year and cost investors billions of dollars, the NEAR Protocol stablecoin is
The creators of Ethereum NFTs have earned $1.8 billion in royalties from their creations’ secondary sales on exchanges like OpenSea, according to a new analysis published by Mike Novogratz’s Galaxy Digital. Researchers Sal Qadir and Gabe Parker from Galaxy Digital discovered that the average royalty charge for NFT writers on
Dream Assembly Base Camp first cohort consists of eight start-ups that are focused on shaping the future of Web3 luxury commerce The remote 12-week program is tailored to each start-up and will cover topics including luxury commerce, token design & economics, product roadmap, NFTs and community strategy Start-ups will have
In 2022, euro-denominated digital assets have gained in popularity and many experts believe that the formation of this new sector will against all odds become a cornerstone for the future economy. The stablecoin economy is worth roughly $150+ billion today, with euro-backed stablecoin issuance experiencing a drastic increase of 1,683%
Despite CEO Jamie Dimon’s criticism of Bitcoin and other cryptocurrencies as “decentralized Ponzi schemes,” the biggest investment bank in the world, JPMorgan has hired a new head of the digital assets regulatory policy division. According to Bloomberg Law, Aaron Iovine, who formerly worked in a similar role at the insolvent
Rising climate change concerns and high gas prices led young investors to lean into companies focused on building for a renewable energy future Investors across generations remain bullish on flagship cryptocurrencies DALLAS–(BUSINESS WIRE)–Apex Fintech Solutions (“Apex”), the fintech for fintechs powering innovation and the future of digital wealth management, today
