Yuga Labs, the parent company of Bored Ape Yacht Club (BAYC) have successfully winded up the TwelveFold auction. The total number of successful bidders was 288 with an amount of $16.5 million. The bids were made in BTC and the whole process of bidding created controversies in the crypto market.
The world’s significant crypto exchange, Bybit, revealed the launch of the “Bybit Card”. The debit card allows users to make payments and withdraw cash using cryptocurrency holdings. And is powered by the world’s second credit card giant, Mastercard network, and issued by Moorwand, a London-based payments solutions provider. Bybit co-founder
Shibarium, the layer-2 scalability solution and one of the most highly awaited projects of the Shiba Inu ecosystem, doesn’t yet have a release date, but a lot of developers have already begun building it and saying they will launch it on the platform. DogPad Finance, a launchpad ecosystem, is the
According to a report by Bloomberg, Babel Finance, a crypto lending platform located in Hong Kong, wants to develop a decentralized stablecoin that will be used to repay the firm’s debtors. Babel co-founder Yang Zho is now the company’s sole director. He is at the heart of the restructuring efforts.
The U.S. dollar turned slightly up today as traders and investors await the Federal Reserve Chair Jerome Powell’s testimony ahead of the last week’s jobs report, which will probably determine how much further the U.S. central bank raises interest rates. According to the Federal Reserve government report, Fed Chairman Jerome
Many major coins have seen significant gains so far in 2023, which has been a great start for the cryptocurrency market. However, the crypto market has fallen off as we move into the week of March 6. Here are the cryptocurrencies to watch for this week. Synthetix (SNX) The ongoing
Tether made an announcement of coordinating with Binance to perform a chain swap. This is basically a conversion process of assets from the existing blockchain to another blockchain. Tether’s announcement had details of tokens in Tron shifted to Ethereum. In few minutes Tether will coordinate with Binance to perform a
The market capitalization of cryptocurrency is on the verge of falling below $1 trillion. The peak of the global market cap was witnessed on April 2022, with a $2.67 trillion measure. Further, post the downfall of the algorithmic stablecoin TerraUSD and its sister coin LUNA on May 2022, the market
On Saturday, the value of Lido’s LDO token dropped by 10% on speculation that the U.S. Securities and Exchange Commission (SEC) had issued a Wells Notice to the biggest Ethereum staking provider. Wells Notices are letters from the SEC outlining potential charges that might be filed against the receiver. After
Earlier today, PancakeSwap, a multichain Dex platform, announced the release of its third version, dubbed PancakeSwap v3. The application launch on Binance Smart Chain (BSC) is scheduled for the first week of April. Accessible via a streamlined interface, the updated software will provide users with a number of useful new
