On Thursday, Circle’s CEO Jeremy Allaire announced that the company has launched a new stablecoin pegged to the value of the euro (EUR). Allaire said that the new EUROC token is now live on the Ethereum network and will be “available to mint and redeem on June 30th.” Circle Launches EUROC Circle has announced the launch of the company’s second…
In brief Christine Brown, formerly COO of Robinhood Crypto, told Decrypt that Dogecoin helped buyers overcome the “emotional barrier” to cryptocurrency. Brown, now COO and co-founder of NFT startup Floor, appeared on the latest episode of Decrypt’s gm podcast. When meme cryptocurrency Dogecoin skyrocketed in price early last year, vaulting from less than a penny to a high above $0.73,…
On Thursday, ZachXBT, a cyber detective in the decentralized finance, or DeFi, realm, accused prominent Taiwanese musician and blockchain personality Jeff Huang, also known as Machi Big Brother, of misconduct in 10 different cryptocurrency projects. Machi Big Brother is known outside of Taiwan as an avid collector of Bored Ape Yacht Club nonfungible tokens and possessed a collection worth an…
Nico Antuna Cooper is a university lecturer and works in the borderland. He witnesses the cultural opportunities of Bitcoin in both Latin America and the United States on a daily basis. Inflation is reaching a level so high that even mainstream news sites care now. Across the board, the average American is seeing an increase in prices in almost everything.…
Crypto traders had a brief opportunity to pause and take stock of where things are on June 16 as the relentless selling that has hammered Bitcoin (BTC) and the wider market over the past week began to relent despite an ongoing sell-off in the traditional markets. Data from Cointelegraph Markets Pro and TradingView shows that after climbing to a high…
Cryptocurrencies and the stock market have been hammered by deteriorating economic conditions so far this year, between a recession potentially looming, sky-high inflation and a Federal Reserve that’s poised to further cool down the economy by raising interest rates. The worsening outlook towards the economy has led companies to cut back on hiring or shrink operations in an attempt to…
Venture firm Three Arrows Capital (3AC) has reportedly failed to meet margin calls from its lenders, raising the spectre of insolvency after this week’s crypto market collapse triggered unforeseen liquidations for the Singapore-based company. Crypto lender BlockFi was among the firms to liquidate at least some of 3AC’s positions, according to the Financial Times. Citing people familiar with the matter,…
United States Securities and Exchange Commission (SEC) commissioner Hester Peirce, sometimes known as Crypto Mom for her ardent support of the industry, spoke Tuesday at a conference hosted by the conservative-libertarian Federalist Society titled “Regulating the New Crypto Ecosystem: Necessary Regulation or Crippling Future Innovation?” Her lengthy remarks – over 4,00 words in the prepared version, which was augmented extemporaneously…
A new report published on Tuesday by French IT services and consulting multinational Capgemini suggests that 71% of 2,973 high net worth individuals (HNWIs) polled globally have invested in digital assets. For the purposes of its “World Wealth Report,” Capgemini defined HNWIs as millionaires. Of those polled, 54% had a net worth of under $30 million and the remaining 46%…
In the summer of 2021, the Chinese government banned Bitcoin (BTC) mining and cited the typical concerns of harmful environmental effects and money laundering. Now, the Chinese government is working toward establishing its own digital yuan currency. This raises the question as to whether the original reasoning was merely a Trojan horse. This ban could easily have been a huge…
