Circle CEO Jeremy Allaire said that a whopping 70% of USDC adoption comes from outside the United States. “Despite the hype that we’re all about the US, we estimate that 70% of USDC adoption is non-US,” he tweeted, adding that “some of the fastest growing areas are emerging and developing markets.” “Strong progress is happening across Asia, LatAm, and Africa,”…
Brazilian central bank digital currency (CBDC), previously commonly referred to as “digital real”, gets its official brand name. It would be called Drex. On August 7, the Central Bank of Brazil issued a press release, revealing and explaining the new brand for its CBDC. Developed by the Central Bank, the brand “Drex” is an acronym: ““D” and “r” allude to…
Digital art and NFTs have transcended the confines of the metaverse–or they hope to very soon. Edward Zipco, the founder of Superchief Gallery, which opened in Manhattan in March 2021, is working to speed the process up. During the EthCC event held in Paris in July, he unveiled his plan to create a global network of 50 physical NFT galleries,…
Cryptocurrency exchange Binance released its latest proof-of-reserves (PoR) on Aug. 1, offering transparency into its crypto reserves. However, the movement of its USDC reserves at the time of Silvergte’s collapse caught many people’s attention and became a topic of discussion on X. The latest reserve audit suggests Binance holds more than enough crypto and cash to cover the user funds.…
Bitcoin (BTC) recovered above $29,000 into Aug. 8 as one trader eyed a potential breakout already underway. BTC/USD 1-hour chart. Source: TradingView BTC price teases falling wedge breakout Data from Cointelegraph Markets Pro and TradingView followed a modest BTC price rebound after it set local lows of $28,670. Still in a tight range, Bitcoin largely followed United States equities during…
Proponents say PayPal’s PYUSD could see Ethereum become the money layer of the internet, while opponents argue that it’ll act like a poorly designed central ban… Source: https://cointelegraph.com/public/index.php/news/paypal-usd-boon-for-ethereum-but-not-decentralization-says-community
Bitstamp, one of the world’s longest-running cryptocurrency exchanges, is moving forward with its global expansion ambitions, reportedly working to raise new funds to scale the operations. Crypto exchange Bitstamp started the fundraising process in late June, with Michael Novogratz’s Galaxy Digital Holdings acting as an adviser, Bloomberg reported on Aug. 7. The firm plans to use the raised capital for…
Less than 16 hours have passed since the launch of PayPal’s new stablecoin (PYUSD), and opportunists, degens and potential scammers are already attempting to cash in on the hype with their own copycat tokens. According to data from decentralized exchange scanner DexScreener, nearly 30 new token pairs sporting the ticker “PYUSD” have cropped up in the 16 hours since the…
Artificial intelligence firm OpenAI has launched “GPTBot” — its new web crawling tool which it says could potentially be used to improve future ChatGPT models. “Web pages crawled with the GPTBot user agent may potentially be used to improve future models,” OpenAI said in a new blog post, adding it could improve accuracy and expand the capabilities of future iterations.…
Circle CEO Jeremy Allaire estimates as much as 70% of USD Coin (USDC) adoption comes from countries outside of the United States. On Aug. 8 tweet to his 131,300 followers on X (Twitter), Allaire said the high rate of non-U.S. adoption was “despite the hype that we’re all about the US,” adding: “We estimate that 70% of USDC adoption is…
