USDe was made available on Solana and became integrated with multiple Solana-based DEXs and DeFi protocols, including Kamino, Orca and Drift. Source: https://cointelegraph.com/news/ethena-labs-launches-solana-version-usde-stablecoin?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
Judge finds Ripple Labs liable for $125M penalty in SEC case
Ripple’s civil case with the SEC has been ongoing since December 2020, when the regulator alleged the blockchain firm used XRP as an unregistered security to raise funds. Source: https://cointelegraph.com/news/sec-ripple-labs-liable-civil-penalty?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
3 key Bitcoin price metrics highlight traders' lack of enthusiasm
Bitcoin price declines as stablecoin and futures market data show declining confidence among traders. Source: https://cointelegraph.com/news/3-key-bitcoin-price-metrics-highlight-traders-lack-of-enthusiasm?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Ripple to Pay $125 Million Fine for Unregistered XRP Sales
Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENE A New York court on Wednesday ordered fintech company Ripple to pay a $125 million fine in its lawsuit with the Securities and Exchange Commission. The civil penalty is significantly less than the $2 billion sought by the Securities and Exchange Commission. This is a developing story and will be updated as more information…
Economist Jim Rickards Highlights Gold’s Opportunity During Market Meltdowns
Jim Rickards, a U.S. economist and best-selling author of the book “Currency Wars,” has detailed the opportunity that gold presents during pronounced stock market drops. Rickards, who has predicted a tremendous rise in gold prices in the next two years, stated that strong hands expect gold to reach a bottom and jump in “with both […] Source: https://news.bitcoin.com/economist-jim-rickards-highlights-gold-movement-during-market-meltdowns/
How DePin is shaping the future of crypto — Polygon Labs exec
Real-world tokenized assets returned an average of roughly 213% this year, making the sector one of the highest-performing in the industry. Source: https://cointelegraph.com/news/how-depin-shaping-future-crypto-polygon-labs-exec?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin at Bottom or More Pain to Come? Experts Weigh In
Bitcoin’s 16% plunge to below $50,000 earlier this week has left investors and traders scrambling to make sense of the sudden shift in market dynamics. Many analysts tell Decrypt that the top cryptocurrency’s volatility presents opportunity, and most remain bullish in the long term. The recent crypto carnage comes amid heightened global economic uncertainty, with factors such as inflation concerns, geopolitical…
Cryptocurrency Market Volatility Rises as U.S. Stocks Turn Lower
The cryptocurrency market experienced a sharp downturn Wednesday afternoon as U.S. stocks reversed early gains, leading to heightened cryptocurrency market volatility. Bitcoin (BTC), which had shown promise earlier in the day, saw its price tumble as broader economic concerns weighed on both digital and traditional financial markets. This article examines the factors driving this latest bout of volatility and its…
What Happens to Digital Assets When You Die
As more people add digital assets like Bitcoin, Ethereum, and Solana to their portfolios, the question of cryptocurrency inheritance becomes increasingly relevant. Unlike traditional assets such as cash, property, or stocks, cryptocurrency presents unique challenges in estate planning. Without proper arrangements, your digital assets could be lost forever when you die. This article will explore what happens to your cryptocurrency…
Ethena Labs Expands USDE to Solana, Reveals Gradual SOL Integration
On Wednesday, Ethena Labs, the team responsible for the yield-bearing stablecoin project USDE, revealed its expansion to the Solana blockchain. This move brings USDE to the distributed ledger, with SOL now also being used as part of the stablecoin’s reserve backing. USDE Stablecoin Project Extends to Solana, Includes SOL Backing Despite witnessing redemptions totaling around […] Source: https://news.bitcoin.com/ethena-labs-expands-usde-to-solana-reveals-gradual-sol-integration/