Circle, the operator of USDC, one of the biggest stablecoins by market cap, has launched USDC as a native asset on top of the Flow blockchain. Flow is a blockchain project made to host NFT and game-based initiatives, aiming for low fees and a high volume of transactions. With this launch, USDC aims to keep expanding its reach to more…
A chunk of the inactive Bitcoins (BTC) stolen in the 2016 Bitfinex exchange hack has moved from the hacker’s wallets to an unknown wallet on Tuesday, as detected by blockchain analytics bot Whale Alerts. 20 transactions involving the stolen Bitcoins were flagged. A sum of 64,641.29 BTC, worth almost $2.5 billion at the time of writing, was moved. This is…
Meta, formerly branded as Facebook, has officially announced the closure of its digital currency project Diem after years of major efforts to move forward with the initiative. Announcing the news on Monday, Diem CEO Stuart Levey confirmed that Meta is selling intellectual property and other assets related to the Diem stablecoin project to its Silvergate Capital Corporation. The Diem Association…
Bitcoin (BTC) is retaking market share from altcoins after its market cap dominance hit its highest since November 2021 last week. Data from CoinMarketCap and TradingView reveals BTC briefly accounted for over 42% of the overall crypto market cap in late January. Bitcoin claws back market cap presence Having suffered on the way down from its all-time price highs in…
Fidelity, the multinational brokerage giant, released a paper on Bitcoin (BTC) titled Bitcoin First. The financial services provider calls for BTC to be treated separately from the rest of the digital assets. The paper argued that BTC is fundamentally different from the hundreds of other digital assets trading in the market and no other digital asset is likely to overtake…
Binance, the world’s leading crypto exchange by trading volume, announced its Secure Asset Fund for Users (SAFU) reached a $1 billion valuation. The user protection insurance fund was set up in July 2018 to protect users’ interests. Binance committed a portion of the trading fee towards SAFU and began allocating 10% towards the funds. The crypto exchange also revealed the…
In a speech discussing the budget for 2022, Indian finance minister Nirmala Sitharaman announced the launch of a central bank digital currency (CBDC) by 2022-23 as means to boost the country’s economic growth. Sitharaman highlighted the need for digital inclusion across numerous business verticals while announcing the fund allocation set in the Union Budget. Speaking about the launch of a…
Binance has announced one of its trademark features, the SAFU fund, has reached a milestone in its development. The SAFU fund, an acronym that stands for “Secure Asset Fund for Users,” has reached the amount of one billion dollars, securing the funds of users in case of a hacking emergency. The exchange, which is one of the pioneers in the…
press release PRESS RELEASE. GensoKishi is pleased to announce that the MV (Metaverse) token has been listed on QuickSwap (a decentralized exchange) at 10:00 UTC on January 29, 2022. GENSOKISHI Online, is a GameFi project that evolves from an award winning Nintendo Switch/PS4 game called “Elemental Knights”, that has been vigorously played for 13 years and has accumulated a total…
New research has found that the annual transaction volume on the Bitcoin network surpassed that of some well-known card networks, such as American Express (AmEx) and Discover, during 2021. The NYDIG Research Weekly’s Jan. 29 report stated that Bitcoin processed $3 trillion worth of payments during 2021, placing it above popular credit card networks American Express ($1.3 trillion) and Discover…
