Stablecoin usage lost steam amid the recent crypto market downturn. From peaking at nearly $2 billion on May 19, the daily transaction volume has fallen off its 2021 average by about 60%. The significant drop begs the question about stablecoin activity in the current market environment. Unsurprisingly, the two cryptocurrencies that remain in a tight …
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Bitcoin miners based in China now control less than 50% of the total BTC hash rate Hash rate originating within China is dropping as the government continues to crack down on Bitcoin mining The United States is the biggest beneficiary of the migration of mining away from China Bitcoin’s hash rate has also started to …
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Binance’s highly popular stock tokens, a relatively recent offering, are being wound down immediately. In an announcement published on Friday, the exchange announced that “effective immediately,” stock tokens are unavailable for purchase on Binance.com. As of October 14, 2021, at 7:55 pm UTC, the exchange will no longer support stock tokens at all. Existing stock …
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Brian Armstrong, co-founder and CEO of Nasdaq-listed cryptocurrency exchange Coinbase, took to Twitter to respond to a recent attack on crypto by Dogecoin (DOGE) co-creator Jackson Palmer. In a Twitter thread on Thursday, Armstrong pointed out some of the biggest benefits of cryptocurrencies like Bitcoin (BTC), stressing that crypto is “simply providing an alternative for …
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Much attention has been paid to the global, geopolitical implications of China’s rapid and pioneering development of its digital yuan, also provisionally known as e-CNY. Yet in a new white paper published by the Working Group on E-CNY Research and Development of the People’s Bank of China (PBoC), the institution gave a more domestic-focused and …
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Japan is strengthening its efforts to regulate digital currencies on a global scale, with related government authorities reportedly looking to expand staff to impose stricter rules. Japanese regulators have expressed fresh concerns over the massive growth of the cryptocurrency market, particularly cautioning against stablecoins, Reuters reported on Friday. Tokyo is willing to engage with global financial …
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Binance has announced that it will cease the purchase of stock tokens on its platform effective immediately Binance will no longer support stock tokens after October 14th, 2021 Holders of the stock tokens on Binance have until October 14th to sell them manually After which all token positions will be closed on October 15th Hodlers …
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ThorChain, a decentralized finance (DeFi) token swap protocol based on the Cosmos blockchain, lost roughly $4.8 million worth of Ethereum (ETH) from its liquidity pools to a hacker attack today. “During a live attack, the network has been halted. Approximately 4,000 ETH of value was extracted from the protocol. While the treasury has the funds …
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Doge, XRP, ADA take price hit while Bitcoin technicals show lack of buyer interest Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Edge › Bitcoin · Ethereum › Technical Analysis Bitcoin continues to range in a narrow price band while several large-cap altcoins fell by high …
A non-governmental organization (NGO), Save Tigray, has announced it will be using the proceeds from the sale of non-fungible tokens (NFTs) to support its goal of averting famine in Ethiopia’s war-torn Tigray region. According to Save Tigray, the NFTs, which are “based on interpreted photos of the tragedy,” will be sold on the charity organization’s …
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Authorities in Hong Kong have arrested four people suspected of money laundering a total of $155 million through cryptocurrency wallets and bank accounts. The city’s customs agency said this was its first case in which virtual money had been used to launder dirty cash. Money Laundering Syndicate Recycles $155 Million in Crypto and Fiat Transactions …
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Founded on July 1, 2014, Shapeshift has been offering global trading of a variety of digital assets for seven years. Following the company’s recent anniversary, it announced Shapeshift is evolving into a community-owned decentralized platform. Shapeshift founder Erik Voorhees explained in a blog post that the firm airdropped FOX tokens to over a million customers …
In a recent twitterstorm, Dogecoin founder co-founder Jordan Palmer stated he wouldn’t return to the cryptocurrency world. Palmer unleashed harsh criticisms of the cryptocurrency industry, calling it “hyper capitalistic,” and managed by “powerful cartels” of wealthy figures. Palmer created Dogecoin along with Billy Markus back in 2013 as a joke, making fun of the crypto …
High-profile crypto trader and analyst Michaël van de Poppe is charting Axie Infinity’s (AXS) path ahead, after the gaming asset skyrocketed over the past 30 days. Axie Infinity’s governance token AXS grew in price by over 800% in the past month, according to CoinGecko, as the blockchain-based trading and battling game became the the highest-grossing decentralized …
Coinbase continues to support new crypto projects at a rapid rate, with the addition of Clover Finance (CLV) on Coinbase Pro. Clover Finance is a blockchain operating system designed to bridge assets on various blockchains, making it easier to transact. The CLV token pays for transactions and enables votes for upgrades. ADVERTISEMENT Coinbase is …
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