Circle has announced that the USD Coin (USDC) stablecoin will be available on five additional blockchains. These blockchains include Arbitrum, Cosmos, NEAR, Optimism, and Polkadot. USDC support extends to five more blockchains According to Circle’s Chief Product Officer, Nikhil Chandhok, five additional blockchains will support USDC by early 2023. Chandhok made the announcement during the …
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Binance is halting support for several stablecoins including USD Coin (USDC). The effects of this move are already being felt, as seen in the USDC market cap, which has dropped slightly to around $48 billion. Binance halts support for several stablecoins Besides USDC, the other stablecoins that have also been affected by the announcement made …
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In a new announcement made by Meta, US-based Instagram and Facebook users can now connect their wallets to upload digital collectibles across the platform Users will also be able to cross-post digital collectibles simultaneously without any additional hassle. In a recent announcement made by Meta, Facebook’s parent company, US-based Instagram and Facebook users can now …
Warner Music Group will be partnering with OpenSea to allow artists to engage with their fanbase through NFTs. According to a Sept. 29 announcement, “select WMG artists” would be able to “build and extend their fan communities in web3.” The selected artists will be given access to a new “drops product,” receive increased visibility, as …
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NFT creators and collectors in the US can now connect their wallets to post the digital collectibles they own across Facebook and Instagram. Meta announced on Sept. 29 that the digital collectible feature is open to all US-based users. Other users in 100 countries across Africa, Asia-Pacific, and the Middle East can only access the feature …
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The Ethenity token, ERN, is up 170% on the day in anticipation of a big announcement during the upcoming Decentraland meet-up at the new Ethernal Labs HQ within the metaverse. Users on the official Ethernity Discord channel were bemused about why the token is pumping while the rest of the market falls. The conversations focused …
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Famed investor Stanley Druckenmiller said cryptocurrency could have a “big role” as people seek alternatives to fiat money. The comments came in a CNBC interview with host Joe Kernen in which the pair discussed the macro landscape, notably the Bank of England’s (BoE) sudden flip to quantitative easing. Bank of England under fire On September …
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Sub-saharan Africa recorded $100.6 billion worth of crypto transactions on-chain between July 2021 and June 2022, according to a Chainalysis report. While it represented a growth of 16% year-over-year, it accounted for only 2% of global crypto transactions — the lowest in the world. However, the latest Chainalysis report indicates that the region has some …
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Ooki DAO community members have commenced discussions to explore possible fundraising options to defend their case against the CFTC. The Commodity Futures Trading Commission (CFTC) had on Sept. 27 filed a lawsuit claiming that Ooki DAO’s leverage and margin trading services were illegal. Consequently, voting members of the DAO are considered liable to face sanctions …
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Lightning Labs has released the initial code for the Taro protocol that will allow developers to mint, send, and receive assets on the Bitcoin blockchain. The developers described the development as the first step toward “bitcoinizing the dollar.” The new code release would allow the community to test the code and give valuable feedback that …
While bitcoin is down more than 72% from the crypto asset’s all-time high, bitcoin mining operations are expanding at a rapid pace during the downturn. On Tuesday, the bitcoin miner Cleanspark said its hashrate has surpassed 4 exahash per second (EH/s), and the Texas mining company Rhodium revealed it raised $11.9 million, according to a …
Solana rose for a second straight day on Thursday, as the token moved closer to its long-term resistance point of $35.00. Monero was also in the green during today’s session, extending recent gains in the process. Overall, markets attempted to rebound, following a red wave which swept through markets to start the week. Solana (SOL) …
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Following the Bank of England explaining that it would be meddling in U.K. bond markets and the Bank of Japan defending the yen in the foreign exchange market last week, the Hong Kong Monetary Authority (HKMA) revealed it intervened in forex markets on Wednesday. Hong Kong’s central bank detailed that it interfered in forex markets …
Volatility in cryptocurrency markets remained high on Thursday, as markets began to consolidate following a recent red wave. Bitcoin was back above $19,000 in today’s session, with ethereum also rebounding following recent losses. As of writing, the global crypto market cap is up 2.43% Bitcoin Bitcoin (BTC) was trading higher on Thursday, as crypto markets …
Cryptocurrency mining should be allowed in areas with excess energy and prohibited in those that experience deficits, according to Russian officials preparing to legalize it. An expert from the crypto industry has recently marked the regions where Moscow is likely to authorize mining and the ones where it will probably ban the extraction of digital …
