While the value of stablecoins like Tether (USDT) and USD Coin (USDC) is designed to be pegged to another asset, such as the U.S. dollar, the crypto industry has fretted for years about the possibility of a major depegging — especially amid U.S. regulatory concerns about Tether, which has a current market capitalization of over $63 …
Author archives: Adam Owen
USD Coin (USDC) Issued on Tron (TRX) Exceeds $100 Million
Over $100 million in USD Coin (USDC) has been issued on the Tron network According to Tronscan, USDC token supply on Tron currently stands at 108,308,353.05 USDC on Tron is now live across all Circle products including all accounts and APIs The amount of USD Coin (USDC) issued on the Tron (TRX) network has now …
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BSC, Polygon Eclipse Ethereum in Daily Transactions Due to Lower Fees
Binance Smart Chain and Polygon networks are continually eclipsing Ethereum in daily transaction count In mid-May, BSC had a peak daily transaction count of 12 million, Polygon had 9 million whereas Ethereum had roughly 1.75 million The majority of the daily transactions on these networks are happening through Dapps Binance Smart Chain and Polygon have …
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Novogratz: China’s Bitcoin (BTC) ban was a positive in many ways
In a recent interview, Galaxy Digital CEO Mike Novogratz said Bitcoin had shown resilience in the face of FUD coming out of China. In an attempt to spin the narrative, Novogratz said the events of the past few weeks have been “an amazing test.” Judging by Bitcoin’s defense of $29k so far, he may have …
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Techstars signs on Alphabit and Launchpool to start a crypto ‘accelerator’ in London
Global venture fund network Techstars announced a new crypto- and blockchain-focused accelerator program yesterday, as per a release. The program will run in partnership with Alphabit Fund, the first regulated cryptocurrency and digital asset investment fund, and Launchpool, a regulatory compliant investment platform that offers private seed guaranteed investment opportunities to its 35,000 member community. …
Comments by U.S congressman show boomers don’t “get” crypto
U.S Congressman Bill Foster said laws should be passed allowing federal courts to identify crypto holders and reverse transactions if deemed necessary. Legacy invested boomers setting crypto policy doesn’t compute Foster made the remarks in commenting on calls for greater regulatory clarity on crypto, including taxation policy. Not only are they tinged with misconceptions, but …
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Centre to Expand USDC to Ten More Blockchains; Launches on Tron
Centre, the consortium behind the issuance of USD Coin (USDC), announced it will launch the popular asset on 10 more blockchains. This would expand the reach of USDC to other environments and could make it more popular as a commercial and staking currency. While Centre made the announcement only recently, USDC surprisingly launched on Tron …
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Elon Musk Tweet Sends New Baby Doge Coin Soaring — Meme Token’s Daily Gains Jump 228%
While dogecoin and the ERC20 token shiba inu have surprised the masses with phenomenal gains this year, another dog token has entered the fray. A coin project called “Baby Doge” has risen 228.3% during the last 24 hours and even more so after Tesla’s CEO Elon Musk tweeted about the crypto asset. Another Canine Crypto …
Financial Advisor Survey: 26% Plan to Recommend Cryptocurrencies Over Next 12 Months
A recent survey of financial advisors and their investing strategies shows “a significant shift to embracing cryptocurrencies.” More than 26% indicated that they plan to increase their recommendation of cryptocurrencies over the next 12 months. Furthermore, 49% of advisers said that clients have asked them about investing in cryptocurrencies in the last six months. Financial …
Blockchain Goes Green: Signum – the Truly Sustainable Blockchain Steps Into the Light
sponsored Zürich, Switzerland, 1 July 2021 – Anyone with a green conscience can now join the crypto movement. The next generation and world’s first truly sustainable blockchain Signum is now live. As a fully integrated smart platform featuring multiple innovations, Signum is a one-stop solution to transfer, trade, and mine its native cryptocurrency Signa (ticker: …
Nigerian Currency Overvalued by 10% Says Central Bank Governor
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has reportedly told investors that the country’s currency is overvalued by 10%. The governor’s remarks, which have been confirmed by two unnamed sources, suggest that the central bank is planning to devalue the naira again. Another Naira Devaluation Loading As previously reported by Bitcoin.com …
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These Four Altcoins Have Massive Long-Term Potential, According to Crypto Trader Austin Arnold
Four mid-cap altcoins have “insane potential” over the long term according to Austin Arnold, a crypto trader and host of the popular outlet Altcoin Daily. First on Arnold’s list is the decentralized finance (DeFi) lending protocol Compound (COMP). The analyst cites the news that Compound Labs, the creator of Compound, has rolled out a new …
Elon Musk’s latest attempt to pump Dogecoin fails miserably
Dogecoin (DOGE) prices surged but did not skyrocket after receiving another endorsement from Tesla CEO Elon Musk on Twitter on July 1. The billionaire entrepreneur published a tweet at around 8:43 am UTC — a Godfather-themed meme that shows Marlon Brando’s iconic character, Don Vito Corleone, with the text “YOU COME TO ME AT RUNTIME …
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Bitcoin and Crypto Assets To Trigger Largest Redistribution of Wealth in History: Macro Guru Raoul Pal
Real Vision founder and macro analyst Raoul Pal says a historic transfer of wealth is coming as money flows out of legacy finance into Bitcoin and crypto assets. In a new interview with podcast host Natalie Brunell, the macro guru offers his perspective on the future of finance and says that crypto will lay the …
Socios partners with Turkish soccer club union to explore digital revenue models
The soccer world continues to seek out new revenue models amid the coronavirus pandemic, which saw the suspension of league matches in some countries, and new partnerships form to find sustainable answers in the digital space. Representing soccer clubs playing in the Süper Lig, Turkey’s primary soccer league, the Turkish Union of Clubs has partnered …
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