Aave DAO Launches GHO Stablecoin on Arbitrum Network Aave DAO has introduced its multi-collateralized stablecoin, GHO, on the Arbitrum network. This move marks the first step in the DAO’s phased strategy for cross-chain expansion. Aave DAO Begins Cross-Chain Expansion With GHO on Arbitrum Aave DAO has launched GHO on Arbitrum, utilizing the Chainlink Cross-Chain Interoperability …
In June, the number of cryptocurrency automated teller machines (ATMs) saw a slight decline. However, installers added 377 new ATMs during the month. Since January 2024, data shows companies have deployed a total of 2,564 crypto ATMs globally. 2024 Sees Steady Rise in Crypto ATMs Despite June Dip At the end of 2022, there was …
Steady Growth of Crypto ATMs in 2024 Despite June Dip Read More »
Consensys Software has issued a statement addressing U.S. Securities and Exchange Commission (SEC) charges accusing the company of unregistered securities offerings through Metamask staking and swaps. Consensys contends the SEC’s actions are regulatory overreach and vows to defend its position in court, emphasizing the broader implications for the web3 ecosystem. Consensys Challenges SEC Charges On …
Consensys Challenges SEC Charges: Asserts Metamask is Beyond SEC Jurisdiction Read More »
The Central Bank of Bolivia has lifted its blanket ban on using Bitcoin and other cryptocurrencies in the NFS. This significant move opens the doors for integrating exchanges and other crypto service providers into the Bolivian economy. The institution has derogated a 2020 resolution that prohibited financial institutions from facilitating crypto-related payments. Central Bank of …
Central Bank of Bolivia Lifts Bitcoin Ban, Embracing Crypto in Financial System Read More »
According to a recent Kaiko report, Bybit Exchange has surged to become the world’s second-largest cryptocurrency exchange by volume. This leap has seen it surpass Coinbase and closely trail behind Binance. Bybit’s Rise in Market Share Bybit’s market share has doubled from 8% to 16% since October. This growth is attributed to increased trading volumes …
Bybit Climbs to Second in Global Crypto Exchange Rankings Read More »
The defunct crypto exchange Mt. Gox will start distributing over 140,000 Bitcoin to victims of the 2014 hack in July 2024. The repayments, in Bitcoin and Bitcoin Cash, might add selling pressure to both markets. The Rise and Fall of Mt. Gox In its prime, Mt. Gox handled 70% of Bitcoin transactions worldwide. It was …
Mt. Gox to Begin Repayments in July; Bitcoin Slides Under $60K Read More »
Standard Chartered to Launch Spot Crypto Trading for Bitcoin, Ethereum The British multinational banking and financial services firm, Standard Chartered, is set to launch a spot cryptocurrency trading platform for Bitcoin and Ethereum. According to sources, this new venture will handle transactions in these two major cryptocurrencies. Standard Chartered Ready to Launch Crypto Trading On …
Standard Chartered to Launch Spot Crypto Trading for BTC & ETH Read More »
Tether Introduces Alloy, Merging Digital Currency with Gold Stability Tether has launched Alloy, a new asset combining digital currency with the stability of gold. Users can mint aUSDT using Tether Gold (XAUT) as collateral, facilitating digital payments. This represents a significant step in real-world asset tokenization, focusing on gold-backed assets. Tether Launches Alloy by Tether …
Tether Introduces Alloy, Merging Digital Currency with Gold Stability Read More »
Paxos, a regulated stablecoin issuer, is laying off 65 employees, amounting to 20% of its workforce. This decision follows the recent launch of Paxos International’s yield-bearing stablecoin, USDL. Workforce Reduction and Financial Health Bloomberg reported the layoffs, revealing the information through an email obtained by Olga Kharif. Paxos CEO Charles Cascarilla addressed the layoffs, emphasizing …
Paxos Reduces Workforce by 20% After New Stablecoin Launch Read More »
Gazzy Garcia, known professionally as Lil Pump, surprised his 15 million followers on Instagram and X by revealing two new Solana-themed tattoos. The first tattoo features the stylized name of the Solana blockchain on his forehead. The second tattoo depicts the logo of Phantom, a popular Solana wallet. On Instagram, he asked his followers, “Like …
Lil Pump Flaunts Solana-Inspired Tattoos Amid Crypto Turmoil Read More »
