In the latest interview with Fox Business, Circle CEO Jeremy Allaire unveiled his thoughts on the turbulent crypto market with stablecoins being targeted by short sellers partly due to the Luna-UST fiasco. He reiterated his confidence in USDC attracting net inflows amid the market crash due to its compliance with regulators. In regards to the...Read More
Tl;dr: Today, Coinbase is announcing an easy and secure way for eligible customers to earn staking rewards on Solana (SOL). By Thorsten Jaeckel, Senior Product Manager At Coinbase, we’re focused on offering more ways for customers to earn crypto rewards. Today, we’re announcing the expansion of our staking offerings to include Solana (SOL)with plans to...Read More
Marathon Digital Holdings – one of the leading cryptocurrency mining companies – said that 75% of its operations are currently without power because of a devastating storm that passed recently through the state of Montana. Miners from that region are expected to restore some of their activity during the first week of July. The Thunderstom’s...Read More
Mark Newton – technical strategist at the investment insights firm Fundstrat – is not convinced that Bitcoin has reached its bottom. He claims there is a significant chance of a “final washout” style event that could take the top cryptocurrency as low as $12,500. One Last Crash? As Newton explained in a note to Bloomberg...Read More
Regardless of the fact that the entire cryptocurrency market is in the red zone today, the failing USTC stablecoin (UST Classic) from the controversial Terra program is up 90%. USTC lost its peg to the US dollar in the month of May and went beneath the level of one dollar. However, through its quick development,...Read More
Polkadot creator Gavin Wood unveiled the next generation of governance for the DOT ecosystem – Gov2. Only after the v2 is tested on Kusama, a proposal will be made for the Polkadot network to vote on. New Polkadot Governance v2 According to the press release shared with CryptoPotato, the new governance system does not intend...Read More
It’s been a while since the crypto market has seen some good rays of positive market trends. The cryptocurrency market has been hit with volatility since the month of April. Amidst this instability, the world’s largest cryptocurrency by market cap is hovering between the $20,000 and $21,000 range. The currency also dropped below $20,000 before...Read More
The recent crypto slump may have left many investors shaken in fear, as bad news like major crypto firms falling prey to liquidity crisis and exchanges drastically cutting headcounts continue occupying headlines. However, the crypto bull Cathie Wood – known for her aggressive bets on “disruptive innovation” – reiterated her confidence in digital assets in...Read More
The first decentralized exchange tapping the Cardano blockchain has announced the launch date of its testnet. The project had previously released an NFT marketplace shortly after raising over $2 million in a funding round participated by Gal Gadot. AdaSwap’s DEX Testnet Arrives The press release shared with CryptoPotato informed that the project’s testnet is scheduled...Read More
Decentralized asset financing protocol Centrifuge has launched a new cross-chain Connectors solution dubbed Centrifuge Connectors to bridge the gap between the real-world asset (RWA) market and decentralized finance (DeFi). Centrifuge Launches Cross-Chain Connectors Centrifuge helps small businesses access more credit while providing stable yields for investors through its pooled liquidity from the world of traditional...Read More
Leading cryptocurrency lending platform BlockFi has secured a money services license in the state of Iowa, allowing the company to offer stablecoins trading and instant ACH transfers to local customers. We’re excited to announce that we’ve received our Money Services License in Iowa. Iowa residents can now trade stablecoins on our platform and instantly transfer...Read More
FTX CEO Sam Bankman-Fried (SBF) recently shared his thoughts on the state of the crypto market, its trajectory, and the platforms and companies within it. He claimed that there are still many remaining “third-tier” crypto exchanges that are insolvent but yet to be exposed. More Instability to Come? During an interview published by Forbes on...Read More
Compass Mining – a US-based mining service that hosts Bitcoin miners on behalf of clients – has recently announced that both CEO Whit Gibbs and CFO Jodie Fisher would be stepping down, effective immediately. The statement also informed users that CTO Paul Gosker and Chief Mining Officer (CMO) Thomas Heller would be taking over as...Read More
According to researchers, the deepening crypto winter poses a threat to a vital source of funding for Pyongyang’s weapons programs. It is not clear how much crypto the North Korean regime has stashed away over the year, but it is likely to be substantial. A 70% slump in crypto markets since November will have eroded...Read More
Markets are reeling, and investment experts recommend that investors purchase stocks within recession-proof industries like health care, utilities, and consumer staples. One thing all of these industries have in common is utility. They add essential value to people’s lives. And projects which add value will always appreciate. This article features a brand new crypto protocol...Read More
Crypto.com on Monday removed 15 altcoins including Dogecoin (DOGE) and Shiba Inu (SHIB) from its Crypto Earn program. The delisting of these cryptocurrencies will be effective from 27 June 2022, 10:00 UTC, the company said. It also revised the interest rates of 5 stablecoins and added three new coins to the reward program. Under the...Read More
