USDC issuer Circle announced plans to expand native support of its Euro-backed stablecoin – Euro Coin (EUROC) – to the Solana blockchain in the first half of 2023. Sheraz Shere, Head of Payments at Solana Labs, said the availability of EUROC on Solana will set the scene for new use cases for instant foreign exchange,...Read More
Crypto exchange FTX is rapidly losing stablecoin liquidity after Binance CEO Changpeng Zhao (CZ) announced his company’s full exit from its FTT position on Sunday. ETH withdrawals from FTX have also tapped an all-time high, possibly signaling worry among depositors about the safety of their funds. FTX Withdrawal Wave According to a tweet thread from...Read More
The hyperinflation, the collapse of the local banking system, and the significant depreciation of the currency prompted numerous Lebanese residents to embrace cryptocurrencies, including stablecoins. Some locals have also focused on bitcoin mining since they can use cheap hydropower from rivers and generate “fresh dollars.” What Triggered the Collapse? Lebanon, considered one of the most...Read More
Less than a week after exploiting the leading cryptocurrency derivatives exchange Deribit, the attacker started moving the stolen funds. As of November 5, the hacker had moved 1,610 Ether (ETH) worth over $2.5 million to the U.S.-sanctioned crypto mixer Tornado Cash, leaving a balance of about 7,501 ETH in the address. What Happened? On November...Read More
In the early hours today, the star cryptocurrency, Bitcoin, fluctuated between $21,000 and $20,000 before settling down around $20,700. Before this downward move, the asset had even managed to trade above the crucial mark of $21,200 and hit a high of $21,469. At the time of writing, Bitcoin has lost 2.32% in the last 24hrs...Read More
The United States Department of Justice (DoJ) announced the historic seizure of over $3 billion worth of bitcoin from a fraudster who allegedly scammed the defunct online darknet marketplace Silk Road and stole more than 50,000 bitcoin. The defendant pled guilty to a wire fraud crime committed a decade ago and could face up to...Read More
Sam Bankman-Fried, CEO of FTX, has come out to allay fears about the state of the crypto exchange’s finances. Bankman-Fried said the platform has excess cash and clients’ funds are safe while also calling on Binance CEO to collaborate with him to improve the ecosystem. In a recent tweet thread on Monday (November 7, 2022),...Read More
[PRESS RELEASE – Barcelona, Spain, 7th November 2022] The international event Democracy4All (D4A), which has been held annually since 2019, returns on the 10th and 11th of November to La Llotja de Mar in Barcelona for its fourth edition, in a hybrid format, offering both online and in-person experiences, following the success of this model...Read More
Prominent Bitcoin miner Hive Blockchain revealed having 3,311 Bitcoin, worth more than $68 million, as of November 5, 2022. In its latest production report, the Canadian firm said it does not have expensive borrowing against equipment such as ASICs or GPU chips, or digital assets. Amidst Bitcoin’s price hovering around $20k, difficulty soaring, and high...Read More
After Twitter’s mass layoffs caused a stir in the tech world, Meta appears to be following suit. According to a Wall Street Journal report, the owner of Facebook and Instagram will begin trimming staff in the second week of November. Meta’s Mark Zuckerberg earlier stated that the social media giant’s staff could be smaller next...Read More
We are delighted to announce the publication of a new book. The book is available on Amazon now. Buy Now Book Synopsis This book begins by providing a brief history of interest rates. It discusses the perplexing conundrum of how to determine the most appropriate base interest rate in an economy. The book then scrutinises...Read More
In a quick-paced turn of events over the weekend, Binance CEO Changpeng Zhao announced that his company would liquidate all FTT holdings given the “recent revelations.” The statement made FTT price take a sharp plunge, falling by nearly 10% in 24 hours. Binance Exits Its FTT Position Even before what CZ said could sink in,...Read More
Bitcoin prices were deeply impacted by the resurgence of the bearish market trend that caused the price to plunge by more than 3.6% from the monthly highs. Meanwhile, the ongoing tussle between Binance CEO, Changpeng Zhao (CZ) and FTX CEO Sam Bankman Fried (SBF) has led the bearish wave within the crypto space. While some...Read More
The latest bank to clamp down on crypto in the UK is Santander. Over the weekend, it was reported that the retail bank is planning to block real-time payments to crypto exchanges in 2023. The bank is claiming to be protecting customers from scams. The crypto blockade will include in-branch, mobile, and internet banking for...Read More
