Two of Bitcoin’s pre-eminent thought leaders are at odds with each other as to whether banks can – or should – provide sustainable yield on their customers’ BTC deposits. Michael Saylor – executive chairman of MicroStrategy, the world’s largest corporate Bitcoin owner – said in a recent podcast appearance that Bitcoin could become a form...Read More
Palo Alto-based crypto custody firm BitGo has launched a new stablecoin, USDS, that is set to go live in January 2025. The company says the stablecoin will be fully backed by U.S. dollars through a mix of short-term Treasury bills, overnight repos, and cash in a bid to ensure liquidity and minimize risk. New Approach...Read More
[PRESS RELEASE – Singapore, Singapore, September 18th, 2024] Key Takeaways: PancakeSwap is launching its first Initial Farm Offering (IFO) on Arbitrum, marking a significant milestone in its multichain expansion strategy. The IFO will feature Eigenpie, a leading Liquid Restaking Protocol on EigenLayer. The IFO will be conducted from 10:15 AM UTC on September 24th, 2024,...Read More
[PRESS RELEASE – San Francisco, United States, September 18th, 2024] Aleo’s L1 creates a new ecosystem for secure and programmable applications that allow users a new level of control over their data Today, the Aleo Network Foundation officially announced the launch of the Aleo Network, a layer-1 blockchain that combines general-purpose programmability with the power...Read More
On-chain investigator ZachXBT has accused top crypto influencer Professor Crypto of using bots to manipulate his social media metrics. Following the allegations, the crypto influencer has deactivated his account without giving a response to the public. Fake Engagement Strategies In a post on X, the on-chain sleuth addressed the Youtuber, telling him to “lay off...Read More
[PRESS RELEASE – Dubai, UAE, September 18th, 2024] VIKITA, a memecoin operating on the SunPump platform, has been listed on the Poloniex exchange, available for trading against USDT (Tether). Built on the TRON blockchain, VIKITA benefits from fast, low-cost transactions, providing users with an efficient trading experience. SunPump, the platform hosting VIKITA, specializes in supporting...Read More
With the price of Bitcoin reclaiming the $60k level, the crypto market has experienced a strong bullish recovery over the past few hours. Moreover, the memecoin category has recorded the highest gains with many tokens recording a surge of up to 3 digits. Following this, investors are turning optimistic about the memecoin mania and a...Read More
Ethereum is facing some of its toughest challenges, with market sentiment turning negative. The cryptocurrency’s performance has lagged, its regulatory outlook remains uncertain, and competition from newer blockchains like Solana is intensifying. However, Matt Hougan, Chief Investment Officer (CIO) of Bitwise, believes its foundational strengths in key sectors like stablecoins and decentralized finance (DeFi) make...Read More
[PRESS RELEASE – Los Angeles, California, September 18th, 2024] Funding will help over 1 million users build healthier habits through incentive rewards and personal AI coaching CUDIS, the company behind the first Web3 and AI-powered wellness ring, has raised $5 million in a funding round led by Draper Associates, with participation from Skybridge, Penrose, SNZ,...Read More
Anthony Scaramucci, the founder of the investment firm SkyBridge Capital, has backed his prediction that bitcoin (BTC) will reach $100,000 before the end of the year with two potential drivers. In a Wednesday interview with Bloomberg, Scaramucci cited interest-rate cuts and more precise crypto regulation after the November election in the United States as crucial...Read More
BitMEX co-founder Arthur Hayes has reiterated his stance on the incoming interest rate cut from the Federal Reserve, terming it a “bad idea.” In an exclusive interview with CoinDesk on the sidelines of the Token2049 event, Hayes echoed his concern that risk assets like cryptocurrencies could crash shortly after the Fed rate cut. Rate Cut...Read More
[PRESS RELEASE – Dubai, UAE, September 18th, 2024] BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, has announced new developments as part of a strategic focus to become the core infrastructure for stablecoin payments and digital financial transactions. This move is part of BNB Chain’s broader mission to bridge...Read More
[PRESS RELEASE – Singapore, Singapore, September 18th, 2024] Parachains and developers can register now to test NFT XCM functionality and get an exclusive first look at this innovation in action. Unique Network has announced it will be launching the first developer environment for NFT XCM transfers (Cross-Chain NFTs), starting with two major networks for developers...Read More
On Sept. 17, Minnesota Representative Tom Emmer wrote with House Financial Services Committee Chairman Patrick McHenry to SEC Chair Gary Gensler requesting clarity on whether crypto airdrops are securities transactions. “Under Chairman Gensler’s tenure, the SEC has put its thumb on the scale and prevented Americans from shaping the next iteration of the internet,” he...Read More
Bitcoin has been trading sideways since March, and the third quarter, especially September, has traditionally been a bearish period. With the month and quarter approaching the end, analysts are turning bullish again, predicting a long-awaited breakout for BTC and crypto markets. On Sept. 18, analyst ‘RamenPanda’ observed that markets have spent six months going sideways,...Read More
Just one day after surviving a second assassination attempt, Donald Trump officially launched his long-anticipated cryptocurrency project, World Liberty Financial (WLF), through a live X Space event. However, the launch has gotten criticism from the crypto community for its lack of substantive information about the project. Community Backlash In a recent video posted on X,...Read More
