Circle, the stablecoin issuer behind USD Coin (USDC), has recently partnered with SBI Holdings, a Tokyo-based financial services firm, with the aim of promoting the adoption of USDC and Web3 services in Japan. This strategic collaboration marks a significant milestone for both companies and aligns with the Japanese government’s efforts to regulate stablecoins and promote
Altcoins
The XRP (XRP) price is showing signs of a potential rally of over 20% in the coming weeks based on a classic bullish continuation setup. This setup is known as the bull flag pattern, which occurs when the price consolidates within a parallel channel after a strong uptrend. The pattern is confirmed when the price
The world of entertainment has always been known for its eccentricities and unpredictability. However, the latest revelation surrounding Netflix’s sci-fi series Conquest takes things to a whole new level. According to a confidential arbitration proceeding, the director of the show, Carl Erik Rinsch, reportedly used a staggering $4 million of the show’s budget to bet
Bitcoin’s market dominance has long been considered a crucial indicator of its strength in the cryptocurrency market. However, a deeper examination reveals that the concept of “Bitcoin dominance” may not be as informative as it appears, particularly when taking into account the broader dynamics of the market. The term “Bitcoin dominance” refers to the proportion
The Fantom Foundation, a nonprofit organization developing the Fantom blockchain platform, recently experienced a significant vulnerability in its system. This vulnerability was discovered following a $550,000 hack in October. The foundation was targeted, with an unknown attacker draining 1% of its funds. However, the foundation quickly identified and mitigated the vulnerability, preventing potential losses of
The company responsible for Atomic Wallet, a popular cryptocurrency wallet, is under fire as it requests the dismissal of a class action suit seeking damages from a $100-million hack. The Estonian-based firm argues that the claims should have been filed in Estonia, its home country, and not in the United States. This move, along with
It has been a year since the FTX exchange collapsed, causing significant turmoil in the cryptocurrency market. While the FTX collapse wiped out nearly $300 billion in market cap and impacted several cryptocurrencies, it seems that Bitcoin (BTC) has emerged as the top gainer, with a remarkable 120% increase in value. In this article, we
Yearn.Finance’s governance token (YFI) experienced a significant drop of over 43% in just five hours on November 18th, causing concerns among investors about a possible exit scam. This sudden decline resulted in the loss of over $300 million in market capitalization from November’s gains, according to CoinMarketCap data. The YFI token, which had previously surged
The decentralized finance (DeFi) market has proven to be one of the most exciting and volatile sectors in the cryptocurrency industry, second only to Bitcoin (BTC). In 2020, the DeFi sector experienced a monumental bull market, with the total value locked (TVL) in decentralized finance protocols soaring from $1 billion to over $100 billion. However,
The New York State Department of Financial Services (NYDFS) has recently implemented stricter guidelines for firms listing and delisting cryptocurrencies in New York. These measures aim to better protect investors and ensure a well-regulated virtual currency marketplace. The new restrictions, unveiled on November 15, require crypto companies to submit their coin listing and delisting policies
