Sequoia slashes its crypto fund by 66% after industry collapses: Report
The $85-billion venture capital firm launched the Sequoia Crypto Fund in February 2022. Go to Source Powered by WPeMatico
Month: July 2023
Bitcoin traders put eyes on $31K even as $2B in BTC options expire on Friday
BTC traders fix their eyes on $31,000 even as $2 billion in Bitcoin options are set to expire this Friday. Go to Source Powered by WPeMatico
Why is Jerome Powell gaslighting us about the odds of recession?
Economic data seems to indicate an economic slowdown is inevitable. So why is Fed Chairman Jerome Powell trying to gaslight Americans? Go to Source Powered by WPeMatico
Scammers pile on to impersonate WorldCoin on Twitter following token launch
Twitter announced its rebrand to ‘X’ on July 24, the same day the Worldcoin token launched and provided an opportunity for scammers. Go to Source Powered by WPeMatico
MakerDAO increases DAI yield in a bid to boost demand
The Enhanced Dai Savings Rate is based on DSR utilization and could boost the stablecoin yield by as much as 8%. Go to Source Powered by WPeMatico
Optimism transaction volumes surpass Abitrum’s for the first time in six months
Optimism lost the top spot to Arbitrum in January, after the end of its season one “quest,” but has regained it after Worldcoin launched on July 25. Go to Source Powered by WPeMatico
‘Pro crypto bill’ passes out of US House Agriculture Committee
The Republican bill, dubbed FIT for the 21st Century, was drafted by two House committees and passed after strenuous preparations by members of both parties. Go to Source Powered by WPeMatico
Stablecoins pose lower risk than bank deposits, says ex-Fed policy analyst
Stablecoins cannot be compared to bank deposits in terms of risk, nor can they be compared to money market funds, argues a new policy paper released by Paradigm. Go to Source Powered by WPeMatico
Major Fantom and Algorand Holders Shift Gears Towards the Rising Altcoin, Tradecurve
Significant investors from established cryptocurrencies Fantom and Algorand are showing a growing interest in Tradecurve (TCRV), the rising altcoin surging in its presale phase. In this article, we will discuss why these investors have shifted gears towards Tradecurve and how the token is shaping up to be a pivotal asset in DeFi markets. >>Register For … Read more
Rep. Patrick McHenry blames White House for lack of urgency on stablecoin bill negotiations
Republican leadership has blamed the Biden administration for not having a “sense of urgency” on stablecoins, while the Democratic response suggested “impatience” by lawmakers. Go to Source Powered by WPeMatico