Month: August 2024

Google Pay, Amazon Pay, Walmart-Backed Phonepe Eye Entry Into RBI’s Digital Rupee Program

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Google Pay, Amazon Pay, and Walmart-backed Phonepe are reportedly seeking to join India’s central bank digital currency (CBDC) initiative led by the Reserve Bank of India (RBI). Other fintech firms like Cred and Mobikwik are also seeking participation. These companies aim to facilitate transactions through the e-rupee. The initiative aims to boost transaction volumes by … Read more

USDB Stablecoin Experiences Volatility, Emphasizing Need For Diversification

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This morning, USDB, the stablecoin launched by Blast, experienced significant volatility, dropping over 5% to a low of $0.9421 before rebounding to approximately $0.9945. USDB Drama: Lessons from the Depeg USDB, the stablecoin launched by Blast, took a dive this morning, slipping over 5% to $0.9421 before bouncing back to around $0.9945. For those holding … Read more

$ENA Faces Turbulent Times As It Nears Key Support Level

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$ENA is currently facing a challenging period, approaching the crucial $0.20 support level amidst persistent bearish trends. The situation looks particularly dire for one significant investor, Whale 0x118d5, who might incur substantial losses if they decide to sell now. The wallet 0x118d5 (icrypto.ai/wallet/0x11d85…) gradually withdrew 4.09 million $ENA from Binance around four months ago and … Read more

Uniswap Team Deposits $7.47M In UNI To Coinbase Amid Treasury Management Efforts

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The Uniswap team has made significant deposits to Coinbase, recently adding 1.13 million UNI tokens worth $7.47 million. This follows a deposit of 1.19 million UNI ($9.11 million) just seven days earlier. Since July 4, 2024, the team has deposited a total of 8.3 million UNI tokens, valued at $65.95 million, with an average price … Read more

Memecoin Investor Realizes 1,105% Profit Amid Market Weakness

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Memecoin ($MEME) continues to be one of the weakest crypto assets, a trend that becomes especially apparent on days like today. An early pre-sale investor recently deposited 127.5 million $MEME, valued at $1.55 million, to Binance just an hour ago, earning a staggering $1.41 million profit. A Memecoin pre-sale investor deposited 127.5M $MEME($1.55M) to #Binance … Read more

TRON Monthly Report: July 2024 Shows Strong Growth In Fees, Revenue, And User Engagement

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In July 2024, TRON experienced significant growth across multiple metrics, showcasing its continued dominance in the blockchain space. Fees and revenue saw a 12.1% increase, while TRX market data indicated positive trends. The network recorded over 212 million transactions and welcomed 6.7 million new addresses, underscoring TRON’s robust user engagement. TRON Income Statement For July, … Read more

GMT Fund-Raising Address Makes Significant Moves, Influences Market Price

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The GMT fund-raising address has made a notable move after a four-month hiatus. Between March 25 and March 29, this address transferred $74.71 million worth of GMT from Binance, representing 11.63% of the total circulating tokens at that time. This action propelled the coin’s price up by 34%, from $0.2989 to $0.4006, marking its highest … Read more

French Regulator Begins Accepting Crypto Service Provider Applications Ahead of MiCA Regulation

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The French financial regulatory authority has begun accepting applications for authorization as a crypto asset service provider under the European Markets in Crypto-Assets (MiCA) Regulation, ahead of its implementation in December 2024. This regulation mandates prior authorization for market participants offering crypto asset services in the EU, with strict adherence to anti-money laundering, cybersecurity, and … Read more

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