Justin Sun says removing 12K Bitcoin from USDD is just ‘DeFi 101’
USDD’s Bitcoin collateral was removed without a vote from its DAO, but Justin Sun insists it’s a normal event in DeFi. Go to Source
Month: August 2024
Litecoin’s On-Chain Activity Surges: Over $26.5 Billion Moved In A Week
Litecoin’s on-chain activity has been nothing short of remarkable, with on-chain volume on the network more than doubling over the past year. This impressive growth is highlighted by the jump from 196 million LTC moved on-chain during the week of August 14, 2023, to over 412 million LTC moved in the most recent week. In … Read more
Will $TIA Mirror $ARB And $XAI Ahead Of Its Major Token Unlock?
As we’ve observed with projects like $ARB, $XAI, and $WLD, price surges often precede major token unlocks. Now, all eyes are on $TIA as the market speculates whether its price will follow a similar pattern ahead of its upcoming big unlock on October 31st. TokenUnlocks Overview $TIA’s major unlock for team members and investors is … Read more
Mixed Signals For 1INCH As Price Rises Amid Pantera Capital’s Sell-Off
Yesterday, the price of 1INCH saw a notable 12% increase, largely driven by purchases from the 1inch team itself. This surge in value highlights growing confidence from the project’s core team. However, this positive momentum is met with a significant counterforce: Pantera Capital, a major institutional investor, has been steadily offloading its 1INCH holdings. Just … Read more
Bitcoin miner OTC balances reach 2-year high — Why it’s a bearish signal
The rising amount of Bitcoin OTC desk balances for miners indicates “significant selling activity” among miners. Go to Source
Tim Draper Leads $2.5 Million Funding Round for Ark Labs to Advance Bitcoin Payment Solutions
Ark Labs has secured $2.5 million in pre-seed funding led by Tim Draper, aimed at advancing the Ark protocol for simplifying bitcoin payments. This funding will help Ark Labs enhance their user-friendly, non-custodial payment system, making bitcoin more accessible for global commerce. Ark Labs Raises $2.5M to Simplify Bitcoin Payments Ark Labs announced on Thursday … Read more
FBI will use NFTs to contact victims of crypto fraud scheme Clucoin
The FBI will notify victims of a $1.1 million fraud scheme through NFTs after the founder pled guilty to using the funds to fund his online gambling habit. Go to Source
Italian Bakery Owner $20K in $250K with SOL: Is BDAG Next?
Italian Bakery Owner Strikes Gold with Solana; BlockDAG Poised to Be the Next Breakout Cryptocurrency markets are full of surprising success stories. Take, for example, an Italian bakery owner who decided to invest $20,000 in Solana in 2020. Just a year later, this investment grew to $250,000, securing a bright financial future for her bakery. … Read more
Paypal Launches PYUSD Rewards Program With Anchorage Digital
Anchorage Digital has launched its first stablecoin rewards program for Paypal USD (PYUSD) holders, offering institutions a secure way to earn rewards. Available through Anchorage Digital’s platform and the Porto self-custody wallet, the program emphasizes security by avoiding rehypothecation, staking, or lending. Anchorage Digital and Paypal Unveil Secure Rewards Program for PYUSD Holders Anchorage Digital … Read more
Supreme Court Urged to Protect Crypto in Nvidia-Backed Legal Fight
The Digital Chamber filed an amicus brief on Tuesday in support of Nvidia Corp. It focuses on the implications of the Ninth Circuit’s decision for the cryptocurrency industry. The brief argues that the Ninth Circuit’s approach to pleading standards under the Private Securities Litigation Reform Act (PSLRA) could severely impact emerging technology sectors, especially cryptocurrency. … Read more