Cryptocurrency Analysis and News Portal
Algorithmic stablecoins use self-regulating mechanisms to keep their private stablecoins pegged to another currency, a system that has had a rocky history. Typically, on-chain collateral consists of cryptocurrencies like BTC or ETH, fiat-backed stablecoins like USDC or USDT and a few nascent traditional financial assets brought on-chain (for example, there
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On-chain data shows Litecoin whale transactions have jumped to new highs for 2023 recently. Here’s how this may impact the crypto’s price. Litecoin Transactions Valued Higher Than $1 Million Have Surged According to data from the on-chain analytics firm Santiment, the last two spikes led to significant rises in the price. The
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Binance has informed its retail customer base of a potential incoming service disruption that may halt on and off-ramp bank payment transfers.The service disruption will impact users of U.S Dollar-held bank accounts that are looking to buy or sell cryptocurrencies for less than $100,000 via the SWIFT payment system. The
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Genesis' first hearing in its bankruptcy case is set for January 23. Source
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The layoff will affect every aspect of its business operation and teams from corporate services, recruitment, and engineering are affected.American multinational technology company Alphabet Inc (NASDAQ: GOOGL) may be crumbling under the weight of its own staff size and is considering a 12,000 workers layoff. As reported by Reuters, citing
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Ethereum layer-2 networks have gone through an explosive growth phase over the past couple of months a trend that is set to continue in 2023.According to recent data, the leading layer-2 networks have seen an increase in daily active users which has translated into a growth in fees for the
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After the collapse of major cryptocurrency exchange FTX in November 2022, former CEO Sam “SBF” Bankman-Fried was arrested by Bahaman authorities on Dec. 12. Just a day later, the United States Securities and Exchange Commission and Commodity Futures Trading Commission filed charges against him for allegedly defrauding investors and violating
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Circle reassured the USDC holders and the general public that it remained committed to transparency.USDC issuer, Circle, has announced that it will be audited by Deloitte in the future instead of Grant Thornton. According to the firm, its last audit covers 2019,2020, and 2021 and has been filed publicly with
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The beta testnet of Shibarium will soon release, benefiting the entire Shiba Inu community. Shibarium is a layer-2 network operable on the Ethereum mainnet. After the release of Shibarium, the Shina Inu community can build and grow projects. The release of Shibarium will address the scalability, speed, and expense challenges
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The new subcommittee on digital assets, financial technology and inclusion will be chaired by Rep. French Hill (R-Ark.), who has investigated the viability of a central bank digital currency. The vice chair of the subcommittee will be Rep. Warren Davidson (R-Ohio), who has also been active on crypto issues. Source
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