Uniswap's NFT Platform Shows DeFi's Reluctant Acceptance of Centralization
Uniswap's NFT Platform Shows DeFi's Reluctant Acceptance of Centralization Original Source
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Central Bank Digital Currency Transactions to Reach $213 Billion Annually by 2030, Research Shows – Featured Bitcoin News
A new study shows that payments via central bank digital currencies (CBDCs) are expected to reach $213 billion annually by 2030. Furthermore, 92% of the total value transacted via CBDCs will be paid domestically, the research found. $213 Billion Annually Research and market intelligence firm Juniper Research published a report on central
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Over Two Billion USDC Stablecoin Burnt in Single Day, Data Shows
The dollar-pegged stablecoin has failed to win back investors following last week’s depegging. Circle Internet Financial's USDC stablecoin massively depegged from its intended $1 price on Friday night after Silicon Valley Bank (SVB), where Circle parked over $3.3 billion in treasury assets, was shut by regulators. Source
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Filing shows BlockFi has uninsured $227M in Silicon Valley Bank MMMF
According to a new bankruptcy filing, defunct crypto lender BlockFi has $227 million worth of uninsured funds allocated to a money market mutual fund (MMMF) offered by troubled Silicon Valley Bank (SVB). SVB — one of the U.S’s largest banks and key partners to venture-backed companies — was shut down
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Circle’s USDC Stablecoin Endures $1B Net Redemptions Since Silicon Valley Bank Shutdown, Nansen Data Shows
USDC is the second-largest stablecoin, trailing only Tether’s USDT, and a backbone of the crypto ecosystem. The token’s value is backed by U.S. government bonds and cash-like assets, including a total $11.1 billion of cash deposits at various regulated banks, according to Circle’s website. Source
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‘Tonight Show’s’ Jimmy Fallon Files to Be Removed From Subpoena in Bored Apes Trademark Case
Fallon’s lawyer, Dana Seshens, argued that the motion should be denied because it places an undue burden on Fallon, and the same documents and information have already been sought from Yuga Labs and its alleged agent, Hollywood talent agent Guy Oseary, who was accused in the class action lawsuit of
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Mortgage Rates Rise Over 7% for First Time since October as Inflation Shows No Signs of Abating
Mortgage rates jumped 7.1% Thursday following last week’s 28-year low decline in homeownership applications due to raging inflation. Mortgage rates have climbed back over 7% following increased higher yields from inflation fears. According to Mortgage News Daily, the 30-year fixed mortgage average rate jumped to 7.1% on Thursday. Generally, increased concern that
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Riot Platforms Full-Year 2022 Report Shows Company on Track for Aggressive Growth Plans
The Riot 2022 reports showed that the Bitcoin miner tripled its hashrate capacity to an all-time high of 9.7 EH/s. Bitcoin (BTC) mining company Riot Platforms recently released a full-year 2022 report on its financial and operational performance. For the period ended December 2022, the company raked in revenue of $259.2 million while
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FTX presentation shows ‘massive shortfall’ in firm’s assets
Bankrupt cryptocurrency exchange FTX has revealed a "massive shortfall" in its digital asset and fiat currency holdings with billions worth of customer funds missing from both the exchange and its United States-based arm, FTX US. On Mar. 2 the exchange released a presentation showing FTX had $2.2 billion in exchange
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Texas objects to Voyager-Binance.US deal, court filing shows
Texas' State Securities Board and the Department of Banking are objecting to a proposed deal between Binance.US and bankrupted crypto lender Voyager Digital, shows a court filing from Feb. 24. According to the document, Binance.US's terms of service and restructuring plan contain a number of "inadequate" disclosures, including not informing unsecured creditors
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