Canaan, a prominent manufacturer of Bitcoin mining machines, recently disclosed its financial report for the first quarter of 2023. The report reveals that the company generated revenues of $55.2 million during this period. However, despite the positive revenue figure, Canaan experienced a gross loss of $47.5 million. To align it’s reporting currency with its operations, Canaan switched […]
DogeMiyagi, Avalanche, and Dogecoin: Fostering Unity in the Crypto Community
Community-building is critical for creating trust, promoting engagement, and driving adoption in the perpetually shifting cryptocurrency ecosystem. This comparative research looks at how DogeMiyagi ($MIYAGI), Avalanche (AVAX), and Dogecoin (DOGE) help to bring the crypto community together. By comparing these three entities, we may obtain insight into their distinct methods and comprehend their influence […]
Even Biden’s Re-election Can’t Threaten Bitcoin, Claims Pro-XRP Lawyer
The post Even Biden’s Re-election Can’t Threaten Bitcoin, Claims Pro-XRP Lawyer appeared first on Coinpedia Fintech News In a striking declaration today, a distinguished attorney known for his fervent advocacy for Ripple’s digital currency, XRP, stated emphatically that the re-elected Biden Administration lacks the authority to “kill” Bitcoin. John E. Deaton, a recognized pro-XRP attorney, […]
Why This Signal Means Uniswap’s Bear Run Is Almost Over
The price of Uniswap, the largest decentralized exchange by trading volume, is down roughly 35% from Q1 2023 peaks. Even so, on-chain data from Etherscan shows that there has been a steady increase in the number of UNI holders in the past two days. As of May 13, there were 369,646 UNI holders. Since then, the […]
Circle launches Euro Coin on Avalanche
Circle, the digital fintech firm most famous as the issuer of the USDC stablecoin and, more recently, Euro Coin, has unveiled the launch of Euro Coin on the Avalanche blockchain. Circle anticipates the launch to be the first of many multi-chain launches for its reportedly fully-backed euro-denominated stablecoin. Like USDC, Euro Coin is designed to […]
Yearn Finance Hacker Moves $3.6M Via Crypto Mixer Tornado Cash
The exploiter has recently transferred more over $3.6 million, or over 2000 ETH. Over 1 quadrillion Yearn Tether (yUSDT) were minted by the hacker last month. Stablecoins worth $11.6 million were stolen in a cyberattack last month that targeted an earlier version of the Yearn Finance protocol. The exploiter has recently transferred more than $3.6 […]
Atlanta Fed explains Web3 finance, including XRP ‘international payment medium’
The highly accessible introductory text mentions all the concepts and names a curious reader would need, along with some assessments.
Ledger CEO explains the company’s path to regain user trust
In a recent blog post, Pascal Gauthier, Chairman and CEO of Ledger, addressed concerns over the company’s new product, Ledger Recover.
Starbucks leverages web3, announces NFT airdrop for select Odyssey members
Starbucks is stepping into the web3 universe with plans to airdrop limited-edition NFTs to eligible members of its exclusive Odyssey rewards program.
Huobi Set to Launch Trading Service in Hong Kong
Singapore, Singapore, May 26th, 2023, Chainwire Huobi announced the launch of Huobi HK and stated that they will provide cryptocurrency trading services to users in HK. Huobi HK will play a significant role in driving Hong Kong towards becoming the global hub for Web3. In the future, users will be able to buy, sell, and […]