Shiba Inu burning mechanism struggles to beat enormous 590 trillion supply
Breaking: $40 billion of USDC reserves remain at collapsed Silicon Valley Bank – USDC crash coming?
Circle says $3.3 billion worth of USDC reserves are still at Silicon Valley Bank. Coinbase and Binance temporarily halt USDC:USD conversions. It will be a long weekend for the cryptocurrency market and the broader fintech industry. With the crash of Silvergate and Silicon Valley bank, both crypto holders and traditional investors are at risk of […]
HedgeUp (HDUP) and Binance Coin (BNB) Expected to Perform Well in 2023
The post HedgeUp (HDUP) and Binance Coin (BNB) Expected to Perform Well in 2023 appeared first on Coinpedia Fintech News As the bear market continues to create havoc in the crypto space, new token releases are at their all-time high. More and more projects are joining the ranks, and HedgeUp (HDUP) is one of those […]
XRP Community Awaiting Ripple’s Answers on Failed Silicon Valley Bank Exposure
Ripple’s potential exposure to the failed Silicon Valley Bank (SVB) has left the XRP community divided and anxious for a statement from the San Francisco-based company
Vitalik Buterin-connected NFTs Soar on OpenSea
Reading Time: 2 minutesAn NFT collection with reported links to Ethereum co-founder Vitalik Buterin is gaining momentum on OpenSea The collection’s floor price on OpenSea has increased by over 500% in less than a week Buterin is yet to comment on the project An NFT collection with reported links to Ethereum co-founder Vitalik Buterin is […]
Web 3.0 Woundup –12/03/23
Reading Time: 2 minutes This week’s Web 3.0 woundup sees Amazon planning its own NFT exchange, Starbucks launching its first paid NFT collection and Lego talking up its metaverse plans. Let’s just hope you’re not ‘met-averse’ to such things. I’ll get my coat. Amazon Planning to Launch NFT Marketplace in April E-commerce giant Amazon was […]
Over 100 VCs, investors voice solidarity with Silicon Valley Bank
Approximately 125 VCs and investors signed a statement supporting Silicon Valley Bank as a way to limit the fallout of the bank’s collapse and subsequent extinction of tech companies.
Revised Bill Suggests Prison Time for Russian Crypto Miners Evading Taxation
A draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets to the state. In its latest revision, the bill also threatens to punish those who organize illegal trading of cryptocurrencies with imprisonment and hefty fines. Forced Labor Awaits Miners and Traders Who Operate Outside Law, […]
The Graph sees an uptrend in delegations; reasons aren’t very surprising
The dominance of delegations on the Graph network has not waned. GRT price, on the other hand, was tending toward the oversold zone, at press time. The Graph [GRT] is a decentralized protocol that allows users to query and index data from numerous blockchains. These services are provided by a network of nodes known as […]
USDC Back on Track as Circle Announces Corporate Resources Backing
Circle has pledged to back its stablecoin with corporate resources if required. The stablecoin is gradually recovering to trade at $0.95 at the time of writing. Circle, the company behind the USDC, said in a statement that the stablecoin will once again be exchangeable for dollars at a rate of one-to-one beginning on Monday. As […]