On April 1, 2022, Circle announced that BNY Mellon would be holding USDC reserves. Circle’s USDC stablecoin is the second biggest U.S. dollar-pegged cryptocurrency asset. Circle, a digital currency company, has revealed that Citizens Trust Bank, an Atlanta institution established in 1947, would store $65 million in USD coin (USDC) reserves. This decision follows a […]
Cardano Founder Reacts to Rumors of Intention to Buy Media Company CNN
Hoskinson remains ardent fan of media and journalism
Jump Crypto and Oasis recover 120k ETH from Wormhole exploit
On Feb. 25, Jump Crypto, a web3 infrastructure firm, announced that it had successfully recovered the 120,000 ETH stolen during the infamous Wormhole exploit in 2022. According to decentralized finance (DeFi) platform Oasis.app, the sender tricked the contracts and transferred…
Whale sells 1,010 NFTs in ‘largest NFT dump ever’
On Feb. 25, Andrew Thurman of Nansen hypothesized the significant NFT dump in a tweet thread, suggesting the whale is attempting to obtain further BLUR token prizes while also making some money. Nansen records show that Jeffrey Hwang, a nonfungible…
SAND whales get beached by a wave of sell pressure, but here’s something new
SAND falls below its 200-day MA despite a surge in demand among whales. The Sandbox pushes into the list of most used smart contracts by ETH whales. Metaverse projects have been relegated to the back seat now that WEB3 projects have taken the spotlight this month. As such, projects like The Sandbox have struggled to […]
Is Solana Network Down? SOL Price To Affect?
Solana Price News: Solana Network reportedly registered a halt on Saturday as infrastructure operators to check on the troubled blockchain. Users encountered some tech issues as they found it challenging to trade digital assets on chain. As per SolBlaze, a staking pool built on Solana, the struggling blockchain didn’t go down. However, there is a […]
Elon Musk Reacts to Dogecoin Co-founder’s, Binance CZ’s Tweets on ‘Closed Doors’
The post Elon Musk Reacts to Dogecoin Co-founder’s, Binance CZ’s Tweets on ‘Closed Doors’ appeared on BitcoinEthereumNews.com. Tesla CEO Elon Musk commented on a post by Dogecoin co-founder Billy Markus, who goes by the alias “Shibetoshi Nakamoto” on Twitter. The Dogecoin co-creator made a meme out of the quote, “Sometimes when…
Private Crypto Ban is a Pivotal Need for India: Comments IMF Chief
The post Private Crypto Ban is a Pivotal Need for India: Comments IMF Chief appeared on BitcoinEthereumNews.com. The IMF Chief told that there are disagreements over debt restructuring. Kristalina Georgieva commented that banning private crypto should be considered an option. She also told that CBDCs and stablecoins…
Red hot NFTs could drive crypto mass adoption
The post Red hot NFTs could drive crypto mass adoption appeared on BitcoinEthereumNews.com. According to Anndy Lian, President of NFT Factory, NFTs have the potential to be a “Trojan horse” for crypto adoption, offering a tangible and unique asset that can bridge the…
New Shiba Inu (SHIB) Altcoins Quietly Gearing Up for Launch – Here Are the Under-the-Radar Crypto Projects Coming This Year
The post New Shiba Inu (SHIB) Altcoins Quietly Gearing Up for Launch – Here Are the Under-the-Radar Crypto Projects Coming This Year appeared on BitcoinEthereumNews.com. The hype over Shiba Inu’s layer-2 blockchain Shibarium has obscured another big development in the works for the Dogecoin competitor – the coming launch of two new ecosystem tokens. Lead…