While there’s a number of bitcoin whales that often get caught by blockchain parsers and written about in media reports, ethereum whales get a lot less attention. According to statistics in 2022, there are a lot more ethereum whales than holders with large sums of bitcoin. In fact, while the top 100 richest bitcoin addresses…
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Another day, another exploit. Deus Finance DAO seems to have lost at least USD 13m in its own latest flashloan attack. The project which describes itself as a “decentralized bilateral OTC [over-the-counter] derivatives platform” has confirmed the attack, claiming that user funds are safe, and adding that DEI lending has been paused…. Read More:…
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USDC.homes, a new decentralized finance (DeFi) project, is offering US homebuyers DeFi mortgages, enabling users to purchase homes using crypto without having to first liquidate it. The project currently allows Texas residents to secure crypto mortgages but plans to expand its offering to other states “soon” as well…. Read More: American Borrowers Can Now…
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The USD 80bn-heavy stablecoin industry requires more regulatory clarity and harmonization across jurisdictions, but the coins’ increased use for transactions is the ultimate factor that will boost adoption across the world, according to the participants of a discussion held at the Crypto and Digital Assets Summit hosted by The Financial Times…. Read More: Regulatory…
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On April 22, the payments giant Stripe announced that it is expanding global payouts with crypto assets via a new pilot. Stripe’s crypto executive Karan Sharma revealed crypto payouts for the firm’s Connect service to a select group of Twitter users as the social media platform is Stripe’s first partner. Stripe and Twitter Partner to…
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In addition to payments to bank accounts and debit cards, select content creators can now elect to have USDC earnings sent to their wallets. On Friday, Twitter and Stripe announced the rollout of crypto payouts for Stripe Connect. As told by the two companies, a select group of creators on Twitter will soon be able…
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Strong hype around move-to-earn tokens could offset the bearish technicals emerging for GMT. STEPN (GMT), a so-called “move-to-earn” token using the Solana (SOL) blockchain, has soared incredibly since its market debut in March. GMT’s price jumped from $0.01 on March 9 to a record high of $3.45 on April 19 — a 34,000% upside move…
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The algorithmic stablecoin stemming from the Terra (LUNA) network has become the third-largest stablecoin token in terms of market capitalization at $17.54 billion. As of today, UST’s market capitalization has surpassed the BSC-based stablecoin BUSD by more than $67 million. Stablecoin Terrausd Surpasses BUSD’s Market Valuation There’s a new leader in the world of stablecoins,…
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The Luna Foundation Guard (LFG), a nonprofit organization established in the Republic of Singapore dedicated to creating a reserve protocol for the algorithmic stablecoin UST, has purchased an additional USD 100m worth of bitcoin (BTC), increasing its total holdings to just over BTC 42,400 (USD 1.7bn)…. Read More: Luna Foundation Guard Buys Additional USD…
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A “bearish lull” in the crypto market fuelled growth in stablecoins, with the market capitalization of the top five stablecoins growing by 13% in the first quarter, according to a new report from the coin tracking site CoinGecko. The growth in the market capitalization of stablecoins is notable given that it happened during a…
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