The newest layer two (L2) blockchains are being adopted at record speeds, with some reaching one million users within weeks rather than months, according to a study by Coingecko. L2 Blockchains Hit One Million Users Faster Than Ever, Coingecko Study Shows A layer two (L2) blockchain runs alongside an existing blockchain like Ethereum to improve…
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Circle, a financial services company, has announced a new partnership with Mercado Pago, Mercado Libre’s digital payments wallet, to bring the USDC stablecoin to its Chilean customers. The partnership will allow millions of users in Chile to access USDC via Mercado Pago’s services and leverage it as a digital representation of the U.S. dollar for…
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El Salvador’s Bitcoin City has reportedly attracted its first international “resident,” with an American bitcoiner moving to the area where the city is being constructed. Per the government-aligned newspaper Diario El Salvador, the man’s name is Corbin Keegan. He was described as “an American bitcoiner who has […] settled on one of the beaches of…
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Jamie Coutts, an analyst from Bloomberg Intelligence, has predicted that stablecoin adoption will grow significantly once the issue of hostile regulations in the U.S. is put aside, noting “adoption under the hood is exploding.” Coutts believes that stablecoin usage may overtake bitcoin usage as more companies like Paypal integrate such assets in their payment structures.…
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The Sultanate of Oman is continuing its push into the world of cryptocurrency with a series of multi-million-dollar investments. The country, located on the southeastern coast of the Arabian Peninsula, aims to establish itself as a digital hub in a highly competitive region. The government has revealed plans to invest nearly $1.1 billion in cryptocurrency mining…
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Bitcoin (BTC) faces a myriad of real-world obstacles on its journey to the next bull run. As the world’s largest cryptocurrency struggles to regain the heights it reached in 2021, experts argue that Bitcoin needs to address several challenges before expecting a major rally. One immediate hurdle for Bitcoin is its macroeconomic predicament. In a rising…
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Musician and The Homies DAO founder Iman Europe sat down with The Agenda podcast to discuss how her Web3-based project promotes wellness among music workers. Talk to any musician who has “made it,” and they’ll say that achieving fame is both a gift and a curse. While success in entertainment can obviously bring many positives,…
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Coinbase’s offshore derivatives exchange has experienced a significant surge in trading activity, with volumes approaching $300 million per day. According to data from The Block’s data dashboard, Coinbase International, which facilitates trading in perpetual futures contracts, has consistently surpassed $100 million in daily volumes since August 14. On August 18, the platform’s volumes reached an impressive $287…
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Payments giant Mastercard has established a forum to facilitate discussions and collaboration among industry players in the cryptocurrency sphere regarding central bank digital currencies (CBDCs). In a Thursday blog post, Mastercard said that the CBDC Partner Program has already attracted key participants such as Ripple, Fireblocks, and Consensys. The primary objective of this program is to foster dialogue and encourage innovation and…
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Hong Kong has set its sights on becoming a major crypto hub as the region actively promotes the development of Web3. The Securities and Futures Commission (SFC), the country’s main financial regulator, is ostensibly accompanying this ambition with plans to regulate the crypto space by granting licenses for retail crypto exchanges. As of late, Hong Kong has also…
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