In wake of the Pepe Coin (PEPE)’s 40% price pump on Tuesday, profit-taking Pepe holders are shifting funds to a new crypto token for 100x potential gains. PEPE’s abrupt rally to its highest levels since last May comes after it broke above key resistance at $0.00000188. Last just above $0.0000026, PEPE’s market cap was last…
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Quantitative research firm Gauntlet has joined Morpho, a trustless decentralized finance (DeFi) lending protocol, as a risk curator following its departure from Aave (AAVE). Gauntlet specializes in risk management and will collaborate with Morpho to design transparent and automated lending vaults for users, the company said in a press release shared with Cryptonews.com. Morpho’s lending protocol,…
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Suzhou, China, has reported that more than 29.16 million residents now have digital yuan wallets, as the nation’s CBDC project continues to gather pace. According to a Weibo post from the Suzhou Radio and Television Station, Suzhou-based individuals and firms transacted a total of over $416,811,390,000 worth of CBDC in 2023. Suzhou: China’s CBDC Success…
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Balance, a digital asset custodian based in Canada, has revealed that it has once again achieved $2 billion in assets under custody (AUC) amid the recent recovery in crypto markets. With Bitcoin’s (BTC) value more than doubling over the past year and crossing $1 trillion in market cap, Balance has seen a resurgence in its crypto assets,…
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Kraken, a prominent cryptocurrency exchange, has filed to dismiss the Securities and Exchange Commission lawsuit saying that allowing this case to continue would set a “dangerous precedent.” In the filing, Kraken has requested that the court dismiss the SEC’s case filed in November. The SEC alleged in November that the exchange’s parent companies were operating…
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The independent risk manager Gauntlet has terminated its services for Aave. In a post on the Aave forum, John Morrow, co-founder of Gauntlet, pointed to the challenges of working with the decentralized autonomous organization‘s unclear instructions and goals as the reason for this decision. “It is because of all this that it pains us to…
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The Hong Kong government aims to submit licensing bills for stablecoin and over-the-counter (OTC) crypto trading frameworks in order to regulate the crypto industry and enhance investor protection. Christopher Hui, the Secretary for Financial Services and the Treasury, made the announcement in response to a lawmaker at the Legislative Council. The Financial Services and the…
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The Central Bank of the Republic of Türkiye (CBRT) has completed the phase 1 of its digital Turkish lira. It is now planning to move on to advanced phases to carry out “more widespread pilot tests.” Per a recent evaluation report, the bank is preparing for all aspects of the circulation of the CBDC. The…
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Optimism has launched its fourth airdrop, allocating $41 million in OP tokens specifically prioritizing digital artists. According to a blog post by Optimism, over 22,998 addresses benefited from the distribution of over 10.3 million OP tokens. The selection was based on the artists’ activity in the Ethereum and Optimism ecosystems during a defined period. Optimism…
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Airdrops have become a popular way for those involved in digital currencies to receive extra tokens, essentially free money, just for being part of a cryptocurrency community. They work by distributing new tokens directly into the wallets of active participants as a reward or promotional boost, without any cost to the recipients. Let’s dive into…
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