During the last 12 months the stablecoin economy has grown massive and the current valuation today is only $13 billion away from tapping the $200 billion mark. This month, the two biggest gainers in terms of 30-day issuance include Terra’s UST jumping 29.9% and Neutrino Protocol’s USDN spiking 43.8%.
Stablecoin Market Capitalization Continues to Swell,…
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Ripple CEO Garlington claims a “big win” in the dismissal of an SEC motion while remaining silent about the ruling on his own motion. Southern New York District Court Judge Analisa Torres issued two rulings Friday on motions filed in the Security and Exchange Commission (SEC) lawsuit against Ripple Labs. Ripple argued that it was…
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PRESS RELEASE. GensoKishi Online Metaworld is a GameFi and metaverse incarnation of the award winning Nintendo Switch/PS4 game “Elemental Knights”. Genoskishi Online has set numerous records since releasing its website and various social networking sites on December 2, 2021. The community has grown to over 230k members since its release. The launch on Trsutpad sold…
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Tesla and Spacex CEO Elon Musk has revealed that his two companies are seeing significant inflation pressure in raw materials and logistics. He advised people to own physical things when inflation is high but stressed he will not sell his cryptocurrencies: bitcoin, ether, and dogecoin. Elon Musk Discusses High Inflation The CEO of Tesla and…
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Monthly volumes show NFT values decreasing, but blockchain gaming projects are ignoring the downturn by refining their play-and-earn mechanics. Nonfungible tokens (NFTs) were in a strong bull run from Jan. 1 to mid-February. During this time, OpenSea volumes topped $5 billion and then fell to $3.6 billion toward the end of February. This could have…
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Chainalysis helps regulators, financial organizations and governments reduce their compliance workload by deploying Chainalysis Reactor or other Chainalysis products. Do Coinbase and Binance use Chainalysis for compliance? Both Coinbase and Binance use Chainalysis software to monitor crypto transactions and comply with AML regulations. Chainalysis assists Coinbase with AML enforcement. Coinbase has emerged as a crypto…
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A man from Brockton, Massachusetts was sentenced to eight years in prison and forced to forfeit 59 bitcoin worth $2.3 million, after he was caught selling Xanax, ecstasy, and ketamine on the deep web. Massachusetts U.S. Attorney Rachael Rollins stressed during the announcement that the government has entered the cyber world, and she insists they…
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The central People’s Bank of China (PBoC) has added new functionality to its pilot digital yuan app – but it appears that some citizens are already trying to commit crimes using the new token, and have attempted to use it to launder money. Per IT Home, the PBoC’s app, which debuted in 11 cities…
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Proof-of-work mining escaped severe regulatory pressure, but crypto derivatives and CNY Tether premium show investors’ lack of excitement. After Bitcoin (BTC) faced its third consecutive rejection, investors became more confident in adding altcoin positions. For the leading cryptocurrency, the path to $50,000 appears more challenging than previously expected. According to Euronews Next, on March 14,…
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Non-fungible tokens (NFTs) are poised to become “critical pieces of the sports technology infrastructure,” PricewaterhouseCoopers LLP (PwC), a multinational professional services network that offers business advisory services, said in its latest report. Titled ‘Sports Outlook 2022,’ the report dives into the potential of NFTs within the sports industry, arguing that digital assets are among…
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