Blockchain

[PRESS RELEASE – Geneva, Switzerland, May 12th, 2023] Messari, a leader in crypto market research and intelligence, recently released reports on both the USDD stablecoin as well as the TRON blockchain ecosystem. “The TRON DAO team appreciates Messari’s work overall, and like normal, its objective research in these latest TRON-related reports offers data-driven, insightful remarks,” a TRON spokesperson commented. State of USDD Q1 2023 USDD is an overcollateralized stablecoin...

A judge has approved repayment for BlockFi custodial wallet holders but said interest-bearing funds still belong to the bankrupt company.  BlockFi custodial wallet users could receive a massive $300 million repayment from the bankrupt digital asset lender. On Thursday, a New Jersey judge ruled that the assets locked in BlockFi’s custodial accounts belong to clients rather than the company’s estate. However, the judge further ruled that another $375 million that users sought to transfer...

Amid the current banking crisis in the United States, stablecoin issuers like Tether and Circle have been moving their reserves to the safest instrument i.e. US Treasury. In a recent development, USDC stablecoin issuer Circle has reported that it has recently adjusted its reserve treasury in order to avoid the risks of US debt defaults. On Wednesday, May 10, Circle CEO Jeremy Allaire appraised the same stating that the firm has adjusted the mix of reserves backing the stablecoin USDC by...

Venom’s blockchain hub is also expected to attract a wide range of stakeholders, including developers, entrepreneurs, investors, and regulators. Venom Foundation, which recently hit the news with its testnet launch and hackathon, has signed a Memorandum of Understanding (MOU) with the Kenyan government. This partnership is billed to help in setting up a blockchain hub in Kenya, focusing on the development of Web 3.0 applications. As it was announced, the hub aims to promote the adoption...

Marathon said it is cooperating with the SEC to provide the requested information, highlighting that it was dedicated to abiding by all relevant laws and rules. Bitcoin mining firm Marathon Digital Holdings Inc (NASDAQ: MARA) has gotten a subpoena from the United States Securities and Exchange Commission (SEC) in connection with suspected violations of Federal securities laws. According to reports from Bloomberg, the subpoena requests the production of certain documents related to the...

The stringent measures that appear to have been established against crypto in New York, the acceptance of stablecoins for bail bonds is a win. The city of New York is currently planning to add stablecoin payments as a form of bail. According to a May 10 bill, the city is proposing legislation that will allow defendants to use fiat-backed stablecoins for bail bonds. Noting that current methods allow the use of cash, credit cards, and insurance, the new bill seeks an amendment that will make...

Both parties look forward to partnering on opportunities that support their visions and promote a thriving digital asset ecosystem. Banking corporation Standard Chartered plans to launch digital asset custody services in the Dubai International Financial Centre (DIFC). While the plans are still subject to regulatory approval, Standard Chartered said the new digital asset custody services in Dubai will focus on institutional investors. Also, one of the banking corporation subsidiaries,...

With a market capitalization of approximately $126 million, the Milady Meme Coin saw its trading volume rally above $199 million. Tech billionaire and Tesla Inc (NASDAQ: TSLA) CEO Elon Musk, has once again proved his influence in the meme coin industry through a tweet of Milady NFT. As a result, the price value of Milady-related tokens skyrocketed in the past 24 hours with increased demand demonstrated by a sharp uptick in traded volume. For instance, the floor price of Milady NFTs jumped...

John Oliver hat vor kurzem eine neue Folge ganz einem Thema gewidmet: Cryptos. Und es geht dieses Mal einmal mehr nicht wirklich um Bitcoin, sondern um Kryptos und Firmen wie Terra, Celsius und FTX. Die Folgen der John Oliver Show erscheinen jeweils regelmässig auf Youtube: John Oliver ist ein britischer Comedian und Moderator, der mit seiner Show „Last Week Tonight“ auf HBO weltweit bekannt geworden ist. Die satirische Nachrichtensendung hat sich zu einem Publikumsliebling entwickelt und...

The Shapella upgrade last month enabled validators to unstake millions of ETH from the Ethereum 2.0 contract, allowing the funds to potentially be sold on the open market. Despite this, the second-largest cryptocurrency actually increased in value after the upgrade. How come? At Consensus 2023, CryptoPotato sat down with representatives from Nansen, a blockchain analytics company, to discuss how things have looked on-chain since the final phase of the Merge.  Shanghai Defies...