Nima Capital, a venture capital firm and longstanding capital partner of Synapse, recently dumped 9 million SYN tokens, causing the price of the native token to crash by over 22%. The project confirmed that there was no security breach of the protocol or bridge. Data from Etherscan showed that the unidentified whale responsible for selling […]
Tether, a major stablecoin issuer, has become the 22nd largest holder of US Treasury bills (T-bills). This puts Tether ahead of several countries, including the United Arab Emirates, Australia, and Mexico, in terms of US debt holdings. Tether currently has a market capitalization of around $82.9 billion, with nearly 87% of that capitalization backed by […]
Domini ($DOMI) is a blockchain-based version of the traditional art market, allowing users to access blue-chip artworks at a fraction of the price. It uses NFTs and fractionalization to convert artworks into digital assets and split their ownership into smaller parts. The Domini ($DOMI) marketplace helps users build a diverse portfolio by trading asset ownership […]
Visa has expanded its stablecoin settlement capabilities to merchant acquirers, launching pilots with Worldpay and Nuvei using the Solana blockchain. This follows successful trials with Crypto.com, where the Australian card program’s cross-border volume was paid for using Ethereum-based USDC. The integration of USDC into the Visa ecosystem is expected to shorten settlement periods for businesses […]
Tether, a stablecoin issuer, has become one of the top buyers of United States Treasury bills in the world, according to a post by Tether CTO Paolo Ardoino. Ardoino highlighted that Tether currently has an exposure of $72.5 billion in US T-bills, ranking above many countries like Spain, Mexico, Australia and the United Arab Emirates. […]
The South Korean government is planning to submit a bill that will enable it to track and freeze crypto assets used by North Korea for its weapons program. The bill includes provisions for the monitoring and mitigating of cryptocurrency assets stolen by North Korea through hacking activities, and seeks to augment the sanctions against the […]
Bad Idea AI ($BAD) is a groundbreaking AI crypto project in the blockchain and DAOs industry. The project has announced its official utility token listing on the MEXC Exchange, with the BAD/USDT trading pair available starting 12:00 UTC on September 5, 2023. The decision to list on MEXC was made collaboratively through advanced AI analytics […]
The Financial Services Agency (FSA) of Japan has proposed to change the tax code in regard to digital assets. The most notable suggestion is to free domestic firms from the end-of-the-year “unrealized gains” tax on crypto. The amendment, proposed by the FSA, has the potential to be effected, as the Agency states that the Ministry […]
Bitcoin has been on a bull run for the past six months, and according to BitMEX co-founder and former CEO Arthur Hayes, the market is yet to respond but will in the next six to 12 months. Hayes argued that the bull run began on March 10, the day Silicon Valley Bank (SVB) was taken […]
Sonik Coin has achieved a milestone of $1 million in its presale in less than three weeks, with the presale ending in less than 48 hours. The project has a staking pool and reward system, which should help it remain relevant and sustainable for years. Crypto analysts predict that the token could grow by 10 […]
