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Circle's reserve assets backing its USDC stablecoin will be transitioned to a new money market fund managed by BlackRock, with the change set to take effect early next year. Circle Internet Financial has initiated the transfer of reserves for its USDC stablecoin into a newly established money market
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Calculations suggest that if Michael Saylor’s MicroStrategy had invested in Ethereum (ETH) instead of Bitcoin (BTC), the company would be up $1.4 billion rather than facing a $1.3 billion loss with its current BTC holdings. MicroStrategy’s $1.3 Billion Loss with Bitcoin (BTC) MicroStrategy, a key
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NFT platform ImmutableX is set to unlock approximately 110 million IMX tokens for early investors from a private sale conducted at the end of 2021. Similar to the unlock event of Axie Infinity, many anticipate significant selling pressure on IMX. ImmutableX Faces Selling Pressure Ahead of 110 Million IMX Unlock
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The blockchain project Elrond (EGLD) has announced a rebrand to MultiversX, aligning itself with the emerging focus on the metaverse and Web3. Elrond, a Layer-1 blockchain project initially launched to address scalability issues, had its Initial Exchange Offering (IEO) on Binance in 2019, garnering significant community interest. With the growing
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The CEO and CTO of the emerging blockchain project Aptos (APT) have defended the fairness of their tokenomics in response to recent criticisms. Aptos CEO Mo Shaikh (left) and CTO Avery Ching (right) The Controversial Aptos Airdrop The Aptos (APT) airdrop has been a major catalyst for the recent surge
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The price of Bitcoin (BTC) has dropped to around $20,000, the level it was at before recent macroeconomic news impacted the crypto market. Top Crypto Price Movements at 08:10 AM on 03/11/2022. Source: Coin360 In the early hours of November 3rd, the Federal Reserve (Fed) announced
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Solana has encountered another bizarre issue, this time with over 1,000 nodes being disconnected due to a cloud service provider blockage. On the evening of November 2nd, reports emerged that more than 1,000 nodes on the Solana blockchain were disconnected, resulting in over 22% of SOL staking not
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Fantom (FTM) has experienced a dramatic price surge following news that Andre Cronje, the so-called "Godfather of DeFi," is making a comeback. Update 05/11: On November 5th, Andre Cronje posted a new meme on his Twitter account, suggesting that Fantom can scale on Layer 1 without the
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Bitcoin's (BTC) value has plummeted to the $20,000 range, reverting to levels seen before recent macroeconomic news affected the crypto market. Top crypto price movements as of 08:10 AM on 03/11/2022. Source: Coin360 In the early hours of November 3rd, the Federal Reserve (Fed)
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Nikolai Mushegian, a key figure in the development of MakerDAO and its stablecoin DAI, has tragically passed away at the age of 29. On October 30th, Puerto Rican media reported that Nikolai Mushegian, a pivotal developer for MakerDAO, has unexpectedly died. The 29-year-old crypto programmer was confirmed to have drowned
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The price of Mask Network's (MASK) token has surged by 65% over the past 24 hours, drawing significant attention from the crypto community. Let's dive into the reasons behind this dramatic price pump! As the crypto market kicked off November with minimal volatility—Bitcoin hovering around
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Evmos, the platform bridging the Cosmos blockchain with Ethereum, has successfully raised $27 million through a token sale. According to CoinDesk, Tharsis Labs, the team behind Evmos on Cosmos, has completed a successful $27 million funding round. Notable participants in Evmos's token sale include Polychain Capital, Galaxy Digital,
