Category Archive: Cryptocurrency, No picture
Circle to let Solana devs pay for users’ gas fees with Gas Station
Circle has officially extended its Web3 Services to the Solana blockchain, integrating Programmable Wallets and Gas Station. Both tools are designed to enhance the developer experience by simplifying the creation of on-chain applications. These services aim to alleviate the technical burdens of managing private key security and transaction fees, allowing developers to concentrate on scaling […]
Ripple to launch RLUSD stablecoin on Ethereum and XRPL later this year
Ripple has recently shared additional details about the imminent launch of its new stablecoin. In a recent announcement, the company revealed that the stablecoin, named Ripple USD (RLUSD), is set to launch on the XRP Ledger and the Ethereum blockchain later this year. Introducing Ripple USD (RLUSD): A 1:1 USD-backed stablecoin, offering transparency and stability […]
Terraform Labs settles SEC lawsuit for $4.47 billion
Terraform Labs Pte. has agreed to a $4.47 billion settlement with the US Securities and Exchange Commission (SEC), as reported by Bloomberg Law. This resolution comes in the aftermath of the company’s 2022 collapse, which erased $40 billion of investor assets and sent shockwaves through the crypto market. The SEC confirmed the agreement on Wednesday, […]
Andrew Tate’s DADDY token shows “huge insider activity”; investigator profile blocked
An investigation by Bubblemaps recently identified substantial insider trader activity related to Andrew Tate’s token DADDY. Insiders reportedly acquired 30% of the token’s supply at its inception, before Tate’s promotion on social media platforms. These insiders allegedly hold over $45 million worth of $DADDY currently. Following the publication, Tate blocked Bubblemaps on X.The DADDY deployer […]
Solana Labs introduces Web3 gateway for luxury brands
Solana Labs announced a new platform for luxury brands called Bond, aimed at leveraging blockchain to offer personalized, transparent customer experiences that foster deeper connections and long-term loyalty. According to the announcement, the platform addresses the disconnect between brands and consumers when products change hands, which can obscure customer data and hinder relationship building. Bond’s […]
Aethir launches mainnet on Ethereum, token skyrockets by 100% in 2 hours
DePIN protocol Aethir has officially launched its decentralized cloud computing network on the Ethereum mainnet, along with its native token ATH. In the last two hours since its launch, the token leaped nearly 100%, data aggregator CoinGecko shows.Aethir’s platform enables the renting of high-performance compute resources for AI training or digital content rendering. Its economy […]
Crypto execs court Labour as UK election looms
UK Prime Minister Rishi Sunak recently announced a snap election, placing the country’s political situation into uncertainty and turmoil. In response, crypto executives have turned to the competition to gather support and lobby for clearer crypto regulation.According to a report from Bloomberg, two nights prior to Sunak’s announcement, crypto executives gathered on a House of […]
MetaMask rolls out native Ethereum staking in its wallet
MetaMask announced today its Pooled Staking function, enabling users to stake any amount of Ether (ETH) and earn rewards natively on the wallet. According to the announcement, this new feature from Consensys allows users to participate in the broader Ethereum’s security, previously limited to those with 32 ETH or more. “With Pooled Staking, MetaMask users […]
Bitcoin potential upside muted by hedge funds shorting futures, Glassnode reports
Despite the impressive flows registered by spot Bitcoin exchange-traded funds (ETFs) in the US have seen impressive inflows, the expected positive impact on the market prices is being hindered by a strategy called “cash-and-carry.” According to on-chain analysis firm Glassnode, investors are longing Bitcoin through US Spot ETFs and shorting the asset via futures traded […]
Tether to invest $1 billion in startups until 2025, says Paolo Ardoino
Tether is set to channel over $1 billion into various deals within the coming year, as revealed by CEO Paolo Ardoino in a Bloomberg interview. Through its venture arm called Tether Investments, the company will focus on alternative financial infrastructure, artificial intelligence (AI), and biotech. Notably, Ardoino revealed that Tether Investments’ team is already actively […]
