Category Archive: Cryptocurrency, No picture
Bitcoin DeFi security concerns still lurk, says Fireblocks executive
A Bitcoin (BTC) decentralized ecosystem has been in rapid development in 2024, with its total value locked (TVL) jumping 263% so far and surpassing $1 billion, according to data aggregator DefiLlama. Nevertheless, as a nascent sector where builders try to create applications compatible with other blockchains, new security issues might surface while it grows. Shahar Madar, […]
VanEck forecasts Ethereum to reach up to $154,000 by 2030
Asset manager VanEck projected the Ethereum (ETH) at $22,000 by 2030, according to a recent report. This represents a 487% increase from current levels, and VanEck bases its forecast on Ethereum’s anticipated generation of $66 billion in “free cashflows.”The report puts a heavy weight into Ethereum’s stablecoin landscape, as the blockchain settled $4 trillion in […]
US employment data reinforces rate cuts, boosting crypto: Nansen analyst
The US ADP National Employment Report increased by 152,000 in May, below the expected number of 175,000 and the smallest increase since January. The ADP measures the monthly change in non-farm and private employment and a result below the expected signals that employment growth and wage growth are slowing down.Aurelie Barthere, Principal Research Analyst at […]
RWA industry still faces regulatory and infrastructure challenges, says eSync executive
The tokenized US Treasuries market surpassed the $1.5 billion market on June 4th and serves as an important metric on how tokenization of real-world assets (RWA) is growing as an industry. Nevertheless, this market is still distant from its traditional counterpart, as the US government sold a record $23 trillion in Treasuries last year, as […]
Paxos launches Lift Dollar, a rebased yield-generating stablecoin
Paxos, has introduced a new stablecoin called Lift Dollar (USDL) through its UAE-based entity, Paxos International. USDL is designed to generate yield for its holders, offering a programmatic daily rate of around 5%, which is aligned with returns on US Treasury bonds.The stablecoin is regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi […]
SEC Chairman Gensler weighs in on approving more token ETFs
SEC’s Chairman Gary Gensler was questioned today on CNBC’s Squawk on the Street about the possible approval of exchange-traded funds (ETF) indexed to tokens such as Osmosis (OSMO) and Bonk (BONK) in the US. Jim Cramer, one of the show’s hosts, highlighted how multiple tokens registered millions in trading volume “this very morning,” and questioned […]
DMM Bitcoin announces compensation strategy for hack victims
Japanese crypto exchange DMM Bitcoin has announced its plan to pay back victims of a recent unauthorized leak of 4,502.9 BTC, worth approximately $305.1 million at the time of the theft. The company has secured funding through a loan and plans to raise additional capital to ensure full reimbursement for affected customers. In a translated […]
Vitalik Buterin critiques celebrity memecoin trend, outlines criteria for respectable projects
Ethereum co-founder Vitalik Buterin has expressed his dissatisfaction with the recent surge of celebrity memecoin releases.Buterin argued that the goal of a project should be to provide value to society and leave participants feeling satisfied and happy to have been involved, even if the tokens eventually become worthless. Buterin’s comments came in response to a […]
Crypto startups secure $777 million from VC funds in May
Crypto startups captured $777 million in investments from venture capital (VC) funds in May, according to data aggregator DefiLlama. This is a 17% slide from the total amount netted in April, and the second consecutive month of VC capital slowing down.Projects focused on building blockchain infrastructure received $630 million last month, representing 81% of the […]
Crypto firms targeted in potential email vendor breach, warns Tether CEO
Tether CEO Paolo Ardoino has issued a warning that a prominent email newsletter vendor used by crypto companies may have been compromised in what could possibly be a supply chain attack against the crypto industry.Ardoino shared this information on X (formerly Twitter), suggesting that the incident could be a supply chain attack targeting the crypto […]
