The stablecoin issuer, Circle, has partnered with SBI Holdings, a Tokyo-based financial services firm, in an effort to drive the adoption of USD Coin (USDC) and Web3 services in Japan. This collaboration aims to leverage the recently revised Payment Services Act in Japan, which established regulations for stablecoins, and propel the transition towards a Web3
Altcoins
The price of XRP (XRP) may see a significant rally of over 20% in the coming weeks due to a classic bullish continuation setup known as the bull flag pattern. This pattern typically forms when the price of an asset consolidates within a parallel channel after experiencing a strong uptrend. The bull flag pattern is
It’s not every day that you hear about a film director using a substantial portion of their budget to bet on a volatile cryptocurrency. However, Carl Erik Rinsch, the director of Netflix’s sci-fi series Conquest, reportedly did just that with Dogecoin. The consequences? A windfall of $27 million and a bitter arbitration battle with Netflix
Bitcoin’s market dominance has long been considered an important indicator of its strength in the cryptocurrency market. However, a closer analysis reveals that the concept of “Bitcoin dominance” may not provide as much insight as it initially appears. This article will explore the limitations of this metric and the broader dynamics at play in the
The Fantom Foundation, a nonprofit organization responsible for developing the Fantom blockchain platform, recently addressed a significant vulnerability following a hack that resulted in the loss of $550,000 worth of funds. Occurring on October 17, the hack targeted the foundation’s hot wallet. An unidentified attacker managed to drain 1% of the Fantom Foundation’s funds. In
The company behind Atomic Wallet, an Estonian firm, has requested a United States court to dismiss a class action suit seeking damages from a $100-million hack. The suit alleges that Atomic Wallet failed to provide adequate security measures, resulting in the exploitation of the wallets of up to 5,500 users. However, the company argues that
It has been a year since the demise of the FTX exchange, an event that had a significant impact on the cryptocurrency market. The collapse resulted in a loss of nearly $300 billion in market cap, affecting various cryptocurrencies. Tokens with deep financial ties to FTX, such as Solana (SOL), Serum (SRM), and the native
Yearn.Finance’s governance token (YFI) has experienced a significant decline, plummeting over 43% in just five hours on November 18th. This sharp drop comes after the token rallied almost 170% earlier in the month, causing concerns among investors and sparking fears about a possible exit scam. The decline wiped out over $300 million in market capitalization
The decentralized finance (DeFi) market has long been known for its exhilarating highs and devastating lows. It has emerged as one of the most thrilling and volatile sectors in the realm of cryptocurrencies, second only to Bitcoin (BTC). In the year 2020, the DeFi sector experienced a remarkable bull market, propelling the total value locked
The New York State Department of Financial Services (NYDFS) has recently introduced tighter guidelines for firms listing and delisting cryptocurrencies in order to enhance investor protection. These new restrictions, unveiled on November 15, now require crypto companies to submit their coin listing and delisting policies for approval by the NYDFS. The goal is to ensure
