Category: crypto

Binance and Circle have partnered to integrate USD Coin (USDC) across Binance’s services, promoting adoption and making USDC a key corporate treasury asset. The collaboration aims to expand USDC adoption and drive stablecoin innovation. This move follows regulatory pressures and positions USDC to compete with Tether’s USDT.

FTX debtors recovered $14.5 million in November through small claim settlements, mainly from political donations. The funds came from organizations like House Majority PAC and Senate Majority PAC, linked to FTX’s former CEO, Sam Bankman-Fried. Bankman-Fried heavily invested in lobbying and political contributions, leading to legal actions to recover misallocated assets.

A crypto user lost $7.8 million in SolvBTC due to a phishing attack. Scam Sniffer highlighted the incident, revealing the sophisticated tactics used by scammers. The attackers exploited Ethereum’s CREATE2 opcode to predict contract addresses and drain wallets. There is a rising trend of crypto scams on social media, with fake accounts impersonating influencers to…

Bitcoin’s velocity has hit a 12-year low, even as its price reaches an all-time high. This drop in velocity suggests that institutions are accumulating Bitcoin, leading to increased demand and driving up the price.

Microsoft shareholders voted against adding Bitcoin to its treasury, despite a proposal by NCPPR to allocate 1% of its total cash to BTC. The board of directors already considered alternative assets, including Bitcoin. MicroStrategy’s chairman argued that integrating BTC could lead to significant market cap growth. Amazon is also considering a similar proposal.

VanEck’s Altcoin Season Index has surged 53% in the past 30 days to 63 points, potentially signaling gains for Bitcoin. Historically, when the index surpasses 60 points, Bitcoin sees positive returns across one-, three-, and six-month timeframes. The index tracks the performance of the top 50 cryptocurrencies against Bitcoin, with recent top performers being Hedera,…

Italy’s government planned to reduce a proposed tax increase on crypto capital gains following criticism and divisions within the ruling coalition. The initial proposal aimed to raise the tax rate from 26% to 42%, but lawmakers from the League party confirmed it would be reduced. The government is under pressure to balance fiscal prudence and…

Ripple CEO Brad Garlinghouse announced that the company has received approval from the NYDFS to launch its Ripple USD stablecoin. The market is highly competitive, with Tether dominating. Other stablecoins like PYUSD and USDe have seen fluctuations in market cap. RLUSD’s success may depend on offering attractive returns to users.

Coinbase’s Project Diamond, managed by Coinbase Asset Management, has adopted the Chainlink Standard to drive institutional adoption of digital assets outside the US. The initiative, regulated by the Financial Services Regulatory Authority of the Abu Dhabi Global Market, aims to offer secure and compliant tokenized asset services and enhance cross-chain interoperability. Chainlink Labs has also…

The OORT Foundation has launched the OORT DataHub, a decentralized platform for improving data collection and labeling for AI. It aims to address challenges in AI development by reducing costs and enhancing security. The platform integrates blockchain technology and promotes ethical AI development. Oortech plans to introduce the OORT DataHub Mini App on Telegram to…