Coinbase will offer custody of MakerDAO’s USDC treasury worth about $1.59 billion. The deal allows the DAO to earn nearly 1.4% rewards on the funds. Coinbase submitted the proposal on 6th September and got approved by 70% of votes on Monday 25th October. USDC represents one-third of the treasury and allows users to deposit collateral […]
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In June 2022, the market cap gap between USDC and USDT was only about $10B. It seemed as if USDC was closing the gap and overtaking USDT, its biggest rival. The two most popular stablecoins began the year with a market cap gap of nearly $36B. However, a recent shift of events has seen Tether’s(USDT) […]
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Arbitrum, an Ethereum Layer2 solution, looks to regain its lost charm in the cryptocurrency space. The roll-up solution will undergo a massive Nitro upgrade next week. Meanwhile, Arbitrum witnessed an enormous surge in daily transactions, crossing 180,000 this week. Indeed, Arbitrum appears healthy compared to its rival, Optimism. Arbitrum’s organic growth saw it maintaining a […]
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In the past months, there have been a series of attacks by hackers on cross-chain bridges. These attacks have caused serious damage to the cryptocurrency community. Meanwhile, the latest attack was on the popular cross-chain bridge, Horizon Bridge, owned by Harmony. Given the recent economic downturn, this is a huge blow to the DeFi platform. […]
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On June 16th, the US Federal Reserve raised the interest rate by about 0.75%. This is the single largest increment in the last 30 years. Meanwhile, the Reserve Bank noted that more increments would come later in the year. The hike was aimed at counteracting the increasing inflation in the country. Meanwhile, following the announcement […]
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Globally, the usage of digital currencies has increased over the years. In addition, various financial institutions have made it easy for users to buy and sell cryptos. One of the available options for users is the use of crypto ATMs. Bitcoin of America Continues To Install More Crypto ATMs Meanwhile, Bitcoin of America, a BTC […]
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MATIC recorded a new ATH of $2.92. The alternative token has possibilities of exploring further surges before this year’s end. The run-up saw Polygon claiming the 14th spot in the crypto-list by market cap. Polygon (MATIC/USD) is a scalability blockchain network and a framework connecting and building Ethereum-compatible blockchain networks. It’s a Layer2 aggregator that […]
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The globally recognized decentralized exchange ‘Uniswap’ has declared the exclusion of a lot of tokens out of the interface of its application. On July 23rd, an announcement was made by Uniswap Labs, which emphasized the removal of tokens only from the interface of the application as well as the protocol is still immutable. Uniswap Labs, […]
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A prominent finance market of ‘DeFi’ named Aave has declared to issue an authorized version of the platform for the organizational investors. The authorized deployment of the platform will be launched within this month to fulfill the demand of several organizations. The launch is being conducted in association with Fireblocks (a crypto service provider and […]
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Student Coin (STC) got itself listed on Bitcoin.com’s Exchange recently. Trades already started to take place on the platform on 13 May 2021. At Bitcoin.com’s Exchange, STC will be traded with Ethereum, Bitcoin, and USDT. STC is a new entrant in the digital asset industry as it is also a piece and parcel of a […]
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“SATS” which is also known by the name “satoshis” is the least unit of Bitcoin. An easy way to understand SATS is that it can be regarded as a “cent” which is a piece and parcel of a dollar bill. Similarly, if one were to take out one cent from Bitcoin, then it would look […]
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Nervos Network (CKB) surged by a massive amount of 341% in a single month as its plans to introduce a Defi platform and to launch a new layer-2 offering that may prove to be beneficial. The crypto-asset market is still struggling and in the phase of finding a credible solution for the constantly increasing fees […]
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SushiSwap, a decentralized exchange platform, has recently announced the initiation of a new platform called Kashi for public use. Kashi’s main goal is to provide users and traders the ability to borrow assets to build a structure for themselves, then paying it back later down the line when the structure is established. This way, it […]
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A communication app known as FortKnoxster has revealed the listing of their token FKX on the Uniswap exchange platform. This is the second exchange that the company Fortknoxster has approached, aiming to make the FKX token gain a solid place in the market and improve the overall value, availability, and usability of the token. FKX […]
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Binance Smart Chain-based decentralized exchange (DEX) Pancakeswap has rapidly emerged as one of the top decentralized exchanges present in the DeFi market. It has taken place in the list of the world’s top-ranking DEXs after the daily trading volume on its trading platform spiked high to touch a record level. Pancakeswap Is Now One Of […]
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Uniswap, the leading decentralized exchange (DEX) platform from the world of decentralized finance (DeFi), has pumped up the popularity of the industry further with its latest achievement. The total trading volume of this DEX reached a record level after adding $20 billion in just one month. Uniswap Is The First-Ever DEX To Achieve This Milestone […]
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The prominent decentralized exchange protocol Uniswap has surpassed the major digital currency exchange Coinbase in terms of the monthly trading volume. According to the new data presented by Dune Analytics, the monthly trading volume of Uniswap exceeded the $15 billion figure in the month of September. Dune Analytics data says that the San Francisco-based leading […]
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