Circle CEO Jeremy Allaire estimates as much as 70% of USD Coin (USDC) adoption comes from countries outside of the United States. On Aug. 8 tweet to his 131,300 followers on X (Twitter), Allaire said ...
Category: Tech
Live Tech News Updates.
Tetra Deploys Staking Functionality Through Strategic Partnership with Kiln
CALGARY, Alberta–(BUSINESS WIRE)–Tetra Trust Company (Tetra), Canada’s only licensed custody solution for digital assets, is rolling out increased staking functionality through its strategic partnersh...
FTX’s Sam Bankman-Fried Will Still Face Campaign Finance-Related Charge, DOJ Says
“And as part of the originally charged money laundering scheme, the defendant also concealed the source of his fraudulent proceeds through political straw donations,” the DOJ said. “...
Brazil to launch CBDC ‘DREX’ in 2024 said to improve financial accessibility amid centralization concerns
The Central Bank of Brazil has unveiled its upcoming digital currency, ‘DREX.’ As reported in a live video from the Central Bank, DREX will be a digital representation of the Brazilian real, with the ...
SEC Would Have Lost Against DOGE 10 Years Ago, Founder Explains Why
Yuri Molchan One of Dogecoin creators positive that US regulator would have been unable to win against him in court Contents Twitter posting brings more money than making popular crypto “SEC wou...
DeFi Protocol Dolomite Unveils Zap: A Breakthrough Collateral Solution for Arbitrum Users
Dolomite, a DeFi lending protocol, has recently shared details of its latest advancement, Zap. This new collateral solution, tailored for the Arbitrum network, works to refine capital deployment techn...
Circle CEO Says Just 30% of USDC Adoption Occurs in US
Circle CEO Jeremy Allaire said that a whopping 70% of USDC adoption comes from outside the United States. “Despite the hype that we’re all about the US, we estimate that 70% of USDC adoption is ...
BNB Price Analysis: $250 Amid Regulatory Pressure?
With the US Department of Justice officials considering a fraud charge against Binance, the BNB coin price took a massive hit last week. A remarkable selling spree fueled by FUD, crashed BNB price by ...
Undeads X AMA Session With BeInCrypto
Today we welcome the CMO of Undeads metaverse – Ash Hodgetts (@ashgame). Guys, I’m sure this AMA will be one of the most interesting AMAs we have ever hosted! Let’s start with the basics, Ash. Please...
US to add $5.2 billion to its debt every day…
According to Bank of America analyst Michael Hartnett, the US government debt is predicted to rise to $50 trillion by 2033. This is the astonishing and ridiculous state our financial system has got i...
DeFi Project QiDao Uses Chainlink’s CCIP Tech to Automate Key Functions
Key takeaways QiDao has announced that it will integrate Chainlink’s CCIP across Ethereum, Polygon, Optimism, Arbitrum, and Avalanche CCIP enables automated cross-chain messaging and improved securit...
Why Are SHIB Whales Accumulating Trillions of Shiba Inu Tokens Now?
Shiba Inu has always been an explosive cryptocurrency to watch ever since it was launched. Even though it has become one of the largest coins by means of total market capitalization, its sudden moves ...
Why is Hedera (HBAR) trending?
The Hedera (HBAR) token price has increased by 16% over the past week. Hedera (HBAR) recently announced a strategic partnership with FreshSupplyCoAu to integrate with the Continuity API. The integrati...
HEX is dead—will it go down as the largest Ponzi scheme in digital currency history?
Not long ago, Richard Schueler, aka Richard Heart, was on top of the world. Having launched and begun promoting HEX, marketed as the world’s first blockchain Certificate of Deposit in 2018, Heart regu...
CoinsPaid Accuses North Korean Hackers Of Phony Job Interview To Steal $37 Million
CoinsPaid, a cryptocurrency payments company headquartered in Estonia, has raised suspicions that the Lazarus Group, a group of hackers from North Korea, managed to breach its systems by utilizing dec...
Worldcoin’s Privacy Storm: Kenyan Government Investigates Compliance Amid Controversial Digital ID Launch
Following the recent suspension of Worldcoin’s operations in Kenya on Aug 2, the Kenyan government has initiated an investigation into the project’s compliance with strict citizen privacy rights. The ...
Will Coinbase Stock Price Reclaim $100 Mark in August?
Published 1 hour ago For nearly a month, the Coinbase stock price has been in a steady correction, wobbling between the two trendlines of the falling channel. The daily time frame shows the pullback i...
Bitstamp to Expand Derivatives Trading in Europe amid Fundraise
Bitstamp is also looking to expand its operations in the UK after securing the FCA license earlier this year. One of the oldest cryptocurrency exchanges Bitstamp is looking to expand its footprint and...
Mahjong Meta Unveils Revolutionary Web3 Esports Platform, Official Launch on August 7th
Hong Kong, Hong Kong, August 8th, 2023, Chainwire Mahjong Meta, the web3 Riichi Mahjong esports platform, is excited to announce the official launch of its highly anticipated game on August 7th. After...
Kraken Opens BRICK and MOON Trading for Reddit Community
Kraken initiates trading for BRICK and MOON tokens, expanding its crypto offerings. Users can fund holdings of BRICK and MOON exclusively via the Arbitrum Nova network. MOON and BRICK tokens empower u...
Litecoin halves miner rewards, InQubeta draws fresh investor interest
Litecoin (LTC) recently marked its third block reward halving milestone. This event will impact the supply dynamics of LTC and bring attention to the coin’s valuation. Amidst this development, the art...
Zoom updates terms after backlash, won’t train AI without consent
Video-conferencing platform Zoom has updated its terms of service after widespread backlash over a section concerning AI data scraping, clarifying that it won’t use user content to train artificial in...
PayPal stablecoin can be frozen like Tether and Circle
PayPal has finally launched its oft-delayed stablecoin in partnership with Paxos. The token was delayed amid increasing regulatory scrutiny around Binance USD, another Paxos stablecoin. The launch of ...
Bitmain, Anchorage Expected to Take Equity in CORZ as Part of Bankruptcy Plan
Companies that have lent funds to Core Scientific to buy equipment can elect to either have their claims converted into equity fully, or take on secured debt in the emerging company at 80% of the valu...
Shiba Inu Burn Tracker Asks SEC Chair Gensler to Resign
Shiba Inu’s burn tracker has shared a tip to Gary Gensler, asking him to resign as the United States Securities and Exchange Commission chairperson. In a surprising development, Shibburn, Shiba Inu’s...
Cardano DEX MuesliSwap Addresses Slippage Concerns, Announces Refunds
Alex Dovbnya MuesliSwap, prominent decentralized exchange (DEX) on Cardano network, has responded to user concerns about its slippage feature by announcing comprehensive refund for affected customers ...
Tether’s CTO Discusses Impact Post PayPal’s Stablecoin Launch
PYUSD is developed on the Ethereum blockchain. In terms of market cap, Tether (USDT) is the biggest stablecoin. Paolo Ardoino, CTO of Tether, gave his thoughts on PayPal’s stablecoin launch. In terms ...
AVAX Price Check: Bounceback Potential Towards $12?”
With an extensive selling phase in action, the AVAX price is 19.24% below the previous swing high of $15.59 within 25 days. The downward trend results in a strong resistance trendline keeping the bull...
Circle CEO addresses USDC liquidity concerns, welcomes PayPal move into stablecoins
Jeremy Allaire, Circle CEO, confirmed that USD Coin (USDC) saw more redemptions than issuance over the past month, according to an Aug. 7 tweet. Allaire stated that Circle issued $5 billion worth of U...
OpenAI Introduces GPTBot: A New Web Crawler for Data Access with Opt-Out Options
OpenAI has introduced a new web crawler named GPTBot, designed to access data from various websites to potentially enhance its large language models, such as ChatGPT 4, and possibly gather data for fu...
FTX Attorneys Face Second Lawsuit for Allegedly Aiding in Fraud
The law firm representing FTX, Fenwick & West, has been slapped with a class action lawsuit by a group of FTX customers for allegedly aiding in fraud. Fenwick & West, the law firm representing...
USDC Stablecoin Faces Competition Despite Growth Outside US
Circle CEO Jeremy Allaire has refuted that the firm focuses solely on the American market. In a tweet on Monday, Allaire asserted that a substantial portion of their business comes from abroad. The ex...