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TUSD Leverages Chainlink Proof of Reserve for Real-Time Verification of Stablecoin Minting
23.2.2023
On Wednesday, the stablecoin project Trueusd announced that it is leveraging Chainlink Proof of Reserve (POR) technology to provide real-time verification for the minting of trueusd tokens. The trueusd crypto asset has a circulating supply of over 968 million tokens and is the sixth-largest...
Klaytn Foundation Proposes Burning 5.28B KLAY Tokens, Cutting Token Supply by Nearly 50%
22.2.2023
The proposal suggests an initial burning of 73% of the reserve supply, amounting to 5.28 billion KLAY tokens or approximately 48% of the total token supply
Green consumers want supply chain transparency via blockchain
21.2.2023
Ethical consumption is a trend on the rise as the world grapples with exhausted landscapes. Initiatives like the EU Digital Product Passport may force the trend forward
Ethereum’s Transition to Proof-of-Stake Yields Deflationary Results
20.2.2023
After the transition from proof-of-work (PoW) to proof-of-stake (PoS), Ethereum’s annual issuance rate has been reduced to negative 0.057%, according to statistics 158 days after The Merge. The metrics indicate that more ethereum tokens have been removed than issued, and if the chain were...
9 promising blockchain use cases in healthcare industry
20.2.2023
Blockchain enables healthcare record management, clinical trial transparency, efficient supply chain management and more
Nearly 3 Billion BUSD Stablecoins Have Been Removed From the Market in 6 Days
20.2.2023
Six days ago, a few hours before the blockchain infrastructure platform Paxos announced it would no longer mint BUSD stablecoins, $2.86 billion worth of BUSD were redeemed. Currently, Binance is the most active exchange trading BUSD tokens, and the stablecoin still commands roughly 10.7% of...
What are the applications of NFTs in supply chains?
15.2.2023
PFP NFTs have seen a lot of adoption over the years. Can NFTs be valuable in real-world scenarios and address pain points with supply chains?
Ethereum supply plunges 37% on crypto exchange post the Merge upgrade
15.2.2023
The decline in exchange supply, especially just weeks before the Shanghai upgrade, is being seen as a bullish sign
Stablecoin Market Sees Supply Increase for Tether as Competitors Decline in Light of Recent Regulatory Developments
14.2.2023
While the stablecoin market has seen significant redemptions in the past three months, the supply of tether, the largest stablecoin by market capitalization, has increased by 2.46 billion since mid-November 2022. Tether is the only one of the top five stablecoins by market valuation that has seen...
Paxos Receives Wells Notice from SEC, NYDFS Orders Issuer to Stop Minting BUSD
13.2.2023
According to a report published on Feb. 12, 2023, the New York-based financial institution and technology company, Paxos, has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) regarding alleged violations of investor protection laws. Paxos revealed the following...
Monetary policy: Definition, types and tools
12.2.2023
Monetary policy refers to the actions taken by a central bank to manage the money supply and interest rates in an economy
Following APT’s 400% Rise Since Late December, Aptos Drops 20% From All-Time High
1.2.2023
On Jan. 26, 2023, the cryptocurrency asset aptos (APT) reached an all-time high and then lost 20% of its value over the next five days. In the past 24 hours, it also shed 8.3% against the U.S. dollar. Despite the decline from its all-time high, APT is still up 349% compared to last month’s...
Russians Offered Ready-made Crypto Exchange Accounts Amid Restrictions
31.1.2023
Russian crypto traders have been looking to obtain unrestricted accounts for global exchanges as their access to such platforms is limited. Over the past year, the offering of such accounts on the dark web has increased significantly, cybersecurity experts told the Russian press. Supply of Crypto...
Bitcoin miner Hut 8 takes stoush with Ontario power supplier to court
27.1.2023
The lawsuit escalates a months-long dispute between the crypto miner and one of its energy suppliers in Canada
JPMorgan CEO Jamie Dimon Calls Bitcoin ‘Hyped-up Fraud’ — Expects Satoshi Nakamoto to Increase BTC Supply Cap
21.1.2023
JPMorgan Chase CEO Jamie Dimon calls bitcoin “a hyped-up fraud.” The executive questioned the cryptocurrency’s supply cap, expecting a picture of bitcoin’s pseudonymous creator Satoshi Nakamoto to pop up and laugh at us all when bitcoin’s supply hits 21 million...
Wrapped Bitcoin Project Sees 18% Redemption of Circulating Supply in 54 Days
20.1.2023
Statistics show over the course of 54 days, the number of wrapped bitcoin (WBTC) hosted on the Ethereum network has decreased by 40,156. This equates to a more than 18% redemption of the circulating supply of WBTC since Nov. 27, 2022. WBTC Remains Largest Operation in Terms of Bitcoin Custody...
Bitcoin Supply in Profit Metric Hits 4-month High – What This Means for BTC Price
20.1.2023
A 30-day Exponential Moving Average of the number of Bitcoins that are “in profit” – i.e. were acquired at a time when the BTC price was lower – hit a 2-month high on the 19th of January, according to crypto data and on-chain analytics firm Glassnode.
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Bitcoin vs Ethereum: Community split between capped supply and deflationary model
16.1.2023
Bitcoin proponents argued that Ether's monetary policy has changed at least seven times while BTC has seen zero changes
Circulating Supply for The Graph’s GRT Token Jumps With Major Framework Ventures Unlock
13.1.2023
Before Framework Ventures’ on-chain actions, the 99 million GRT, worth roughly $7 million, had been sitting in the Graph’s staking contract since Feb. and March 2021
Flare airdrops token supply to Ripple Holders after two years of snapshot
13.1.2023
The holders of XRP have started receiving airdrops from Flare after 2 years since the snapshots were taken, on December 12, 2020, to be precise. At the time of drafting this article, around 15% of the token supply had been airdropped to the XRP (Ripple) holders. The remaining portion of the token...