Redemption and Reshuffling: BUSD’s Exit From Top 10 Cryptocurrencies Shakes Market Valuations
It has been 21 days since Paxos revealed that it could now not mint the stablecoin BUSD. Since then, over 7 billion BUSD stablecoins have...
Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range
The realm of stablecoins is an ever-evolving panorama and the variety of cash in circulation for the stablecoin BUSD has fallen beneath the ten billion...
Crypto Economy Swelled 80,466% Since 2013, Despite $1.5 Trillion Loss in 2022 Downturn
Nine years and 9 months in the past, on May 9, 2013, coinmarketcap.com recorded 14 cryptocurrency property, and bitcoin’s general valuation was $1.24 billion, with...
Coinbase to Suspend Trading of BUSD Amid Regulatory Crackdown
Cryptocurrency change Coinbase introduced it can droop buying and selling and delist the Paxos-managed stablecoin asset BUSD. The determination follows Paxos’ revelation that the New...
Crypto Firm Wyre Reportedly Shuts Down After Canceled Bolt Acquisition, CEO Claims Firm Is Just ‘Scaling Back’ Operations
According to a number of studies, Wyre, a cryptocurrency funds agency, is allegedly sunsetting its enterprise. Wyre’s purported wind down follows Bolt, one other funds...
Blockchain Gaming Publisher Animoca Brands Secures $75M — Firm’s Pre-Money Valuation Rises to $5.9B
The non-fungible token and blockchain gaming firm Animoca Brands has introduced the agency has raised $75 million from buyers similar to Kingsway Capital, Liberty City...
Israeli Crypto Company Etoro Lays Off 100 Workers, SPAC Deal Terminated, Company Eyes Private Raise
The digital foreign money agency Etoro has revealed it’s shedding 100 employees or roughly 6% of the corporate’s workforce. Furthermore, Etoro disclosed that the corporate...
Investors Inject $450 Million Into Consensys, Ethereum Incubator Now Valued at $7 Billion
The Ethereum software program agency Consensys has introduced the incubator has raised $450 million in a Series D funding spherical led by Parafi Capital. The...
DCG Reaches $10 Billion Valuation in Secondary Sale Led by Softbank and Capitalg
Digital Currency Group (DCG), a Manhattan-based, crypto-focused VC conglomerate, has reached a $10 billion dollar valuation in a secondary sale where existing investors sold part...
Consensys Aims for $3 Billion Valuation in Upcoming Funding Round
Consensys, the Ethereum-based software boutique, is aiming to get a valuation that could reach $3 billion dollars in its upcoming funding round. The company would...