Blockchain Financial News

18.06 / 08:41

business Blockchain Stablecoin Dollar Magic Internet Money token depegs as Terra (LUNA) domino effect persists

Magic Internet Money (MIM), a US dollar-pegged stablecoin of the Abracadabra ecosystem, joins the growing list of tokens losing their $1 value amid an untimely crypto winter. The sudden de-pegging of the MIM token commenced roughly on June 17, 7:40 pm ET, which saw the token’s price drop to $0.926 in just three hours.

18.06 / 03:21

Blockchain Ethereum Lightning Network Bitcoin Top 5 New Crypto Books to Read in 2022

While podcasts seem to have taken over as the most popular medium for educational content in the cryptocurrency space, crypto books remain an excellent way to learn about Bitcoin (BTC), Ethereum (ETH), digital assets, and other crypto technologies.

17.06 / 22:37

Blockchain Ethereum Twitter Bitcoin Sweeping layoffs, hiring, and firing as crypto prices take a massive downturn

Many in the crypto world have been glued to their screens with eyes dead set on financial conditions this week. That isn’t the case for everyone though, as thousands are suddenly experiencing woes of sudden unemployment.

17.06 / 18:51

Blockchain cryptocurrency NFT K4 Rally and Xchange Monster Partnering in Web 3.0 Gaming

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

17.06 / 16:09

Blockchain Ethereum defi Mining Threat BIS report warns about front-running threat in crypto mining

Since 2020, miners on the Ethereum blockchain have extracted around $600 million from other investors by miners, according to a new report by the Bank for International Settlements (BIS) focusing on common malpractice in the crypto mining industry.

17.06 / 14:37

Blockchain lending Bitcoin restrictions Finblox withdrawal restrictions trigger concerns from the community

Finblox, a crypto-staking platform backed by Three Arrows Capital (3AC) has paused reward distributions and tightened its withdrawal limits. Following this, community members expressed concerns over their assets, with some calling for transparency and bringing up decentralization.

17.06 / 13:27

Blockchain Digital Tether EUR Backed USDC Issuer Circle to Launch Euro-Backed Stablecoin

Circle Internet Financial announced on Thursday that it plans to launch a Euro stablecoin (EUROC), by the end of the month, backed by the single European currency.

17.06 / 13:05

Blockchain Technology Adoption defi Bitfrost releases upgraded SALP 2.0 after protocol helped secure $450M via parachain auctions

On Friday, Bitfrost, a Web 3.0 derivatives protocol that provides decentralized cross-chain liquidity for staked assets, launched the updated Slot Liquidity Auction Protocol dubbed "SALP 2.0." Projects such as Moonbeam, Unique network, OAK network, Polkadex, etc., held their parachain crowdloans on Kusama and Polkadot via the original SALP. A total of 8,834,746 vsKSM ($439 million) and 3,045,564 vsDOT ($21 million) was minted through the protocol.

17.06 / 12:01

Blockchain defi DEX Decentralized Exchange Chainge Finance facilitates trades in what is said to be the most liquid aggregated DEX

The cryptocurrency market is growing to include more assets and chains available than ever before. Unfortunately, despite the number of assets at play, most decentralized exchanges (DEXs) are still unable to deliver and facilitate the frequency and volume of trades necessary to satisfy the market. As a result, these exchanges face a lack of liquidity and high slippage, often occurring when fractions of an order are completed at a lower price and the rest at a higher and less advantageous price.

17.06 / 11:39

Blockchain Ethereum Job Bitcoin Employee quits after red flags at first crypto job, stays in blockchain for the tech

Crypto startups have a significant role to play in the development of the entire blockchain industry. However, while many business owners have big ideas that aim to change the world, some fail to invest to develop the most critical aspects of a business, resulting in employees quitting.

17.06 / 11:35

Blockchain cryptocurrency Platform cryptocurrency news Blockchain Regulation Requires Global Coordination: RBI Governor

RBI Governor has said globally coordinated efforts are needed to regulate blockchain technology

17.06 / 11:19

Blockchain cryptocurrency Platform cryptocurrency news RBI Governor Calls For Global Coordination To Regulate Blockchain Platforms, Decentralised Finance

RBI Governor has said globally coordinated efforts are needed to regulate blockchain technology

17.06 / 06:49

Blockchain Ethereum cryptocurrency Quadrans Lists on June 20th on P2PB2B

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

17.06 / 02:03

Blockchain Ethereum Digital BitStamp Circle to launch euro-pegged stablecoin

Businesses can use EUROC tokens to move euro liquidity on-chain, accept and make euro payments globally that can settle in minutes, and access crypto capital markets for trading, borrowing and lending. Circle says that Euro Coin is fully-backed by euro-denominated reserves held conservatively in the custody of leading financial institutions "within the US regulatory perimeter".Initially launching on the Ethereum blockchain, the coin will have support at launch from a number of big industry players, including Anchorage Digital, Binance.US, Bitstamp, Compound, Curve, CYBAVO, DFX, Fireblocks, FTX, Huobi Global, Ledger, MetaMask Institutional, and Uniswap Protocol.

17.06 / 00:21

Blockchain Technology defi crimes High-profile BAYC collector denies allegations of wrongdoing brought by DeFi detective

On Thursday, ZachXBT, a cyber detective in the decentralized finance, or DeFi, realm, accused prominent Taiwanese musician and blockchain personality Jeff Huang, also known as Machi Big Brother, of misconduct in 10 different cryptocurrency projects. Machi Big Brother is known outside of Taiwan as an avid collector of Bored Ape Yacht Club nonfungible tokens (NFTs) and possessed a collection worth an estimated $8.26 million at the peak of the crypto bull market last year.

16.06 / 22:56

Blockchain Adoption Bitcoin Resistance is futile! 3 reasons why Bitcoin mining will never go away

In the summer of 2021, the Chinese government banned Bitcoin (BTC) mining and cited the typical concerns of harmful environmental effects and money laundering. Now, the Chinese government is working toward establishing its own digital yuan currency. This raises the question as to whether the original reasoning was merely a Trojan horse.

16.06 / 22:15

business Blockchain Art Adoption Swiss Swiss luxury watchmaker TAG Heuer introduces NFT-enabled smartwatch

Watchmaker TAG Heuer has partnered with the well-known nonfungible token (NFT) community surrounding Bored Ape Yacht Club and CLONE-X to create a smartwatch that displays NFTs and connects to crypto wallets such as MetaMask and Ledger Live.

16.06 / 21:02

Blockchain Technology Ethereum Cosmos network services Global compute network announces mainnet launch to solve fundamental problems with cloud services

The internet continues to exist as the backbone of society at large. The only drawback is that the traditional internet model relies on all devices being connected to nodes that centralize information, redistributing it to form a flow. Consequently, centralization can lead to a lack of privacy and a single point of failure for all websites that rely on it. Blockchain changes this by creating a distributed network, where all devices store all the information on the web. Although the technology is still new, its aspirations are large and its computational needs are growing.

16.06 / 18:31

Blockchain Technology Adoption This oracle data provider platform has surpassed 4 million nodes since inception

Can a fully-functional oracle network ecosystem that anonymously collects and validates geospatial (location-specific) data exist? One blockchain firm seems to have gotten the gist of the idea. Founded in 2012, XY Labs and its namesake protocol XYO, which is built on the Ethereum blockchain, seek to reward participants for the genesis, interpretation, analysis, and storage of data to be called upon for specific problems. There are currently over 4 million nodes worldwide on the XYO network.

16.06 / 18:13

Blockchain Technology Adoption Blockchain's potential: How AI can change the decentralized ledger

One reason is that blockchain’s use of a decentralized ledger offers insight into the workings of AI systems and the provenance of the data these platforms may be using. As a result, transactions can be facilitated with a high level of trust while maintaining solid data integrity. Not only that, but the use of blockchain systems to store and distribute AI-centric operational models can help in the creation of an audit trail, which in turn allows for enhanced data security.

16.06 / 17:07

Government Blockchain Adoption Supply Chain accounting US Air Force taps SIMBA Chain to develop budgeting and accounting system

For many years, the United States Military has been experimenting with blockchain in a number of settings to enhance its operations. Now, the U.S. Air Force (USAF) is adopting blockchain into its budgeting and accounting processes.

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