Stablecoin Plunges 98% in 24 Hours, Sparks Rug Pull Allegations
Early on Oct. 26, the U.S. dollar value of Essence Finance’s decentralized stablecoin, CHI, plunged by more than 90% after rumors emerged that more than $20 million of collateral had…
Auto Added by WPeMatico
Early on Oct. 26, the U.S. dollar value of Essence Finance’s decentralized stablecoin, CHI, plunged by more than 90% after rumors emerged that more than $20 million of collateral had…
Nasdaq-listed cloud mining services company Bitfufu has announced an agreement to acquire a majority stake in an 80-megawatt (MW) Bitcoin mining facility in Ethiopia. This strategic move marks a significant…
The Nigerian government has dropped money laundering charges against jailed Binance executive and former U.S. Federal agent Tigran Gambaryan. The Binance executive’s lawyer said the charges were dropped after the…
Presidential candidate Donald Trump recently acknowledged the existence of the crypto-based prediction market platform Polymarket. In a video posted on Polymarket’s X account, Trump referred to the platform as “a…
Coinbase’s research has determined that crypto, as a key topic, might be a factor capable of swaying the next election results. According to data posted on social media, swing states…
At an event in San Francisco, co-inventors Alex Blania and Sam Altman unveiled significant updates to their project, now known as the World Network. Among the five key announcements was…
At 9:35 a.m. EDT on Tuesday, bitcoin reached a peak of $67,922. By 10:20 a.m., it was still riding high, trading between $66,905 and $67,101, marking a nearly 3% increase.…
Kenya, in partnership with the United Nations Development Program (UNDP) and Microsoft, has established the Africa Centre of Competence for Digital and AI Skill. This center aims to equip public…
Coinbase has announced plans to delist Tether’s USDT and other stablecoins that do not comply with the European Union’s Markets in Crypto-Assets (MiCA) regulations by December 30, 2024. This decision…
Marcos Galperin, founder and CEO of Latin America’s e-commerce and financial services giant Mercado Libre, shared his perspective on bitcoin and cryptocurrency. In a recent interview, Galperin stated that he…