Fed’s dovish move will slash $625M in interest income for stablecoins

A senior official from Singapore’s de facto central bank said it cannot find potential in payment network Ripple in comments during a conference panel on May 2.Speaking at MIT’s 2019 Business of Blockchain event, Sopnendu Mohanty, chief fintech officer at the Monetary Authority of Singapore (MAS), discussed the city state’s pro-blockchain stance and its progress…

Amid mounting criticism on social media, crypto investment firm CoinFLEX has attempted to clarify its plans to build a new crypto exchange with Three Arrows Capital (3AC).A leaked pitch deck on Jan. 16 revealed it was collaborating with the now-bankrupt hedge fund to build a proposed crypto exchange called "GTX" — which would focus on the trading…

About $4 million of crypto stolen in Exmo hack was allegedly withdrawn through Poloniex, the exchange said it froze several accounts. 1408 Total views 12 Total shares Hacked cryptocurrency exchange Exmo is not able to recover a large amount of stolen funds as hackers withdrew millions of dollars in crypto through the Poloniex crypto exchange.On…

Venture capital funding continued to pour into the blockchain and cryptocurrency industry in March, even as market commentators sensationalized the end of the bull market amid Bitcoin’s 30% retracement.  VC flows are considered a vital sign for the blockchain industry, with higher deal activity indicative of strong investor appetite and growing innovation in the space.

China’s foreign exchange reserve regulator, the State Administration of Foreign Exchange (SAFE), is set to pilot a cross-border trade finance blockchain platform. The news was reported by local financial news agency CNStock on April 24.According to the report, the development of the platform was initiated by SAFE and completed in collaboration with the Hangzhou Blockchain…

Argo’s daily Bitcoin production rate in February surged 7% despite a 10% month-over-month increase in average network difficulty. 517 Total views 18 Total shares Own this piece of history Collect this article as an NFTPublicly-listed Bitcoin (BTC) mining firm Argo Blockchain has increased its daily BTC production despite a significant spike in network difficulty.During February,…

Addressable co-founder Asaf Nadler told Cointelegraph that the metric allows projects to determine which users are more likely to be interested in their products. Web3 marketing firm Addressable has launched cost per wallet (CPW), a new metric aimed at improving user acquisition tracking for decentralized applications (DApps) and blockchain businesses. The company claims CPW provides

After a positive start to the week, Bitcoin price reverted to negative returns after BTC (BTC) dropped 3.5% to an intraday low of $84,120 on March 28. The price rejection occurred at the cusp of the descending trendline (black) and the upper range of the ascending channel pattern. Bitcoin 1-day chart. Source: Cointelegraph/TradingView On the