Rep. Waters calls for support on bipartisan stablecoin legislation

More than $536,000 was drained from the Synapse Bridge on April 4, according to Ethereum blockchain data. 551 Total views 5 Total shares Own this piece of history Collect this article as an NFTSentiment, an undercollateralized lending protocol, appears to have been exploited on April 4 for over $500,000 in crypto. Ethereum blockchain data shows…

The fines are tied to a legal dispute involving X’s failure to comply with court orders in the country. 

Over 50 banks participated in the simulation of letter of credit transactions on R3’s blockchain platform in 27 countries on six continents. The company announced the development in a press release published on May 8.Per the release, 96% of the participants said that the system — dubbed Voltron — will accelerate and reduce the cost…

A recent price recovery in the Bitcoin (BTC) market risks getting erased due to an eerie fractal from 2018.Bitcoin price cycle similaritiesFirst spotted by CryptoBullet, an independent market analyst, the fractal shows Bitcoin recreating an inverse head-and-shoulders (IH&S) pattern that preceded its price decline toward $3,100 later in December 2018. As a result, anticipations that…

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 thewoes of sudden unemployment.Words of encouragement and sympathy also poured out across Twitter and LinkedIn consoling individuals released from their responsibilities. Some expressed frustration,…

The Mayor-elect said he plans to make New York the “center of the cryptocurrency industry” after he takes office in January. 362 Total views 12 Total shares New York Democrat Mayor-elect Eric Adams revealed on Twitter today he intends to take his first three paychecks in Bitcoin. Adams also doubled down on his plans to…

ApeCoin (APE) caught its bulls off-guard with APE price losing nearly 40% in just three days.No dutch auctionAPE's price reached its second-highest level, hitting $27.57 on April 28, up more than 2,650% from its mid-March debut.Nonetheless, traders started unwinding their positions after Yuga Labs, the Bored Ape Yacht Club (BAYC) NFT collection's creator, released the…

MoneyGram saw a significant rise in user transaction numbers for May 2020 compared to the same period last year, coinciding with a partnership with Ripple that began last June. 1669 Total views 34 Total shares Global money transfer platform MoneyGram recently unveiled year-over-year growth numbers, showing double the number of transactions seen in May 2019. MoneyGram…

This week the total value locked in decentralized finance platforms reached a new high at $26.2 billion, and this record high was achieved even as Bitcoin (BTC) price appeared to be slipping into a downtrend.This asymmetrical performance from DeFi tokens suggests the sector has staying power and the ecosystem built up around DeFi platforms is…