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dYdX, the pioneering decentralized derivatives exchange, has officially finalized its proposal to reduce trading rewards. dYdX Finalizes Proposal to Cut Trading Rewards – Token Hits New High The proposal aimed to lower the trading rewards from 2.88 million DYDX tokens to 1.59 million (a 45% reduction). The goal of
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The world's largest cryptocurrency, Bitcoin, has made a spectacular comeback after last week’s negative news, setting a new high for 2023. Price Movements of Top Cryptocurrencies as of 08:10 PM on March 14, 2023. Source: Coin360 On the evening of March 14, the U.S. released
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Filecoin has officially transformed into a true layer-1 blockchain with the launch of its Filecoin Virtual Machine (FVM), which now supports the development of decentralized applications (dApps) on its platform. Filecoin Launches FVM, Enabling dApp Development Filecoin (FIL), a cryptocurrency project focusing on data storage, is set to roll out
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The cryptocurrency market has shown a strong rebound following the U.S. government's decision to rescue Silicon Valley Bank. Source: Coin360 In the early hours of March 13, the Federal Reserve (Fed) held an unexpected emergency meeting. Subsequently, the federal government launched the Bank Term Funding Program (BTFP)
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On the morning of March 13, Bitcoin unexpectedly surged back to the $50,000 mark, a price level not seen since November 2021. What triggered this sudden spike? BTC/USDC Trading Pair Sees Price Surge on Binance On March 13, the BTC/USDC trading pair on Binance suddenly hit $50,
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In its latest update, Circle has confirmed it can recover the $3.3 billion trapped at Silicon Valley Bank over the weekend, resulting in USDC's price inching back toward the $1 mark. Circle Confirms Ability to Recover $3.3 Billion, USDC Price Approaches $1 Circle has confirmed it
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HOPE is the primary stablecoin for the DeFi ecosystem of Hope, aiming to bridge traditional finance with the crypto world. Decentralized Stablecoin Hope Launches Former Flex Yang, ex-CEO of the collapsed crypto lending firm Babel Finance, has announced the launch of his own DeFi project named Hope. HOPE is a
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After 72 hours of chaos, the second-largest stablecoin in the crypto industry, USDC, has finally returned to its $1 peg. Meanwhile, Bitcoin continues its impressive recovery. USDC Repegs On the evening of March 13, USDC climbed back to its $1 value, stabilizing after an unprecedented period of turmoil. Earlier, following
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Stablecoin issuer Circle has provided the latest updates on USDC and its relationship with Silicon Valley Bank. Circle Commits to Cover Asset Shortfall; USDC Recovers to $0.96 On the morning of March 12, Jeremy Allaire, CEO of Circle—the company behind the USDC stablecoin—released a statement regarding the
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The cryptocurrency market has just endured a tumultuous week, driven by a wave of negative news and a severe depeg of USDC, the second-largest stablecoin in the market. So, what’s next as the U.S. is set to release the February CPI report next week? 68 Trading Plan (03/
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The USDC stablecoin has dropped below its $1 peg after issuer Circle confirmed exposure to Silicon Valley Bank. USDC Stablecoin Plummets as Silicon Valley Bank Fallout Hits Hard Updated at 10:25 AM on March 11, 2023: After a period of silence and pressure from the crypto community, stablecoin issuer
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Circle Stands Firm Amidst Wave of Layoffs Circle, the organization behind the second-largest stablecoin USDC, remains committed to expanding its workforce this year, even as many of its peers are slashing operational costs. According to CFO Jeremy Fox-Geen, Circle plans to grow its team by 25% this year, despite the
