Monat: März 2023

Cryptocurrency Market Enjoys Positive Momentum: BTC, ETH, ARB & CAKE Soar

Cryptocurrency Market Overview •The cryptocurrency market is now enjoying positive momentum, having just recovered from a dismal spell that lasted throughout February. •Bitcoin and Ethereum, the two digital currencies leading this upswing, are doing particularly well despite heightened US government regulation. •Arbitrum (ARB), PancakeSwap (CAKE), and Ethereum (ETH) are the top three most trending cryptocurrencies […]

BlackRock CEO Backs Tokenization of Stocks and Bonds

• BlackRock CEO Larry Fink believes tokenizing asset classes like stocks and bonds might increase efficiency in capital markets and improve investor access. • He also discussed the advancements of payment systems and financial inclusion in developing countries, while advanced nations such as the US lag behind. • Fink believes that more transparent regulations will […]

USDC Back on Track: Circle Announces Corporate Resources Backing

• Circle announced that it will back its stablecoin USDC with corporate resources if needed. • USDC temporarily traded for less than its $1 peg on March 11, and is currently trading at $0.95. • The unexpected closure of Silicon Valley Bank (SVB) sparked the need for this strategy. Circle Announces Corporate Backing for USDC […]

SEC Notice Rumors Spark 10% Drop in Lido (LDO) Token Prices

Rumors of SEC Notice Cause Lido (LDO) Token Prices to Drop • On Saturday, the value of Lido’s LDO token dropped by 10% on speculation that the U.S. Securities and Exchange Commission (SEC) had issued a Wells Notice to the biggest Ethereum staking provider. • David Hoffman of the Bankless crypto podcast initially reported that […]