A Polygon-based real estate-backed stablecoin called Real USD ($USDR) has lost over half of its value in a matter of hours after it was drained off of its liquid collateral, leaving only rental properties in the UK backing the cryptocurrency. According to on-chain data from the Tangible decentralized autonomous organization (DAO), the entity behind the real estate-backed stablecoin, the protocol’s […]

The Ethereum Foundation has, through the decentralized cryptocurrency exchange Uniswap, sold 1,700 Ether ($ETH) for $2.73 million worth of USDC, in their largest single transaction of the year. According to on-chain monitoring service Spot On Chain, the Ethereum Foundation’s transaction helped the total amount of ETH the organization sold so far this year reach 2,262 tokens, with most sales coming […]

Institutional investors have invested in Solana-focused investment products for the 27th week so far this year, with digital asset investment products seeing inflows for the first time in six weeks over the past week, to the tune of $21 million. According to CoinShares’ latest Digital Asset Fund Flows report, inflows over the past week came near the end of it […]

The price of MakerDAO’s native token $MKR has been bucking the bearish trend in the cryptocurrency space, having surged nearly 200% so far this year to now trade at a 16-month high above $1,500 per token. According to available market data, the cryptocurrency started the year trading at around $500 after falling from an all-time high above the $6,000 mark […]

Cross-border peer-to-peer payments provider MoneyGram has unveiled plans to to introduce a non-custodial cryptocurrency wallet, signalling a strategic shift into the digital asset domain, through a partnership with Stellar. The initiative is meant to target the exchange between traditional fiat currencies and USDC, a prominent stablecoin launched by Circle. MoneyGram CEO Alex Holmes has highlighted the firm’s tracjectory over the […]

Blockchain payments system FCF Pay has recently announced that customers of the popular financial behemoth HSBC are now able to pay their mortgage bills and loans using numerous cryptocurrencies, including Bitcoin ($BTC), $XRP, and Shiba Inu ($SHIB). According to a post the firm shared on the microblogging platform X (formerly known as Twitter), some of the accepted cryptocurrencies also include […]

The cryptocurrency trading subsidiary of the tech conglomerate GMO Internet, GMO Coin, has announced it’s set to distribute Songbird ($SGB) tokens to its XRP token holders who had tokens on the exchange at the time of the airdrop’s snapshot. The planned airdrop, interestingly, will not be in the form of SGB tokens, but will instead be denominated in Japanese yen. […]

The Ethereum ($ETH) network has transitioned from a Proof-of-Work into a Proof-of-Stake consensus algorithm one year ago, in a move that has helped the network’s circulating supply start dropping and significantly reduced its environmental impact. Ethereum transactions started burning ETH after the London hard fork, which included the implementation of Ethereum Improvement Proposal (EIP) 1559. The EIP changed the way transaction […]

The smart contract platform Cardano ($ADA) has maintained its third place when it comes to cryptocurrency networks in terms of development activity, behind the “blockchain of blockchains” Polkadot ($DOT) and its public pre-production environment Kusama ($KSM). That’s according to data from on-chain analytics firm Santiment, which details Polkadot has managed to maintain its position as the leading cryptocurrency in terms […]