Both national and global companies will participate in the upcoming Brazilian central bank digital currency (CBDC) pilot project. Banco Central do Brasil, the country’s central bank, will begin adding participants to the digital real platform around the middle of June 2023. On May 24, the central bank published the final list of CBDC pilot participants. Participants were chosen from a pool […]

Cryptocurrency exchange Binance continues expanding its global reach by securing new regulatory approvals in Thailand. Gulf Binance — a joint crypto venture of Binance and Gulf Energy’s innovation arm Gulf Innova — has received digital asset operator licenses from Thailand’s Ministry of Finance. The licenses enable the firm to operate a crypto exchange regulated by the country’s Securities and Exchange […]

Crypto fintech firm Unbanked, which provides crypto custody and payments services, has become the latest firm to close shop while citing a harsh regulatory environment for crypto in the United States.  In a May 26 blog post, Unbanked co-founders Ian Kane and Daniel Gouldman said that when it first opened, it believed that building the company in the United States “would […]

A top SHIB whale added $1.18 million worth of Shiba Inu within 24 hours. Data from Etherscan.io reveals that this whale ranked as the nineteenth largest SHIB holder accumulating 140 Billion SHIB. The whale acquired the SHIB tokens in two separate transactions marking its second massive accumulation within 72 hours. SHIB Token Burns And Shibarium Launch Likely Behind Accumulation Shiba […]

Cardano, a blockchain platform known for its innovative approach and peer-reviewed scientific research, has recently hit a significant milestone. The Total Value Locked (TVL) in Cardano’s DeFi ecosystem has soared to over 446 million ADA, marking a new all-time high, according to data from DeFiLlama. This surge in TVL is a testament to the growing popularity and trust in Cardano’s […]

On-chain data from Santiment suggests that altcoins across the entire cryptocurrency sector may be underbought right now. MVRV Of The Various Altcoins Suggests Underpriced Conditions According to data from the on-chain analytics firm Santiment, cryptocurrency assets have become underbought as traders are now capitulating following a failed price rebound. The relevant indicator here is the “MVRV” (Market Value to Realized […]

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Is bitcoin mining running the state of Texas into the ground? Texas Could Wind Up on the Wrong Side Texas declared itself open for bitcoin mining about two years ago. During that time, the nation of China said the practice would be declared illegal, meaning […]

Forbes contributor Sam Lyman praised the XRP Army’s role in shaping the cryptocurrency industry amidst increasing regulatory scrutiny. Ripple CEO Brad Garlinghouse anticipates the resolution of their legal battle with the SEC to be weeks away. A crucial court development involves Judge Analisa Torres denying the SEC’s motion to seal the ‘Hinman documents,’ potentially influencing the case’s outcome. Renowned Forbes […]

Circle, a well-known stablecoin issuer, has released the Euro Coin on the Avalanche network, marking a huge extension beyond its Ethereum basis, in a bold move intended to increase stablecoin accessibility. Circle hopes to develop a multi-chain presence for its Euro Coin by utilising the Avalanche blockchain, giving consumers more alternatives and boosting the stablecoin’s acceptance. The selection of Avalanche, […]