Circle’s USDC overtakes Tether’s USDT in stablecoin transactions — Visa
Despite Circle’s rising transaction count, Tether’s USDT still accounts for over 68% of the entire stablecoin market.
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What happened? Terra debacle exposes flaws plaguing the crypto industry
The past week has been a dark period in the history of crypto, with the total market capitalization of this industry dipping as low as $1.2 trillion for the first time since July 2021. The turmoil, in large part, has been due to the real-time disintegration of Terra, a Cosmos-based protocol that powers a suite…

Crypto lobby considers ideal Biden picks for SEC, CFTC, OCC
With Janet Yellen the presumptive Treasury Secretary, Biden's potential nominations to the U.S. regulatory apparatus will be critical. 2889 Total views 9 Total shares The crypto lobby seems to be cautiously optimistic about Biden's potential picks to lead the U.S.'s regulatory environment. That is, at least, according to a Thursday discussion hosted by TRM labs, featuring…

Ethereum Core Devs to Move Forward With ASIC-Resistant PoW Algorithm
Ethereum (ETH) core developers have reached a tentative consensus to implement a new proof-of-work (PoW) algorithm that would increase the efficiency of GPU-based — as opposed to ASIC-based — mining on the network. The development was discussed in a meeting today, Jan. 4.During the meeting, developer Hudson Jameson noted he had heard “very little dissent”…

US Air Force Grad School Issues ‘Blockchain for Supply Chain’ Primer
The graduate school for the U.S. Air Force has developed a educational tool on blockchain for supply chain management, U.S. business journal Modern Materials Handling (MMH) reported Dec. 3.The move comes in the form of a live application, together with a set of tutorial videos to educate defense professionals, released by the U.S. Air Force…

MicroStrategy buys $147M worth of Bitcoin, now holds 158K BTC
MicroStrategy bought the latest Bitcoin stash at an average price of $27,053 per coin, or 9% lower than the average purchase price of its entire BTC purchase. 814 Total views 5 Total shares MicroStrategy, a business intelligence firm and major Bitcoin (BTC) investor, is sending a bullish signal to the market by announcing the acquisition

Belarus Launches Trading Platform Enabling Customers to Buy Tokenized Securities
Belarus has launched a trading platform that enables customers to buy tokenized versions of shares, gold and other traditional assets, Reuters reported Jan. 15.The project is reportedly backed by two companies, Larnabel Ventures and VP Capital. According to Reuters, the government of Belarus has not yet commented on the launch of the platform, but it…

FTX liquidators report exchange held $2.4M ‘fleet of vehicles’ in the Bahamas
The liquidators said they would “commence disposals” of certain FTX Digital physical assets following approval from the Bahamas’ supreme court. 288 Total views 28 Total shares Own this piece of history Collect this article as an NFTThe joint provisional liquidators of FTX Digital Markets — the firm’s subsidiary in the Bahamas — has released a…

Cornered by Bear Market, Bitmain Is Facing an Unclear Future
On Jan. 10, news emerged that Chinese Bitcoin mining giant Bitmain’s co-founders, Jihan Wu and Micree Zhan Ketuan, will step down as co-CEOs of the company. The move follows a streak of reports suggesting that Bitmain has been facing mass layoffs, class action lawsuits and difficulties related to its initial public offering (IPO) during the last…