The supply of Binance stablecoin (BUSD) has decreased by $5 billion in 2 weeks. Since February 13, the market capitalization of the asset has decreased by 32%, from $16.1 billion to $10.97 billion, according to CoinMarketCap. On February 13, it became known that the New York State Department of Financial Services (NYDFS) ordered the BUSD...
Bitcoin mining difficulty has set a new historical record. As a result of the next recalculation on February 25, it updated the maximum, increasing by 9.95%, to 43.05 T, according to BTC.com. The previous record was set on January 29, when the difficulty reached 39.35 T. Bitcoin mining difficulty changes every 2016 blocks, or roughly...
The International Monetary Fund (IMF) would prefer to regulate digital assets, but does not exclude their ban when higher risks to financial stability appear. This was stated by the managing director of the organization Kristalina Georgieva in an interview with Bloomberg. Industry oversight is a top priority for the Financial Stability Board, the IMF and...
Science fiction writer Neil Stevenson, in an interview with the Financial Times, called the conditions for the popularity of the metaverses and talked about the future of virtual reality. He doubted the prospects of technology until people themselves decide to live in a digital world. This will require a unique “experiences that millions of people...
DeFi platform Oasis seized assets related to the Wormhole cross-chain bridge hack that occurred in February 2022. The operation was authorized by a British court. To extract assets, the developers used a vulnerability in the multi-signature administrator access mechanism, which was previously discovered by an unnamed white hat hacker. According to the statement, in accordance...
Solana network faced a slowdown in block production on Feb. 25 following an upgrade in the validator software. The incident resulted in disruptions to transactions and led validators to downgrade the software in an attempt to restore network performance. The technical issue started around 6:00 am UTC, leading validators to downgrade to version 1.13 to...
Investments in Ethereum by the co-founder of the Reddit social network Alexis Ohanian have grown by 548,566% since he invested in altcoin in 2014. In an interview with Forbes, he said that he spent $ 15 thousand to buy 50 thousand. ETH at a price of $0.3 per coin. At the rate of February 22,...
Investment firm Pantera Capital has invested $10 million in massively multiplayer online role-playing game Worldwide Webb in its Series A funding round. Launched in 2020, Worldwide Webb offers a compatible Massively Multiplayer Online Role Playing Game (MMORPG) where players can use their own NFTs from multiple blockchains to use as avatars to participate in battles,...
According to the financial results report published on February 21 for the fourth quarter of last year, the largest American crypto exchange Coinbase recorded a net loss of $ 557 million, and for the whole year — $2.625 billion. For comparison, in 2021, Coinbase’s net profit amounted to $840 million and $3.624 billion, respectively. According...
A partnership between Web3 payment protocol Immersve and payments giant Mastercard will allow users to make crypto payments on digital, physical and the metaverse worlds. Once the transaction is successful from the user’s end, USD Coin tokens — a United States dollar-backed stablecoin issued by Circle — will get converted to fiat and be used...
