This news section spotlights emerging altcoins, project updates, tokenomics changes and ecosystem developments driving innovation in DeFi, Web3 and digital assets. Keep track of the next wave of digital currencies before they make headlines—and gain insights that matter in the altcoin sector.
Ukrainians are making several moves in response to the devastating war in their country, as such, they are seeking to launch a financial attack on Russia as a way to fight back.
The latest funding from Binance Charity is also accompanied by the launch of a crypto-first crowdfunding program to support the efforts to provide relief to the Ukrainians.
LABEL Foundation recently announced the completion of a strategic investment by Clesson with $2 million in equity funding, led by eBest Investment and Groom Investment.
Within 24 hours, more than $10 million were donated directly to the crypto wallets posted by the Ukrainian government.
BNY Mellon says that its crypto custody initiative will initially debut in the US, and offer BTC and ETH exposure to institutional clients.
Besides adding a total of 85 assets for trading and custody support for an additional 72 assets, Coinbase said the major cryptocurrencies including BTC and Ethereum (ETH) contributed as much as 55% of all trading volume.
The ongoing showdown between Russia and Ukraine has adversely impacted the crypto market, and resulting in a slump to $35K.
The co-founder and CEO of DeversiFi said the Opera users would be able to interact easily with DeFi. In his words, Layer 2 technologies “are revolutionizing the blockchain industry.”
The Circle Account provides USDC to its customers across the world. With more than $52 billion in distribution on February 23, 2022, USDC is backed fully by cash and equivalents and short-duration US Treasuries. It is exchangeable 1:1 for US dollars.
Web3Memes possesses tokens that can be rolled out by anyone on BSC or other similar networks.
Other than security, there are many privileges that NEAR users are bound to enjoy with the new partnership.
The move by Bitrue to add Cardano as base pair will significantly increase liquidity in the Cardano ecosystem. Additionally, more users from Bitrue can now access the broader ADA market at lower trading fees.
Luna said that the Forex Reserve will help it prevent the risk of a “bank scenario” scenario associated with algorithmic stablecoin. The reason for choosing the BTC denominated Forex Reserve is that it is less correlated to the Terra ecosystem.
Bitcoin and the wider crypto market are expected to experience short-term pressures from the geopolitical crisis as the supply chain gets distributed.
Shiba Inu is not the only crypto to have raised concerns about high ownership concentration. Bitcoin and Ethereum have equally come under attack in the past.