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.
On 14 December 2020, Grayscale announced publicly that their Asset Under Management had increased to $13 billion for the first time. Interestingly, this has increased to $16.4 billion in a little over a week.
Digital assets manager Bitwise has liquidated $9.3 million worth of XRP and reinvested in other assets. Hong Kong’s OSL has suspended the asset from its platform. This is done in response to SEC’s lawsuit against Ripple Inc.
On Wednesday, President Trump’s Working Group on Financial Markets published a report regarding stablecoins retail payments perception amongst the public.
Within three weeks of the launch of Ethereum 2.0 Beacon Chain, the Ethereum deposit contracts have seen over 2 million ETH inflows which is 380% more than the threshold value.
Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) daily price movements. 23 Dec, 2020.
Gold protected tokens like GoldFinX appears to be the best investment source for institutional and retail investors since they can be easily traced back to find its custodial asset backing its worth.
Origin also says its staking program will help limit its token’s circulation supply, which will benefit the project’s token economics.
The partnership between Ripple and MoneyGram has been described as symbiotic by most analysts. The latter has been experiencing difficulties in making profits and the XRP incentives have significantly helped it close the debt gap.
Months ago, the ABI announced that Italian financial institutions are ready to commit to the CBDC project.
The US SEC has accused Ripple of selling $1.3 billion worth of XRP as unregistered securities during its 2013 ICO. The Ripple lawyers say that the allegations are completely baseless and XRP is not an “investment contract”.
Coinbase IPO success will be a huge success to the entire crypto industry, as other crypto firms are expected to follow suit.
The US Securities and Exchange Commission (SEC) has been revealed to be on the verge of suing Ripple Labs for illegal sales of securities. This put them in the same bracket as companies that suffered a similar fate like Kik Interactive Inc.
Token prices for football clubs Paris Saint-Germain and Juventus spike 160% and 80% respectively in 24 hours following their 21 December listing on Binance, reaching a daily volume of $300M.
The latest halt comes as the six-month lock-up period for selling the recently purchased shares of the Grayscale Bitcoin fund comes to an end. Also, it comes as Grayscle’s total assets under management (AUM) crossed $15.7 billion.
While the exact specifics of how Warp recovered the funds are unknown, reports suggest the decentralized lending protocol was able to recoup the stolen funds.