Tron replaces oracle provider with Chainlink
Tron will temporarily cover Chainlink’s operational costs, including gas fees, with plans to transition these costs to DApp user fees in the future. Chainlink, the blockchain oracle provider and Tron’s decentralized autonomous organization (DAO) have announced that the Tron blockchain would be switching its oracle solution provider. Tron DAO issued a news release announcing its […]
South Korea’s Crypto Investors Boosts CEX Profits by 106%
Investment portfolios in South Korea remain modest, with 67% of investors holding less than 500,000 won ($362) in crypto assets. During this time period, South Korean cryptocurrency investors witnessed a substantial rise, which coincided with the profitability of the digital asset exchanges in the country. There were 7.78 million cryptocurrency investors in South Korea during […]
Coinbase Misses Q3 Estimates Amid Weak Market
Coinbase achieved a diluted earnings per share of $0.28, a notable improvement from last year’s $0.01 loss, yet still shy of analyst expectations. During trading after hours on Wednesday, Coinbase shares experienced a decline. The decline in Coinbase shares occurred because the cryptocurrency exchange revealed lower earnings and sales for the third quarter than what […]
US Treasury Strategy for Financial Inclusion
US Treasury advises against using cryptocurrencies, like Bitcoin, as a means to promote financial inclusion. The United States Department of the Treasury’s national strategy for financial inclusion solely mentions cryptocurrencies as a potential threat to consumers. There is no other type of financial inclusion strategy. The United States Treasury Department stated in a notification dated […]
Circle raises USDC cash-out fees
Circle’s strategic initiatives include its planned IPO and move to Wall Street by 2025, positioning USDC as a regulated digital dollar alternative. Circle, the company that issues stablecoins, has increased the fees that are required to redeem its USD Coin for the second time in a period of less than a year. Bloomberg published a […]