Circle notes an increase in circulation of USDC stablecoins
In reaction to the BUSD event, Circle stated on February 23 that USDC circulation has significantly increased. Over the past seven days, they have issued 2.1 billion coins, redeemed 1.5 billion, and increased the net circulation by $600 million. Financial technology firm Circle has reported a sharp increase in the USDC stablecoin’s circulation. The business […]
Solana blockchain impacted by technical issue
On February 25, the Solana (SOL) network encountered a serious issue that limited users’ capacity to carry out transactions. The network underwent a forking event that resulted in numerous copies of its transaction history, impeding its ability to function in ways like cryptocurrency trading and asset transfers. By 00:53 New York time, the crisis began, […]
Jump Crypto, Oasis recover 120k ETH from Wormhole exploit
Jump Crypto stated that it has succeeded in recovering the 120,000 ETH that had been lost as a result of the infamous Wormhole hack in 2022. The sender conned the contracts and moved the debt and collateral from the explorer’s vaults to their vaults during the Wormhole exploit, claims decentralized finance (DeFi) platform Oasis.app. The […]
Magic Eden Ventures Invests In 11 web3 Game Studios
The venture arm of the cross-chain NFT platform Magic Eden, has made investments in 11 web3 gaming studios. In order to speed up the development of the blockchain gaming ecosystem, Magic Eden Ventures has invested in 11 web3 gaming firms, including MatchDay, Blockstars, Epic League, and others. As part of its dedication to fostering the […]
FATF approves plan for implementing crypto standards
FATF said that its members have agreed to drive rapid global implementation of international regulations regarding cryptocurrencies. In a statement released on February 24, the FATF stated that its plenary, which includes representatives from more than 200 countries, convened in Paris and reached agreement on a roadmap to increase “application of FATF Standards on virtual […]