Category: Crypto News

Stablecoin Market Expands by $1.52 Billion in 7 Days, Driven by USDT and USDC Growth

The stablecoin economy is experiencing renewed growth. Over the past week, the market capitalization of all stablecoins increased by $1.52 billion. The growth over the past seven days was primarily driven by tether (USDT), the largest stablecoin by market valuation, with its supply expanding by 1.2 billion coins. Stablecoin Economy Sees Growth Again Over the […]

Egyptian Fintech Unicorn Secures $157.5 Million In Latest Funding Round

The Egyptian fintech giant MNT Halan has raised $157.5 million to fund its regional expansion. Mounir Nakhla stated that MNT Halan’s planned international expansion will happen through mergers, acquisitions, and partnerships. MNT Halan Targets Pakistan The Egyptian fintech giant, MNT Halan, has raised $157.5 million in its latest funding round. The International Finance Corporation (IFC) […]

Web3 Infrastructure Platform Caldera Raises $15M in Early-Stage Funding

Web3 infrastructure platform Caldera has successfully raised $15 million in an early-stage funding round, signaling strong investor interest in its mission. The funding was led by Founders Fund, a prominent venture capital firm known for backing innovative technology startups. Additionally, Dragonfly and Sequoia Capital participated in the round, further validating Caldera’s vision. Caldera’s primary focus […]

Bitcoin.com to Airdrop VERSE Tokens

Active users of the Bitcoin.com Wallet app to be rewarded with Bitcoin.com’s ecosystem token VERSE. Bitcoin.com, a pioneer in the cryptocurrency space since 2015, has announced that it will proceed with an initial airdrop of Bitcoin.com’s ecosystem token VERSE. Green-lighted by the results of a community-led proposal, this first airdrop will be given to active […]

Swiss Crypto Bank Sygnum Achieves Profitability Amid Rapid Growth

Swiss-based crypto bank Sygnum has achieved profitability in the first half of 2024, marking a significant milestone in the digital asset industry. The bank’s success is attributed to robust growth across its core business segments, including custody, trading, and lending services. With assets under administration surpassing $4 billion, Sygnum caters to clients from over 60 […]

Giesecke+Devrient: Ghana CBDC Nullifies the Need for Multiple Intermediaries in Cross-Border Payments

The recently completed proof of concept by the Bank of Ghana and the Monetary Authority of Singapore demonstrated that the latter’s central bank digital currency enables cross-border payments, excluding many intermediaries and associated costs. Giesecke+Devrient (G+D) stated that the proof of concept (POC) demonstrated the effectiveness of utilizing digital credentials for international trade and cross-border […]

Hong Kong Launches Its First Inverse Bitcoin ETF Product

CSOP Asset Management, a regulated asset management company, has become the first to launch an inverse Bitcoin ETF in Hong Kong’s markets. This allows traders and investors to speculate on the decline of the cryptocurrency’s value. The product complements other ETF products already available, further establishing the city as an international crypto market. CSOP Asset […]

Majority of Americans Believe US in Recession, Survey Shows

New research by Affirm reveals three in five Americans believe the U.S. is in a recession, though it’s not officially declared. A survey of 2,000 people shows inflation and rising living costs (68%) as the main reasons for this belief, followed by complaints from friends and family (50%), reduced spending by peers (36%), and difficulties […]