Latest Web 3 and Cryptocurrency News
Many newsworthy events happen throughout the crypto industry every day. These could be the latest developments about Bitcoin and mining, Ethereum, meme coins, or some of the many other altcoins on the market.
Blockchain projects keep bringing updates of old coins and developing new ones, sometimes organizing initial coin offerings (ICOs) to raise funds. At the same time, Web 3.0 is on the rise.
Among other innovations, the next stage in the development of the world wide web has brought decentralized finance (DeFi), non-fungible tokens (NFTs), and play-to-earn (P2E) games. Businesses and decentralized autonomous organizations (DAOs) are doing their best to achieve projects’ aims, while national governments and lawmakers are increasingly looking to regulate the crypto industry.
So, apart from offering reviews and informative and easy-to-grasp Crypto Academy guides, we also provide regular coverage of all the described industry fields. Stay tuned for the trustworthy news you need to hear about!
Binance stablecoin circulating supply continues to decrease
The market capitalization of the Binance USD stablecoin (BUSD) has declined over the past two months. According to CoinGecko, the circulating supply fell to $15.4 billion on Wednesday, losing $1 billion in a week and $2 billion in a month. In early December, BUSD’s market capitalization exceeded $22 billion. Immediately after the temporary halt in […]
Celsius may issue a new token to compensate creditors
One of the reorganization options for Celsius would be to become a publicly traded U.S. regulated company. Celsius is looking to issue a new token to repay its debt to creditors, frozen on the platform since June last year. According to a Jan. 24 Bloomberg report, citing the recent video recording of the bankruptcy hearing, […]
BlockFi to sell bitcoin mining loans, retain talent
BlockFi plans to sell $160 million worth of bitcoin-backed mining loans amid bankruptcy proceedings. The company has also requested to pay bonuses to key talent to retain employees. The recent Bloomberg report revealed the company had started a bidding process for mining loans last year. However, some of those loans, which are around $160 million […]
First hearing scheduled in Genesis bankruptcy case
According to court documents, the first hearing in the Genesis Capital bankruptcy case is scheduled for January 23 at 2 p.m. Eastern Time. Judge Sean H. Lane, appointed by the United States Bankruptcy Court for the Southern District of New York, will decide whether to accept the Chapter 11 relief requested by Genesis and its […]
Bitcoin and Ethereum turn bullish, data indicates
Bitcoin’s (BTC) price almost surpassed a 10-year record, and Ethereum (ETH) will reach some milestones in the second quarter of 2023 due to the upcoming mainnet update. If the price of bitcoin (BTC) continues to rise, which it has been doing daily for the past 15 days, it will overturn the record set by the […]