Author archive: New

Grayscale has announced the launch of the SUI Trust, which has boosted the SUI price by over 16% to over $1. The new Grayscale Trust provides institutional investors with a new entry point into SUI. Institutional recommendations are increasingly influencing cryptocurrency valuations. Grayscale, a leading cryptocurrency asset management company, has announced the launch...

Coinbase has launched cbBTC, an ERC20 token backed 1:1 by Bitcoin in its custody. cbBTC allows BTC holders to access DeFi applications such as Aave, Compound, and MakerDAO. Over 843,783 Bitcoins secure cbBTC, which is 4% of the total Bitcoin supply. Coinbase, the largest cryptocurrency exchange in the U.S., has officially released its new tokenization product,...

Flowcarbon has compensated investors after failing to launch the Goddess Nature Token (GNT). The GNT token was supposed to tokenize carbon credits, but it faced market and regulatory challenges. Flowcarbon has received $70 million in funding, but it continues to face delays in the carbon market. Flowcarbon is a blockchain-based platform...

The Artificial Superintelligence Alliance has published a proposal for a merger with CUDOS. The native token of CUDOS, an AI computing platform, will be converted to FET in case the proposal passes a vote in the community. The Artificial Superintelligence Alliance has announced a proposal that aims to strengthen the alliance with the decentralized physical...

Nubank stops trading Nucoin to protect users from market fluctuations. Nucoin tokens can be redeemed for Bitcoin or USDC until December 9. Financial concerns, including rising non-performing loans, led to this move. In a surprising turning point, Nubank, the prominent Brazilian fintech company, has announced the immediate suspension of trading...

U.S. judge has dismissed a class-action lawsuit against Atomic Wallet due to lack of jurisdiction. The court ruled that there was not enough evidence and that there was no intentional targeting in Colorado. The plaintiffs have 21 days to justify the claims against shareholder Ilia Brusov. In...

Privado ID's partnership with Telefonica Tech aims to accelerate the adoption of privacy-focused and compliant digital identities for users in the European Union. The collaboration comes in the run-up to elDAS2, an important regulation on digital identity. Telefónica Tech, the digital division of Spanish telecommunications giant Telefónica Group, has partnered with...

TRON, Tether, and TRM Labs have launched the T3 Financial Crime Unit (FCU) to counter illegal USDT transactions. T3 FCU has frozen $12 million in fraudulent USDT and identified 11 suspects. Despite the fact that Circle has stopped minting USDC, TRON has raised 19...

PayPal and Venmo integrate ENS to simplify crypto transactions with .eth names. PayPal has been expanding its Web3 efforts and improving crypto services since 2020. However, PayPal's stablecoin PYUSD has seen a significant drop in market capitalization, mainly on the Solana network. PayPal and Venmo have introduced support for Ethereum Name Service (ENS) domain names. The...

Paxos is integrating with Arbitrum to expand institutional adoption of on-chain assets. The partnership enhances the tokenization of real-world assets using Arbitrum's low-cost network. Paxos is focusing on the growth of stablecoins after the SEC investigation and promoting the long-term use of digital assets. Stablecoin issuer Paxos has...