Day: September 15, 2023

Hedera unveils open-source toolkit for stablecoin developers

With the SDK, Hedera wants to bring more stablecoin applications, sparing developers from blockchain hurdles. Hedera, an open-source, leaderless proof-of-stake network, is set to compete with blockchain giants like Ethereum (ETH) in deploying stablecoins with a new toolkit. In a blog post on Sept. 14, Hedera revealed a new open-source tool to build stablecoin applications on its network. The SDK named Stablecoin Studio supports 3rd-party data sources and API integrations with pre-determined custody and KYC/AML providers, allowing stablecoin issuers to provide public disclosures of collaterals. “For stablecoins to be widely…

North Korean crypto hacks down 80% but that could change overnight: Chainalysis

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Cryptocurrency stolen by North Korea-linked hackers is down a whopping 80% from 2022 — but a blockchain forensics firm says it isn’t necessarily a sign of progress. As of Sept. 14, 2023, North Korea-linked hackers have stolen a total of $340.4 million worth of cryptocurrency, down from a record $1.65 billion reported funds stolen in 2022. Cryptocurrency funds stolen by North Korean-backed groups between 2016-2023. Source: Chainalysis “The fact that this year’s numbers are down is not necessarily an indicator of improved security or reduced criminal activity,” Chainalysis said in…

Robinhood’s 35 Trillion Token Acquisition Sparks Speculation Of Imminent Price Surge

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In a bold move amidst the cryptocurrency market’s recent volatility, US-based trading platform Robinhood has significantly increased its Shiba Inu (SHIB) tokens holdings.  Despite the native token of the Shiba Ecosystem experiencing a downturn, Robinhood has added over 800 billion SHIB tokens to its portfolio. Robinhood’s SHIB Portfolio Hits The Trillions On August 30, crypto data tracking platform Arkham Intelligence revealed that Robinhood ranked as the fifth-largest holder of Ethereum (ETH) and owned 34.086 trillion SHIB tokens, valued at approximately $279.85 million. Robinhood’s SHIB holdings as of August 30. Source:…

Deutsche Bank partners with Swiss firm Taurus to offer digital asset services

On Sep. 14, Deutsche Bank, an international financial institution headquartered in Germany, divulged its strategic foray into crypto and blockchain technology after collaborating with Taurus, a Swiss enterprise with expertise in multiple domains—ranging from the issuance of digital currencies to the secure custody and trading of tokenized assets and non-fungible tokens (NFTs). Paul Maley, the head of Deutsche Bank’s securities services, stated that this move aligns with the growing demand for digital financial products among their clients. Initially, Deutsche Bank aims to provide custody services for selected crypto and certain…

75% Of All Binance Fiat Trading Volume Is In Turkish Lira

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75% of all fiat volume in Binance, the largest cryptocurrency exchange by client count, is dominated by the Turkish Lira (TRY). At this rate, Kaiko, a blockchain analytics firm, confirms that the Turkish Lira is the most preferred currency, pointing to a shift in the global dynamics, especially regarding crypto adoption.  Turkish Lira Popular Fiat In Binance As of September 14, 75% of all fiat volume was in Turkish Lira, ahead of the Euro and Brazilian Real (BRL). In the past three years, an unidentified cryptocurrency has gained popularity over traditional fiat…

Banana Gun relaunches on Uniswap v2

On Sep.14, the team behind Banana Gun, a Telegram bot, relaunched its token on Uniswap, a decentralized exchange (DEX). On X, the team also said the BANANA relaunch will be accompanied by an airdrop to compensate holders after a glitch forced prices to dump 99%. RELAUNCH OF $BANANA Tonight we will relaunch $BANANA on Uniswap v2 and finalize the $BANANA airdrop for holders. Relaunch time:20:00 UTC Launch price: $6.20Launch market cap: $14.8m Launch FDV: $62mLiquidity: $2.1m (170k tokens + ~650 eth depending on eth price) Because… — Banana Gun 🍌🔫…

Litecoin Eliminates Pre-Halving Gains As Volume Drops, Is A Fall To $50 Coming?

In the months leading up to the Litecoin halving in August, the price of the blockchain’s native LTC token was continuously on the rise. This renewed interest in investors who rushed back into the token and eventually pushed its price above $100. That is until the actual halving event rolled around, turning it into a “buy the rumor, sell the news” scenario. Since then, it has been a downward spiral for the token and the pain may not be over. Litecoin Volume Slumps Post-Halving Litecoin volume since the halving was…