USD Coin (USDC) issuer Circle exposure to the United States banking system sits near to $9 billion, according to its latest audit report from January. Circle’s reserves are held in a number of regulated financial institutions in the country, including Silvergate, Silicon Valley Bank, and Bank of New York (BNY) Mellon. According to the report, the amount held in cash by U.S. regulated financial institutions was at $8.6 billion as of January 31, meaning roughly 20% of its reserves. Another $33.6 billion of Circle’s reserves are held in U.S Treasuries…
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‘Vitalik’ NFT Collection Takes Top Spot on OpenSea
In one week, collectors minted 9,221 tokens at a floor price of 0.5 ETH, or about $770. The collection has already hit the secondary market in full force. According to data from OpenSea, the collection’s trading volume of 7,763 ETH, or nearly $12 million at the time of writing. Source
Blockchain Retail Market Size to Top Over $2 Billion by 2028 — Study – Blockchain Bitcoin News
According to Fortune Business Insights, the global blockchain retail market size is expected to surge from the $172.2 million recorded in 2021 to over $2 billion by 2028. Both the demand for the product by end-users as well as the growing use of the technology in supply chain management are expected to sustain the market’s projected compound annual growth rate (CAGR) of 42.8%. Inherent Benefits of Blockchain The value of the global blockchain retail market size is expected to grow from the $172.2 million recorded in 2021 to over $2…
Review – Is Cointraffic the Top Choice for Cryptocurrency Ads
Cointraffic is a globally recognized advertising network for cryptocurrency and blockchain. Based in Estonia, the company has a wide range of crypto projects and publishers that use its services. Both small and large publishers highly regard Cointraffic’s ad network, which is an effective means of generating revenue for crypto news and blog sites. The optimized ads that are distributed through the network, along with its crypto press release distribution service, provide benefits to both advertisers and publishers. Expectations regarding Cointraffic CPM (cost-per-mile) advertising is used to maximize banner impressions. As…
Solana (SOL)-Based Altcoin Skyrockets 266% After Earning Support From Top Crypto Exchange
A Solana (SOL)-based altcoin is exploding in price after earning surprise support from top Korean cryptocurrency exchange UpBit. According to UpBit, the crypto change is adding support for Access Protocol (ACS), which is a new content monetization crypto project built on top of Solana and Ethereum scaling solution Starknet. UpBit, which has the largest trading volume of any exchange in Korea, says trading of ACS on its platform is to begin March 7th. News of the listing sent the price of Access Protocol soaring by 296%, from a low of…
Yuga Labs’ Bitcoin NFT Collection Fetches Top Bid of Nearly $160K
The 288 NFTs minted will be inscribed onto satoshis on the Bitcoin blockchain. One token sold for as high as 7.1159 BTC, or about $159,600 at the time of writing, while the lowest accepted bid was 2.2501 BTC, or about $50,400. A directory of all TwelveFold ordinals will be published following the inscription process. Source
BUSD’s Exit From Top 10 Cryptocurrencies Shakes Market Valuations – Market Updates Bitcoin News
It has been 21 days since Paxos revealed that it would no longer mint the stablecoin BUSD. Since then, over 7 billion BUSD stablecoins have been redeemed. Prior to the announcement, BUSD was once a top-ten crypto asset. However, the top ten cryptocurrencies by market valuation have changed since the redemptions. Presently, there are only two stablecoins in the top ten standings, and the Okx exchange token, OKB, has joined the pack. 2023 Records Changes in the Top 10 Cryptocurrencies by Market Capitalization Every year, the top ten cryptocurrencies by…
Top 11 most influential women in tech history
Women have made significant contributions to the field of technology throughout history, but their achievements have often been overlooked or undervalued. By highlighting the accomplishments of women in tech, we can celebrate their achievements, break down stereotypes, and promote gender equality in the industry. Recognizing women’s contributions in tech also helps to create role models for young girls and women, inspiring them to pursue their dreams in tech and contributing to a more diverse and inclusive tech industry. Here are 11 of the most influential women in tech history to celebrate…
NFT Sales Dip by 32% in the Last Week, Ordinals Squeeze Into Top 10 Collections via Emblem Vault – Markets and Prices Bitcoin News
After a significant spike in February, sales of non-fungible tokens (NFTs) in the last seven days are 32.32% lower than last week. Of the 19 different blockchains, Ethereum accounted for $148.56 million out of the total $186.20 million in NFT sales settled this week. NFT Sales Decline Following February Spike in Digital Collectible Purchases During the past seven days, NFT sales totaled $186.20 million among 760,857 buyers. Although the number of buyers increased by 55.41% last week, sales volume decreased by 32.32%, and NFT transactions fell 91% compared to the…
Top US Crypto Exchange Coinbase Acquires Digital Asset Manager With Goal of ‘Bridging the Gap’ to Institutions
Top US crypto exchange Coinbase has acquired a digital asset manager in an effort to expand further into the institutional investor space. Coinbase purchased One River Digital Asset Management (ORDAM), a subsidiary of One River Asset Management, according to a new press release. ORDAM will now operate as Coinbase Asset Management (CBAM), an independent subsidiary of the US-based crypto exchange. Greg Tusar, Coinbase’s head of institutional product, tells Bloomberg that the acquisition is about strengthening ties with institutions. “This is about wanting to bring more institutional capital into the world…