Circle CEO suggests China should consider using CNY-backed stablecoins to promote the internationalization of its currency, emphasizing their potential effectiveness over CBDCs. Key Points In a recent interview with the South China Morning Post, Jeremy Allaire, CEO of Circle, suggested that the Chinese government should consider allowing Chinese Yuan (CNY)-backed stablecoins as a means to…
ZachXBT’s investigation into the Boneheads NFT rug pull leads to legal action in Canada over the scam worth $3.1 million. Key Points Crypto detective ZachXBT’s investigation into the infamous Boneheads NFT rug pull has made waves in the Canadian legal system. The lawsuit, which centers around the project’s scam of over $3.1 million, relies heavily…
Coca-Cola partners with SolSea for an exclusive NFT collaboration at the EXIT Festival in Serbia, offering attendees the opportunity to acquire limited edition Coca-Cola merchandise and NFTs. Key Points Coca-Cola has exciting news for all music and NFT enthusiasts! The renowned company has joined forces with SolSea, a leading NFT platform, for a special collaboration…
Luminex unveils the BRC69 Ordinals standard, simplifying customization and potentially revolutionizing Bitcoin Ordinals for content creators and traders. Key Points Luminex, a web3 launchpad, has unveiled a new standard called BRC69 Ordinals, which could potentially revolutionize Bitcoin Ordinals for content creators and traders. This standard offers a cost-effective solution for creators to develop Recursive Ordinals…
Kraken founder Jesse Powell faces FBI investigation over cyber-hacking and stalking allegations, adding to legal scrutiny and regulatory challenges for cryptocurrency exchanges. Key Points The founder of Kraken, a well-known cryptocurrency exchange, is currently the subject of an intense investigation as the Federal Bureau of Investigation (FBI) conducts a search of his Los Angeles home….
A surge in XRP burns, resulting from account deletions on the XRP Ledger network, raises questions and speculation within the crypto community. Key Points A surge in XRP burns has captured the attention of the cryptocurrency community. Approximately 247,000 XRP tokens were mysteriously burned, leading to confusion among crypto enthusiasts. This is mostly the result…
The floor price of the Bored Ape Yacht Club (BAYC) NFT collection has hit its lowest point in over 20 months, reflecting a larger decline in the NFT market. Important Points In a surprising turn of events, the floor price of the Bored Ape Yacht Club (BAYC) NFT collection has plummeted to its lowest point…
Shiba Inu’s burn rate soared by 1900%, and the Shibarium testnet surpassed 25 million transactions, generating excitement and anticipation for its mainnet release. Key Points Shiba Inu, the renowned meme-based cryptocurrency, witnessed an incredible surge in burn rate, skyrocketing by 1900% within a span of 24 hours. This surge came shortly after the Shibarium testnet,…
Cristiano Ronaldo collaborates with Binance to launch a new NFT collection, “ForeverCR7: The GOAT,” showcasing his career and exclusive benefits. Key Points The renowned football icon Cristiano Ronaldo has announced his latest venture in the digital art realm. In collaboration with global crypto exchange Binance, Ronaldo has created a collection of NFTs called “ForeverCR7: The…
Press Release / 30 June 2023 / George Town, Cayman Islands: We’re thrilled to announce our partnership with Zeeve (www.zeeve.io), an esteemed Web3 infrastructure-as-a-service (IaaS) platform provider. This strategic collaboration streamlines our MELD Node operation process, making it accessible and straightforward for our community. Zeeve’s ingenious platform allows for effortless onboarding of new Node operators…
