Fairfax County continues to invest public retirement funds in the cryptocurrency space, highlighting the ‘short-term nature’ of yield farming as an appealing portfolio diversifier. Virginia’s Fairfax County continues to be a prominent public institutional investor in the cryptocurrency space and is set to diversify its portfolio with a move into yield farming. As previously reported,...Continue Reading

Banking Circle was launched in 2016 with a mission to help payments businesses reach new global markets, avoiding the burdens of traditional banking. Banking Circle, a European bank focused on cross-border payments, is adopting a major U.S. dollar-pegged stablecoin for payment rails. The firm officially announced on Friday the adoption of the USD Coin (USDC)...Continue Reading

Changpeng Zhao, the CEO of Binance, said that compliance with regulation is very crucial to the broader adoption of crypto. Crypto exchange Binance has been registered as a virtual asset service provider (VASP) by the Bank of Spain. This allows the exchange to offer custody and crypto exchange services in the country legally.  Binance said...Continue Reading

The U.S. dollar is breaking out yet again, adding to misgivings about the authenticity of Bitcoin’s surge to $22,400. Bitcoin (BTC) is on track for its biggest weekly gains since March, but not everyone is convinced the good times will last. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Crypto sentiment highest since early May Data...Continue Reading

SHIB price remains at risk of falling further against DOGE due to weak technicals. Shiba Inu (SHIB) has grown stronger against its top “memecoin” rival Dogecoin (DOGE) in the last two months, in part due to the token’s periodic token burning events and a flurry of project announcements that promises to boost its utility. Why...Continue Reading

A lobby group suggests supporting the credit union engagement instead, applicating consumer protection rights to digital assets holders. A United States-based lobbying group has raised a voice against developing a central bank digital currency (CBDC) in the United States. The National Association of Federally-Insured Credit Unions (NAFCU) believes the project’s cost outweighs the “hypothesized benefits.”...Continue Reading

A majority of the phishing attacks recorded have been conducted on social media platforms that do not have account verification features. As Web3 adoption goes further and more beginners enter the space, hackers are becoming more active, with more phishing attacks being recorded in the latest quarter of 2022 and social media being noted as...Continue Reading

The total value of stolen BAYC NFTs has cracked $18.5 million, BNPL comes for NFT buyers and Australia makes big moves in the non-fungible space. A Dune analytics platform user has found that more than $18.5 million worth of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) Nonfungible tokens (NFTs) have been...Continue Reading

GHO would allow users to borrow the stablecoin while still learning yield on their locked assets on Aave, however the proposal is just seeking feedback at this stage. Decentralized finance (DeFi) giant Aave has unveiled plans to launch an overcollateralized stablecoin called GHO, subject to the community DAO’s approval. The announcement was made by Aave...Continue Reading

The research firm said that the discrepancy is partially explained by the fact that the average crypto owner is “more likely to be wealthier, younger and male” than the average U.S. adult. Consumer confidence is considerably higher among crypto owners than the average American adult, with crypto owners sitting 16.4 points higher on the consumer...Continue Reading