The Parcl protocol on Solana lost 40% of the total value locked after airdropping the PRCL token. According to data from DefiLlama, users withdrew more than 40% of the total value locked (TVL) from the betting platform for the real estate market Parcl. Source: DefiLlama The snapshot was intended for an airdrop that took place on April 15. However, against the...
Bloomberg analyst Eric Balchunas assessed the prospects for spot cryptocurrency ETFs in Hong Kong. According to the Balchunas, his asset estimate is currently $1 billion for the first two years. The ETF analyst noted this is positive but still far from the $25 billion estimate cited by some analysts. “But a lot depends on infrastructure improvement. We...
The value of the stablecoin Pax Dollar (USDP), issued by the Paxos Trust Company, experienced a surge to a high of $1.28, triggering the liquidation of $529,000 in USDC for a market participant. Like regular stablecoins, USDP is designed to maintain a stable value equivalent to a U.S. dollar, providing a safe haven for traders against the...
A new Bitcoin (BTC) ordinals project called Bitcoin Wizards, and its native token WZRD, are dominating both the crypto and non-fungible token (NFT) sectors after recording significant gains over the past day. WZRD is up by 88% in the past 24 hours and is trading at $9 at the time of writing — making it the...
Regulators in Norway are looking to clamp down on cryptocurrency mining via a new law for data centers operating in the nation. According to a report from local media VG, the new framework will mandate that data centers register officially and provide information about those involved, like owners and leaders, and the type of services they offer. The...
In an interview with Tucker Carlson, the elusive Telegram CEO Pavel Durov emphasized that crypto’s focus on privacy and security may soon be undermined by surveillance hardware. Despite the increasing role of governments as they involve themselves in privacy matters, Telegram CEO Pavel Durov is still optimistic about the future, saying those who care about privacy could still...
New Zealand’s central bank has started exploration into launching a central bank digital currency, with ongoing investigation projected until approximately 2030. The Reserve Bank of New Zealand is now exploring the introduction of a central bank digital currency (CBDC) also known as “digital cash,” as innovations in money and payments are “challenging New Zealand’s monetary sovereignty,” according to...
Cryptocurrency-focused service providers in Canada will face stricter regulatory mandates after new laws were introduced in the nation’s 2024 federal budget. Announced on April 16, the budget plans to enforce the Crypto-Asset Reporting Framework (CARF), a system approved by the Organisation for Economic Co-operation and Development (OECD) in August 2022. The move came in response to the G20’s mandate in 2021, which required...
Crypto.com’s venture arm has scaled back its investment activity as the sustainability of surging valuations in the sector becomes less evident. Crypto.com Capital, a venture arm of the company of the same name which had $500 million available for investments in startups in the sector as of January 2022, has reduced its investment activity over the past...
CoinGecko experts published a report on the crypto market for the first quarter, noting the growth in sector capitalization. In the first quarter, the crypto market showed growth, according to a CoinGecko report. The segment’s capitalization grew by 64.5%, reaching a peak of $2.9 trillion in March. In total, capitalization increased by $1.1 trillion. The report indicates that this...
