Crypto Bubble

2023-07-03 11:32:05 ​​BabyDoge Achieves New Big Community Milestone

Twitter account of popular meme cryptocurrency BabyDoge has announced that the number of its followers has surpassed 1.45 million.

On April 29, this number was still at the 1.3 million level, while in February it stood at 1 million. Thus, over the past 5 months, the growth has been nearly half a million Twitter followers.

This is not the only milestone reached by BabyDoge recently. As reported by U.Today, earlier this week the number of the BabyDoge circulating supply was finally verified by CoinMarketCap.

Besides, the BabyDoge holder number has spiked to reach an all-time high of 1,550,000 addresses.

At press-time, the price of the meme token is holding at $0.000000001177, showing a decline by 3.46 percent in the past 24 hours. Open / Comment

2023-06-26 10:52:03 ​​ Pharma companies team up with DeSci to accelerate scientific research.

Pfizer is now the first big pharma to participate in a decentralized autonomous organization.

Having emerged as a movement in the research community, decentralized science (DeSci) initiatives are progressing at a pace even big pharma cannot ignore. Pfizer is now the first pharmaceutical company to vote on decentralized autonomous organization (DAO) proposals of the German blockchain-based organization VitaDAO.

The collaboration is part of VitaDAO’s latest fundraising disclosed in late January from strategic members, including Pfizer Ventures, Shine Capital and L1 Digital — among other longevity enthusiasts. The $4.1 million raised will fund longevity research projects and accelerate the spinout of VitaDAO’s first biotech startups, with two more in development for 2023.

“Pfizer is now bringing some of their own scientists to join with the community of researchers who are part of VitaDAO to help incubate some of this research,” Alex Dobrin , the community and awareness steward at VitaDAO, told Cointelegraph.

DeSci has fostered the emergence of a thriving ecosystem with projects ranging from decentralized biotech foundations to funding vehicles. “Some of the major trends in the field can include research and investment platforms, crowdfunding for scientific research, scientists and researcher communities,” explained Tuan Cao, founder of GenomicDAO, a San Francisco-based platform launched on Feb. 19 by artificial intelligence biotech company Genetica.

This decentralized platform aims to establish a community to drive and govern Asian-focused precision medicine initiatives. Its first subsidiary DAO is working on stroke prevention, targeting awareness, and research and development for ischemic strokes.

Worldwide, stroke is one of the most common causes of disability and vascular death. The American Heart Association reports that there were over 77 million ischemic strokes around the world in 2019. Asian populations have higher stroke incidences than Western populations, according to a study published in the Journal of clinical hypertension in 2021. Open / Comment

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2023-06-22 11:17:02 ​​Stablecoin based on the Cardano network will be released in 2023

Emurgo, Cardano's underlying blockchain platform, is ready to deploy USDA's native Stablecoin. The new crypto-asset is scheduled for release in early 2023. USDA is expected to be a regulated stablcoin fully backed by fiat.

The USDA product is a component of the Emurgo Anzens program, which will provide customers with a range of asset-based financial services and products in the Cardano ecosystem.

These programs include cryptocurrency-based card payments, lending and borrowing services, and connections between established marketplaces and decentralized applications (dApps).

With this, users will be allowed to tokenize their USDA dollars. This will be possible through both credit and debit cards or even bank transfers and ADA conversions.

Emurgo Fintech managing director Vinit Bhuvanagiri commented on the Cardano team's decision:

Creating a Stablecoin that is fully fiat backed and regulatory compliant is the next step in realizing the future of our community. Open / Comment

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2023-06-12 11:45:30 Net Bitcoin ATMs See Surge in Usage After 4 Months of Global Slump
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2023-06-07 15:00:05 ​Former Coinbase Manager and His Brother Agree To Settle SEC Insider Trading Charges

A former Coinbase manager and his brother have agreed to settle insider trading charges brought by a US regulator.
Ishan Wahi and his brother, Nikhil Wahi, agreed to settle those charges on Tuesday.

The SEC filed a complaint against the brothers in July, alleging that Ishan Wahi helped his brother by tipping him and his friend, Sameer Ramani, about what crypto would be available to trade on Coinbase and thus profited when the value of the crypto went up.

“While the technologies at issue in this case may be new, the conduct is not. We allege that Ishan and Nikhil Wahi, respectively, tipped and traded securities based on material nonpublic information, and that’s insider trading, pure and simple,” said Gurbir S. Grewal, Director of the SEC’s Division of Enforcement in a statement. Open / Comment

2023-06-05 11:30:00 ​Solana’s Blockchain May Become 'Apple of Crypto', Says Co-founder

Speaking in a recent interview with TechCrunch, Gokal likened Solana to Apple, saying the Mac and iPhone maker’s “relentless focus on simple interaction” is something Solana has learned from.

Solana has the potential to be the Apple of crypto,” Gokal said in the interview while pointing to the fact that Apple “worked for close to a decade on latency for touchscreens to allow for the iPhone to come out and it just felt like magic.

“There were a lot of things to be built on top of that platform to get the iPhone and App Store and app ecosystem to where it is today. But it all started with one relentless focus on a simple interaction that had to work perfectly,” the Solana co-founder said. Open / Comment

2023-06-02 10:15:00 ​Hong Kong and UAE Central Banks Join Forces on Crypto Regulations

Both Hong Kong and the United Arab Emirates (UAE) have strengthened ties after their respective central banks (CBUAE) and monetary authorities (HKMA) agreed to join forces on crypto regulation earlier this week.

The parties held a meeting in Abu Dhabi on Monday to “enhance collaboration between the financial services sectors of the two jurisdictions,” according to a press release from the HKMA published yesterday.

The topics discussed included financial infrastructure, financial market connectivity between both regions and “virtual assets regulations.” Both central banks also sparked discussions between their respective innovation hubs on “joint fintech development initiatives and knowledge sharing efforts.” Open / Comment