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  • Cardano (ADA) stablecoin Djed will go live next week

    Cardano (ADA) stablecoin Djed will go live next week

    The upcoming Djed protocol’s stablecoin, Djed, and its Shen governance token will list on Cardano-based decentralized exchanges (DEX) MuesliSwap and MinSwap after their issuance next week, as per tweets from the two DEXs.

    Djed is a formally verified algorithmic stablecoin for Cardano that is backed by cryptocurrency, IOG, the company behind the development of Cardano, designed the stablecoin, while COTI Group is responsible for issuing it. The stablecoin was announced back in September 2021.

  • Total crypto market cap rises above $1 trillion

    Total crypto market cap rises above $1 trillion

    According to Coinmarketcap, the total cryptocurrency market capitalization is $1.06 trillion, a 1.57% increase over the last day.

  • Celsius floats possibility of debt token to repay creditors

    Celsius floats possibility of debt token to repay creditors

    The defunct crypto lender Celsius is exploring the possibility of creating a debt token to repay creditors.

    According to Celsius attorney Ross M. Kwasteniet, the plan and the new asset would be called an “Asset Share Token” (AST). The Asset Share Token (AST) won’t give creditors full recovery and they would receive a haircut on what they are owed.

  • Amazon to launch gaming-focused NFT initiative

    Amazon to launch gaming-focused NFT initiative

    Amazon to launch gaming-focused NFT initiative

    E-commerce giant Amazon is launching an NFT initiative focusing on blockchain gaming and related NFTs in the spring of 2023, according to a Blockworks report.

    The initiative is still in the development stage, but the deadline for the launch is set as April, according to Blockworks. One of the use cases will allow Amazon users to play blockchain-based games and claim free NFTs.

  • US institutions account for 85% of Bitcoin buying in ‘very positive sign’

    US institutions account for 85% of Bitcoin buying in ‘very positive sign’

    US institutions account for 85% of Bitcoin buying in ‘very positive sign’

    According to Markus Thielen, the head of research and strategy at the financial services firm Matrixport, evidence shows that institutions are not “giving up on crypto” and this is an indicator that we might be entering a new “crypto bull market now.”

    The report cited that Bitcoin is up 40% this year, with 35% of those returns occurring during U.S. trading hours, meaning there is an “85% contribution” associated with U.S.-based investors, indicating that U.S. institutions are buyers of Bitcoin right now.

  • Stablecoin regulation is first on new subcommittee’s to-do list

    Stablecoin regulation is first on new subcommittee’s to-do list

    Stablecoin legislation will be one of the top priorities for the newly formed U.S. House of Representatives subcommittee on digital assets, financial technology and inclusion, according to Rep. French Hill.

    The subcommittee also wants to pursue a privacy statute federally, which is important to a digital future and part of the foundation of moving from an analog financial services environment to a more digital environment.

  • SHIBA INU now accepted at Vietnam’s top water sports destination

    SHIBA INU now accepted at Vietnam’s top water sports destination

    SHIBA INU now accepted at Vietnam’s top water sports destination

    SHIBA INU holders can now use their SHIB assets to book activities such as snorkeling, kayaking, sailing, scuba diving and the like at Phú Quốc, Vietnam’s top destination for water sports. This is enabled by travel booking platform Travala.

    SHIB holders can picnic in various destinations around the world, as SHIB can be used to book more than three million travel products worldwide on the site, including flights, hotels and travel packages.

  • Bitcoin hash rate taps new milestone with miner hodling at 1-year low

    Bitcoin hash rate taps new milestone with miner hodling at 1-year low

    Hash rate, which is an expression of the processing power dedicated to the network by miners, is currently at 321 exahashes-per-second (EH/s), according to MiningPoolStats raw data.

    Despite a dramatic hash rate renaissance, data shows that Bitcoin miners’ BTC reserves are at 1,837,138 BTC, standing at their lowest since December 2021.

  • Polkadot, Kusama see significant jump in development activity

    Polkadot, Kusama see significant jump in development activity

    As per the latest statistics from crypto-analytic firm Santiment, Polkadot (DOT) and Kusama (KSM) are leading in development activity with the most GitHub commits over the past 30 days. Both networks had a score of 441.5.

    Ethereum (ETH), which became the blockchain with the most active developers in 2022, ranked ninth with a development activity score of 219.83.

  • Conflux surges 110.46% following integration with China’s Little Red Book

    Conflux surges 110.46% following integration with China’s Little Red Book

    Little Red Book, the e-commerce social network Little Red Book with over 200 million users, announced on Jan. 24 that it has integrated with Conflux to allow its users to mint their non-fungible tokens (NFTs).

    After the above news was announced, the native token of the Conflux ecosystem CFX price increased by 110.46% in the last 24 hours. Based on a one-week price movement, CFX has gained 144.17% of its value.