The developers of Cardano’s (ADA) new stablecoin have revealed when the dollar-pegged crypto asset is slated to launch. In a new blog post, payments firm COTI says that Djed, Cardano’s new stablecoin, is scheduled to launch sometime next week. According to the developers, the only thing standing in the way of Djed’s launch is the […]
The post New Cardano (ADA) Stablecoin Launch Revealed – Here’s When Djed Comes Out appeared first on The Daily Hodl.
Tehran and Moscow are discussing the possible launch of a stablecoin for international settlements, the Russian press revealed. In order to mint the gold-backed currency, however, authorities would need to first regulate crypto assets, a lawmaker noted. Russian, Iranian Representatives Talk Using Gold-Backed Stablecoin in Foreign Trade Iran’s central bank is considering the possibility of […]
Right now, Bitcoin is a day away from matching a nearly 10-year-old record and Ethereum could hit a significant milestone by Q2.
The world's first cryptocurrency Bitcoin (BTC) is one day away from matching its historic 15-day win streak if its positive price movement keeps up.
In November 2013 Bitcoin posted a 15-day consistent positive price movement, the longest in its history.
₿REAKING: #Bitcoin price has increased 14 days in row — A single day away from making a historic new record! pic.twitter.com/qclJhikcds
— Documenting ₿itcoin (@DocumentingBTC) January 17, 2023
Right now, BTC is on day 14 of its win streak, hitting four-month highs in the process.
One more day of upwards price movement will match its 2013 streak. If it continues another day after that it will set a new 16-day record.
It’s not the only bullish metric crossing into new territory.
Ethereum addresses holding at least some Ether (ETH) will soon cross the 100 million mark given the current amount of wallet addresses and the historical growth rate of the metric.
On Jan. 16, crypto analytics firm Glassnode said the number of non-zero ETH addresses reached an all-time high of nearly 92.5 million.
#Ethereum $ETH Number of Non-Zero Addresses just reached an ATH of 92,483,337
— glassnode alerts (@glassnodealerts) January 16, 2023
View metric:https://t.co/beS1MtIgAZ pic.twitter.com/ripGHhmuEU
According to the data, Ethereum is just 7.5 million non-zero addresses away from crossing the 100 million milestone.
Since 2019 the figure has risen by roughly 20 million per year. If that rate continues its likely non-zero ETH wallets could hit 100 million by sometime in the second quarter of 2023.
Another Ethereum statistic that has continued to grow is the count of its validators — entities responsible for validating transactions made on the blockchain.
The ETH validator count crossed the 500,000 mark on Jan. 12 as per BeaconScan data.
It comes as the Shanghai hard fork slated for March would — among other updates — allow validators to finally withdraw their ETH which was staked so they could help validate the network.
The United States is the most accepting country for those who want to splash their crypto on purchases.
More than half of the companies from a list of 250 accepting crypto as paymen were U.S.-based according to the Jan. 14 Forex Suggest Crypto Acceptance Report, giving the country the top spot for the number of crypto-accepting firms.
The U.S. was trailed by runner-up the United Kingdom while third place went to America's neighbors to the north, Canada.
Related: Opinion: The Inter-Blockchain Communication Protocol will end ecosystem maximalism
E-commerce was the most accepting industry of crypto closely followed by the travel industry.
The largest business by market capitalization to accept crypto was the $1.8 trillion big tech player Microsoft.
Not everything was bullish. Wrapped Bitcoin (WBTC), a tokenized and 1:1 backed version of BTC on Ethereum, has seen its supply on the Ethereum blockchain drop by 35% since May 2022.
A Jan. 17 tweet from Glassnode revealed the May 2022 all-time high of 285,000 WBTC on Ethereum came right before the price collapse of TerraLunaClassic (LUNC) and its paired algorithmic stablecoin TerraClassicUSD (USTC).
The total $WBTC Balance wrapped on #Ethereum has declined by over 35% since the collapse of the LUNA/UST project
— glassnode (@glassnode) January 17, 2023
At the peak, there were 285k #Bitcoin wrapped on #Ethereum, and this has since fallen by 101.55k $WBTC over the course of 2022
Live Chart: https://t.co/y3COK5pbuA pic.twitter.com/QWRYyBcV7j
The amount of WBTC has fallen by 101,550 over the course of 2022 and the blockchain now hosts around 183,500 tokenized Bitcoin.
Just five days after it imposed them, Wyre has removed all limits on account withdrawals.
Crypto payment platform Wyre has lifted the 90% withdrawal limit it placed on its users earlier this week after securing additional funding.
On Jan. 13, the San Francisco-based fintech firm announced that it had received financing from a “strategic partner” that allows it to continue the normal course of operations, including re-accepting deposits again.
“As a regulated financial institution, we’re proud that we were able to continue delivering our services in a safe and sound manner without pausing withdrawals” it added.
Hey Wyre community – we’re excited to share that today we received financing from a strategic partner that allows us to continue our normal course of operations.
— Wyre (@sendwyre) January 12, 2023
Wyre set withdrawal limits on Jan. 8 restricting customers from emptying their accounts entirely with a 90% withdrawal cap.
The limits were imposed just two days after former employees hinted at the possibility of the firm’s shutdown. Explaining the withdrawal cap then, Wyre said it was in “the best interest of our community,” without divulging further.
However, as of the latest update, Wyre says it has now removed that cap and full withdrawals and deposits are permitted again after receiving “additional capital” from an unnamed “strategic partner.”
“We will resume accepting deposits and lift the 90% withdrawal limit effective immediately.”
“This additional capital will help us continue to deliver on our mission to simplify and revolutionize the global financial ecosystem,” it added.
Wyre provides real-time payouts, same-day transfers, direct-to-bank transfers, and cross-border payments in fiat and crypto. The company was acquired by fintech firm Bolt for $1.5 billion in April 2022.
Related: Cryptocurrency is headed toward surviving its first age
The company, founded in 2013, has been feeling the squeeze like many others in the crypto bear market. It laid off 75 employees earlier this month according to reports.
Furthermore, concerns have been raised over insolvency as reports circulated regarding a potential shutdown in early January. However, the company has denied them and today’s announcement suggests that its current situation has improved.
Popular crypto wallet MetaMask severed ties with Wyre on Jan. 5 when it announced the removal of the platform from its mobile aggregator and browser extension.
The Central Bank of Russia has detailed two methods for implementing the digital ruble and other state-backed coins in international settlements. The monetary authority also plans to start testing consumer-to-business (C2B) operations in the first quarter of the year. Russia’s Central Bank to Propose Platforms for Digital Currency Payments in Foreign Trade Moving forward with […]
A major Ukrainian chain of pharmacies has started accepting cryptocurrency through Binance Pay. The new payment method will be available online, according to the company, which operates hundreds of drugstores across the war-torn Eastern European nation. Pharmacy Offers Ukrainians Option to Pay With Crypto Using Binance Pay Customers of the Ukrainian pharmacy chain ANC can […]
The Central Bank of Russia plans to use cryptocurrency for cross-border payments in trials with private companies, a member of its top management has revealed. The testing will be conducted under a special legal regime that’s currently under development. Russia’s Central Bank to Explore Crypto Settlements Amid Financial Sanctions The Central Bank of the Russian […]
Russian President Vladimir Putin believes a new system for international money transfers is needed to reduce dependence on big banks and third parties. He is convinced that cross-border payments relying on digital currency and distributed ledger technology will be “much more convenient.” Russia’s Head of State Urges for Blockchain-Powered International Payments President of Russia Vladimir […]
Companies developing software solutions for foreign customers are urging Russian authorities to allow them to accept crypto payments. The proposal is part of a package of measures aimed at supporting IT exports suggested by an industry organization to the executive power in Moscow. IT Businesses Call on Russian Government to Permit Cross-Border Crypto Settlements Russian […]
Living in the chaos of a deep crisis, people in Lebanon have been turning to cryptocurrency, a new media report has confirmed. From earning much needed income through mining and work, to storing wealth and paying in stores, bitcoin, tether and other cryptos have started to push aside the hyperinflated Lebanese pound and the hard-to-get-hold-of […]