Day: July 5, 2022

Circle’s USDC on track to topple Tether USDT as the top stablecoin in 2022

Circle’s USDC on track to topple Tether USDT as the top stablecoin in 2022

The USDT-to-USDC market cap ratio fell to its lowest ever in July 2022. The growth of Circle’s native stablecoin USD Coin (USDC) in the last two months compared to its $66-billion rival giant Tether (USDT) is nothing short of spectacular. USDT, USDC market cap ratio hits the lowest on record Notably, USDC’s market capitalization has …

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Lamborghini-backed GT racing team to authenticate car parts using NFTs

Lamborghini-backed GT racing team to authenticate car parts using NFTs

Former racing champion Vincenzo Sospiri said that this will allow them to monitor and ensure the quality of their car parts. Vincenzo Sospiri Racing (VSR), a GT racing team backed by Lamborghini’s motorsport department, has announced its partnership with nonfungible token (NFT) platform Go2NFT to launch a program that certifies racing car parts. In an announcement sent …

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DESPITE THE PRICE, GREAT THINGS ARE HAPPENING IN THE BITCOIN ECOSYSTEM

DESPITE THE PRICE, GREAT THINGS ARE HAPPENING IN THE BITCOIN ECOSYSTEM

Though the bitcoin price is bringing the overall sentiment down, many exciting things are happening in Bitcoin that will make this price drop temporary. The current bear market is on everyone’s minds. Doom and gloom are in every chart and metric. However, there is a lot to be excited about for Bitcoin HODLers and followers. …

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Bank of England’s Bailey warns global economic outlook has ‘deteriorated materially’

Bank of England’s Bailey warns global economic outlook has ‘deteriorated materially’

KEY POINTS The Bank of England said Tuesday that the global economic outlook has “deteriorated materially” and warned of possible further shocks to come. Governor Andrew Bailey blamed Russia’s invasion of Ukraine for piling further pressure on commodity prices and already rising inflation. “It is the right time to lock in resilience so that we …

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EPC Blockchain among 16 Startups Selected to Join EY Incubator

EPC Blockchain among 16 Startups Selected to Join EY Incubator

Big four accounting firm Ernst & Young (EY) has selected 16 early-stage startups to join its EY Foundry Cohort 5 program to propel disruptive solutions in four areas: sustainability, new enterprise, people and wellness, and services of tomorrow. EPC Blockchain, a Malaysian-based firm, is among those chosen, and it utilizes blockchain technology to record energy investments needed …

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Dubai Is Preparing to Take Its Government to the Metaverse

Dubai Is Preparing to Take Its Government to the Metaverse

The Government of Dubai is preparing to make part of its offices available in the metaverse, according to reports. The country is currently seeking third parties to help it arrange the transition of some of its departments to the virtual world, per statements made at a metaverse event by Sharad Agarwal, chief metaverse officer of …

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Nexo Signs Term Sheet With Vauld for Potential Acquisition

Nexo Signs Term Sheet With Vauld for Potential Acquisition

Nexo said it has a 60-day exclusive due diligence period in which to decide whether it will buy up to 100% of Singapore-based Vauld. Crypto lender Nexo signed a term sheet with Vauld that could result in Nexo buying 100% of the Singapore-based company. Pending due diligence, Nexo will acquire up to 100% of the …

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