Author: coinadrenaline
Fidelity tests stablecoin quietly amid tokenization surge Fidelity Investments is reportedly running a low-profile pilot of its own stablecoin, signaling a bold move toward deeper involvement in the digital asset economy. With more than $5 trillion in assets under management, Fidelity’s entrance into the stablecoin market could mark a significant shift in how institutional players embrace blockchain-based finance. According to sources familiar with the matter, the fund giant is in the advanced stages of testing a digital token intended to act like cash within crypto markets. This stablecoin, still unnamed and undisclosed to the public, is being developed by Fidelity…
Kazakhstan’s financial sector recently strengthened ties with the United Arab Emirates (UAE) through a delegation visit from March 26-27. Kazakhstan, UAE to Cooperate on CBDC Development A delegation from Kazakhstan’s financial sector recently visited the United Arab Emirates (UAE) to strengthen collaboration in digital assets and blockchain technology. Held from March 26 to 27, the […]
The Enterprise Ethereum Alliance (EEA) and EY Blockchain team hosted a focused discussion on stablecoins and enterprise blockchain adoption at the EY Manhattan office. The event brought together industry leaders to explore how stablecoins are revolutionizing financial services for enterprises. Key Session Highlights Demystifying Stablecoins Speakers broke down the core technology behind stablecoins and explored the different types available to enterprises today. Discussions clarified how these digital assets maintain stability while offering programmable features that traditional currency cannot match. Mass Adoption Catalyst The panel identified why stablecoins are uniquely positioned to bring digital assets to billions of users globally: 90%…
Ethereum’s MVRV ratio nears the “red box” zone, signaling potential selling pressure. Historical patterns suggest a correction could follow as ETH’s overvaluation risks increase. Ethereum’s [ETH] MVRV ratio is inching closer to the dreaded “red box” zone — a level historically linked to market pullbacks. As the metric teeters on the brink, traders are on high alert, weighing the risk of overvaluation against the possibility of sustained momentum. With past patterns hinting at looming selling pressure, could Ethereum’s recent gains be running on borrowed time? Ethereum’s MVRV nears critical levels Ethereum’s MVRV ratio is inching closer to the critical “red…
Video game retailer GameStop Corporation (GME) has finished a convertible debt offering that raised $1.5 billion, with some proceeds earmarked for buying Bitcoin.The offering was initially set to raise at least $1.3 billion, but purchasers opted for an additional $200 million aggregate principal amount of notes, GameStop said in an April 1 filing with the Securities and Exchange Commission.”The company expects to use the net proceeds from the offering for general corporate purposes, including the acquisition of Bitcoin in a manner consistent with the Company’s Investment Policy,” GameStop added.The convertible notes are debt that can later be converted into equity…
For EIP-4844, Ethereum clients need the ability to compute and verify KZG commitments. Rather than each client rolling their own crypto, researchers and developers came together to write c-kzg-4844, a relatively small C library with bindings for higher-level languages. The idea was to create a robust and efficient cryptographic library that all clients could use. The Protocol Security Research team at the Ethereum Foundation had the opportunity to review and improve this library. This blog post will discuss some things we do to make C projects more secure. Fuzz Fuzzing is a dynamic code testing technique that involves providing random…
E-Crypto News’ update provides the latest articles on technology and cryptocurrencies.Crypto exchange FTX began repaying the major creditors $11.40 billion, guided by the 2022 crypto values despite the substantially higher prices. FTX begins $11.40 billion payout to creditors Creditors will benefit from claims based on November 2022 prices when BTC was valued at 80% less than its current value. Creditors with claims below $50,000 have […] e-cryptonews.com
On-chain data shows the Bitcoin Network Value to Transactions (NVT) Golden Cross is currently showing a trajectory that could suggest a bearish outcome for the BTC price. Bitcoin NVT Golden Cross Is Near Overheated Territory Right Now As explained by an analyst in a CryptoQuant Quicktake post, the NVT Golden Cross has a high value at the moment. The “NVT Ratio” is an on-chain indicator that keeps track of the ratio between the Bitcoin market cap and transaction volume. The market cap here is simply the total value of the cryptocurrency’s circulating supply at the current spot price, while the…
Several cryptocurrency-related news stories from Russia dominated the first weeks of March. Some indicate the sector’s ongoing development, while others point to weak spots that require more action. Let’s examine them to see if the Kremlin will embrace crypto. Crypto investment testing The current status of crypto in Russia is far from loose—residents are allowed to buy and hold crypto, but they cannot pay with it. Crypto holdings are subject to taxation. Also, crypto mining is allowed and regulated but temporarily banned in select regions. On March 12, the Bank of Russia offered to allow a limited number of “particularly…
In the last 24 hours, the price of BNB has made a strong decline as it dropped below the $600 level. Currently, buyers are aiming for a recovery rally. Additionally, BNB’s trading volume has surged by 16% in the past 24 hours, reaching $1.4 billion. Looking at the bigger picture, BNB’s price has been facing increasing downward volatility since the crash on February 3. However, BNB is now attempting for a recovery rally amid rising bearish threat. In the last 24 hours, its market cap has surged by 0.45% to $85.73 billion. BNB Failed to Meet Buyers’ Demand BNB is…