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Fanusie doesn’t believe the Chinese-led CBDC movement on the global stage will replace the U.S. dollar, but it may cause a series of geopolitical headaches. A cryptocurrency researcher and former CIA analyst believes the United States government’s relatively slow start on Central Bank Digital Currency (CBDC) development may result in it losing grip on controlling the global financial system. Yaya Fanusie, the policy head at the crypto advocacy group the Crypto Council for Innovation explained in a Feb. 28 Bloomberg interview that sanctioned states are looking to transact on financial infrastructure that isn’t controlled or heavily influenced by the U.S. in order to move funds more freely cross-borders. If the U.S. continues to sit on the “sidelines” and lag behind on CBDC adoption, Fanusie believes this may spell “trouble” and cause unforeseen “geopolitical implications” over time: Fanusie explained that state-issued CBDCs could be a part of this financial infrastructure that becomes

Stargate Finance, a completely composable liquidity transmission mechanism, is the core of Omnichain DeFi. Users and dApps can use the protocol’s unified liquidity pools with instant assured finality and transfer native assets cross-chain. Transfers through the Stargate have instant guaranteed finality, meaning a transfer submitted on the source chain is guaranteed at the destination. Liquidity providers can also farm their LP tokens to earn STG token rewards. Apart from this, STG token holders can lock them in exchange for veSTG, Stargate’s governance token. Stargate Finance’s token, STG, has seen a downtrend of 1.96% in the last 24 hours, along with the crypto market drop of 0.26%. The crypto asset has, however, been on an uptrend for the last 30 days before faltering in the last week. Could this be a good time for investors to invest in the digital asset for gains? Invest in STG Before It Rallies The general crypto market is experiencing a downtrend of 0.26% in the last 24 hours

1. BitFuFu, a cloud mining company, has started a marketplace for discount coupons on the Antiminer branded rigs manufactured by Bitmain, the world’s leading manufacturer of crypto mining machines. Bitmain started issuing coupons for Antminers to loyal customers last year. Many remain unused because miners are short on cash to spend on new equipment. Bankrupt companies including Celsius Network and Core Scientific (CORZ) have been trying to sell their coupons to raise funds that they can return to their creditors. Ethan Vera, chief operating officer at mining services firm Luxor Technologies, estimates there are $50 million worth of coupons circulating in the market.（CoinDesk） Read more 2. Crypto miner Hive Blockchain has reported quarterly earnings that show it achieved $14.3 million in revenue for the third quarter ended Dec. 31, with gross mining profits of $3.6 million, down 77 percent from $15.9 million in the previous quarter. HIVE posted a net loss of $90.4 million for the quart

2022 was a year of phenomenal crypto currency blowouts, as several projects collapsed and many more are on life support after the entire ecosystem was shattered. The fallout from these digital currency projects has not only removed billions of dollars in value from the crypto economy, but also eroded trust. The following is a look at six high-profile crypto currency project implosions that took place during 2022’s crypto winter. A Look at 5 Crypto Assets That Fell From Glory Amid the Crypto Market Downturn History shows that there have been many failures in the crypto currency market economy over the years, and a great example is how eight out of the top ten coins on May 5, 2013, have basically been forgotten despite the fact that some still hold value. Coins such as freicoin (FRC), terracoin (TRC), devcoin (DVC), and mincoin (MNC) are all distant memories now. During the 2022 crypto winter, several high-profile crypto projects imploded. Below is a summary of these project failur

Join Our Telegram channel to stay up to date on breaking news coverage XRP is down today, trading at $0.3771 , a more than 1% decrease in its 24-hour price. However, it has enjoyed some positive price movement in the past week, with a seven-day high of $0.4073. XRP still holds its number 6 position in the crypto market and is considered one of the crypto projects with enormous potential.  XRP is secured by a unique Federated Consensus Mechanism where transaction confirmation occurs through a consensus protocol. Will we see a return to the $0.04 price level? A close look at the price trends and charts will reveal the next possible price moves of the token. XRP Price Trend XRP traded at $0.2522 on December 24, 2022, and the asset, like other cryptocurrencies, struggled to shake off the effects of the bear market. In 2023, it traded rather conservatively at $0.3388 on January 1 before rising to $0.3742 on January 11, 2023. By January 13, it attained the $0.38 price level and pe

Join Our Telegram channel to stay up to date on breaking news coverage Stacks price is closing in on $1.0 after posting over 212% gains over the last two weeks to reach a high of $0.8993 on Thursday. This has led to increased investor interest in this open-source blockchain network functioning as Bitcoin’s layer for smart contracts and dApps.  Stacks boasts of being the first-ever token to successfully receive SEC qualification for sale in the United States. It has posted impressive rallies over the past few weeks leaving traders speculating where it is headed next. At the time of writing, STX was trading at $0.8008, down 7.33% on the day. This placed the token among the top biggest losers on Friday coming in third behind Ankr (ANKR) and Neo (NEO) which had lost 10.56% and 9.68% of their value over the last 24 hours respectively. Closing the top five was Tezos (XTZ) which was trading at $0.7972 after dropping 7.33% over the last day. Top Crypto Losers Source : CoinMarketCap

Sam Bankman-Fried (SBF), the disgraced co-founder of FTX, faces four more charges after a new indictment was unsealed on Wednesday. The charges include operating an unlicensed money transfer business and conspiring to commit bank fraud. SBF Gets 4 New Charges Tacked Onto His Indictment The former CEO of FTX was originally indicted 72 days ago by a federal grand jury in Manhattan, and prosecutors charged the crypto exchange co-founder with eight different offenses. The charges include conspiracy to commit wire fraud, wire fraud, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, and conspiracy to commit money laundering. A new indictment was unsealed by the court on February 22, 2023, adding four new charges to SBF’s case. The charges include operating an unlicensed money transmitter and conspiracy to commit bank fraud. “Exploiting the trust that FTX customers placed in him and his exchange, Bankman-Fried stole FTX customer deposits and used billions of do

Join Our Telegram channel to stay up to date on breaking news coverage The Ethereum blockchain’s core developers have set the launch date of the Ethereum Shanghai/Capella upgrade on the Sepolia test network.  What: The Ethereum blockchain’s core developers have set the launch of the Shanghai-Capella upgrade on the Sepolia test network for 28 February 2023.  Why: The Shapella upgrade is part of the various public testing stages to achieve the final upgrade, the Shanghai upgrade, which will occur in March.  What Next: The upgrade will allow ether ($ETH) withdrawals from network validators,  a feature that is not currently available.  The upgrade will be the second significant upgrade to be deployed after the Zhejiang testnet, following the public testnet. The Shanghai-Capella upgrade , or Shapella, will allow ether ($ETH) withdrawals from network validators, a feature that was unavailable during The Merge, the network’s switch from proof-of-work to proof-of-stake consens

Join Our Telegram channel to stay up to date on breaking news coverage In a well-orchestrated smart contract scam, an Arbitrum-based stablecoin has fallen prey leading to users losing about $2 million from their accounts. CertiK, a renowned Web3 security firm, highlighted the incident following an announcement from Hope Finance Twitter post, notifying the users of the deception. #CommunityAlert 🚨@hope_fin have announced the community has been scammed for ~$2m making this the largest #exitscam on Arbitrum in 2023. $1.86m was transferred to @TornadoCash. Hope_fin have posted steps for user's to withdraw their staked LPhttps://t.co/hJbFXiKujt — CertiK Alert (@CertiKAlert) February 21, 2023 Noteworthy, the complete details of the project are yet to be fully disclosed. The Twitter account of the platform was launched in January, 2023. Notably, it outlined the details of an upcoming algorithmic stablecoin known as Hope Token (HOPE). The token is said to dynamically adjust

In the crypto economy "party", market makers are the dancefloor, the logistics team, the bartenders and all the bars that traders and participants can attend. What is a market maker, and how do they differ in the crypto and traditional finance markets? At the European Blockchain Conference in Barcelona, Cointelegraph discussed the topic with key market makers in the crypto industry on one of the conference’s first panels. Cointelegraph reporter Joseph Hall drew up the analogy that crypto market makers are much like cool bartenders at a very high-tech and unashamedly nerdy cocktail party. Their job is to keep the drinks flowing, i.e., provide liquidity and ensure everyone's having a good time while maintaining order in the market. Cointelegraph's @JoeNakamoto hosting the "Why Market Making is Key for a Crypto Market Recovery" panel at the European Blockchain Convention where he so eloquently described what a market maker is pic.twitter.com/3EoJnNXLyU — Co