Circle Ends USDC Support on Tron Blockchain
Circle has decided to stop minting and supporting its USD-backed stablecoin USDC on the Tron blockchain network, requiring institutional clients to transfer or redeem their USDC holdings by February 2025.
Cryptocurrency
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Winklevoss Twins Back Crypto Super PAC With $4.9M Donation
Tyler and Cameron Winklevoss have each contributed $2.45M to the Fairshake super PAC, which now has over $72M to support crypto-friendly candidates in the 2024 US elections.
Partisia Blockchain Airdrops 25M Tokens
Pioneering multiparty computation blockchain Partisia kicks off a generous 25 million token airdrop campaign in February 2024, introducing its network to potential users and advancing platform security.
Switzerland: Blockchain’s Newest Unicorn Capital
Switzerland and Liechtenstein have seen a rise in crypto “unicorns,’ with 13 token-related firms now worth $1 billion or more, boosting the economy and attracting global investments in the blockchain industry.
Emoji Sentiment Correlates with Crypto Market Performance
Researchers have discovered a correlation between positive emoji sentiment on social media and positive market movements in crypto trading, suggesting that leveraging emoji sentiment can aid in making informed trading decisions.
Positive Prospects for Cardano’s ADA
Cardano’s treasury growth and Plutus V3 upgrade fuel optimism for ADA’s future, supported by Charles Hoskinson.
UK Seeks Swift Stablecoin, Staking Laws
The UK government aims to enact new legislation regulating stablecoins and crypto staking within the next 6 months, signaling a sense of urgency.
Honduras Bans Financial Institutions From Crypto Services
The CNBS in Honduras prohibits financial institutions from engaging in cryptocurrency activities due to regulatory concerns and risks, emphasizing the need for oversight in the sector.
Yuga Labs Acquires NFT Startup PROOF
Yuga Labs acquires PROOF, merging their NFT and crypto startup with its gamified metaverse play, Otherside, to lead the Web3 space and drive innovation in digital fine art.
Cryptocurrency Inflows Hit Record $2.45 Billion
Cryptocurrency investment funds recorded a record $2.45 billion in inflows last week as institutional interest and spot Bitcoin ETF approvals continued to drive assets under management to new highs.