The Daily Hodl
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Payments Giant Visa Rolls Out New Stablecoin Tool To Provide More Accurate Data on Transaction Volumes
- April 27, 2024
- Posted by: MasterAdmin
- Category: The Daily Hodl
No CommentsFinancial services giant Visa just launched a new tool to provide the public with more accurate data on key stablecoin activities.
In a series of posts on social media platform X, Visa’s head of crypto Cuy Sheffield says the payments firm partnered with data platform Allium to create the Visa Onchain Analytics Dashboard as a public resource for stablecoin transaction data.…
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Pantera Capital Wins Bid To Purchase a Stash of Discounted Solana From Bankrupt Crypto Exchange FTX: Report
- April 27, 2024
- Posted by: MasterAdmin
- Category: The Daily Hodl
Crypto asset manager Pantera Capital has reportedly won a bid to purchase discounted Solana (SOL) from bankrupt crypto exchange platform FTX.
According to a new report by Bloomberg, an anonymous person familiar with the matter says that Pantera won a bid to purchase a discounted stash of the Ethereum (ETH) rival.
Though the details of the deal haven’t been made public yet, the person says that 2,000 SOL tokens were sold this week.…
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Arthur Hayes Says US Election To Spark Excessive Government Money Printing, Offers Golden Opportunity for Crypto
- April 26, 2024
- Posted by: MasterAdmin
- Category: The Daily Hodl
BitMEX founder Arthur Hayes thinks excessive money printing in the lead-up to November’s US presidential election will drive a surge in Bitcoin (BTC) and crypto prices.
In a new analysis, Hayes argues that major global economic blocs including the US, China, the European Union (EU) and Japan are debasing their currencies to deleverage their balance sheets.
“As we exit the window of weakness that I forecasted would occur due to April 15th US tax payments and the Bitcoin halving, I want to remind readers why the bull market will continue and prices will get sillier on the upside.…
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DeFi Platform Hacked for at Least $1,900,000 and Possibly More on Ethereum and Arbitrum Blockchains
- April 20, 2024
- Posted by: MasterAdmin
- Category: The Daily Hodl
A decentralized finance (DeFI) protocol has been hacked to the tune of millions of dollars over the Ethereum (ETH) and Arbitrum (ARB) blockchains.
In a new announcement, cybersecurity firm Cyvers says that DeFi platform Hedgey Finance has been breached by bad actors who took at least $1.9 million worth of funds that were converted to the stablecoin Dai (DAI).…
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Top Crypto Exchange Binance Converts $1,000,000,000 Secure Asset Fund From Bitcoin and BNB to Stablecoin USDC
- April 20, 2024
- Posted by: MasterAdmin
- Category: The Daily Hodl
Binance has converted all of the crypto in its $1 billion emergency insurance fund into the stablecoin USDC.
The top global crypto exchange established the “Secure Asset Fund for Users” (SAFU) in 2018 to protect Binance users from “extreme situations.”
The fund has typically attempted to maintain a balance worth $1 billion, though fluctuating crypto prices have impacted the value of its holdings over the years.…