Yield Chasers Propel Ethena’s USDE to $4.12B Market Cap in the Bull Market Frenzy
Based on current data, the stablecoin market has seen a notable expansion. This week, Ethena’s yield-bearing token, USDE, has reached a peak valuation of over $4.12 billion. Ethena’s USDE Tops $4.12 Billion: Is the Stablecoin Market Shifting Toward Yield? Yield-bearing stablecoins have steadily carved out a significant role in the market, with Ethena’s USDE now […] Powered by...
Phantom Money: Counterfeit Dollar Bills Haunt Istanbul Bazaar
Fears of counterfeit $50 and $100 bills have disrupted foreign-exchange trade at Istanbul’s Grand Bazaar, with some bureaus halting the purchase of these bills due to issues with identifying fake notes. There are conflicting views on the extent of the problem, with some traders blaming banks for clogging the system by not accepting old dollar […] Powered by...
Dramacool Shuts Down Pirate Operation Following Legal Pressure
Founded over a decade ago, Dramacool became a go-to destination for pirated copies of Asian dramas and related content. The site was originally started by a group of ‘students’ who wanted to share their passion for this entertainment niche. But what started as a hobby, eventually became a multi-site streaming operation with tens of millions of users. Most recently, Dramacool operated Asianc, Watchasia, Dramanice, and Runasian. The...
Data Analytics and AI Firm Raises $5 Billion, Has No Plans for an Imminent IPO
Databricks, a data and AI company, is reportedly raising $5 billion in its latest funding round, aiming for a total of $8 billion, which could be the largest this year. Prioritizing Growth Over IPO Databricks, a San Francisco-based data analytics and artificial intelligence (AI) company, is reportedly raising $5 billion in its latest funding round, […] Powered by...
FBI Sting Reveals Bitcoin Scheme Behind Counterfeit Goods Network
Alan Joseph, a Lancaster, Massachusetts man, was convicted on Nov. 22 for running an unlicensed business that converted cash into bitcoin to aid criminal activities, the U.S. Department of Justice (DOJ) said on Tuesday. Between August 2020 and February 2021, Joseph conducted transactions, including a $25,000 cash-to-bitcoin exchange, for an undercover agent who claimed involvement […] Powered by...
