🦎🚀 The stablecoins are back!

Wednesday, December 6, 2023

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Fresh Inflows

As fresh capital flows into cryptocurrencies, the stablecoin market experiences its first significant expansion in over 18 months, highlighted by Tether's USDT reaching an all-time high market cap of $89 billion.

Glassnode's data indicates a collective market capitalization surge of almost $5 billion among the largest stablecoins in the past month, totaling $124 billion.

This expansion marks a notable reversal from a prolonged downturn that began around May 2022, coinciding with the onset of the challenging crypto winter.

In other news, Ethereum NFT projects rush to secure their collections following a newly discovered vulnerability, IBM launches new cryptographic signing technology, and Coinbase introduces a service enabling customers to send money via messaging apps and social media platforms.

Read on!

24h Hot Searches Worldwide 🔥

VitaDAO (-12.8%)
ORDI (-5.9%)
Guacamole (+168.5%)
Bonk (+27.1%)
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Strike (-2.2%)
WAGMI Games (+13.1%)

Who is Lobbying For Crypto in the US This Year?

10 crypto companies account for a disproportionate 53.9% of the industry's US lobbying spend this year.

This includes Coinbase, Binance, Kraken, and Ripple, which have all been under recent regulatory scrutiny.

Where is bitcoin's price going? Find out what the institutions and analysts are predicting in this video!

Watch now!

Threat Detected

Creators behind Ethereum NFT projects are rushing to protect their collections following Thirdweb's revelation of issues with its smart contracts.

Thirdweb disclosed a security vulnerability within a widely used open-source library for Web3 smart contracts. This vulnerability impacts pre-built contracts provided by Thirdweb and other entities.

Decrypt

The Big Blue's New Toy

IBM introduced a cryptographic signing technology designed for managing digital assets in cold storage, mitigating risks linked to manual processes while maintaining assets at a safe distance from internet connections.

The technology, known as IBM Hyper Protect Offline Signing Orchestrator (OSO), adds extra security layers to safeguard high-value transactions.

These layers include disconnected network operations, time-based security measures, and electronic transaction approval by multiple stakeholders.

CoinDesk

Text Your Transactions

Crypto exchange Coinbase is rolling out a new service enabling customers to send money to one another through various widely-used communication channels without incurring any charges.

In a blog post, the company stated, 'We've simplified the process of sending money wherever you can share a link—be it through messaging apps such as WhatsApp, iMessage, and Telegram, social media platforms like Facebook, Snapchat, TikTok, and Instagram, or even via email.

The Block

Developers' Guide: How to Build a Crypto Wallet Using Python

Ever thought of coding up your very own crypto wallet using Python?

This beginner-friendly tutorial will walk you through how to build a simple ERC-20 token-compatible crypto wallet that runs on the Ethereum network – with the functionalities of generating and storing keys, displaying wallet balance, market charts, and finally, sending and receiving transactions.