Articles for category: Crypto

September 20, 2025

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Kevin Durant Regains Access to Long-Lost Bitcoin Purchased for $650, Surges 17,700%

Kevin Durant, the renowned NBA forward, has successfully regained access to his long-forgotten Bitcoin account on Coinbase, after being locked out for nearly ten years. The recovery marks a significant milestone, especially considering that the value of Bitcoin has skyrocketed by over 17,700% since Durant’s initial investment in 2016. Brian Armstrong, the CEO of Coinbase, announced on X (formerly Twitter) that the account recovery process had been successfully completed. His confirmation came in response to a popular tweet highlighting the frustrations surrounding Durant’s difficulties accessing his account. This recent development follows a conversation that Durant and his business partner, Rich

September 20, 2025

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Circle Launches USDC on HyperEVM, Gaining Edge Over USDH

In a strategic move to establish dominance within the emerging Hyperliquid ecosystem, Circle, the issuer behind the second-largest stablecoin USDC, has officially launched its native USDC on the innovative HyperEVM Layer 1 blockchain. This announcement, made on September 16, comes on the heels of a notable governance vote regarding the newly proposed USDH stablecoin, positioning Circle to strengthen its foothold in the decentralized finance (DeFi) landscape. Circle’s foray into the HyperEVM follows a $4.6 million acquisition of HYPE tokens by a wallet associated with Circle, which took place shortly after the governance vote for USDH. The vote saw the Native

September 20, 2025

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Bridging the Gap: Why Web3 Must Embrace Web2 Collaboration

As the race for Web3 adoption heats up, there is a growing voice among enthusiasts and organizations advocating for a complete departure from Web2 frameworks. The prevailing sentiment among this group is that to realize the full potential of Web3, all existing Web2 structures must be dismantled. However, this perspective may overlook the practical realities and the benefits of integrating the two ecosystems. The complexity of Web3 remains a significant barrier to mainstream adoption. Many users find its concepts daunting, leading to hesitance in moving away from familiar Web2 applications. Furthermore, research from Oxford University highlights a striking contradiction known

September 20, 2025

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Kevin Durant Unlocks Bitcoin Fortune After Nearly 10 Years of Inaccessibility

NBA superstar Kevin Durant has regained access to his long-locked Bitcoin account after nearly a decade. The reinstatement occurs as the cryptocurrency market has seen a monumental surge, with Bitcoin’s value skyrocketing by over 17,700% since Durant’s initial purchase. Coinbase CEO Brian Armstrong took to social media platform X to announce the successful recovery of Durant’s account, responding to a growing conversation about the difficulties the athlete faced. Armstrong’s post read, “We got this fixed. Account recovery complete,” drawing considerable attention from fans and investors alike. The issue of account access was highlighted recently when Durant and his business partner

September 20, 2025

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Embracing Web2: A Crucial Step for Web3 Adoption

The evolution of the internet is unfolding with Web3, but experts assert that its successful adoption hinges on collaboration with existing Web2 infrastructures. Richard Johnson, Chief Operating Officer of Data Guardians Network, highlights the importance of integrating elements from Web2 rather than discarding them entirely in order to bridge the gap between these two technological paradigms. Many advocates of Web3 fervently push for a complete break from Web2 practices, believing that such a shift is essential for the growth of decentralized systems. However, this perspective overlooks practical realities. Full-scale replacement of established systems can be neither feasible nor beneficial in

September 20, 2025

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Coinbase Sets Ambitious Goal to Transform Banking with New Super App

In a bold move towards revolutionizing the financial landscape, Coinbase CEO Brian Armstrong has outlined his vision to evolve the cryptocurrency exchange into a comprehensive “super app” aimed at replacing conventional banking systems. In a recent interview on Fox Business, Armstrong revealed that the company is dedicated to providing an all-encompassing suite of financial services leveraging cryptocurrency technology. Armstrong expressed his commitment, stating, “Yes, we do want to become a super app and provide all types of financial services. We want to become people’s primary financial account and I think that crypto has a right to do that.” This ambitious

September 20, 2025

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BitGo Pursues US IPO with $90 Billion in Digital Asset Custody

BitGo, a prominent player in the crypto custody sector, has officially submitted its application for a US initial public offering (IPO). The firm seeks to leverage the growing institutional interest in digital asset infrastructure amid a shifting regulatory landscape under the Trump administration. According to its Form S-1 registration filed with the Securities and Exchange Commission (SEC), BitGo plans to list its Class A common stock on the New York Stock Exchange, operating under the ticker symbol “BTGO.” As of June 30, 2025, the Palo Alto-based company reported an impressive $90.3 billion in assets under management. The firm’s clientele includes

September 20, 2025

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Economists Predict Crypto Price Surge Amid Expected Fed Rate Cuts

The cryptocurrency market may be on the brink of significant gains as experts suggest that investors are not fully considering the U.S. Federal Reserve’s potential shift in monetary policy. Economist Timothy Peterson recently voiced his assessment, stating that the likelihood of rapid interest rate cuts could take market participants by surprise. In an interview with Cointelegraph, Peterson explained, “Markets are underpricing the likelihood of rapid rate cuts in the coming months on the part of the Federal Reserve.” He noted that the current expectations for a gradual reduction of interest rates are unprecedented, highlighting that previous cycles have never depicted

September 20, 2025

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Economist Predicts Crypto Market Surge Due to Federal Reserve Policy Changes

Cryptocurrency investors might be underestimating the potential shifts in monetary policy by the US Federal Reserve, according to insights from economist Timothy Peterson. Speaking to Cointelegraph, Peterson highlighted that the market is currently not pricing in the likelihood of faster-than-expected rate cuts in the upcoming months. “Markets are underpricing the likelihood of rapid rate cuts in the coming months on the part of the Federal Reserve,” Peterson stated. He noted that the current expectations do not align with historical patterns, as “there has never been a gradual reduction in rates like that currently envisioned by the Fed.” He anticipates a

September 19, 2025

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Stellar’s Meridian Conference Spotlights DeFi, RWAs, and Stablecoins in Emerging Markets

The Stellar Meridian conference took place in Rio de Janeiro on September 17-18, 2023, showcasing the project’s commitment to advancing decentralized finance (DeFi) and the integration of real-world assets (RWA) within its platform. As one of the early adopters of blockchain technology, Stellar has continually focused on expanding its functionalities, and this year’s conference was no exception. The event followed the recent release of Stellar’s Protocol 23 upgrade, nicknamed “whisk,” which enhances the blockchain’s efficiency and cost-effectiveness. This upgrade builds on the successful Soroban upgrade, which introduced smart contracts to the Stellar ecosystem, enabling a wider range of decentralized applications.