DeepBrain Chain(DBC)

Circle CEO Jeremy Allaire has announced that its USDC stablecoin will launch natively on the Base Network next week. A New Home For USDC Circle CEO Jeremy Allaire has revealed that the USDC stablecoin will soon find its native home on the Base Network, with the launch scheduled for next week. Allaire's announcement via X (formerly known as Twitter) has set the stage for a significant shift in the crypto landscape, stirring up discussions about the implications of this strategic move. The Circle team also confirmed the news via a blog post and revealed that the USDC issued by Circle will be considered the official version of the stablecoin on the Base platform. Although the exact launch date has not yet been announced, the contract for the new token has already been deployed to Base. Making Do With USDbC The Base Network did not have a native version of the USD Coin when it was launched on August 9 by Coinbase. This prevented users from depositing cash into a Circle account and receiving equivalent USDC on Base. The USDbC token was introduced as a temporary solution to address this concern, where users could bridge USD Coins from Ethereum via an official bridge app. Thanks to the launch of the native USDC on the Base platform, users will no longer have to resort to bridging their tokens from Ethereum. Streamlining Liquidity Users and developers on the Base Network will highly benefit from this development, especially due to the expanded liquidity. A key aspect of this integration is the potential to phase out bridged USDbC liquidity, which currently flows from Ethereum. As the native USDC becomes more popular in the ecosystem, the network will be able to function more autonomously, where transactions and value transfers occur natively, eliminating the reliance on external bridges. This transition will introduce enhanced scalability, security, efficiency, and an overall streamlined process. The network will collaborate with ecosystem apps to ensure the transition from bridged to native USDC liquidity goes through without a hitch. Empowering Developers and Institutional Investors Beyond its impact on liquidity, the integration of native USDC will allow developers to harness stablecoin functionality for their decentralized apps (dApps). Additionally, institutional investors will also be able to facilitate the smooth fusion of fiat currency with crypto. Incidentally, concerns of disruption can be put to bed as the Coinbase team has revealed that the Base Bridge will remain unaffected by the integration and will continue functioning as normal. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Circle announced that a Base version of its USDC stablecoin would be available soon, eventually eliminating the need for the USDbC bridged version.

Road Town, BVI., August 17th, 2023, Chainwire As the cryptocurrency market has witnessed a decline for over a year, many investors have chosen to liquidate their assets or move to alternative markets. However, 2023 has painted a different picture, positioning cryptocurrency as one of the best-performing investments. According to CoinMarketCap, the total crypto market capitalization rebounded from a low of $780.9 billion to a staggering $1.2198 trillion. Amid this resurgence, LBank, after a few years of dormancy, has announced the reboot of its IEO. Official participation link:https://www.lbank.com/launchpad-list/pins/ With LBank’s IEO making a comeback, let’s dive deep into its historical performance to gauge its potential. Historical Gains of LBank IEO – 8 IEOs with an Average Surge of 1274% Here’s a breakdown of LBank’s past eight IEOs and their respective gains: Key Insights from the Data: Extreme Performers: VEN stands out remarkably with an opening surge of 100% and a jaw-dropping peak surge of 5300%. DBC, with its 300% opening and 2096% peak, also highlights the potential of high return for investors when the right project is picked. Steady Climbers: Projects like BLOC, SEER, and INK might not have the most impressive opening surges, but their peak surges underline the importance of holding onto investments and the potential for long-term gains. Consistent Performers: Both CMT and DDD had modest opening surges but still managed to deliver reasonable peak surges. These indicate that even projects that start with a quieter entry can offer profitable opportunities. Risky Endeavors: While the data predominantly showcases successes, it’s also essential to note projects like INK and DDD. Their minimal to zero opening surges serve as a reminder of the risks inherent in IEO investments. This data also showcases a strong correlation between the initial surge and peak surge. In simpler terms, projects with an impressive opening usually fare well in the long run. From the data, it’s evident that investing in LBank’s IEOs can provide returns in the short term. Holding onto these investments for an extended period might amplify the gains further, as exemplified by the metaverse project SAND. LBank’s Current Market Stance: While LBank carries a notable legacy, it is essential to consider contemporary metrics when assessing its present standing. According to the H1 report from CoinMarketCap, LBank is featured among the top five global exchanges, an indication of its continued relevance and adaptability in the fast-evolving crypto landscape. Holding a 4.6% market share in spot trading volume, it’s intriguing to observe their strategic emphasis on MEME coins. This focus, often seen as a blend of calculated risk and innovative market positioning, distinguishes LBank from many of its counterparts. To conclude, based on the available data and recent market performances, one can argue that LBank remains a significant player in the exchange arena. As they reboot their IEO, it might be a space to watch for investors keen on exploring fresh avenues. About LBank LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrency. Start Trading Now: lbank.com Community & Social Media: l Telegram l Twitter l Facebook l LinkedIn l Instagram l YouTube Contact LBK Blockchain Co. [email protected]

Road Town, BVI., August 17th, 2023, ChainwireAs the cryptocurrency market has witnessed a decline for over a year, many investors have chosen to liquidate their assets or move to alternative markets. However, 2023 has painted a different picture, positioning cryptocurrency as one of the best-performing investments. According to CoinMarketCap, the total crypto market capitalization rebounded from a low of $780.9 billion to a staggering $1.2198 trillion. Amid this resurgence, LBank, after a few years of dormancy, has announced the reboot of its IEO. Official participation link:https://www.lbank.com/launchpad-list/pins/With LBank’s IEO making a comeback, let’s dive deep into its historical performance to gauge its potential.Historical Gains of LBank IEO – 8 IEOs with an Average Surge of 1274%Here’s a breakdown of LBank’s past eight IEOs and their respective gains:Key Insights from the Data:Extreme Performers: VEN stands out remarkably with an opening surge of 100% and a jaw-dropping peak surge of 5300%. DBC, with its 300% opening and 2096% peak, also highlights the potential of high return for investors when the right project is picked.Steady Climbers: Projects like BLOC, SEER, and INK might not have the most impressive opening surges, but their peak surges underline the importance of holding onto investments and the potential for long-term gains.Consistent Performers: Both CMT and DDD had modest opening surges but still managed to deliver reasonable peak surges. These indicate that even projects that start with a quieter entry can offer profitable opportunities.Risky Endeavors: While the data predominantly showcases successes, it’s also essential to note projects like INK and DDD. Their minimal to zero opening surges serve as a reminder of the risks inherent in IEO investments.This data also showcases a strong correlation between the initial surge and peak surge. In simpler terms, projects with an impressive opening usually fare well in the long run. From the data, it’s evident that investing in LBank’s IEOs can provide returns in the short term. Holding onto these investments for an extended period might amplify the gains further, as exemplified by the metaverse project SAND.LBank’s Current Market Stance:While LBank carries a notable legacy, it is essential to consider contemporary metrics when assessing its present standing. According to the H1 report from CoinMarketCap, LBank is featured among the top five global exchanges, an indication of its continued relevance and adaptability in the fast-evolving crypto landscape. Holding a 4.6% market share in spot trading volume, it’s intriguing to observe their strategic emphasis on MEME coins. This focus, often seen as a blend of calculated risk and innovative market positioning, distinguishes LBank from many of its counterparts.To conclude, based on the available data and recent market performances, one can argue that LBank remains a significant player in the exchange arena. As they reboot their IEO, it might be a space to watch for investors keen on exploring fresh avenues.About LBank LabsLBank Labs, a prominent player in the web3 space, manages a versatile $100 Million fund that extends beyond specific protocols and exchanges. With a team of experienced web3 veterans from prestigious entities, they have built an extensive network of expertise and connections. Their investment strategy includes fund-of-fund investments, direct investments in early-stage projects, and liquid projects, enabling them to explore diverse opportunities. Lbank Labs actively promotes their investment thesis, “The Other Angle,” through engaging discussions and focuses on the PSE principles to foster sustainable growth and innovation in the web3 landscape. With a Fund of Fund network comprising 12 funds and over $1 billion in AUM, and offices in seven global regions, Lbank Labs is well-positioned to expand their network and drive innovation in the web3 ecosystem, together with their partners and collaborators.ContactLBK Blockchain Co. [email protected]

Bank of America reacts to the launch of PayPal’s U.S. dollar-pegged stablecoin PYUSD and argues that the asset is not likely to be used widely, at least not in the short term. PayPal’s recent groundbreaking announcement about the launch of its U.S. dollar-denominated stablecoin PYUSD has provoked its share of criticism around the world. While it does seem a significant step towards crypto adoption, some say that PayPal won’t see much success any time soon. One of the U.S. largest banks, Bank of America, described the main reasons why PayPal USD is not likely to witness immediate adoption in its recent research report. Competing Against CDBCs First of all, Bank of America’s analysts Alkesh Shah and Andrew Moss explained that the PayPal’s stablecoin might face intense competition on the market: “Over the longer term, we expect PYUSD to experience additional adoption headwinds as competition from central bank digital currencies (CBDCs) and yield-bearing stablecoins increases.” It is true that numerous countries are actively exploring central bank digital currencies (CBDCs) that could potentially compete with stablecoins as both are based on similar technologies and pegged to fiat currencies. Only this year, countries such as Brazil, South Korea, Russia, Japan, the UK, among others have reported new developments on the rollout of their CBDCs. There are speculations that the U.S. might also be working on its CBDC, even though some of the country’s presidential candidates have claimed to be against it. Competing Against Other Stablecoins Besides, there are many other stablecoins PYUSD will have to compete with. Yield-bearing stablecoins are now especially attractive to investors, according to Bank of America: “Investors may have been fine holding non-yield bearing stablecoins, such as USDT and USDC, when rates were close to zero, but yield-bearing stablecoins will likely become increasingly available and attractive with short-term rates above 5%.” Dealing with Regulatory Scrutiny Finally, the analysts also suggested that PayPal could face regulatory troubles if traditional banks are banned from issuing stablecoins: “Investors are likely indifferent to which stablecoins they hold as long as the stablecoins are perceived as safe and accessible on the largest trading platforms. We do not expect PYUSD’s launch to lead to accelerated regulatory clarity, given the stablecoin’s issuance does not alter systemic risk for traditional markets, but the stablecoin may face regulatory headwinds if non-banks are ultimately barred from stablecoin issuance.” Only a day after PayPal had unveiled its stablecoin project, the U.S. Federal Reserve published new guidelines regarding the use of “dollar tokens” by American banks. According to the statement, in order to engage in any sort of activity linked to stablecoins, the U.S. banks will now have to receive a written supervisory non-objection from the Fed. Meanwhile, crypto scammers didn’t wait long to try and profit from the big news and flooded decentralized exchanges with fake PayPal tokens. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Bank of America reacts to the launch of PayPal’s U.S. dollar-pegged stablecoin PYUSD and argues that the asset is not likely to be used widely, at least not in the short term. PayPal’s recent groundbreaking announcement about the launch of its U.S. dollar-denominated stablecoin PYUSD has provoked its share of criticism around the world. While it does seem a significant step towards crypto adoption, some say that PayPal won’t see much success any time soon. One of the U.S. largest banks, Bank of America, described the main reasons why PayPal USD is not likely to witness immediate adoption in its recent research report. Competing Against CDBCs First of all, Bank of America’s analysts Alkesh Shah and Andrew Moss explained that the PayPal’s stablecoin might face intense competition on the market: “Over the longer term, we expect PYUSD to experience additional adoption headwinds as competition from central bank digital currencies (CBDCs) and yield-bearing stablecoins increases.” It is true that numerous countries are actively exploring central bank digital currencies (CBDCs) that could potentially compete with stablecoins as both are based on similar technologies and pegged to fiat currencies. Only this year, countries such as Brazil, South Korea, Russia, Japan, the UK, among others have reported new developments on the rollout of their CBDCs. There are speculations that the U.S. might also be working on its CBDC, even though some of the country’s presidential candidates have claimed to be against it. Competing Against Other Stablecoins Besides, there are many other stablecoins PYUSD will have to compete with. Yield-bearing stablecoins are now especially attractive to investors, according to Bank of America: “Investors may have been fine holding non-yield bearing stablecoins, such as USDT and USDC, when rates were close to zero, but yield-bearing stablecoins will likely become increasingly available and attractive with short-term rates above 5%.” Dealing with Regulatory Scrutiny Finally, the analysts also suggested that PayPal could face regulatory troubles if traditional banks are banned from issuing stablecoins: “Investors are likely indifferent to which stablecoins they hold as long as the stablecoins are perceived as safe and accessible on the largest trading platforms. We do not expect PYUSD’s launch to lead to accelerated regulatory clarity, given the stablecoin’s issuance does not alter systemic risk for traditional markets, but the stablecoin may face regulatory headwinds if non-banks are ultimately barred from stablecoin issuance.” Only a day after PayPal had unveiled its stablecoin project, the U.S. Federal Reserve published new guidelines regarding the use of “dollar tokens” by American banks. According to the statement, in order to engage in any sort of activity linked to stablecoins, the U.S. banks will now have to receive a written supervisory non-objection from the Fed. Meanwhile, crypto scammers didn’t wait long to try and profit from the big news and flooded decentralized exchanges with fake PayPal tokens. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Road Town, BVI, August 1st, 2023, ChainwireDigital asset exchange LBank continues to focus on providing its users with quality projects to access. For the week starting July 31, LBank has announced its intention to list a total of seven new tokens. These encompass a diverse range of projects.The first token on LBank’s schedule, DBC, was listed on July 31. All DBC-powered platforms are interconnected like a universe, enabling users to learn, play and shop. DBC will be used for membership points and as a means of exchange within the DBear universe. DBC is headed by Man-won Chung, former CEO of SK Telecom which has a market capitalization of $8 billion.The second token, PEPEBURN, also listed on July 31, is a low supply memecoin with less than 1 million tokens created. August 1 then sees the launch of PSUB, an abbreviation of Payment Swap Utility Board and a Klaytn-based blockchain. PSUB forms a circular ecosystem structure between a payments NFT marketplace and online commerce with its own wallet as a hub. In the future, PSUB will form partnerships with various affiliates to expand its platform ecosystem not only domestically but also abroad to solidify its own infrastructure.August 1 also sees the launch of OZON on LBank. This asset takes the role of utility token on a fifth-generation blockchain network. The OZONE blockchain is mainly concerned with digital finance, metaverse, travel, and ecommerce. On the same day, LBS lists on LBank. The token powers a luxury brand distribution, management and payment system using blockchain technology.On August 3, SMETA is to be listed on LBank. Starkmeta is a Singapore-based startup that’s successfully integrated generative AI (ChatGPT) with Unreal Engine 5 and Web3 metaverse games for the first time. It enables users to enjoy social networking with friends and select the products they want with the help of an AI assistant.The following day, DMC lists on LBank. Datamall Chain is an open source blockchain that aims to promote the construction of next generation internet infrastructure. Products will include decentralized storage mining, DeFi, NFTs, cross-chain bridge and cloud storage.For the week running from July 24-30, LBank listed a total of 12 tokens covering NFTs, memecoins, public chains, and GambleFi. Of these, the best performer was Worldcoin (WLD), which rose over 350% since listing.About LBankLBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users' funds and aims to contribute to the global adoption of cryptocurrencies.Start Trading Now: lbank.comCommunity & Social Media: Telegram l Twitter l Facebook l LinkedIn l Instagram l YouTubeContactLBK Blockchain Co. [email protected] Blockchain Co. [email protected]

Road Town, BVI, July 29th, 2023, ChainwireLBank Exchange, a global digital asset trading platform, will list DBear Coin (DBC) on July 31, 2023. For all users of LBank Exchange, the DBC/USDT trading pair will be officially available for trading at 6:00 UTC on July 31, 2023.DBear Coin (DBC) is a lifestyle Blockchain-Commerce for the MZ generation, characterized by Web3.0, Metaverse, and customized NFT. All DBC platforms are interconnected like a universe, enabling users to learn, play, and shop. Its native token, DBC, will be listed on LBank Exchange at 6:00 UTC on July 31, 2023, with the goal of expanding its global footprint and supporting the realization of its forward-thinking objectives.Introducing DBear CoinDBear Coin (DBC) is a lifestyle Blockchain-Commerce for the MZ generation, characterized by Web3.0, Metaverse, and customized NFT. All DBC platforms are interconnected like a universe, enabling users to learn, play, and shop. DBC serves as both a membership point and a medium of exchange within the D:Bear universe, facilitated through the DMNC NRT card, while also acting as a rewarding mechanism. Leading the BDC project is Man-won Chung, the former CEO of SK Telecom, a company with a market capitalization of $8 billion and the creator of the widely successful OKcashbag point system, which boasts 21 million users.The Dbear Universe project aims to provide a comprehensive "Character-Based Lifestyle Commerce'' experience for the MZ (Millennial and Gen Z) generation. By becoming a member of the Dbear Universe, individuals will receive a Dbear Member's NFT Card (DMNC), granting them access to various lifestyle platforms within the Dbear ecosystem. Holding the NFT card allows members to enjoy exclusive consumer rewards and benefits. B-Commerce (Blockchain Commerce) is at the core of the project, introducing an innovative consumer benefit NFT model. Dbear Universe stands out as the sole NFT commerce initiative in the rapidly growing global character market. Through attractive items and features, members can create their unique NFTs through the MCM (Members Creating & Minting) process, potentially increasing the value of their digital assets. Additionally, Dbear Universe offers access keys to BEARMANSION, a metaverse within the Dbear ecosystem.The project envisions utilizing innovative technologies and ideas to improve the quality of life for humanity, fostering a richer and happier family life. Its mission is to suggest common interests and hobbies for parents and children to share and empathize with, while building a user-friendly and accessible system for everyone. Additionally, it aims to reduce financial stress in households through an effective reward system and integrate blockchain into daily life, creating an encompassing ecosystem. The project emphasizes practical liquidity, freedom of choice, and rational decision-making. It strives to establish a fair hierarchy based on levels of interest and participation and ensures sustainability through proactive system management and investment in development.About DBC TokenThe main mission of D-Bear Coin (DBC) is to establish a stable B-Commerce Economy within the D-Bear Universe ecosystem. The project team aims to implement inflation-deflation prevention policies to ensure the stable function of DBC as a currency and minimize significant price fluctuations. Through platform development, marketing, and supply policies, the project aims to increase the holding value of DBC progressively, providing enhanced lifestyle opportunities for members of the D-Bear Universe.Based on ERC20, DBC has a total supply of 4 billion (i.e. 4,000,000,000). The token distribution consists of 15% for the team, 10% for marketing, 7.5% for promotion and others, 30% for Member Rewards, and 18.75% each for LMNC SWAP and Point SWAP. It will be listed on LBank Exchange at 6:00 UTC on July 31, 2023, investors who are interested in DBC can easily buy and sell it on LBank Exchange by then. The listing of DBC token on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.Learn More about DBC Token:Official Website: https://www.dbear.io/Contract: https://etherscan.io/token/0xe1C6785660eB3C1b2744BfF7504dF5F6ad6276E3About LBankLBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users' funds and aims to contribute to the global adoption of cryptocurrencies.Start Trading Now: lbank.comCommunity & Social Media:Telegram lTwitter lFacebook lLinkedIn lInstagram lYouTubePress contact:[email protected] Blockchain Co. [email protected]

Speaking at the Family Leadership Summit on July 14, DeSantis promised to ban CBDCs in the United States if he is elected president.

EU officials pay lip service on data rights, but its proposals for a CDBC don’t offer much reassurance for users, says CoinDesk’s Michael Casey.