It started with a $1 million pilot transaction, and the rest will follow shortly. MakerDAO’s native stablecoin, DAI, will be converted to US dollars. In a Thursday announcement, MakerDAO, the biggest DeFi lending protocol in the world, said it will invest $500 million in US Treasury bonds and investment-grade corporate
October 7, 2022 2 mins read
Many see the takeover as potentially influencing the results of future elections. The Twitter stock soared almost 20%, reaching a new high of $52.06. Concerns were raised among investors when Tesla CEO Elon Musk gave his approval. To go through with the $44 billion takeover of Twitter at $54.20 per
October 6, 2022 2 mins read
The leading and fastest-growing Singaporean fintech startup giving simple access to Decentralized Finance (DeFi), Cake DeFi, has released its newest feature, Ethereum (ETH) Staking, with the additional access to liquidity through a tradable token which can be traded on the open market. Staking may be unlocked in advance of the
October 6, 2022 2 mins read
Only 7 of the 705 MEPs were opposed to the resolution while 47 were missing. Small investors and transactions are also taken into account by the resolution. The European Parliament has approved a plan to use blockchain technology to provide a more robust approach to minimizing instances of tax evasion,
October 5, 2022 1 min read
Celsius froze client withdrawals and later filed for Chapter 11 bankruptcy protections. Mashinsky handed up his resignation a week ago today. On Tuesday, S. Daniel Leon, co-founder of Celsius Network and Chief Strategy Officer, announced his resignation. After previous CEO Alex Mashinsky, he is the most recent executive to leave
October 5, 2022 2 mins read
The average block time for Ethereum has decreased by more than 13%. Ethereum blockchain transitioned away from the power-intensive proof-of-work. It has been discovered that the Ethereum Merge update, which aimed to shift the blockchain to a proof-of-stake (PoS) consensus mechanism, has improved the rate at which new Ethereum blocks
October 3, 2022 1 min read
Quintenz is now an adviser partner at Andreessen Horowitz. Upon leaving the CFTC, he supervised the listing of BTC futures contracts in the U.S. Former CFTC Commissioner Brian Quintenz has acknowledged that the cryptocurrency sector has valid complaints about the Securities and Exchange Commission (SEC). But he does not attribute
October 3, 2022 1 min read
Peckshield provided a flowchart to illustrate the movement of the stolen assets. Transit Swap thanks its customers for their patience and faith. About $21 million was stolen from the multi-chain decentralized exchange (DEX) aggregator Transit Swap after a hacker took advantage of a flaw in a swap contract. The company
October 2, 2022 1 min read
Powell indicated this week that it would be at least two years for CBDC. The Senator spoke in favor of hard currency. Many governments across the globe are turning towards CBDC, otherwise known as Digital currency. On Thursday, a Republican senator from Oklahoma, James Lankford, announced that he introduced legislation
October 2, 2022 1 min read
U.S. Trustee William K. Harrington filed paperwork with the court. Harrington criticized Celsius’s timing for releasing the money. Resuming withdrawals is a top priority for Celsius, but the company may have to wait since the U.S. Trustee Program (which regulates the management of bankruptcy proceedings) has concerns. Celsius sought approval
October 1, 2022 2 mins read
