During Monday’s turmoil, the USDD stablecoin dropped slightly to $0.977 per unit. Tron DAO Reserve had to deploy money to protect the $1 parity. In light of Terra UST’s demise and the present state of the crypto market, many have turned their attention to USDD, a Tron-based algorithmic stablecoin. USDD
June 14, 2022 2 mins read
In effect, it has drafted an offer to Celsius in the form of an intent letter. Celsius said today that it stopped withdrawals, swaps, and transfers. The Celsius event rattled the crypto industry more than the market-wide weekend slump. The staking and lending platform was criticized for its inability to
June 13, 2022 1 min read
The company has already set up an office in Gurgaon in India. According to the data, the Indian crypto market grew by 641% in June 2021. Bitay, a well-known Turkish cryptocurrency exchange, plans to enter the Indian market. Bitay also welcomes India’s crypto tax restrictions. The exchange aims to target
June 12, 2022 2 mins read
The underlying issue of Bitcoin is that it is not private, according to Snowden. He cautioned about the consequences of the financialization of the crypto business. Despite his worries, the American whistleblower believes that cryptocurrencies have great potential. Edward Snowden feels some key obstacles must be overcome in the next
June 12, 2022 2 mins read
Until July 2022, one may create and utilize their own NFTs at no cost. TNC Group, a partner of StreamCoin, has already produced its Lady Apes NFT collection. StreamCoin, a Web3 live streaming company, has opened its user registration page after the successful launch of the STRMNFT marketplace. Until July
June 11, 2022 2 mins read
Bitcoin (BTC) will play a crucial part in the development of the internet, according to TBD, a subsidiary of Block, which has unveiled ambitions to establish a new decentralized web-based on the most extensive blockchain network. Since his resignation as CEO of Twitter in November 2021, Jack Dorsey has been
June 11, 2022 2 mins read
Felix Capital, unlike hedge funds, is not aiming for short-term profits. They’ll spend heavily in Europe, but only “selectively” in North America. After obtaining $600 million in new funding, Felix Capital, a major British venture capital company, is expanding into new markets. The new round of funding secured by Felix
June 9, 2022 2 mins read
One of Singapore’s fastest-growing Decentralized Finance (DeFi) platforms has secured a crypto license from the Lithuanian Registrar of Legal Entities. It allows the platform to provide and operate crypto custodial wallets in Lithuania and exchange cryptocurrency. When the EU Markets in Crypto-assets Regulations (MiCA) comes into force, Cake’s cryptocurrency registration
June 9, 2022 2 mins read
Custodia was one of the first Special Purpose Depository Institutions (SPDIs). Custodia applied for a Federal Reserve master account in October 2020. Federal Reserve Board of Governors and Federal Reserve Bank of Kansas City are being sued by Wyoming-based digital asset bank Custodia for “unlawful delay” in processing its master
June 8, 2022 2 mins read
Developers have shut down the Osmosis blockchain to avoid additional harm. This flaw was regularly exploited, as shown by on-chain transactions. Decentralized trading platform Osmosis, created on CosmosSDK, was hacked, emptying its liquidity pools of $5 million. Developers have shut down the Osmosis blockchain to avoid additional harm. According to
June 8, 2022 1 min read
