Tue, February 4

Celsius Stablecoin Sale Proposal Withheld by Securities Regulators

The Celsius stablecoin sale plan is oppose by Texas and Vermont regulators. A hearing on the issue is schedule for October 6. The Texas State Securities Board and the Vermont Department of Financial Regulation filed objections to Celsius’s intention to dispose of its stablecoin assets to bolster its finances in

September 30, 2022 1 min read

KaJ Labs To Burn 2.5 Trillion Terra Classic (LUNC)

KaJ Labs, the key creator of the Lithosphere blockchain, has pledged $50-$100M. In all, 6.6 billion LUNC tokens have been destroyed so far. The price of Terra Classic (LUNC) has increased from its 24-hour low of $0.00025 to its new high of $0.00029. That is a gain of over 10%.

September 29, 2022 1 min read

Circle Partners With TBD For Wider USDC Adoption

TBD will enable USDC stablecoin cross-border payments and self-custody. The firm will support the USDC stablecoin for a number of use cases. Jack Dorsey’s payment company Block’s subsidiary TBD has teamed with Circle. In order to develop open standards and open-source technology. This will facilitate the widespread use of digital

September 29, 2022 2 mins read

USDC Issuer Circle Announces Support For 5 New Blockchains

USDC support rises from eight to thirteen blockchains due to this new initiative. It was announced at Converge22 conference in San Francisco by Circle CEO. Due to the delisting of USDC from Binance and WazirX, Circle is looking to increase its presence on other blockchains to preserve its position in

September 29, 2022 2 mins read

Chainlink and SWIFT Collaborate on a Cross-Chain Protocol

Chainlink and SWIFT partnered on a cross-chain interoperability protocol. This project helps to close the barrier between traditional and digital assets. Chainlink (LINK), the price feed provider, has teamed with SWIFT, a global financial messaging, on a cross-chain interoperability protocol (CCIP). This Chainlink’s proof-of-concept (POC) project would offer traditional finance

September 29, 2022 1 min read

Cardano (ADA) Price Plummets Despite Recent Vasil Hard Fork

After the activation of Plutus V2, the price of ADA fell to almost a year low of $0.42. Hoskinson announced the success of the Cardano wallet Daedalus Turbo proposal. Despite the Vasil hard fork, the ADA price has been unable to recover from its near-year-low following the upgrade. Cardano creator

September 28, 2022 1 min read

Polygon Co-founder Revealed a Snippet of zkEVM

The skeptical crowd will sweep in to Web3 through Polygon’s zkEVM inaugural. Explicit and mathematical assurance of the zk provides security of transactions. Mihalio Bjelic, co-founder of Polygon discussed a few developments in the polygon zkEVM and the effect on the network post Ethereum-merge. The conversation was carried out during

September 28, 2022 2 mins read

ECB President Christine Lagarde Backs CBDC Over Crypto

She discussed the crypto ecosystem, stressing the need of backing CBDCs. Central bankers are missing a chance if they do not accept CBDCs. Central bankers are becoming jittery as the use cases for cryptocurrencies and other blockchain-based currencies expand. Digital assets are very volatile and risky, yet traditional institutional investors

September 27, 2022 1 min read

Tether’s Ex-Auditor Charged by SEC For Violation of Laws

SEC charged $1 million against Tether’s former auditor. Tether requested to submit the required documents on USDT backing. According to an order released on Monday, the popular stablecoin issuer Tether’s ex-auditor has been fined $1 million by the US Securities and Exchange Commission (SEC). In 2017, Friedman LLP, a New

September 27, 2022 1 min read

Almost $1 Million Stolen in Ethereum ‘Vanity Address’ Exploit

The hack used the same flaw as the previous $160 million heist. With a vanity address, one may choose their own unique string of letters and numbers. An Ethereum “vanity address” valued around $950,000 was compromised; this address was created using a program called Profanity. The hack used the same

September 27, 2022 2 mins read