Fraudsters also target customers by pretending to be a company or government. According to FTC data, many criminal organizations prefer to pay using cryptocurrencies. Federal Trade Commission data shows that over 46,000 consumers have been scammed out of over $1 billion in cryptocurrency since the start of 2021. There has
Geneva, Switzerland, 5th June, 2022, Chainwire TRON-based USDD has joined the league of global crypto titans, surpassing several significant milestones in less than one month since its May 5 launch. The blockchain industry’s most distinctive trait is constantly evolving and transforming traditional sectors rapidly, bringing revolutionary technologies to the
The bill does not address existing asset-backed stablecoins. Mitsubishi UFJ intends to launch its own stablecoin called Progmat Coin. On Friday Japan’s government implemented a legal framework for stablecoins that offering a safeguard for investors, following last month’s TerraUSD crackdown which led to multibillion-dollar losses. The collapse of algo-stablecoin TerraUSD
Dubai is progressing on its journey to transform into a global crypto hub. As of now, the firm will accept only Bitcoin and Ethereum. Binghatti, one of the leading real-estate developers in Dubai, announced in a press release through Khaleej Times on Thursday that it would accept cryptocurrencies as a
In November of last year, the global cryptocurrency market was valued at $3 trillion; now, it is valued at $1.2 trillion. Cryptocurrency prices have traded in red for a long time, with most digital currencies losing double digits for a prolonged time. TRON is one of the few cryptocurrencies that
TerraUSD’s failure has shattered the hopes of algorithmic stablecoins. Co-founder of Tether and Ethereum says the structure of UST is defective. The issuer of USDC states that the UST structure is a very high-risk foundation for a stablecoin. The recent market crash of the crypto industry has devastated the hopes
Geneva, Switzerland, 2nd June, 2022, Chainwire TRON celebrated a record month of May, achieving multiple massive milestones in a few short weeks. Including USDD, the collateralized decentralized stablecoin on TRON, making it onto CoinMarketCap’s top 100 only 16 days after its May 5 launch. As of Wednesday, June 1, USDD
JustLend’s TVL jumped from $1.79 billion to $2.86 billion. USDD is controlled by smart contract algorithms, unlike Tether’s USDT. DeFi’s third-largest blockchain is Tron, a Justin Sun-led blockchain that debuted in 2018. (TVL). In the last month, the total value locked (TVL) in Tron’s nine applications has increased by 44
The greatest downfall of the Terra ecosystem cast a ruinous effect on the crypto world. The crypto market was already crashing down due to soaring macro-inflation and the hyper-volatility of the fiat-based TradeFi. Terra (LUNA) and the network’s algo-stablecoin TerraUSD (UST) became the sufferers of a disastrous free-fall to their
Transparency in the functioning of crypto is the key factor to focus on at present. Garlinghouse believes crypto technology can solve the current global financial troubles. Ripple CEO, Brad Garlinghouse made an appearance in the show, Morning with Maria on the Fox Business Network channel from Davos, Switzerland. During the
