Sun, April 27

Japan Passed Bill for Stablecoins to Protect Investors

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

June 3, 2022 1 min read

TRON Defies Bearish Market Phase to Outperform Almost Entire Crypto Market

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

June 3, 2022 4 mins read

Co-Founder of USDT And ETH Do Not Believe In Algorithmic Stablecoins

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

June 2, 2022 2 mins read

China Might Strictly Regulate Crypto Space Terra Aftermath

Colin Wu, a China crypto reporter, said the Chinese government could implement even stronger restrictions or even ban stablecoins. Due to the collapse of the Terra network, China’s media source, the Economic Daily, has indicated that the Chinese government may impose even tighter restrictions on cryptocurrencies. The source described how

May 31, 2022 2 mins read

Stellar Collaborates With MoneyGram to Offer USDC Transfer Platform

Terra’s demise has raised fears that other stablecoins may lose their peg. Stellar blockchain digital wallet users will be able to convert their assets into USDC. MoneyGram and the Stellar Development Foundation have teamed together to promote the use of digital currencies more broadly. Users will be able to transfer

May 31, 2022 1 min read

Tether Introduces New USDT Counterpart Pegged to Mexican Peso

The peso, which is now trading at $0.051, will serve as the base currency for MXNT. According to data by Triple-A, most crypto in Mexico is utilized for speculation and trade. A Mexican stablecoin will be introduced in addition to its counterpart USDT, the biggest stablecoin by market capitalization at

May 29, 2022 2 mins read

Morgan Stanley Insists on Uniform Fixed Regulations

Morgan Stanley puts forth their views on crypto regulations. New legislation upon cryptocurrency raises speculations. The U.S may soon come out with its own CBDC. One thing which completely confuses the entire crypto market of any nation, is the frequently changing rules and regulations being imposed on them. Indeed, such

May 25, 2022 2 mins read

Terra Co-founder Mentions Sending Token to Burn Wallet is Not a Good Idea

The whole system’s failure has wiped out the ecology and shattered its trustworthiness. A situation where no multisig is involved is strange and hazardous. Theory, loss and response are only some of the reactions to Terra’s extinction. Because of the failure, many thought that this one was doomed. Tether’s Chief

May 23, 2022 2 mins read

Brazilian Exchange Nox Bitcoin Reimburses Money To Users

Nox Bitcoin reimburses the money to UST holders who lost in the crash. Crypto users have queried whether Binance will follow suit. Nox promises to refund all UST holders at $1 rate despite the current price being low. The concerted attack in the crypto market is the significant crash of

May 21, 2022 2 mins read

Premium Watchmaker Tag Heuer Now Accepts Crypto as Mode of Payment

There is a 15-minute guarantee on exchange rates when using BitPay at TAG. Many stable currencies are accepted, such as USDP, BUSD, and GUSD. TAG Heuer, a premium timepiece maker based in Switzerland, has partnered with BitPay to accept bitcoin and other cryptocurrencies as a mode of payment online, according

May 20, 2022 1 min read