Terra’s Luna 2.0 Sees Weak Start After Botched Crypto Relaunch
Terra's new Luna token re-launch saw a weak start and failed to impress investors who got the new tokens after last month’s collapse of the cryptos tied to the failed ...
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Tag: Stablecoin
UST Stablecoin Plunges To $0.30 Overnight As Terra’s Market Struggles Continue
Although Bitcoin seems to have stabilized near $31,000 per coin, Terra’s stablecoin continues crashing. At the time of publication, it is struggling to remain above $0.50. UST is the native ...
Celo Issued Real-Denominated Stablecoin In Brazil
Celo is a leading carbon-negative Layer-1 protocol that has a rich ecosystem of Web3 applications. On January 27, the company confirmed the activation of an algorithmic, Brazilian Real-denominated stablecoin Celo ...
Meta May Sell Off Diem Asset As Zuckerberg’s Crypto Ambitions Implode
Facebook is allegedly determining whether it needs to sell its Diem assets as regulatory pressure increases against Mark Zuckerberg's crypto project. While citing anonymous sources, Bloomberg reported that The Diem ...
US Regulators To Offer Crypto Oversight Clarity
The American banking regulators have recently put together a roadmap that will see them offer clarity over the coming year on several areas related to the cryptocurrency industry. With the ...
Aave DeFi Protocol Faces Huge Capital Flight
The annual percentage yields (APY) on crypto borrowing and lending platform Aave have exploded to record levels after capital withdrawals pushed the decentralized finance (DeFi) protocol into a liquidity crunch. ...
Cardano’s Ardana Stablecoin Protocol Raises $10M In Funding Round
Ardana, a stablecoin ecosystem that is powered by the Cardano blockchain, got $10 million in seed capital from several investors led by Ascensive Assets and Three Arrows Capital. The private ...
CFTC Hands Tether And Bitfinex A Cumulative $42.5M Fine
On October 15, 2021, the Commodity Futures Trading Commission (CFTC) handed sister cryptocurrency firms Bitfinex and Tether fines totaling $1.5 million and $41 million respectively. The fines were handed citing ...
Magic Internet Money Exceeds $1B, Aims At MakerDAO
The bulls appear to be taking over the entire crypto market which, in turn, is attracting more investors to the nascent space. In that context, Abracadabra Money’s stablecoin Magic Internet ...
MoneyGram Unveils USDC Settlement Via Stellar Blockchain
Financial services company MoneyGram International confirmed that it has partnered with the Stellar Development Foundation to let consumers send money using Circle’s popular stablecoin USDC, and change directly and readily ...