Tron (TRX): What Q3 Performance Say about Q4 Price Trends

The latest rally in the crypto space saw Tron exploring 5-day peaks of $0.06382 as of November 5 (Coinmarketcap data). The alternative token ranked 15th by market cap. Moreover, TRX lost 1.5% over the previous day to its press time value of $0.06351. Evaluating the asset’s daily chart showed Tron buyers dominated the market on […]

Continue Reading

MakerDAO Votes to Custody Over $1.5B Worth of USDC with Coinbase

Coinbase will offer custody of MakerDAO’s USDC treasury worth about $1.59 billion. The deal allows the DAO to earn nearly 1.4% rewards on the funds. Coinbase submitted the proposal on 6th September and got approved by 70% of votes on Monday 25th October. USDC represents one-third of the treasury and allows users to deposit collateral […]

Continue Reading

Rivalry Unfolds Between Ethereum Merge Hard Forks’ Proof-of-Work Projects

The Ethereum transition to ETHPoS saw the blockchain do away with miners. However, the future of the miners that chose to maintain Proof-of-Work has several uncertainties. Led by Chinese miner Chandler Guo, they created a post-merge ETHPOW and ETHW. The hard fork had a rocky start, but it’s now running. At the time of writing, […]

Continue Reading

Maker Increases Staked Ethereum Limit to Minimize USDC Dependence

Maker, the issuer of DAI stablecoin, has nearly doubled the limit on its staked Ethereum vault. The DeFi protocol is planning to stop its dependence on centralized stablecoin like USDC. The recent Tornado Cash scandal has fueled the plan. Staked Ethereum represents one unit of ETH that has been locked up or deposited in expectation […]

Continue Reading

Tether Leads USDC with $16B Market Cap Gap as Binance Minimizes Stablecoin Competition

In June 2022, the market cap gap between USDC and USDT was only about $10B. It seemed as if USDC was closing the gap and overtaking USDT, its biggest rival. The two most popular stablecoins began the year with a market cap gap of nearly $36B. However, a recent shift of events has seen Tether’s(USDT) […]

Continue Reading

Ethereum’s Co-Founder Calls For Alternative Stablecoin Technology

As the clamor for increased stability in the crypto market continues to gain traction, Vitalik Buterin has added his opinion to the call.  According to the Ethereum co-founder, the industry would do well creating other dollar-pegged stablecoins to provide more stability to the digital asset ecosystem. Buterin responded to Coinbase’s Brian Armstrong, who requested to […]

Continue Reading

Crypto Lobbyists Warns EU Against Stablecoin Ban

A group of cryptocurrency lobbyists has forwarded a warning letter to the European Union commission to stop its MiCA bill from banning stablecoins. The crypto group stated that the MiCA proposal might have a devastating effect on the cryptocurrency markets if pushed.   A few days ago, there were reports that EU members were debating a […]

Continue Reading

Here’s Why Ethereum Miners Plan To Freeze Liquidity Pool After The Hardfork

Ethereum’s announcement of its transition to Proof-of-Stake (PoS) from the Proof-of-Work (PoW) protocol did not come as a piece of cheering news for the category of people.  The people whose activities are threatened by the upcoming Merge are the Ethereum miners. As a result, the aggrieved miners are called the ETHPOW group. The ETHPOW group […]

Continue Reading

ECB Picks CBDCs Over Bitcoin For Cross-border Payments

Since the advent of digital currencies, various institutions have been exploring their potential. Various institutions, including central banks, have supported using these nascent technologies for payment. This is due to the ease of usage, speed, and financial inclusion it offers even to unbanked citizens. Meanwhile, central banks and other financial institutions are exploring the usage […]

Continue Reading

Binance Recovers Over 80% Of Funds Stolen From Curve Finance 

According to reports, Binance, a famous cryptocurrency exchange, has recovered a large chunk of the assets stolen in the latest Curve Finance breach. About $450,000 have been frozen and reclaimed by the firm. Changpeng Zhao, the CEO of Binance, confirmed the news on his Twitter account. This means that approximately 80% of the plundered funds […]

Continue Reading

Brazilian Firm, PicPay To Launch Exchange And Stablecoin

In 2022, cryptocurrency has received widespread acceptance and integration across the world. Currently, PicPay, a Brazilian digital payment firm, is at cryptocurrencies. According to reports, it just launched an exchange platform, a cryptocurrency unit, and a stablecoin. With the introduction of a stablecoin and fully-functional crypto exchange, PicPay is completely embracing the crypto vortex. It […]

Continue Reading

SEC Might Exempt Crypto Market From Some Securities Laws 

In the past month, the issue of regulation has been a significant debate globally. Meanwhile, Gary Gensler, the chairman of the US SEC (Securities and Exchange Commission), commented on securities regulations recently.  He said the watchdog might exempt cryptocurrency firms from some securities regulations. This aims to ensure that crypto firms comply with its regulations. […]

Continue Reading

Sri Lanka Says Crypto Still Illegal Amid Financial Crisis 

As the nation’s economy continues to deteriorate, the Central Bank of Sri Lanka (CBSL) reiterated its stance on crypto in a notice. On July 12th, the CBSL released a public warning to the public that crypto usage is still prohibited. In 2018 and 2021, the CBSL has reiterated its position on crypto usage. It has […]

Continue Reading

Regulate Crypto Now Or Regret Later – Vice-Chair Of US Fed

Lael Brainard, the vice-chair of the US Fed, advised attendees at a Bank of England seminar in London on July 8th to regulate crypto now or regret it later.  Brainard asserted that cryptocurrency needs “strong guardrails.” This is because it faces the same fundamental dangers as conventional finance. She provided the recent market slump as […]

Continue Reading

Shiba Inu To Launch Stablecoin And Collectible Card Game

According to reports, the Shiba Inu ecosystem is working on launching a stablecoin, collectible card game, and rewards token. In a blog post, the head developer of the meme currency, Shytoshi Kusama, highlighted the new initiatives. The Shiba Inu network will soon include a new collectible card game.  This game card is intended for its […]

Continue Reading

Bitstamp To Introduce Inactivity Fee As From August 1st

Popular crypto exchange, Bitstamp, has announced plans to issue a fee for inactive accounts. The latest announcement will take effect from August 1st.  Meanwhile, this news is due to the ongoing downturn in the crypto market. This decline has affected the revenue of several crypto firms. According to the exchange, inactive users will be charged […]

Continue Reading

US Fed Conference Panelists Agree Stablecoins Will Boost USD

Recently, the US Fed Reserve held a conference in the United States. The panelists agreed that a digital Dollar would not affect the international currency system. Additionally, they agreed that other CDBCs do not threaten the value of the USD. However, well-developed cryptos could change the global role of the USD.  Some members stated that […]

Continue Reading

Trust Banks In Japan Might Become Crypto Custodians Soon

According to reports, Trust banks in Japan may soon be allowed to manage digital assets. The country’s regulator, FSA (The Financial Services Agency), made the announcement recently. However, the FSA will have to deliberate on the matter before deciding. Reports say it would seek public opinion for a month before announcing the new changes. Nikkei, […]

Continue Reading

BIS Allows Banks To Store 1% Of Their Reserves As BTC 

With the latest verdict from the BIS (Bank for International Settlements), banks can now store 1% of their reserves as cryptocurrencies. Before now, the BIS has maintained a skeptical approach toward digital currencies. The recent market crisis and issue with the Terra ecosystem have only made things worse. However, it appears things have changed, and […]

Continue Reading

Swiss Bank Exec: Regulations To Favor Centralized Stablecoin

Recently, there was turmoil in the stablecoin industry. This was after the popular DeFi platform, Terra, collapsed. Also, its stablecoin, the USD crashed, and several investors lost millions of dollars. Following the news, a Swiss National Bank (SNB) executive has commented on the matter. The executive, Thomas Moser, believes that regulators would favor centralized stablecoins […]

Continue Reading