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 […]

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Axie Infinity Relaunches Ronin Bridge After Hack In March

According to recent reports, Axie Infinity has relaunched its Ronin bridge with some added features. The platform said it conducted three different audits before reopening the bridge. The co-founders of the popular dApp announced the bridge’s reopening on Twitter. They also showed commitment to ensuring users get back their lost funds. Ronin Bridge Relaunch Features […]

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FINMA Urges Other Watchdogs To Safeguard Crypto Investors

Currently, regulators worldwide are still looking for the best way to regulate the $900-billion industry. Meanwhile, on the 22nd of June, Euronews stated that: “While some state have partially regulated the sector, others have left the sector without regulations.”  Swiss Watchdog, FINMA, Calls For Complete Regulation Of Crypto Market  Various officials warned that not regulating […]

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Brazilian Banks To Use Digital Real As Collateral For Issuing Stablecoins

A recent report states that Brazil’s central bank is developing a unique kind of CDBC. According to the central bank’s president, the CBDC will be used for wholesale purpose. Also, private banks will be able to use the digital Real as collateral to issue stablecoins. Digital Real Will Be wholesale Oriented Brazil plans to issue […]

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Launching of a New Stablecoin Plus Staking Rewards Help WEMIX Earn a Strong Rally

The year 2022 seems to have redefined the gaming sector by adding decentralized finance to the industry. Towards the end of 2021, the gaming companies as well as the blockchain-based platforms knew that the gaming industry would evolve with the integration of blockchain technology. This has laid the foundation of a new sector within the […]

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Stablecoins That Have Taken Huge Impact Due to terraUSD Crash

On May 8, the entire world got to know the severity and impact of a single cryptocurrency going down. As the terraUSD (UST) experienced the crash, it took the entire cryptocurrency industry with it. UST’s price experienced over 70% demise from May 8 to May 12. Even now, when the trading price of the USD-pegged […]

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MakerDAO Experiences a Strong Rebound being a Secure Stablecoin

From the beginning of the year until now, the past couple of weeks has proven to be the most alarming for the cryptocurrency industry. Whether Bitcoin or any altcoin, their prices are not even close to the analysts’ estimations. In the past week, several stablecoins faced a similar issue where they lost their pegs. The […]

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Drama In The SEC As Commissioners Tackle Chairperson Over New Regulations Framework

The Security Exchange Commission is abuzz as two of the regulator’s commissioners took to social media to show their dissatisfaction over the SEC’s Chairperson’s newly published,’ Regulatory Flexibility Agenda.’ United States Securities and Exchange Commission (SEC) commissioners Hester Peirce and Elad Roisman have expressly shown their disapproval over the commission’s chairperson Gray Gensler’s new Regulations […]

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Indians Can Now Buy, Sell and HODL DOGE and SHIB On India’s Unocoin

Unocoin, India’s leading exchange platform, has included comprehensive trading options for Shiba Inu and Dogecoin meme coins. This revelation came from an announcement during the company’s press release on Monday. Unocoin’s extensive customer base will now be able to access trade options that pair the Dogecoin against India’s Fiat currency, the rupee. There is no […]

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Russia’s Largest Bank, Sberbank Faces Set Backs Registering Its Digital Asset Platform

Sberbank, a Russia State-owned bank is trying to roll out  its decentralized digital asset and tools issuance platform, but has repeatedly failed to obtain regulatory approval. Sberbank of Russia is Russia’s largest bank and a leading global financial institution. The bank is seemingly finding it difficult to secure a viable license and get regulatory approval […]

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