Circle’s stablecoin USDC stabilizes on a significantly higher market cap following market decline. As Bitcoin (BTC) and the cryptocurrency market at large experience a major downturn, people turn to stablecoins in an attempt to preserve their capital. Some stablecoins have grown more than others, however. Stablecoin marketcaps are generally expected to increase after a major […]
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Maker’s loss of more than $5 million over a technical issue raises questions on the stability of the DeFi ecosystem, as a string of attacks threatens Ethereum. Thursday’s market meltdown left MakerDAO (MKR) with a $5 million hole that the project is now scrambling to fill. As this is just the latest in a series […]
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This week, the UK’s central bank issued a discussion paper on how digital currencies could be introduced and used in the country. The Bank of England (BoE) is seriously weighing the pros and cons of issuing a central bank digital currency (CBDC) denominated in pounds sterling. Britain’s central bank recognized that a digital pound could […]
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The crypto market collapse has triggered system-wide MakerDAO loan failures, sparking an upcoming community vote and the project’s first-ever Debt Auction. MakerDAO, a leading firm in the burgeoning sector of decentralized finance (DeFI) built on the Ethereum (ETH) network, has hastily called for a community vote on March 13 ahead of the project’s first-ever Debt […]
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Enjin has launched its multiverse program to entice developers to build on its blockchain-based gaming network. Blockchain-based gaming ecosystem Enjin (ENJ) has launched its Multiverse Program and is now seeking applications from interested developers. The program is designed to attract developers to explore Enjin’s Multiverse platform — a gaming platform that supports the creation of in-game […]
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MakerDAO, the organization behind the Dai stablecoin, is making a bid for Dai to serve as a “real parameter” of dollar-pegged value for video game economies. MakerDAO, the organization behind the Dai (DAI) stablecoin, is making a bid for Dai to serve as a “real parameter” of dollar-pegged value for video game economies. As blockchain […]
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America’s largest bank, JPMorgan Chase, has settled a $1 million class-action lawsuit over unannounced changes to its credit cards’ fee schedule for crypto purchases. The sixth-largest bank worldwide, JPMorgan Chase Bank, has settled a lawsuit over unannounced changes made to the fee structure applied to cryptocurrency purchases made using its credit cards in 2018. The […]
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Some of the biggest names in the Libra Association have joined a rival stablecoin project, which touts its mission as the promotion of financial inclusion using the blockchain. Some of the biggest names in Facebook’s embattled Libra Association have joined a rival stablecoin project, which touts its mission as the promotion of financial inclusion using […]
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Russia’s relationship with blockchain and cryptocurrency wasn’t clear, but the country is making steps toward digital economic development. The volume of cryptocurrency flows on darknet markets — which are involved in illegal drug and arms trafficking, remittance and transfer of illicit funds — have doubled for the first time in four years, a new report […]
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On March 10, the market cap of the Binance Dollar (BUSD) for the first time reached a $100 million mark propelled by a 400% monthly growth. On March 10, the Binance Dollar’s (BUSD) market cap crossed the $100 million mark. This is the first time that the stable coin, created in partnership between Binance and […]
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