MakerDAO Deploying $100M USDC to Boost Annual Yield
The decentralized finance (DeFi) firm MakerDAO announced in a January 23 update that the community voted in favor of approving…
What Is Cryptocurrency Market Capitulation?
Crypto market capitulation is an essential concept in the cryptocurrency space. It typically occurs when investors begin to lose faith…
Circle (USDC) To Launch Permissionless On-chain Utility CCTP Protocol
Circle, a leading fintech company specializing in stablecoins, announces plans to launch its new Cross-Chain Transfer Protocol (CCTP). This protocol…
Iran and Russia Collaborate on Revolutionary Gold-Backed Stablecoin
The use of stablecoins, a type of cryptocurrency whose value is pegged to an asset such as gold, is gaining…
Paxos Offers Steady Fee to MakerDAO for $1.5B USDP Reserves
Paxos is set to offer MakerDAO a steady fee aligned to the decentralized finance firm to generate income on its…
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Aussie ‘Big 4’ Bank To Mint AUD-pegged Stablecoin In Mid-2023
The National Australia Bank (NAB) has joined the stablecoin race as it plans to launch a stablecoin pegged to the…
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Revolut Mulling on Suitable Date of Launching Native RevCoin
Revolut hinted at launching its native token at a later date this year. The challenger bank spokesperson regretted the uncertainty…
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zkSync Partnering with Espresso Systems to Facilitate Privacy Transactions
Ethereum-based scaling zkSync is set to collaborate with Espresso Systems in delivering Configurable Asset Privacy. The partnership with the crypto…
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Bank of America Believes Stablecoins, CBDCs Will Change the Dynamics of Money in the Future
Bank of America (BOA) is convinced that Stablecoins and CBDCs are here to change the dynamics of the whole concept…
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Bitcoin Mining Firm GRIID Delays NYSE Listing Again
The plan for GRIID merging with the blank-check firm is set for the delay in listing at the NYSE. A…
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Africa’s Web3 Game Developer Secures $27M Funding
Carry1st, an African Web3 gaming startup, has completed a $27 million funding round backed by venture capitalists Andreessen Horowitz, Bitkraft…
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BoE Governor Questions The Need For A Digital Pound Sterling
Andrew Bailey, the Governor of the Bank of England, has voiced his dissatisfaction with the country's push for a CBDC.…
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The Four Most Significant Cryptocurrency Trends
Since the inception of Bitcoin in 2009, cryptocurrency has gone a long way. The market has expanded enormously, and new…
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Russia And Iran Partner To Develop a Gold-Pegged Stablecoin
Russia and Iran have reportedly partnered to create a new Gold-pegged Stablecoin that will benefit both countries, according to recent…
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Japan’s National Tax Agency Reveals New Guidelines For NFT Tax
According to reports, Japan has joined a list of countries updating their guidelines for NFT taxation. Last year, Japan decided…
Why Tether Declined FTX’s Assist Request Before Its Bankruptcy Declaration – Report
The world of cryptocurrency and blockchain technology has been a source of remarkable success stories and painful crises in recent…