Stablecoin
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Frax Finance Enters DeFi Liquidity, Allocates $250M of Ethena Labs’ USDe
Decentralized finance (DeFi) lending platform Frax Finance approved the community governance proposal to allocate $250M to a newly established liquidity…
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South Korea Tightens Rules for Cryptocurrency Exchanges
Regulatory agencies in South Korea are to tighten compliance criteria for cryptocurrency firms. A recent report claimed that the licensed…
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Argentina Sets New Regulatory Requirements for Crypto Exchanges
The President of the regulatory agency in Argentina recently noted that unlicensed crypto firms in the region will not be…
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HSBC Unveils Tokenized Gold Targeting Hong Kong-based Retail Customers
HSBC is responding positively to the Hong Kong government’s call for public access to digital assets by unveiling tokenized gold…
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Bitcoin Demand in Argentina Reaches Highest Point in 20 Months
Bitcoin continues to be one of the most in-demand digital currencies among investors in Argentina. The local fiat pesos have…
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Crypto Exchange Liquidity: What Is It And How Does It Work?
Like the traditional financial system, maintaining healthy liquidity ensures optimum transaction flow. Hence, crypto trading platforms need adequate reserves for…
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US Legislators to Enable Crypto Custodial Services for Banking Institutions
House Financial Services Committee recently passed a resolution to overturn the Staff Accounting Bulletin no. 121. The HFSC voted in…
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Ethena Founder Downplays Concerns, Protocol Realizes 5% of Ether Perpetual Futures Open Interest
As per its data dashboard, the protocol issuing USDe digital dollar Ethena presently accounts for nearly 5% of the ether…
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Circle Ends Support for USDC on Tron Network
On Wednesday, the second largest stablecoin issuer by daily trading volume, Circle, revealed plans to stop supporting USDC on the…
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UN Investigates $3 Billion North Korean Cyberattacks on Cryptocurrency Firms
Cybersecurity analysts at the United Nations are set to publish a detailed report on crypto firms in February or March…
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Crypto Criminals Face Life Imprisonment in South Korea
The lawmaking authorities of South Korea have imposed new regulations for criminals from the crypto sector. The new notification issued…
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Terraform Labs CFO Han Chang-joon Extradited to South Korea for Legal Proceedings
Do Kwon, the CEO and co-founder of Terraform Labs, is set to travel to the USA to face charges brought…
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South Korea’s Terraform Investigation Advances, Former CFO Extradited
Amid the investigation surrounding the dramatic collapse of Terraform Labs and its algorithmic stablecoin TerraUSD, Han Chang-joon, the company’s former…
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JPMorgan Warns Against Tether’s Growing Dominance in the Crypto Sector
In a recent analysis, JPMorgan has voiced concerns over the increasing dominance of Tether (USDT) in the cryptocurrency market, suggesting…
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Tether Announces Record $2.9 Billion Profit in Q4 2023, Excess Reserves Hit $5.4 Billion
Stablecoin issuer Tether has reported a record-breaking net profit of $2.9 billion in its Q4 2023 attestation report. Accompanying this…
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Circle to Launch USDC on Celo Blockchain
Stablecoin issuer Circle is launching the USDC stablecoin on the Celo blockchain. The venture brings more utility to Celo and…
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