Bitfinex and Tether still in the eye of the storm
Tether and the Bitfinex platform have been under investigation in the United States for several months. This affair is taken very seriously by the cryptopshere given the notoriety of Tether.…
Stablecoin
The UK embraces stablecoins
A consultation paper published yesterday by Her Majesty’s Treasury, a department of the British government, explores the scope of regulation applicable to stablecoins. The paper also highlights…
Is facebook’s cryptocurrency Libra back?
In the regulators’ sights, Libra could nevertheless make its debut as early as January 2021. The ambition would be less ambitious, however, with the launch of a stable corner backed only by the…
Yield farming & liquidity mining, main reasons behind DAIs market cap growth close to $1 billion
The rise and rise of DeFi have opened a box of wonders and yield farming is one such concept that has emerged successful along with DeFi. yield farming is closely related to a model called Automated…
USDC and DAI are grabbing top spots in DeFi while Tether still holds dominance
Tether has exceeded $16 billion in its market cap dominating the stablecoin circulation, but catching up with it are its rivals which are small in stature, but are no less in this huge DeFi space.…
USDC gets its official blockchain in the Stellar Network
The Centre Consortium has announced that the USDC coin will now be officially available on Stellar Blockchain. USDC is expected to be on Stellar in Q1 2021 and it will be the third blockchain with…
$USDT exchange withdrawals just reached a 5-month low according to Glassnode
Glassnode, the On-chain data analytics provider shared a new finding. This time it relates to USDT on-chain fundamentals. According to the new metrics, it shows that the users are withdrawing their…
Binance uncovers a new decentralized stablecoin system – Venus
A new decentralized stable coin system called Venus was recently revealed by the world’s leading cryptocurrency exchange – Binance. The system supposedly has been built on the Binance Smart…
Stablecoin funds are admitted in US banks
US national banks get the green light from the regulator to hold the reserve funds of the stablecoins backed by a fiat currency. Legislation continues to ease in the United States. The gap between…
OCC & SEC join hands to issue regulatory guidance on Stablecoins
On Monday, the Office of the Comptroller of the Currency or OCC along with the SEC came up with stablecoin guidance. This guidance aims to provide the first-ever guidance on how cryptocurrencies are…
Crypto soon to reach Online shoppers thanks to Terra’s initiatives
Looks like the wait for the Liquidity mining-powered savings account will have to be stretched by a bit. Let us refresh your memory, Anchor is the new decentralized finance platform from the house of…
User who sent 1,000,000 USDT to the wrong address recovers it thanks to Tether
CTO of Tether Paolo Ardoino recently announced on Twitter that Tether has both recovered and returned 1,000,000 USDT to a user who had mistakenly sent it to the wrong DeFi address. In fact, the user…