Extending its presence in the decentralized finance (DeFi) industry, Tangible protocol launched the real estate-backed stablecoin USDR. However, the recent events have revealed vulnerabilities in the stability of the coin’s peg to the U.S. dollar. A rush of redemptions led to a drain of liquid assets, including Dai (DAI), from USDR’s treasury. As a result,
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Bitstamp, one of the leading cryptocurrency exchanges, has made the decision to discontinue its services to customers in Canada. The announcement was made by CEO Bobby Zagotta, and it is set to take effect on January 8, 2024. While the reasons behind this withdrawal remain unclear, Bitstamp expressed its gratitude towards its Canadian customers and
In the world of cryptocurrency startups, Launchpad XYZ has been making waves with its successful crypto presale, raising over $1.88 million. This financial backing sets the stage for the highly anticipated debut of its multifaceted web3 ecosystem in 2023. With a focus on serving both newcomers and seasoned veterans, Launchpad XYZ aims to be a
The Federal Open Market Committee (FOMC) held a meeting in September to discuss the current economic environment and its impact on monetary policy. Despite facing a complex set of challenges, the committee confirmed its commitment to raising interest rates, with many participants anticipating at least one more increase in the near future. One of the
Chainlink (LINK) has been a star performer in the cryptocurrency market since September, outpacing Bitcoin (BTC), Ethereum (ETH), and many other altcoins. However, the current month has not been as kind to LINK, as it has faced a 10% correction in October. This has left investors concerned that the support level of $7.20 may break,
The Open Network (TON) Foundation, in collaboration with Alibaba Cloud, has recently announced its plans to organize a performance testing event on October 31, 2023. The primary objective of this event is to establish the TON blockchain as the world’s fastest blockchain to receive accreditation from the Guinness World Records. With a significant increase in
Sofia – 11 October 11, 2023 – FinDaS, a prominent tokenomics consulting company, is excited to announce the launch of three innovative products aimed at helping crypto startups in their financial planning and tokenomics design. These tools are designed to provide startups with efficient and accessible solutions to assess their financials, validate their token economies,
The recent legal actions taken by the U.S. Securities and Exchange Commission (SEC) against Coinbase have garnered support from the North American Securities Administrators Association (NASAA). NASAA emphasizes that while cryptocurrencies themselves are not inherently fraudulent, the sector has become a breeding ground for fraudulent activities due to the fear of missing out and economic
The recent trial between Alameda Research and FTX has taken an unexpected turn with the testimony of Alameda Research CEO Caroline Ellison. In her testimony, Ellison revealed that she had committed fraud under the direction of Sam Bankman-Fried (SBF), the founder of SBF. Ellison confessed that SBF had instructed her to divert billions of dollars
Polygon’s native token (MATIC) recently experienced a 16.4% rally following the launch of the Polygon 2.0 Goreli testnet on Oct. 4. However, the resistance at $0.60 proved to be stronger than anticipated, leading to a 10.6% decline over the six days that followed. This decline was exacerbated by negative news regarding the departure of a
The Ethereum market experienced a significant downturn on Monday as the Ethereum Foundation began selling coins. This sudden plunge triggered a chain of liquidation events, causing ETH traders to endure colossal losses in just one day. By October 10th, the Ethereum liquidation figures skyrocketed to over $32 million due to the price crash. The brunt
The United Kingdom’s Financial Conduct Authority (FCA) has taken action against Binance’s local partner, Rebuildingsociety.com. The FCA has prohibited Rebuildingsociety.com from approving financial promotion content from unauthorized individuals or entities. The regulator has instructed the company to revoke any previous approvals granted to unlicensed entities. In addition, Rebuildingsociety.com must inform its clients that it cannot
3Commas, a leading provider of smart trading solutions for cryptocurrency investors, has recently encountered another breach in its security system. This incident has once again raised concerns over the vulnerability of user data and the potential impact on the platform’s reputation. In this article, we will explore the details of the breach and the steps
Circle, the stablecoin issuer, has recently announced its venture into minting USD Coin (USDC) natively on the Ethereum layer-2 scaling protocol, Polygon. This move allows users and developers to access USDC without the need for bridging it from Ethereum to another blockchain. Circle Mint and Circle’s developer application programming interfaces (APIs) now fully support Polygon-based