Category: Stablecoins
Luna, Not A Security, A Court In South Korea Rules
A South Korean court has declared that LUNA, the native token of the Terra blockchain, is not a security, which is a significant decision for…
Latin America’s Largest Investment Bank Launches a Stablecoin on Polygon
Bazil-based BTG Pactual, considered the largest investment bank in Latin America, announced on Wednesday the launch of its stablecoin. In a statement, the company informed…
Kokomo Finance Developers Utilize Wrapped Bitcoins to Execute a $4 Million “Exit Scam”
On March 26, the Indiana-based non-custodial lender Kokomo finance reported an “exit scam” that exposed the investors to over $4 million loss. The Kokomo team…
Tether Predicts $700 Million Profit in Q1 Amid Ongoing Regulatory Controversy
On March 24, the leading issuer of stablecoin Tether owned a $1.6 billion reserve to support the performance of USDT. During the first quarter of…
2023 US Economic Report Undermines Digital Assets, Says Crypto Offers No Value
In a new move that may likely have an impact, the White House is reportedly making a case against cryptocurrency in its released 2023 Economic…
Metaverse Game Developers Aavegotchi Set New Record With An Outstanding Multiyear Sale
The creators of the famous Aavegotchi metaverse game — Pixelcraft Studios, have successfully realized $30 million from a multiple-year token sale. The fundraising effort is…
Research Shows CBDC Transactions Will Reach $213B By 2030
According to new research, payments involving central bank digital currency (CBDC) is expected to double by 2030 and reach $213 billion yearly. The researchers noted…
Binance To Launch Prepaid Crypto Card In Colombia
Binance, the foremost provider of blockchain and cryptocurrency infrastructure globally, has released its Binance Card product in Colombia. As one of Binance’s primary markets, with…
Here’s How USDC Dollar Depeg Could Impact Many Crypto Exchanges
Circle’s USD Coin (USDC) stablecoin is reportedly steadily de-pegging from the US dollar by falling to a low of $0.89 from its $1 peg. The…
Is USDC Likely to Be Another UST? Analyst Shares His Opinion
According to a recent thread by @DeFi Ignas, a crypto analyst on Twitter, the vulnerability of USDC (USD Coin) reserves to fallen banking bodies in…
