minting – DIGIT INFO

Goldman Sachs-backed BitGo introduces USDS rewarding stablecoin

DIGIT — Wed, 18 Sep 2024 10:56:56 +0000

BitGo’s USDS stablecoin will challenge major issuers like Circle and Tether, aiming to distribute up to 98% of earnings to network supporters.

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Holograph fell 80% in 9 hours after exploiter mints 1B additional HLG

DIGIT — Fri, 14 Jun 2024 02:47:55 +0000

The 1 billion HLG tokens were worth $14.4 million at the time of the first mint, Etherscan data shows.

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‘Lost’ Yuga Labs restructures again, with layoffs, new executive

DIGIT — Fri, 26 Apr 2024 21:53:45 +0000

The creator of the Bored Ape Yacht Club has been struggling with a changing market and still plans to focus on its Otherside metaverse project.

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Yearn.finance pleads arb traders to return funds after $1.4M multisig mishap

DIGIT — Thu, 14 Dec 2023 00:08:40 +0000

A Yearn contributor said the value lost came from “strictly protocol owned liquidity” in the protocol’s treasury and that customer funds weren’t impacted.

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OpenSea lays off 50% of staff with severance in preparation for version 2.0 launch

DIGIT — Fri, 03 Nov 2023 21:36:00 +0000

This is the second layoff by the pioneering NFT marketplace after the crypto winter and a stubborn bear market for collectibles.

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Stablecoin Supply Shift: TUSD Jumps 110% While Others Experience Reductions

DIGIT — Thu, 30 Mar 2023 17:30:29 +0000

Four stablecoins have reduced their supplies this month, while the stablecoin token TrueUSD (TUSD) has seen its supply jump 110% higher over the last 30 days. TUSD resides natively on four different blockchains. The number of Ethereum-based TUSD rose 27%, while the number of Tron-based TUSD stablecoins increased by 218%. TUSD Supply Swells, Tron-Issued Stablecoins […]

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MakerDAO votes to keep USDC as primary collateral, rejects ‘diversification’ plan

DIGIT — Fri, 24 Mar 2023 20:11:30 +0000

The passed measure ends the 1% USDC to DAI minting fee that was previously implemented.

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Magic Eden Launches Bitcoin Ordinal Inscription Market, Partners With Hiro, Xverse to Bolster Support

DIGIT — Wed, 22 Mar 2023 00:30:03 +0000

On Monday, the non-fungible token (NFT) marketplace Magic Eden announced the launch of Bitcoin Ordinal inscription support. Magic Eden said it has partnered with the wallets Hiro and Xverse to “bring a familiar wallet transaction experience to the marketplace.” Magic Eden’s Decision to Launch on Bitcoin Without Royalty Support and Compete With Emerging Markets Magic […]

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Circle clears ‘substantially all’ minting and redemption backlog for USDC

DIGIT — Thu, 16 Mar 2023 02:01:33 +0000

The stablecoin issuer said as at U.S. banking close on Wednesday, it redeemed $3.8 billion USDC and minted $0.8 billion USDC.

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USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement

DIGIT — Mon, 13 Mar 2023 02:30:26 +0000

The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would bail out depositors of California’s Silicon Valley Bank (SVB) and New York’s Signature Bank. […]

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