Parity – DIGIT INFO

Proof-of-Ink by Gavin Wood: The tattoo that secures your Web3 privacy

DIGIT — Fri, 23 Aug 2024 10:01:13 +0000

The Web3 individuality mechanism will require a unique, algorithmically generated tattoo to prove digital citizenship.

Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits

DIGIT — Mon, 13 Mar 2023 21:00:31 +0000

Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature Bank, was closed by New York regulators, according to a statement from CEO Jeremy Allaire. “The 1:1 redeemability of all USDC in circulation is of paramount importance to Circle,” Allaire emphasized. Crypto Firms Scramble for […]

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Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum

DIGIT — Mon, 13 Mar 2023 17:30:56 +0000

On Monday, Binance CEO Changpeng Zhao, also known as CZ, announced that the company had decided to convert $1 billion worth of BUSD from the Industry Recovery Initiative fund into three different cryptocurrencies. Zhao noted that significant onchain movements would be noticeable following the announcement. CZ’s Decision to Convert $1 Billion BUSD Comes Amidst Troubles […]

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Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’

DIGIT — Sun, 12 Mar 2023 00:00:15 +0000

On Saturday, March 11, 2023, Circle Financial updated the public about its stablecoin, USDC, and noted that the stablecoin’s liquidity operations will resume normally on Monday morning in the United States. Circle said that the company’s teams would be ready on Monday to “handle significant volume” and that the firm will “stand behind USDC and […]

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Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident

DIGIT — Sat, 11 Mar 2023 18:30:16 +0000

On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the time of writing, Makerdao commands $3.1 billion in USDC collateral that backs a portion of the project’s stablecoin, DAI. Makerdao Proposes Changes to Limit Exposure […]

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BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance

DIGIT — Sat, 25 Feb 2023 19:00:53 +0000

After Paxos announced that it would no longer mint the stablecoin BUSD, 4.98 billion BUSD stablecoins have been removed from circulation to date. The Paxos-managed stablecoin has also fallen out of the top ten crypto assets by market capitalization, slipping below dogecoin’s valuation with a market cap of around $11.12 billion, compared to the meme […]

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Defi Lending Sector Experiences Major Shake-Up: 71% of Total Value Locked Evaporates in 12 Months

DIGIT — Tue, 17 Jan 2023 18:30:53 +0000

Decentralized finance (defi) has continued to remain deeply ingrained in the cryptocurrency economy as the ecosystem provides users with a non-custodial way to exchange digital assets, lend cryptocurrencies, issue stablecoins, and ways to profit from arbitrage. In the lending sector of defi, a lot has changed during the last 12 months as lending applications like […]

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Tron’s USDD Stablecoin Experiences Fluctuations Again, Drops Below $1 Parity in Early 2023

DIGIT — Wed, 11 Jan 2023 00:30:08 +0000

The Tron-based stablecoin USDD fell below $1 parity again during the first week of 2023 and on Jan. 10. Four days ago, the stablecoin dropped to $0.972 per unit and on Tuesday, Jan. 10, 2023, USDD slipped to $0.977 per unit. At the time of writing, the Tron-issued stablecoin is trading at 98 cents per […]

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Polkadot: How parachains are changing a blockchain-centric ecosystem

DIGIT — Tue, 11 Oct 2022 13:19:45 +0000

Parity chief marketing officer Peter Ruchatz discusses the ins and outs of Polkadot’s focus on interoperability at Token2049.

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Euro Reaches Parity Against the US Dollar, While the USD Index Taps a 20-Year High

DIGIT — Wed, 13 Jul 2022 20:54:44 +0000

Eight days ago, the euro tapped a record low against the U.S. dollar as it hit $1.028 per unit against the USD last Tuesday. This week, the official currency for 19 of the European Union’s member states reached parity against the U.S. dollar for the first time in 20 years. Euro Hits Parity Against the […]

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