Circle announces USDC launch for Cosmos via Noble network
The stablecoin will be launched on the Noble network, making it available to all 50-plus Cosmos IBC blockchains. Go to Source Powered by WPeMatico
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Binance Experiences Significant BTC, ETH, and Stablecoin Withdrawals Following CFTC Lawsuit
After the U.S. Commodity Futures Trading Commission sued Binance for alleged violations of trading and derivatives rules, a significant amount of cryptocurrency was withdrawn from the exchange. Data from analytics provider Nansen shows $400 million in Ethereum-based funds were withdrawn in 24 hours, and 3,655 bitcoin worth more than $99 million were withdrawn over the … Read more
MakerDAO passes new ‘constitution’ to formalize governance process
The document creates multiple offices tasked with fulfilling various jobs for the protocol, each with their own powers and responsibilities. Go to Source Powered by WPeMatico
Euler Finance exploiter returns another $37.1M worth of ETH and DAI
The exploiter originally drained $195 million worth of ETH and tokens from the protocol but has now returned around $138 million. Go to Source Powered by WPeMatico
Terraform Labs co-founder on S.Korea crosshair following Do Kwon arrest
Authorities have previously alleged that Shin earned roughly $105 million in profits from illegal sales of LUNA tokens before Terra’s collapse. Go to Source Powered by WPeMatico
In-Chat Tether Transfers Introduced in Telegram
Users of the Telegram messenger will now be able to send each other the leading stablecoin, tether (usdt), directly in the chats. The new option expands the list of cryptocurrencies available for purchase, sale, and trade in the messaging app. Tether Added to Wallet Bot in Telegram Messenger Support for transactions with the U.S. dollar-pegged … Read more
MakerDAO votes to keep USDC as primary collateral, rejects ‘diversification’ plan
The passed measure ends the 1% USDC to DAI minting fee that was previously implemented. Go to Source Powered by WPeMatico
USDT issuer Tether has up to $1.7B in excess reserves, CTO says
Tether CTO Paolo Ardoino believes that USDT is becoming the “safest asset to hold in the world” amid the banking crisis. Go to Source Powered by WPeMatico
Xapo Bank to enable USDC deposits and withdrawals
According to the Bitcoin custodian, utilizing the USDC stablecoin will allow members to deposit and withdraw funds without fees. Go to Source Powered by WPeMatico
Adopting CBDC could destabilize banks, help households, US Treasury study says
When integrated into the economy, a CBDC or stablecoin would compete with bank deposits to the public benefit, at least until a financial crisis. Go to Source Powered by WPeMatico