Tether stablecoin issuer freezes 8.2M USDT on Ethereum: Data
Tether has frozen a total of 215 USDT addresses on Ethereum in 2022 so far, according to data compiled by ETH researcher Philippe Castonguay. Go to Source Powered by WPeMatico
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Over 12,000 Brazil companies declare crypto holdings in record high
August figures released by Brazil’s tax authority revealed over 12,000 companies have cryptocurrency holdings, the largest amount ever recorded. Go to Source Powered by WPeMatico
US DOC agency NIST explores security, safety, trust of stablecoins
The National Institute of Standards and Technology (NIST) found that the top five coins that retained their peg represented 87 % of the total top 20 market capitalization. Go to Source Powered by WPeMatico
Distribution of assets is ‘not possible at this time’, says Luna Foundation Guard
The fund cited “ongoing and threatened litigation” in its reasons for being unable to distribute its remaining assets to UST users starting with the smallest HODLers. Go to Source Powered by WPeMatico
Crypto Biz: NYDIG stacks sats, Elon buys Twitter
Amid the bear market, positive signs of crypto adoption continue to emerge. Also, Elon Musk is finally moving ahead with plans to acquire Twitter. Go to Source Powered by WPeMatico
MakerDAO goes ahead with $500M investment in treasuries and bonds
$500 million of the funds currently collateralizing the Dai (DAI) stablecoin will be reallocated to U.S. Treasuries and corporate bonds in an effort to provide the protocol low risk additional yield. Go to Source Powered by WPeMatico
Web3 must bridge back into Web2 for real cash flows — Checkout.com VP
“The seamless payments infrastructure and user experience derived from Web2 will be the backbone of Web3’s success,” said Max Rothman. Go to Source Powered by WPeMatico
What is the economic impact of cryptocurrencies?
Cryptocurrencies spur financial inclusion, protect against inflation and enhance the global economy despite the recession. Go to Source Powered by WPeMatico
Central banks can push DeFi into mainstream: Swiss National Bank official
A combination of centralization and decentralization is a perfect mix for the development of crypto and DeFi, according to a Swiss National Bank official. Go to Source Powered by WPeMatico
US lawmaker hints at calling for Republican votes in 2022 Midterms over crypto policies
Representative Patrick McHenry said regulatory clarity for digital assets would be one of his “top priorities” if he became the next chair of the House Financial Services Committee. Go to Source Powered by WPeMatico