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
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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
Russia unlikely to choose Bitcoin for cross-border crypto payments: Analysis
Bitcoin looks suitable for Russia’s crypto cross-border payments at first glance, but there are many reasons why such a choice is highly questionable. Go to Source Powered by WPeMatico
Robinhood and Circle Partner to Let Exchange and Wallet Users Utilize the Stablecoin USDC
After Robinhood Markets launched the company’s beta Web3 wallet on Tuesday and listed the stablecoin usd coin on the exchange platform Robinhood Crypto last week, the company announced a strategic partnership with Circle Financial. The deal revealed on Wednesday will provide Robinhood Crypto and Robinhood Wallet users with the ability to purchase and sell usd … Read more
WSJ: Terraform Labs claims case against Do Kwon is ‘highly politicized’
A spokesperson for the company behind Terra said it believes prosecutors heeled to public pressure and expanded the definition of a security after its associated cryptocurrencies collapsed. Go to Source Powered by WPeMatico
Stablecoin Economy Continues to Deflate — USDC’s Market Cap Shed $6.7 Billion in 83 Days
Just over two months or approximately 83 days ago, the stablecoin usd coin (USDC) had a market valuation of around $55.52 billion and since then, USDC’s market capitalization has lost 12.05%. For most of 2022, the second largest stablecoin by market capitalization, USDC has been above the $50 billion mark, but this week the crypto … Read more