Can treasury-linked stablecoins bring stability to DeFi?
Flare Network’s USDX stablecoin introduces treasury yields to DeFi, challenging established players like USDC in terms of economic utility.
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SXSW 2022 showcased immersive NFT experiences, lacking crypto and Bitcoin sessions
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Italian Red Cross Builds COVID-19 Medical Post With Donated Bitcoins
On April 5, Italy’s “blood donation day,” the Italian Red Cross constructed an advanced medical post using funds generated through a crypto fundraiser.The Italian Red Cross has raised nearly $32,000 through cryptocurrency donations in less than one month. Roughly $22,000 has been used to finance the construction of the initiative’s first advanced medical post in…
What happens when 1% of Bitcoin holders control 99% of BTC supply?
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Dubai Department of Finance Launches Blockchain-Based Payment System for UAE Gov’t
The Dubai Department of Finance (DoF) has partnered with the Smart Dubai Office (SDO) to launch a blockchain-powered payment system. The news was reported on by a local news site Zawya, September 23.The new platform, called “Payment Reconciliation and Settlement,” was officially launched Sunday, September 23. It is reportedly geared towards government entities, such as…
NYAG directs 2 crypto firms to shut down, investigates 3 others
NY AG "will not hesitate to take whatever actions are necessary against any company that thinks they are above the law," said Letitia James. 904 Total views 20 Total shares The New York Attorney General’s office has alleged two unnamed crypto lending platforms operating in the state have engaged in unlawful activities and ordered three…
South Korean crypto exchanges banned from handling coins they issued themselves
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Crypto companies aim to build trust within future products and services
The cryptocurrency ecosystem underwent a turbulent year in 2022. Criticism inside and outside of the crypto industry was fueled following the collapse of FTX, Celsius, Three Arrows Capital and the Terra ecosystem. A number of losses have been recorded from these events. Blockchain analytics firm Chainalysis released a report in December of last year, which noted…
Tassat blockchain to join FedNow service with B2B onramp as pilot prepares for launch
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