Enforcement of South Korean virtual assets law prescribed in decree
The details of enforcing the Protection of Virtual Asset Users Act are not contained in the bill, which comes into force July 19.
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Stablecoin de-pegging plagued USDC and DAI more than others: Analysts
Stablecoins from Circle and MakerDAO have been more unstable than those from Tether and Binance over the past couple of years, according to a new report from S&P Global. 101 Total views 3 Total shares Dollar-pegged stablecoins are not immune to dropping their pegs, but some such as Circle’s USD Coin (USDC) and MakerDAO’s Dai (DAI)

Silicon Valley Bank failure could trigger run on U.S. regional banks
A petition urging regulators to step in claims that nearly 40,000 of all depositors at Silicon Valley Bank are small businesses. 542 Total views 2 Total shares Own this piece of history Collect this article as an NFTFederal Reserve and Federal Deposit Insurance Corporation (FDIC) decisions concerning the future of Silicon Valley Bank may affect…

Retail Bought $3.7K Bitcoin Price Dip on Record $76B Volume: Report
Although the Coronavirus pandemic has led many brick and mortar industries to close operations, cryptocurrency exchanges seem to have had their best month in a long time. According to an exchange report released by CryptoCompare, Bitcoin (BTC) trading volume saw record-breaking numbers throughout the month.Cryptocurrency market daily view. Source: Coin360The March 13 market crash that brought the…

Tether volume hits $600B as it attempts to take on Bitcoin as crypto’s benchmark
Tether accounts for a huge percentage of transactions and is taking on Bitcoin and Ethereum in a variety of ways The latest data from analytics providers suggest that cumulative Tether transaction volume has just surpassed $600 billion as it begins to dominate crypto exchange trading.On-chain analytics provider Glassnode has revealed that Tether transaction volume increased…

Ethereum 2.0 to boost DeFi but delayed launch may set the network back
This deposit contract is the first step that would eventually lead to the launch of Ethereum 2.0. If to consider that the launch will go down successfully, Ethereum will ship the Beacon Chain and introduce proof-of-stake to the ecosystem, which is currently based on the proof-of-work, another consensus algorithm that is based on mining. Shard…

Vitalik Buterin warns against overloading Ethereum consensus
Buterin has advocated preserving Ethereum consensus minimalism and not overloading validators with other things. 388 Total views 1 Total shares Ethereum co-founder Vitalik Buterin has published a lengthy blog post warning of the dangers of “stretching” Ethereum's consensus past its core functions of validating blocks and securing the network. Ethereum consensus is the process whereby blocks…

7 crypto leaders discuss ways to combat the stigma surrounding NFTs
There’s widespread public confusion around much of what the crypto industry does and is hoping to achieve, but it’s likely there’s no facet of the space that has attracted as much negative attention as nonfungible tokens. From environmental concerns about the tokens’ carbon footprint to the “you don’t really own anything” disdain of so-called “right…

WallStreetBets mod dumps memecoin worth $635K in alleged rug pull
Within two days, the token’s price plummeted from an all-time high of $0.00067279 to an all-time low of $0.00004827. 438 Total views 4 Total shares Own this piece of history Collect this article as an NFTA moderator of the popular trading subreddit r/WallStreetBets has dumped a large portion of the WSB Coin (WSB), a token…