Tether selects Arbitrum to power crosschain stablecoin

Prolonged economic sanctions against the Islamic state have forced Iran to start using crypto as a medium of exchange for international trade deals. 351 Total views 4 Total shares Struggling through decades of economic sanctions, Iran has placed its first international import order using $10 million worth of cryptocurrency, according to a senior government trade…

In 2021, Ardana Labs claimed it would provide an innovative stablecoin platform for the Cardano network. The new project, called “Ardana,” would allow investors to lock up crypto collateral and mint fiat-pegged stablecoins, including a U.S. dollar-based token called dUSD. It raised $10 million from investors that year, but it suddenly closed up shop in

A group of international Telegram Open Network (TON) contributors have submitted a court document criticizing United States regulators’ line of attack against the project. The group has formed a non-profit association, “The TON Community Foundation,” and collectively submitted the brief on Feb. 14 in the form of an amicus curiae.An amicus curiae is a brief that…

In this week’s newsletter, read about how Warner Music Group partnered with OpenSea to give artists a way to engage with their audiences. Find out how Tennis legend Maria Sharapova is exploring her growing interest in nonfungible tokens (NFTs) and check out how blockchain game Illuvium is trying to create an interoperable game. In other…

China plans to implement blockchain as part of an overhaul of its charity tracking system, the country’s Ministry of Civil Affairs (MCA) revealed in its action plan Monday, September 10.As part of the latest initiative involving the use of blockchain tech at a state level, the MCA’s four-year plan through 2022 pledges to “explore the…

Europe knows it will have to embrace a digital euro soon. To become a global digital leader and avoid dependence on American and Asian technological infrastructures, European policymakers and regulators have to make progressive decisions.A critical stumbling block for Europe’s digital economic thinking is so-called stablecoins. Stablecoins can be privately issued and have the potential…

The crypto lender was previously "rescued" by FTX following the LUNA stablecoin collapse. 1284 Total views 5 Total shares BlockFi announced on Nov. 28 that it has filed for Chapter 11 bankruptcy. The filing in the United States Bankruptcy Court for the District of New Jersey pertains to the company and its eight subsidiaries. The…

A federal judge ruled that Alex Mashinsky’s legal team’s arguments to dismiss two of his seven criminal charges were “either moot or without merit.”  120 Total views 6 Total shares Lawyers representing Alex Mashinsky, the former CEO of the crypto platform Celsius facing a criminal indictment in the United States, have lost a motion to