It’s been six months since Terra’s algorithmic stablecoin UST (now USTC) depegged from the U.S. dollar and the price has remained depegged from the greenback since May 9, 2022. Currently, the former stablecoin is exchanging […]
The Bitcoin miners are in trouble as the bear market intensifies, whereas the shrimp addresses hit a new high. After a new all-time high of $69,000 in Nov. 2021, Bitcoin (BTC) has been in a […]
BlockFi, the exchange that provided lending services along with cryptocurrency trading, filed for Chapter 11 protection today. BlockFi Inc and its eight subsidiaries became the latest victim of the FTX contagion as it filed for […]
The largest decentralized lending protocol MakerDAO previously approved a plan to invest $1.6 billion with Coinbase Prime for an annual yield of 1.5%, but this latest plan didn’t fly. Source link
“Pending the finalisation of the framework, MAS requires Singapore-incorporated banks to apply a 1250% risk weight for exposures to riskier cryptoassets such as Bitcoin and Ether,” he said. “… Based on MAS’ minimum total capital […]
A possible Chapter 11 bankruptcy of Genesis Trading and parent company DCG is still depressing the sentiment on the Bitcoin market. Genesis last commented on Twitter on November 16. Parent company DCG last spoke out […]
The Game7 DAO’s treasury includes $500 million committed by high-profile decentralized autonomous organization BitDAO and blockchain game platform Forte. The grants will be deployed over five years at $20 million per year to projects across […]
During the last month, the market capitalization of all the stablecoins in existence dropped by more than 2%, shedding roughly $2.98 billion since the end of October. Statistics show that tether, the largest stablecoin by […]
However, FTX itself filed for bankruptcy in the second week of November, after days of speculation about whether it was fully liquid. The questions were sparked by a CoinDesk report revealing that much of FTX […]
Bitcoin returned to the bottom of its current range and might see further downside pressure in the coming days. The cryptocurrency is still recovering from the collapse of FTX, the former second major crypto exchange […]
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