Despite crypto winter, the conference drew in 17,000 people to discuss the crypto regulatory landscape, Web3 development and the future of digital assets.
Scientists claim to have designed a fully decentralized stablecoin pegged to electricity
The E-Stablecoin would require several scientific advancements that are already in the works, and would allegedly make it possible to transmit electricity almost for free.
Ethereum price enters ‘oversold’ zone for the first time since November 2018
Ether’s price rebounded by nearly 400% after its RSI turned oversold the last time. Will this time be different?
Crypto Biz: Stablecoins are paving the way for mass adoption of crypto, June 2–8
Checkout.com, FTX, PayPal and Crypto.com headline the latest business news from the world of cryptocurrency and blockchain.
Circle to acquire Web3 platform Cybavo, bolstering its stablecoin adoption
Circle and CYBAVO intend to further promote the adoption of USD Coin and Web3 applications while integrating technology deeply into their core product suite.
MoneyGram’s USDC transfer service launches in several countries
The payment service, which is powered by the Stellar blockchain, will enable USDC settlement with MoneyGram in “near-real-time.”
Tether is ‘instrument of freedom’ and ‘Bitcoin onramp,’ says Bitfinex CTO
Paolo Ardoino, chief technology officer of Bitfinex and Tether, made the case that Tether is a tool for human rights during the World Economic Forum in Davos, Switzerland.
LUNA2 traders are increasingly short despite 67.5% rally, $4 million liquidated
Downside pressure for Terraform Labs’ LUNA2 mounts amid investigations and rumors from a “Terra insider.”
DeFi contagion? Analysts warn of ‘Staked Ether’ de-pegging from Ethereum by 50%
Liquid staking firms could default on their Ether obligations if The Merge does not happen.
New York state releases guidance for issuing dollar-backed stablecoins
The NY State Department of Financial Services, notorious for its strictness, claims to be the first regulator in the country to impose requirements of the type.
Reserve Rights (RSR) builds momentum ahead of its long-awaited mainnet launch
Steady growth in its active users, the stability of the RSV stablecoin and investors’ anticipation over the upcoming mainnet launch could boost RSR price in the short-term.
Is education the key to curbing the rise of scammy, high APY projects?
As DeFi projects offering insane returns continue to infiltrate the market, experts believe that investors need to better equip themselves to avoid such scams.
Japan passes bill to limit stablecoin issuance to banks and trust companies
The Japanese government is rushing to enforce new stablecoin laws in the aftermath of the Terra collapse.
These are the least ‘stable’ stablecoins not named TerraUSD
Some stablecoins have failed to deliver the dollar’s stability to crypto traders long before TerraUSD’s collapse.
DeFi protocols launch stablecoins to lure new users and liquidity, but does it work?
In the wake of UST’s collapse, several DeFi platforms launched their own stablecoins to lasso new users and liquidity but are investors willing to take on the risk in return for 20% APY?
Binance’s CZ says he is ‘skeptical’ about the Terra relaunch
Binance CEO CZ voices skepticism around the relaunch of the Terra blockchain and its new LUNA token following the latest fiasco.
Tether’s reported bank partner Capital Union shares its crypto strategy
Tether stablecoin’s reported bank partner Capital Union supports a large variety of digital assets as part of its trading and custody services.
Aussie banks ANZ and NAB won’t ‘endorse’ retail speculation on crypto
Executives from two of Australia’s “big four” banks have said they won’t allow their retail customers to trade crypto with ANZ adding its happy it didn’t “go head long” into a cryptocurrency offering.
UN agency head sees ‘massive opportunities’ in crypto: WEF 2022
“Crypto is just another technology, it’s a matter of how is it being used. It can be used for good or for bad. From where we sit, we see massive opportunities,” says the director of the UNICC.
China state media signals tighter crypto regulations in Terra aftermath
China has used its Economic Daily media outlet to signal that further regulatory action may be taken toward stablecoins in the wake of the collapse of Terra’s algorithmic stablecoin.
