Aave Companies, the entity at the back of the Aave DeFi program, has introduced the local stablecoin of the protocol. The stablecoin named GHO has been introduced on the testnet network of…
Category: Stablecoin
Beijing Should Reconsider Its Decision Regarding Cryptocurrency Ban, Says PBoC’s Former Advisor
The concept of eliminating the crypto prohibition has begun to rise across the Chinese jurisdiction as a former official from the country’s central bank has recently spoken on it. The official stated…
Twitter Is Launching A New Feature Called Coins
Social media giant Twitter’s well-known engineering expert “Jane Manchun Wong” stated that the platform is near introducing an exclusive feature called Coins. The service is in its final phase to facilitate the…
Philippine Government Warns Investors About Using Unlicensed Cryptocurrency Exchanges
Following the peak of the crypto exchange FTX’s crash, the authorities in the Philippines have cautioned crypto investors regarding the crypto exchanges which have not secured any licenses. The Securities and Exchange…
A Court In South Korea Confiscates $92 Million In LUNA-Related Funds
Since the collapse of LUNA and UST tokens of Terra, the authorities in South Korea have been delving into the case as well as scrutinizing the businesses linked to Terra. The new…
Clients’ Funds Are Completely Safe, Says Silvergate CEO
Silvergate’s chief executive officer has again claimed that the funds of the consumers are secure, but many are still apprehensive. The firm had considerable exposure to FTX and BlockFi via deposits. Silvergate,…
ConsenSys Introduces A New Tool For MetaMask Cryptocurrency Wallet To Expand Blockchain Interoperability
ConsenSys, a tech firm for blockchain-based software, keeps on working to expand blockchain interoperability via the inclusion of an exclusive instrument to the crypto wallet named MetaMask. The consumers of the wallet…
Crypto Bank MinePlex Receives $100 Million In Funding From Crypto Investment Company GEM
MinePlex, a crypto bank based in Singapore, has acquired funding of up to $100M from GEM Digital Limited (a company specified for investment in digital assets). The purpose of this funding is…
Luna Classic Reaches A $2.43 Billion Market Cap
The crypto community is full of hopeful people and those who want to capitalize on this fact. Terra Luna was a Ponzi scheme. Now, we know it and we know that it…
Is Tether The Next Terra?
USDT is the most traded crypto asset acting as a reliable intermediary for many transactions on numerous exchanges. Conceived as a stablecoin that retains parity with the USD, it is still one…