New protocols are constantly coming online in DeFi, with protocols using stablecoins being the most common. There are currently over 70 stablecoins in circulation, but no protocol supports all stablecoins. Because anchoring the same asset in different protocols can appear as different tokens, users often need to swap between these tokens. mStable is built to …
Tag archives: Bitcoin
BlockDown Festival: Croatia announces a call for NFT creators and artists
BlockDown Festival: Croatia is calling artists and creators to take part in this three-day celebration of Web3, NFTs, and the metaverse. Alongside informative panels, discussions, debates, live music, and parties, the festival will be creating an immersive experience that showcases some of the best creative minds. Just like the actual metaverse the festival aims to …
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EU votes against a de-facto ban on Bitcoin’s POW consensus method in MiCA draft
The ECON committee of the European Union voted against a de-facto ban on cryptocurrencies that rely on the proof of work consensus protocol, like Bitcoin, that was included in the latest draft of the MiCA, or Markets in Crypto-assets Regulation, report. Erster Etappensieg bei #MiCA im Ausschuss! Mit der Annahme meines Vorschlags haben die Mitglieder …
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On-chain data shows Bitcoin whales are actively selling, is trouble brewing?
A new metric from on-chain data analysts Glassnode looks at the relative size of entities actively accumulating or distributing coins in terms of their Bitcoin holdings. In short, the “Accumulation Trend Score” measures whale activity. The current Accumulation Trend Score shows whales are activity distributing tokens, suggesting a low probability of reversing the recent price …
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Argentinians Criticize IMF Requirement to Slow Down Crypto Adoption in the Country
Argentinian citizens involved in the cryptocurrency industry are criticizing a perceived anti-crypto requirement that the recent deal made with the IMF has introduced. The deal, which restructures and gives more facilities to the country to pay the $45 billion owed to the fund, also hints at a series of measures directed at stifling the growth …
Inflation Hedging Coin Has Announced an International Video Production Contest
press release PRESS RELEASE. IHC token team just announced a contest of video content creation with a prize pool of 100 million IHC tokens among Youtubers. All Youtube content creators with above 5k subscribers can compete by posting a full explanatory video on “Inflation Hedging Coin” between March 15 and April 15. The preliminary qualification …
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Stablecoin Economy Nears $200B, UST Supply Jumps Higher, USDN Spikes 43% in 30 Days
During the last 12 months the stablecoin economy has grown massive and the current valuation today is only $13 billion away from tapping the $200 billion mark. This month, the two biggest gainers in terms of 30-day issuance include Terra’s UST jumping 29.9% and Neutrino Protocol’s USDN spiking 43.8%. Stablecoin Market Capitalization Continues to Swell, …
Elon Musk Says Tesla and Spacex See Significant Inflation Pressure — Confirms He Won’t Sell Crypto
Tesla and Spacex CEO Elon Musk has revealed that his two companies are seeing significant inflation pressure in raw materials and logistics. He advised people to own physical things when inflation is high but stressed he will not sell his cryptocurrencies: bitcoin, ether, and dogecoin. Elon Musk Discusses High Inflation The CEO of Tesla and …
Here’s why the SEC’s latest decision on Ripple’s lawsuit is a win
On December 22, 2020, The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple and its two executives: Brad Garlinghouse and Chris Larsen. The SEC claimed Ripple’s currency, XRP, was an unregistered security. Therefore, Ripple was conducting illegal trading. What is the SEC after? According to the law, all securities must be registered with …
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Skybridge Capital Founder: Bitcoin Will Be Legal Tender in Many Latin American Countries
The founder of Skybridge Capital has predicted that “bitcoin will be used by many Latin American countries as legal tender over time, not just El Salvador.” He recently doubled down on his $100K bitcoin price prediction but does not currently see the cryptocurrency as a hedge against inflation. Bitcoin Will Be Legal Tender in Many …
‘Ecstasy Kingpin’ From Brockton Forfeits $2.3M in Bitcoin to Massachusetts Law Enforcement
A man from Brockton, Massachusetts was sentenced to eight years in prison and forced to forfeit 59 bitcoin worth $2.3 million, after he was caught selling Xanax, ecstasy, and ketamine on the deep web. Massachusetts U.S. Attorney Rachael Rollins stressed during the announcement that the government has entered the cyber world, and she insists they …
Gensokishi Online Hosts Campaign to Win in-Game Token ROND Whitelist for a Total of $10,000
press release PRESS RELEASE. GensoKishi Online Metaworld is a GameFi and metaverse incarnation of the award winning Nintendo Switch/PS4 game “Elemental Knights”. Genoskishi Online has set numerous records since releasing its website and various social networking sites on December 2, 2021. The community has grown to over 230k members since its release. The launch on …
EU Parliament Committee Votes Against Proof-of-Work Ban, Supports Alternative Amendment on Crypto Assets
European Parliament’s economic and monetary affairs committee has voted against banning proof-of-work-based assets for companies in the European Union. An alternative proposal on crypto assets by European Parliament member Stefan Berger receives support instead. Committee Rejects Proof-of-Work Ban The Committee on Economic and Monetary Affairs (ECON) voted on the proposed Markets in Crypto Assets (MiCA) …
Biggest Movers: RUNE Rises by Over 15%, as FTM and AVAX Trend Lower
Thorchain (RUNE) rallied to its highest level since January, as cryptocurrency markets started the week mainly in the red. Avalanche (AVAX) was one of these cryptocurrencies trading lower on Monday, and fantom (FTM) fell by close to 10% on the day as well. Thorchain (RUNE) While cryptocurrency markets have been mainly lower over the past …
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Here’s why the SEC’s last decision on Ripple’s lawsuit is a win
On December 22, 2020, The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple and its two executives: Brad Garlinghouse and Chris Larsen. The SEC claimed Ripple’s currency, XRP, was an unregistered security. Therefore, Ripple was conducting illegal trading. What is the SEC after? According to the law, all securities must be registered with …
Continue reading “Here’s why the SEC’s last decision on Ripple’s lawsuit is a win”