A proposal to have the Aave DAO introduce a decentralised, multi-collateral-backed stablecoin dubbed GHO, has passed following a community vote, Aave Companies has announced. According to
Month: July 2022
Zimplex files for bankruptcy protection days after halting withdrawals
Zimplex, has reportedly filed for bankruptcy according to a corporate update released on Wednesday. The news comes just a few days after the Thailand-based crypto
Binance successfully integrates TrueUSD (TUSD) TRC20 Network
In an announcement today, Binance, the world’s largest crypto exchange by daily crypto trading volume, said that it had successfully integrated the TrueUSD (TUSD) TRC20 Network
Gensler maintains that crypto exchanges need to register with the SEC
US Securities and Exchange Commission (SEC) Chair Gary Gensler has severally pointed out that cryptocurrency exchanges and trading platforms cannot be treated differently from traditional
The ‘macroeconomic situations’ drive adoption into Bitcoin, says Binance CEO
Binance CEO, Changpeng Zhao says Bitcoin has strong support near or at the $20,000 price level, and believes the crypto market is generally likely to
CoinFLEX cuts staff amid efforts to trim costs by up to 60%
CoinFLEX co-founders Sudhu Arumugam and Mark Lamb say the goal is to be lean staff-wise and to remain ‘right-sized’ should potential acquisition proposals come in. Crypto
FDIC says deposit insurance does not apply to crypto
The FDIC says the public should note that deposit insurance does not cover non-bank entities and non-deposit products, including stocks and cryptocurrencies. The Federal Deposit
Babel Finance lost $280 million of customer funds: report
Babel’s losses included 8,000 BTC and 56,000 ETH wiped out in unhedged proprietary trading positions, a proposal deck cited in a recent report detailed. Babel
CoinShares: A dovish Fed and weaker dollar could benefit Bitcoin
Bitcoin (BTC) is likely to outperform in the face of a dovish flip from the US Federal Reserve and a weaker US dollar, according to
Bitcoin touches $24,600 as bulls eye best month since October 2021
Bitcoin touched a high of $24,666 on Coinbase to leave the benchmark cryptocurrency on the cusp of its best monthly performance since October 2021. Bitcoin