For every business, the goal is to serve their customer base in the best way possible and make good profits in the process. Good capital efficiency is one of the essential factors that helps keep a business running for generations. If the amount of money you are spending on running a business project is always higher than the revenue that such a project...
Terra’s native token LUNA rallied over 31% during the past seven days as the crypto’s price broke another record high crossing $34,3 earlier today. With a current market cap of roughly $13,4 billion, LUNA witnessed a significant recovery since the May...
Boston-based digital currency company Circle, with the support of Centre and Coinbase, has announced that it will change the composition of USDC reserves to cash and short-term US Treasury Bonds. Per Grant Thornton’s attestation, Circle expanded beyond cash and cash equivalents already in May 2021, However, witnessing the evolving regulatory landscape and scrutiny in the The post Circle Changes USDC Reserve Composition To...
With the imminent launch of smart contracts on Cardano, thoughts turn to its ecosystem and how it will develop against competing chains. One such consideration is stablecoins, which are an essential component of any crypto ecosystem. Stablecoins bridge the gap with fiat and presenting a solution to volatility. Earlier this week,...
Terra’s native token LUNA rallied 79.66% during the past seven days as the protocol developed by South Korean firm Terraform Labs surpassed Polygon (MATIC), recording the third-highest total value locked (TVL) among blockchains....
August 16, 2021 / Unchained Daily / Laura Shin Daily Bits...
This is an interesting thought experiment. Is the current Ethereum unforkable? Do all the Decentralized Finance products and instruments built on top of it make an Ethereum fork an instrument of the past? Also, in the rare case of a hard fork, do the backers of the stablecoins DeFi depends on hold too much power? A staple of decentralization, a fork is one...
RenVM and ICHI today announced a partnership to make decentralized stablecoins available to the Bitcoin,...
Tether Holdings Limited, the company behind the world’s largest stablecoin by market cap, revealed more details about its reserves in an assurance opinion by Moore Cayman, an audit services provider, which concluded that the information in the company’s Consolidated Reserves Report...
Reggie Fowler, a former NFL team owner and the suspected “shadow banker” involved in the Tether and Bitfinex saga, will finally have his day in court as his trial is scheduled for early 2022. According to newly released information, Fowler is accused of laundering money for Colombian drug cartels, alongside providing unlicensed financial services to crypto firms....
The recent report about Tether (USDT) facing a criminal probe in the US, published by...
Speaking to Forbes, Congressman Tom Emmer dismisses the notion of a Fed Coin showdown with cryptocurrency. Saying the crypto movement is too strong to be crushed, even by the Federal Reserve. In recent times, authorities have ramped up talk of introducing central bank digital...
The technology behind the chains or records stored in the form of blocks, which are essentially digital ledgers of crypto transactions distributed across a global network of computers, keeps attracting more investors, looking for alternative ways to gain exposure to the crypto market. Based on data from analytics firm CB Insights, blockchain start-ups have managed to raise a...
Tether (USDT) FUD surrounding the stablecoin’s issuance could have a new chapter in the form of criminal charges, which would mark a major development in the US government’s crackdown on crypto. The...
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