South African Rand Plunges to New 2023 Low Versus the US Dollar
Just a few weeks after tapping its best exchange rate versus the greenback in 2023, the South African rand fell to a new 2023 low of 18.636 local currency units…
Biggest Crypto Gainers Today, March 12- SHIB, STX, LHINU, FGHT, CCHG, METRO, TARO
The crypto market is up 0.66% in the last 24 hours to $950.63 billion. However, while the increase is significant, the general market sentiment is Go to Source
How and why do stablecoins depeg?
Discover the causes and mechanisms behind stablecoin depegging. Stablecoins are a type of cryptocurrency designed to have a stable value relative to a specific asset or a basket of assets,…
South Korea launches ‘Metaverse Fund’ to expedite domestic initiatives
With the help of the Metaverse Fund, South Korea will support the mergers and acquisitions of various firms from the metaverse ecosystem. While some global economies got distracted by the…
Best Crypto Altcoins to Buy in March 2023 – Huge Potential
Although it may seem like a bad time to get into the crypto space, smart investors take advantage of this opportunity to accumulate potential coins. Go to Source
There’s no need to panic about the USDC depegging
Because of worries over the impending destabilization of USDC, a stablecoin backed by US dollars, the cryptocurrency sector is currently in a state of worry. Go to Source
Over 100 VCs, investors voice solidarity with Silicon Valley Bank
Approximately 125 VCs and investors signed a statement supporting Silicon Valley Bank to limit the fallout of the bank’s collapse and the subsequent impact on tech companies. As the 40-year-old…
Revised Bill Suggests Prison Time for Russian Crypto Miners Evading Taxation
A draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets to the state. In its latest revision, the bill also…
Nigerian Central Bank Unveils Open Banking Guidelines
The Nigerian central bank recently said it had issued operational guidelines for open banking in Nigeria which are expected to enhance efficiency and access to financial services. According to the…
Cryptocurrency Turnover Growing in Russia, Watchdog Reports to Putin
Use of cryptocurrencies is increasing in Russia, the head of the country’s financial watchdog has informed President Putin. The agency, Rosfinmonitoring, is following thousands of participants in digital asset transactions…
Aavegotchi’s bonding curve closes precisely on the day DAI depreciates
On March 11, the organization completed the bonding curve setting the exchange rate between its namesake (GHST) and the DAI (DAI) U.S. dollar-pegged stablecoin, in Go to Source
Arthur Hayes, co-founder of BitMEX, suggests a stablecoin based on Bitcoin
Stablecoins are being scrutinized by US regulators more and more, but the community keeps coming up with new suggestions for stablecoins that are not tied Go to Source
Circle finally assures investors that it will support USDC
The company that issuing USDC stablecoins, Circle, has stated that it will “fill any shortfall” brought on by the $3.3 billion in its funds that Go to Source
Bill Ackman warns US gov’t: Fix mistake in ‘48 hours’ or face ‘destruction’
Billionaire Bill Ackman said that SVB’s senior management made a “basic mistake” but should be fired. Billionaire Bill Ackman has urged the United States government to “guarantee” all deposits held…
Do Kwon had the right idea, banks are risk to fiat-backed stablecoins: CZ
Given Silicon Valley Bank’s direct involvement in destabilizing USDC prices, CZ blamed banks for increasing the risks of stablecoins. The death spiral of the Terra (LUNA) and TerraUSD (UST) ecosystem…