The virtual currency, which employees have reportedly dubbed ‘Zuck Bucks’, will be aimed at use in the metaverse. Social media giant Facebook’s parent company Meta is reportedly planning to introduce virtual currency named after CEO Mark Zuckerberg as well as lending services to apps it owns, which may include Facebook, WhatsApp, Instagram, and Messenger. According…
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Waves founder Sasha Ivanov says Alameda Research is behind the ongoing WAVES price decline. Neutrino Dollar (USDN), a stablecoin issued through Waves-backed Neutrino protocol, lost its U.S. dollar-peg on April 4 amid speculations that it could become “insolvent” in the future. USDN plunges 15% despite WAVES backing USDN dropped to as low as $0.822 on…
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AAVE price broke from its long-term downtrend after the launch of Aave v3 added support for six different blockchain networks in the DeFi space. The decentralized finance (DeFi) market has been undergoing a period of maturation over the past year and many of last year’s fast risers have faded into obscurity but this does not…
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New Jersey’s move is just the latest in a series of orders and complaints against crypto-based interest-bearing account issuers in the United States. The New Jersey Bureau of Securities has issued a cease and desist order against Voyager Digital for selling unregistered securities through its Voyager Earn program. Voyager Digital (VGX) is a centralized, crypto-based…
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THORChain reveals plans to launch Terra’s UST-like native stablecoin and “Thorfi.” THORChain (RUNE) could continue its upward momentum in the coming weeks even as it treads inside a classic bearish reversal structure. RUNE’s price has rebounded strongly by over 165% four weeks after testing its multi-month horizontal level support near $3.15. What’s more, its upside…
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In mid-March, the top five blockchains — in terms of total value locked (TVL) in decentralized finance (defi) — currently command more than 82% of the $198 billion TVL in defi across all blockchains. Each of these chains offers different types of defi protocols like decentralized exchange (dex) platforms and lending applications, allowing people to…
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The decision by Crypto.com comes just within a month of BlockFi’s $100 million penalties for its lending products, as many speculate regulatory clampdown could be the potential reason behind the decision. Crypto.com is reportedly giving users from countries restricted from its loan program until March 15 to repay their crypto loans. The firm updated the list…
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A state-owned bank in El Salvador has reportedly handed out a crypto firm a loan of over USD 1.5m – accepting 200 bitcoin (BTC) ATMs as collateral. The development was reported by El Diario de Hoy’s ElSalvador.com, which wrote that it had obtained access to documents proving that the Banco Hipotecario de El Salvador…
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“Reforming the face of finance” is crypto’s primary sales pitch, but the sector needs to offer a few basic components before being welcomed into the arms of the traditional finance sector. In the past year, we’ve seen the crypto economy undergo exponential expansion as heaps of money poured into various cryptocurrencies, decentralized finance (DeFi), nonfungible…
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The US Securities and Exchange Commission (SEC) Chairman Gary Gensler has suggested that crypto exchanges and lending platforms should voluntarily work with the agency under existing securities laws…. Read More: SEC’s Gensler Wants Crypto Exchanges, Lending Platforms to ‘Come and Work with’ Regulators Read more »Pay, Trade, Buy Bitcoin with Credit Card
