Our stablecoin is now backed in part by non-US Government bonds- Tether
Tether, the issuer of the stablecoin, has claimed that its stablecoin is partially backed by non-US Government bonds. In its recent “attestation” report, the company equally said its holdings of U.S. Treasurys grew from 13% to $39.2 billion in the 2022 first quarter. For the amount of commercial paper, Tether fell from 17% to $20.1 […]
ARIANEE secures $21 million to ownership NFTs using physical luxury goods
Arianee, an NFT company in France, has secured $21 million in funding during a series A round led by Tiger Global. With the amount, the company is set to partner with Sandbox on a project to boost customer relationship management (CRM) on the Metaverse. Arianee’s Ethereum NFTs have gone through testing and acquisition by several […]
LUNA CRASHES FROM $100 to below $1
Today is a sad and tumultuous day for cryptocurrency investors, and enthusiasts as the price of the LUNA coin hits the slopes. Concurrently, the LUNA cryptocurrency has been losing a greater part of its value this week. On Tuesday, 50% of its value was lost. Today, the second arrow hit deeper. Over 90% has been […]
Binance gets the first European Regulatory approval in France.
Binance, a Cryptocurrency exchange, has achieved a prominent milestone as the first trading platform to be registered in France. The company, which is the largest cryptocurrency exchange globally by trading volume, has been approved by the French regulators to operate its digital asset trading platform in the nation. It was officially reported on May 4, […]
Bored Ape Instagram hack cost NFT owners $3 million
The founders of Bored Ape said that its Instagram account has been hacked. And hackers are now posting fraudulent links to lure people to phishing sites. Hackers have stolen about US$3 million of the globe’s most popular NFTs after accessing the Instagram account owned by the BAYC (Bored Ape Yacht Club collection. The hackers have […]
North Korean hackers stole over $600 million in Crypto in a single hack- FBI.
On Thursday, the FBI said North Korean hackers stole over $600 million in Crypto in a single hack. The FBI blamed hackers linked with the North Korean government for stealing over $600 million in Crypto in March from a video gaming firm. For the FBI, this is the latest in a series of audacious hacks and cyber heists associated […]
The UK recognizes stablecoin as a valid means of payment
On Monday, the UK government recognized stablecoin as a valid means of payment in the country. The country is now closer to permitting stablecoin to be used as a means of payment after releasing plans for its regulation. The UK Treasury revealed that stablecoins would be used within regulation, indicating that it’ll be recognized as […]
Three crypto predictions for 2022
Cryptocurrency is fast changing the world as we know it. More and more countries are beginning to accept Bitcoin, crypto’s biggest currency as legal tender. Opportunities in the crypto market are beginning to increase exponentially. As with other markets, there are certain trends that should be expected of the crypto market. In this short piece, […]
Libra official remains optimistic despite regulatory hurdles, says the cryptocurrency will benefit Europe
A Libra Association executive says it’s still hoping for a 2020 rollout for the digital currency, despite regulatory obstacles and mounting criticism from officials, according to Politico. Facebook’s plans for Libra have faced a nearly constant barrage of criticism and new setbacks from regulators. Officials have expressed concern that it could undermine official currencies, impact global […]