Crypto News in 60 Seconds
October 31, 2022
Stablecoins and Defi need to be regulated immediately, and the ECB won’t rule out a ban on bitcoin mining. A new European Central Bank (ECB) report, called “a deep dive into crypto financial risks,” calls for “proper” regulation and oversight of stable currencies and decentralized finance (challenge). It also addresses the hot topic of […]
June 18, 2022
Exploration surveys in Uganda claim to have discovered 31 million metric tonnes of gold. While gold is commonly thought to be a scarce commodity, Uganda said on Wednesday that fresh exploration studies show the region has around 31 million metric tonnes of gold ore waiting to be mined. Furthermore, a representative for Uganda’s Ministry […]
June 1, 2022
Why the Central African Republic wants to use Bitcoin in the future The Central African Republic’s (CAR) president, Faustin-Archange Touadéra, is advancing his ambitions to make bitcoin legal tender. It still is the case despite warnings from the International Monetary Fund (IMF), which has threatened to cut off fiat lifelines in retaliation to the […]
May 13, 2022
Terra Blockchain has temporarily halted block production and plans to restart the network with a patch. The Terra blockchain had stopped creating blocks around mid-afternoon Eastern Standard time at the time of publishing. According to the team’s Twitter account, the Terra blockchain was formally terminated at a block high of 7603700. Following significant $LUNA inflation […]
April 15, 2022
Terraform Labs obtained another $880M for Luna Foundation After obtaining a $1.1B donation in March, the Luna Foundation obtained another 880M LUNA tokens from Terraform Labs. Terra blockchain developer Terraform Labs or TFL has granted the Luna Foundation Guard 10M LUNA cost around $820M at recent prices. The Luna Foundation Guard or LFG is a […]
April 8, 2022
Treasury Secretary indicates a regulatory framework to address potential threats in digital asset markets Digital asset exchanges and other digital native mediators, should be accountable for reasonable aspects of supervision, said Janet Yellen. U.S Treasury Secretary Janet Yellen recorded stablecoins as one of the important policy problems in the digital asset space for controllers, nowadays […]
March 12, 2022
Do Kwon is the CEO as well as founder of Terraform Labs or TFL, which formulates the blockchain ecosystem including Terra Luna (LUNA) and the TerraUSD stablecoin (UST), declared that TFL had provided 12 million LUNA to the Luna Foundation Guard or LFG. In January, LFG was inaugurated to accumulate the Terra ecosystem and enhance […]
March 10, 2022
Paolo Ardoino, chief technology officer of Tether asserted that CBDCs would replace the old payment systems and utilize private blockchain as a new and reasonable tech infrastructure. Paolo Ardoino is the chief technology administrator of Tether and he speculates that the thriving improvements around Central Bank Digital Currencies, CBDCs worldwide wouldn’t effect the position of […]
October 7, 2021
The Federal Deposit Insurance Corp. (FDIC), a key U.S. banking regulator, is concentrating on whether certain stablecoins may be qualified for its coverage, five individuals acquainted with the agency’s reasoning said. The conversations are preliminary, and it’s not satisfactory what the schedule would be for settling on any policy choices or how such changes would […]
