As the UK is shifting towards stablecoin regulation, crypto companies are trooping into the region. Recently, the country’s Ministry of Finance released plans to permit the usage of stablecoins for payment. Meanwhile, the popular stablecoin issuer, Tether, has taken a step to position itself in the UK. The company has expanded its stablecoins by releasing…
Babel Finance has been able to address some of its closest liquidity problems. The Hong Kong-based crypto lender reached a debt settlement deal with some counterparties it has. Necessary Deals Across Every Table It was initially reported that the firm temporarily suspended redemption and withdrawals. The event which took place on the 17th of June…
Last year, Israel’s central bank carried out a CBDC research to embrace the digital economy. The research for the digital Shekel lasted for over a year. However, the Bank of Israel (BOI) is not ready to issue the digital Shekel. Meanwhile, the BOI has stated that the supervision of smart contracts should be under its…
Cryptocurrencies such as BTC and ETH are gaining widespread popularity and adoption. They are becoming an alternative to conventional financial assets. As a result, nations are taking steps to govern and tax the nascent asset class. Also, it has revealed penalties for those who evade crypto tax payments. In the US, the agency tasked with…
According to new proposals to existing Brazilian law, crypto payment may become legal soon. Also, the amendment will protect the private keys of crypto users from court orders. As a result, a court can not give orders to seize the key of a crypto wallet. However, it has the power to order exchanges to freeze…
Bears at the Helm The general crypto market saw a brief rally early this week. But the market has, once again, lost the steam of momentum. Ethereum, the second-ranking crypto asset has consequently dropped by 6% early Thursday. The coin has fallen again closer to $1,800. This reveals that bears are still firmly in control…
Justin Sun, the founder of the Tron blockchain project, recently introduced a new stablecoin product called USDD. The algorithmic stablecoin project will be pegged to the value of the Tron native token called TRX. Sun has introduced stablecoin as a decentralized project of Tron. Sun is the former CEO of Tron blockchain, who is also…
The Ethereum network is one of the largest cryptocurrency projects rallying on the global leaderboard. However, the wide use of the network has also plagued it with issues like massive gas fees and transaction speed breaks. Under these circumstances, projects like Solana and Polkadot have started to gain more traction among investors as Ethereum alternatives….
According to a review of the cryptocurrency industry in 2021, cryptocurrency research company, Arcane Research, predicts that layer-1 platforms would keep surpassing Ethereum in 2022. Aside from layer-1s vs. ETH, the firm’s last report for 2021 included BTC vs. the S&P 500, DeFi, the NFTs marketplace, the forecast for Cardano and XRP, meme coin frenzy…
There is emergent evidence to advise that Ether will try to follow through its own ‘flippening’ promises in the next long periods. The wallet that includes Ethereum (Etc), which is quickly becoming a free program, has been existing for quite some time. In any event, in perhaps the most recent couple of months, this idea…
Ethereum saw its to-date best value i.e. US$ 4,040 in November only to witness a 20% decline in value in recent times. It has now moved into the price range of US$ 4,163 i.e. the present market value. Today was quite the start for Ethereum which went into Saturday with the value of US$ 4,008….
After yesterday’s correction, crypto-assets require a revisit to their Friday peaks to avoid selling momentum today. Ethereum Ethereum (ETH) declined by 1.14 yesterday. That way, it partially reversed Thursday’s 1.94% surge to end the day near $4,667. However, mixed actions earlier on had ETH rising to a morning peak of $4,809 before reversing. Encountering the…
