Rune Christensen Suggests Selling off $3.5 Billion in USDC Reserves
Vitalik Buterin, who is bullish on Ethereum, branded the suggestion made by Rune Christensen a “bad idea.” Recently, Rune Christensen, a co-founder of MakerDAO, suggested eliminating all USDC from the DAI stablecoin’s peg-stability module. He advised that the $3.5 billion of USDC contained inside be utilized to purchase ETH instead. Even though such a transfer […]
Analyst Predicts Bitcoin Price Could Hit $100,000 By 2023
When compared to the current Bitcoin Price, other cryptocurrencies are doing quite well. An analyst who goes by the InvestAnswers host tells his 443,000 YouTube subscribers that 94% of the altcoins have surpassed the dominant currency according to the Bitcoin price Dominance chart. However, the expert is still optimistic that the value of bitcoin will […]
South Korea’s FSC wants to evaluate crypto draft legislation – Report
The head of South Korea’s Financial Services Commission (FSC) said that the body intends to speed up its evaluation of 13 digital asset-related laws that are up for debate in the National Assembly of the nation. South Korean news site Edaily reported on Thursday that Financial Services Commission (FSC) chair Kim Joo-hyun stated that a […]
dYdX confirms incorrectly blocking user accounts linked to Tornado Cash
Crypto derivatives platform dYdX said that it incorrectly suspended and barred some users who had never directly interacted with Tornado mixer. The derivatives platform suspended some accounts after the Office of Foreign Assets Control of the US Treasury Department added Tornado Cash to its list of Specially Designated Nationals (SDNs), according to a blog post […]
Cryptocurrency Market Cap Reaches Its Peak
After the total market value plummeted below $1 trillion, a long cry from the previously recorded $3 trillion, the cryptocurrency markets are presently performing in ways that have not been witnessed in the preceding two months. The current value of the global cryptocurrency market is $1.16 trillion. Several currencies’ trends, particularly those during the last […]