MercadoLibre Announces Its own Crypto ‘MercadoCoin’ in Brazil.
Mercadolibre has made investments in Bitcoin and cryptocurrency businesses. It will now have Mercadocoin as its own cryptocurrency. The launch of a new cryptocurrency dubbed MercadoCoin , which will be integrated into its loyalty program, was announced by MercadoLibre Inc., a global e-commerce firm with headquarters in Latin America, on August 18. According to Reuters, […]
Despite Liquidity Problems, HUSD Stablecoin Returns to $1 Peg
The HUSD team said that the de-peg happened because a market maker account was closed, which made it hard to get money. Stable Universal’s HUSD stablecoin, which dropped by 8% on Thursday, is now back to being worth $1. Friday, HUSD said in a tweet that the drop in value was due to the closing […]
Cross Chain Aggregation Is The Future of DeFi
Price and volume are two separate parts of any successful trade. When the market is volatile, everyone tends to focus on the first factor, which is Cross Chain Aggregation price. This number is easy to find and make sense of. But it’s mostly just a guess without knowing how much is behind that price. As […]
Ripple: Crypto On-Demand Liquidity Service launches in Brazil
Ripple is launching the product with the help of the digital bank Travelex. At first, transactions can be made between Brazil and Mexico. Ripple announced Thursday that it and Travelex Bank had launched their “crypto on-demand liquidity” (ODL) service in Brazil. The ODL from the digital payment company speeds up the transfer and exchange of […]
Crypto Lender Hodlnaut Faces Singapore Police ‘Sanctions’
Crypto Lender Hodlnaut, which is the latest in the crypto world to freeze withdrawals, said it is working with authorities on “proceedings.” In a blog post on Friday, the Singaporean crypto lender Hodlnaut said that it was laying off many people and that “police proceedings” were pending. This showed how bad things were financially and […]