Argentina’s province to issue US dollar-pegged stablecoin
San Luis, a province of Argentina, has approved a bill allowing it to issue a blockchain-based, dollar-pegged stablecoin. A law permitting the creation of its own stablecoin tied to the dollar was enacted by the Argentine province of San Luis. The “Activo Digital San Luis de Ahorro” token, which will be made available to all […]
Silvergate faces class-action lawsuit over FTX, Alameda dealings
The suit is looking to hold Silvergate accountable for its alleged roles in transferring FTX user deposits to Alameda bank accounts. Concerning funds held by troubled cryptocurrency firms FTX and Alameda Research, a class action complaint was filed at the California Southern District Court against Silvergate Bank, Silvergate Capital Corporation, and Silvergate CEO Alan Lane. […]
Binance auditor Mazars suspends proof-of-reserves services
Binance announced its auditor Mazars has suspended its services, including proof-of-reserves for other cryptocurrency exchanges. According to the company’s official website, Mazars Veritas, a division devoted to auditing cryptocurrency exchanges, has been completely stopped. The tool was created by Mazars utilizing the Silver Sixpence Merkle Tree Generating tool to supplement proof-of-reserve reports in order to […]
Web3 community shares tips for a successful GameFi project
Members of the Web3 community offer their opinions on GameFi, From creating e-sports competitions with huge prize pools they have made game tokens more relevant to holders. Community members gave their opinions on the qualities they believe a mature GameFi project should possess in order to be successful as the GameFi space continues its mission […]
Amber Group raises $300M in series C funding after FTX contagion
The new funding from Fenbushi aims to help Amber address some of the “significant drawdowns” as an aftermath of the FTX default. Fenbushi Capital US, a venture capital firm specializing in blockchain technology, led a new $300 million Series C investment round for Amber, the business announced on Twitter on December 15. Due to FTX’s […]