Littio Enables Access to U.S Treasury Bills
Colombian Neobank Littio has teamed up with OpenTrade to provide local clients with interest-bearing USD accounts on the Avalanche blockchain. A press release states that Littio is concentrating on solving the problems of currency devaluation that Latin Americans encounter. Littio can provide savings choices with returns secured by US Treasury Bills by utilizing OpenTrade’s yield […]
Gate.io Invests $10m in TON to Boost Telegram Projects
The Open Network blockchain has seen a strategic investment from Gate.io, to collaborate to support initiatives built on Telegram. Gate.io Invests $10m in TON to Boost Telegram Projects On October 9th, Gate.io disclosed the TON blockchain’s $10 million strategic investment. The announcement came as the price of Toncoin, one of the cryptocurrencies, was having difficulty rising. […]
Crypto Giants Team up to Launch Real-Pegged Stablecoin
Foxbit, Bitso, and Mercado Bitcoin, Brazil’s leading cryptocurrency exchanges, launched BRL1, the first Brazilian Real stablecoin. On October 8, Mercado Bitcoin, Foxbit, and Bitso will introduce a stablecoin tethered to the Brazilian Real, called BRL1, according to Brazilian media site Valor. Ethereum and Polygon will host the Brazil stablecoin, which is scheduled for release later […]
Ethiopian Bitcoin Mining gets 600MW Boost
Ethiopia is quickly becoming a Bitcoin mining powerhouse, with 600MW of power used by local miners, and more is expected this year. According to Ethan Vera, the co-founder and COO of Luxor Mining, who cited data from Ethiopian Electric Power in an X thread, the country’s Bitcoin mining sector is growing, and at this point, […]
Paxos Launches Yield-Bearing Stablecoin on Arbitrum
The yield-bearing stablecoin Lift Dollar from Paxos International has been introduced on the Ethereum layer-2 network Arbitrum. On October 9, the Financial Services Regulatory Authority of Abu Dhabi stated that Lift Dollar (USDL) would expand to Arbitrum. Lift Dollar is a subsidiary of Paxos based in the United Arab Emirates. Only a few weeks have […]