Binance US Includes Staking Services For 7 Different Digital Assets
Proof-of-stake (PoS) cryptocurrencies like Binance Coin, Solana, Avalanche, Livepeer, Graph, Cosmos, and Audius can now give Binance US customers returns. Binance US announced on Twitter that the company is now among the many crypto exchanges that provide staking services. “Binance US has officially launched staking, enabling customers to do more with their money,” the company […]
Terra’s Anchor Protocol Plans To Shut Down After UST Crash
All operations on Anchor Protocol will reportedly be put to a halt except for withdrawal and deposit as the DeFi platform indicated that users have decided to limit its functions. Anchor Protocol, Terra’s largest DeFi platform, recently proposed freezing Anchor Earn and borrowing functions to protect it from attacks. Its community has finally voted on […]
Russian Parliament Introduces Bill To Ban Cryptocurrency As Payment Method
After passage into law in Russia, the bill would force DFA managers to hold off on any deals, which could mean that crypto could be used as a substitute for money. In recent months, Russian legislators have been working on legislation to fully institutionalize cryptocurrency as a properly taxable investment asset and potential tool for […]
IMF Proposes Eco-Friendly CBDCs And Mechanisms For Payment
The International Monetary Fund (IMF) urged central banks to include additional features in the CBDCs, such as compliance, greater resilience, and offline capabilities. An International Monetary Fund (IMF) study on energy consumption revealed the importance of crypto ecosystem design choices in creating an environmentally friendly mainstream payment system. The IMF examined the energy consumption of […]
Terra 2.0 Price Falls By 70% To A Record Low
The tank in Terra 2.0 comes as a result of the revival plan’s inability to attract investors and a drop in the crypto market. The price of Terra 2.0 (LUNA) fell to an all-time low of $3.34 on Wednesday, a drop of nearly 70% in a week. Market pressure, ongoing investigations into Terraform Labs and […]