SEC’s Peirce Says Stablecoins Regulations Must Embrace Trial And Error
Hester Peirce has stated that there must be room for trial-and-error and failure in the stablecoins regulatory movement. Commissioner Hester Peirce, also known as the Securities and Exchange Commission’s (SEC) “crypto mom,” has endorsed a regulatory framework for stablecoins that allows for “failure.” On May 12, Peirce, who has long been an advocate for cryptocurrency, […]
Aurora Raises $90 Million Fund To Finance DeFi Apps On Near Protocol
Aurora, a Near protocol EVM scaling mechanism, has teamed up with Proximity Labs to raise $90 million in a token fund to attract new developers. Aurora, an Ethereum Virtual Machine (EVM) designed to scale decentralized applications (DApps ) built on the Near protocol, has launched a $90 million token fund. The fund, which was launched […]
TRX Prices Increase By 7% After Tron Buys It At Discount
TRON leveraged the fall in the price of USDT by 100 million Tether to protect TRX in the volatile market. TRON Founder Justin Sun recently announced a $2 billion reserve to protect its native token TRX in the aftermath of Terra’s historic crash. Every cryptocurrency is attempting to hold its ground amid the current market […]
Terraform Labs Proposes Emergency Measures Support LUNA And UST
Terraform Labs plans to be pivotal in re-pegging the UST to the US dollar. Terraform Labs announced on Thursday three new emergency measures to save the LUNA and UST stablecoins. To protect against network governance attacks, the company has proposed burning all UST in the community pool, burning the remaining 371 million UST cross-chain on […]
Russia’s Bitriver Mulls To Challenge US Sanctions
Bitriver insists they aren’t helping Russia circumvent international sanctions. Bitriver, a leading Russian mining company, is considering suing the US Treasury Department, which recently designated the Swiss-registered company and several affiliated entities in a new round of sanctions against Russian businesses and individuals. The new sanctions imposed in response to the Ukraine war specifically targeted […]