Huobi Amongst Other Crypto Exchange Lists PayPal USD
Following its launch 24 hours ago, the Paxos-issued PayPal USD (PYUSD) stablecoin has received advertisements from various crypto exchanges. Today, the Huobi exchange announced it would list the Stablecoin. The crypto exchange Huobi announced on August 8 that it would list the stablecoin PayPal USD (PYUSD), becoming the first exchange to proclaim support. The initial […]
DeFi Markets Faces Turmoil Due to Tether (USDT) Imbalance
Recent Kaiko reports have emphasized the DeFi industry faces a significant imbalance in the Tether (USDT) stablecoin on platforms such as Curve and Uniswap. As a result of the Curve exploits, which jolted the DeFi industry and led to the return of more than 70 percent of the missing funds, a precarious situation has developed. […]
Binance, Other Exchanges To Delist Terra Luna Classic
Digital asset infrastructure provider Fireblocks has announced that it will no longer support Terra Luna Classic (LUNC), warning that centralization and bad decision-making may also cause Binance and other crypto exchanges to delist LUNC. In a blog post dated August 8, LUNC DAO disclosed that several digital asset infrastructure providers, including Fireblocks, are discontinuing support […]
CoinGecko Launches Index for Cryptos Under SEC Securities Category
CoinGecko has introduced a new index that tracks the largest crypto tokens the U.S. Securities and Exchange Commission views as potential securities. About $85B worth of crypto falls under this category. The “Top Alleged Securities Coins” page sorts the crypto assets according to their market capitalization, with BNB at the top of the list, followed […]
Red Cross Singapore Starts Accepting Crypto Donations
Cryptocurrency adoption continues to grow as the Singapore Red Cross Society now accepts digital currency as donations. The organization will accept Bitcoin, Ether, Tether, and USD Coin donations. On August 7, Singapore Red Cross announced a partnership with Triple-A, the first crypto payment gateway licensed by the Monetary Authority of Singapore, to facilitate anonymous cryptocurrency […]