USDC Influence: Crypto Lender Maker Turns to Staked Ether
This is part of a move away from crypto products like stablecoins that are controlled by a few people. Maker, the world’s largest decentralized-finance (DeFi) app, doubled the debt limit of its staked ether (stETH) vault this week. It did this to reduce its reliance on centralized stablecoins after Centre, the issuer of USD coin […]
Linux Foundation Set To ‘Work’ Digital Wallet Interoperability
The OpenWallet Foundation will work with a group of companies and non-profits to build an open-source software engine for making digital wallets. The Linux Foundation, a nonprofit that helps make open-source software, wants to start the OpenWallet Foundation (OWF), which will be a group of people working together to encourage the creation of digital wallets […]
Tornado Cash: How Americans Can Recover Lost Crypto
Last month, Tornado Cash was added to the Treasury’s blacklist of banned items . The Treasury Department said Tuesday that people who live in the United States and have money locked up in Tornado Cash can apply for a license to get their money back.The U.S. Treasury Department’s sanctions watchdog, the Office of Foreign Asset […]
Synquote Raises $2.8M From Initialized, Polygon
The company will try to add more tokens that don’t usually have markets for trading derivatives contracts to its platform. Synquote, a company that makes a platform for trading derivatives contracts in tokens that don’t usually have such markets, just closed a $2.8 million seed funding round. The round was led by Initialized Capital. Synquote, […]
Crypto Paths Gets Tougher After US CPI Report Comes in Hot
The Federal Reserve is having to play a game of Whac-A-Mole to keep crypto prices from going up. This could mean that monetary policy will be more aggressive for a longer time. This could hurt the prices of risky assets like stocks and cryptocurrencies. Risk assets, like crypto, may now have a harder time getting […]