Aave Supporters Approve Of Lending Freeze
Members of the Ethereum community voted on Monday to freeze 17 assets in the Ethereum liquidity pool. This is to lower risk in the DeFi protocol before the network is upgraded to v3. Decentralized finance (DeFi) protocol Aave has stopped people from borrowing and lending assets from its Ethereum liquidity pool. This is in response […]
Market volatility and redemptions destabilize major stablecoins
Almost all significant stablecoins lost their dollar pegs after the FTX scandal, but most have gained them again as markets have stabilized. Stablecoins have been affected by this week’s significant market volatility, which was brought on by the failure of the FTX exchange, with many of them momentarily de-pegging. The fall in cryptocurrency prices this […]
Canada will study crypto, stablecoins, and CBDCs in new budget
In order to start the consultation, the government of Canada cited its worries about the potential threats that digital assets and the digitization of money may pose to its financial system. According to its new mini-budget, the federal government of Canada will soon begin a consultation on cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs). […]
MakerDAO Co-founder Dies At 29 In Puerto Rico
Mushegian was an important figure in the crypto community, contributing to multiple projects, such as MakerDAO, BitShares and Balancer. The local newspaper El Nuevo Día stated that Mushegian drowned after being pulled by water currents to the Condado beach in San Juan. By the time his body was saved, Mushegian showed no indications of life.Considered […]
FTX CEO Confirms “Stablecoin” Plans
Sam Bankman-Fried, CEO of Crypto exchange FTX, aims to develop the company’s own stablecoin to increase user numbers. Crypto exchange FTX is creating its own stablecoin, CEO Sam Bankman-Fried confirms in an interview with The Big Whale, He declined the possibility of buying Robinhood as well. In addition, SBF disclosed its intentions for the downturn, […]