Gold-Backed Tokens On Crypto World
Most of the gold-backed tokens exist as ERC-20 standard tokens. More than 3.5 trillion dollars of PAXG gold is utilized for financial purposes. Modern gold-backed tokens ( commodity collateralized stablecoins)…
European Union planning to Start Testing a CBDC in 2023 ~ ECB Executive Says
Last week a respected stablecoin collapsed in days, destroying a whole crypto ecosystem. Fabio Panetta, from the ECB believes CBDCs fix this. With the crash of TerraUSD —the largest algorithmic…
Japan’s Largest Investment Bank started Institutions designated Crypto Unit
Nomura considered its expansion into crypto services as a reasonable move in a time of decades-high inflation. Only days after launching its first-ever Over-the-Counter Bitcoin derivatives to institutional clients, Japan’s…
Global Watchdogs to Regulate Stablecoins
The collapse of TerraUSD (UST), which wreaked havoc on the crypto market, has forced global regulators into taking steps to regulate stablecoins. The catastrophic failure of Terra’s algorithmic stablecoin, TerraUSD…
FTX Receives $24.5M Worth ETH From An Anonymous Wallet
ETH Miner Revenue dropped to its 9-month low of $1.03M USD on Tuesday. ETH reached its 90-Day low at $1,748 USD on May 12.Ethereum continues to trade in its red…
Polygon CEO to Support Terra Projects For Migration to Polygon
Polygon PoS chains are available for Terra community initiatives as per Sandeep Nainwal. Talk of Terra’s recent downfall has been a topic of conversation.The crypto market has been rocked by…
Luna Foundation Guard end the Silence: Disclose How Much Was Spent to Defend UST’s Peg
The Luna Foundation Guard revealed how much they spent in their failed attempt to defend the UST peg. The Luna Foundation Guard (LFG) finally broke the silence and revealed exactly…
El Salvador Invites Over 40 Central Banks for International Event on Bitcoin
It will be one of the largest events of government officials on bitcoin — an issue they have been mostly shying awayAfter buying the dip and adding 500 BTCs to…
Portugal to start Taxing Crypto assets ~ Finance Minister
The finance minister plans to fill the gaps created by cryptocurrencies within the tax system – for capital gains, VAT, and other purposes.Portugal’s Finance Minister Fernando Medina has confirmed plans…
FTX is of the opinion that Bitcoin as a Payments Network
The most popular cryptocurrency uses a lot of energy. The number of machines involved in Bitcoin mining has constantly increased. According to FTX CEO Sam Bankman-Fried, Bitcoin is not an…