As crypto adoption continues to grow globally, the Reserve Bank of India (RBI) has warned that cryptocurrencies have the potential to dollarize sections of the Indian economy, according to a report from PTI on Monday. The report detailed that top RBI officials, including Governor Shaktikanta Das, “clearly expressed their apprehensions about cryptocurrencies” at a briefing […]
Lucky Block (LBLOCK) is drawing closer to the launch date of its highly-anticipated jackpot draws in May. These draws will be much different from the other free-to-enter draws that take place regularly on the network. This would be Lucky Block’s first draw where rewards will go to charity and token holders. The jackpot also includes […]
Recent reports show that China accounts for 21% of the total global Bitcoin (BTC) hash power output despite an all-out ban on cryptocurrency operations in the country last year. The report from the Cambridge Bitcoin Electricity Consumption Index (CBECI) revealed that China was the second-largest Bitcoin hash power provider as of January this year after […]
After several accusations of not being transparent in its dealings, the Luna Foundation Guard (LFG) has provided a detailed explanation of the expenditure of assets under its custody. LFG is the organization responsible for securing the one dollar-peg of TerraUSD (UST), the algorithm-backed Stablecoin of the Terra ecosystem. The organization has acquired over 80,000 BTC, […]
After one of its worst weeks in history, the Cardano (ADA) community recorded some goodish momentum as a Cardano enthusiast on Twitter noted that the network recorded its highest weekly volume since the peak of the last bull market. The Twitter user noted that Cardano also recorded its “largest wick since March 2020.” That said, […]
Recent reports show that the Treasury Department of the UK, HM Treasury, will see through its plans to regulate payment Stablecoins undeterred by the recent market crash. The revelation came after Terra suffered a breakdown, which triggered a death spiral for its algorithmic Stablecoin UST and its native token LUNA. At press time, UST trades […]
While the crypto market seems like a no-go zone for the moment as most digital assets lose value, DeFi Coin (DEFC) has remained relatively stable. Some analysts prescribe that DEFC and its recently launched DeFi Swap decentralized exchange (DEX) are in an advantaged position to not only wither the bearish winter but deliver outsized returns […]
Over the week, top executives at the International Organization of Securities Commissions (IOSCO) convened to discuss cryptocurrency and crypto regulation. The IOSCO comprises global organizations responsible for regulating over 95% of the world’s financial markets and securities in over 130 jurisdictions. Explaining the urgent necessity for a global group to develop a crypto regulatory framework, […]
The official Terra Twitter account tweeted yesterday that the network blockchain had been halted as the team scrambled for solutions to their predicament. The Twitter handle noted: “The Terra blockchain was officially halted at a block height of 7603700. Terra validators have decided to halt the Terra chain to prevent governance attacks following severe $LUNA […]
