Terra Proposal Seeks to Expand UST Stablecoin to 5 Different Defi Protocols

On January 6, Terra Research announced a proposal to expand the network’s stablecoin asset terrausd (UST) across a number of different protocols on Polygon, Ethereum, and Solana. Terra’s governance blog post discusses how the proposal to leverage $139 million of UST can bolster “awesome use-cases” in the world of decentralized finance (defi). Terra Research Proposes to Expand Terrausd’s Reach Across 5 Protocols At the time of writing, Terra’s terrausd (UST) stablecoin is the fourth-largest U.S. dollar-pegged token among all the stablecoins in existence. It is also the largest decentralized algorithmic

NFT-Collateralizing South African Startup Raises $5 Million in Latest Seed Round

A South African startup, NFTfi, is reported to have recently raised $5 million which the company intends to use for boosting its business of collateralizing non-fungible tokens (NFTs). Cryptocurrency Loan Marketplace According to a Techcrunch report, NFTfi’s $5 million capital raise was led by U.S. actor Ashton Kutcher’s Sound Ventures. The other investors that participated in the funding round include Maven 11, Scalar Capital, and Kleiner Perkins. The company, which was founded by Stephen Young in February 2020, already acts as a marketplace where users can get a cryptocurrency loan

Crypto Investor News for 11/17

Staples Center to be Renamed Crypto.com Arena (BBC): The tipping point has arrived. Investor takeaway: Expect everyone you know to suddenly become interested in crypto investing. We’ve gone mainstream. How India is Regulating Crypto (Economic Times): India will ban crypto for payments, ban crypto advertising, and allow crypto as investments. Investor takeaway: Overall positive news for us, as it gives a government stamp of approval on crypto investing. Thank you to India for taking the lead on thoughtful regulation. ConsenSys is Now Worth $3.2 Billion (ConsenSys): Celebrating its latest funding

Israel Beefing Up Crypto and Money Laundering Regulations

Israel’s Authority for Combating Terror Financing and Money Laundering has announced a tightening of regulations applying to the crypto and Fintech sectors.Sponsored Sponsored Israel is upping the ante in its fight against cryptocurrency crime. The Authority for Combating Terror Financing and Money Laundering announced via the authority director that new regulations have come into effect to combat criminal activity and normalize the use of cryptocurrency and other FinTech products. According to authority director Shlomit Wegman, the application of these regulations will help to establish order and clear standards.  The regulations

Bitcoin Taproot Upgrade: eine “unbedeutende Verbesserung”?

Analysten haben das Bitcoin-Taproot-Upgrade als “geringfügige Verbesserung einer veralteten Technologie” kritisiert.Gesponsert Gesponsert Taproot ging am 13. November in Betrieb und ist laut Befürwortern das erste “große” Bitcoin Core Upgrade seit 2017. Mit dem Update sollen Transaktionen billiger, schneller, sicherer und privater werden. Außerdem wird Taproot die Funktionalität von Smart Contracts innerhalb des Netzwerks verbessern. “Das Upgrade ist ein Schritt in die richtige Richtung”, meint der CTO von TrustToken, Betreiber von TrueFi und des Stablecoins TUSD. “Aber es ändert nichts an der Tatsache, dass Bitcoin technologisch weit hinter anderen Blockchains zurückliegt.”

Krypto News: Bitcoin, Ethereum, Cardano, Solana crashen nach China FUD

Heute sind die meisten Altcoins zusammen mit dem Bitcoin Kurs eingestürzt. Was sind die Gründe für den Crash? Sehen wir bald eine Erholung?Gesponsert Gesponsert Laut Coingecko sind die Kurse fast aller Top 100 Krypto-Währungen wie z.B. der Cardano, Solana und auch Ethereum Kurs zusammen mit dem Bitcoin Kurs ca. 10% gefallen. Der XRP, Polkadot, Dogecoin und Shiba Inu Coin – die nächstgrößten Kryptowährungen (gemessen an der Marktkapitalisierung) sind, um 9,8%, 13,2%, 9,1% und 9,8% gefallen. Werden die Kurse der Coins weiter fallen? Was sind die Gründe für den Crash? Top

Bitcoin price drops nearly 10% in 24 hours, dips below $60,000

Quick Take The price of bitcoin has declined nearly 10% in the last 24 hours. It fell below $59,000 but has since rebounded slightly. advertisement The price of bitcoin has declined nearly 10% in the last 24 hours, dipping significantly below $60,000 before bouncing back. The drop seems to be triggered by the infrastructure bill signed by U.S. President Joe Biden yesterday, Darius Sit, co-founder of crypto trading firm QCP Capital told The Block. The bill includes tax reporting provisions that require crypto exchanges to report information to both the

‘Big Short’ Investor Michael Burry Says ‘I’ve Never Shorted Any Cryptocurrency’ — Warns of the Biggest Bubble

Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says that he has never shorted any cryptocurrency. He further warned that the current bubble is the biggest one. Michael Burry on Bubbles and Shorting Cryptocurrencies Famous investor and founder of private investment firm Scion Asset Management, Michael Burry, has confirmed on Twitter that he has never shorted cryptocurrency. Burry is best known for being the first investor to foresee and profit from the U.S. subprime mortgage crisis that occurred between 2007 and 2010. He is profiled in

U.S. Treasury Department & Israel Form Joint Venture to Combat Cyber Crime

The U.S. and Israel join forces to combat the growing threat of ransomware attacks that often leave fiscal destruction in their wake for the affected victims.Sponsored Sponsored The U.S. Treasury Department is joining forces with Israel to combat the threat of ransomware. The U.S. Deputy Treasury Secretary met with two Israeli officials, the Minister of Finance and the National Cyber Directorate Director-General, to formalize the joint venture launch. The venture seeks to oversee “the development of risk mitigation tools for law enforcement to enhance the efficiency of analytical and enforcement