Key Takeaways BlockFi lost over US$285,000,000 in the last two years of the bull market. Out of the total loss, $221 million was lost during the 2021 bull run when Bitcoin price reached up to $69k. BlockFi was also among…
Key Takeaways According to the proposal, If SOL drops to $22.30, the whale’s account could be liquidated for up to 20% of their borrowings (around $21M). Solend states that the intent is to allow the liquidation to be handled gracefully…
Key Takeaways BIS Innovation Hub will expand its portfolio in the areas of green finance and supervisory and regulatory technology. According to the press release, the crypto market intelligence platform will create an open-source market intelligence platform to shed light…
Key Takeaways Under the influence of attack, tether.io witnessed 8M reqs/5min compared to its usual 2k reqs The attack is currently mitigated, informed Tether’s CTO. Tether’s CTO Paolo Ardoino confirmed the leading cryptocurrency, Tether, has come under a DDOS attack.…
Key Takeaways The Bank of Jamaica Governor Richard Byles said that the bank is at a point where they are ready to “proceed with JAM-DEX’. Jam-Dex has been in a pilot testing phase since August 2021 and was made legal…
Key Takeaways The letter states that Digital assets, and their related mining activities, are crucial to the economic future of the U.S. According to the letter, preferring one technology over another, including proof-of-work versus proof-of-stake, can stifle innovation, erode future…
Key Takeaways BACC wrote a letter to NPCI requesting a meeting to discuss and understand concerns around crypto trade in India Earlier in April, NPCI has clarified that it is not aware of any crypto exchange using UPI The Blockchain…
Key Takeaways According to the report, stablecoins not backed by safe and sufficiently liquid assets and not subject to appropriate regulatory standards create risks to investors. Stablecoins, popularly used as collateral for leverage trading, could potentially “amplify market volatility” and…
Key Takeaways: The pilot project seek to build cooperation between the crypto exchanges and the local banks in the country. The project is aimed at crypto exchanges in the special economic zone of Astana International Finance Centre. In May, Binance…
Key Takeaways Euro Coin by Circle will be made available from June 30 and is issued under the same full-reserve model of USDC. Euro Coin is fully backed by euro-denominated reserves held in the custody of major financial institutions within…
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