ETH Merge Could Affect DeFi And Stablecoins – DappRadar
Since the news of the Ethereum Merge slated for September, several DeFi protocols and platforms have shown support for the…
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Correlation Between Equity And Crypto Market Rising In Asia – IMF
According to new data, there has been an increase of 10-fold in the correlations between stock and BTC in certain…
Bitcoin
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Brazil
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MercadoLibre Introduces MercadoCoin In Brazil
On Thursday, MercadoLibre, a Latin America-based e-commerce firm, announced the launch of its token, the MercadoCoin. The company would use…
AFL’s First NFT Edition Sold Out In Less Than 12 Hours
On August 17th, the AFL’s (Australian Football League) first limited NFT edition sold out within 12 hours after it was…
Australian Exchange Firm Working On Tokenized Asset Trading
An Australian-based digital asset platform has successfully conducted a proof-of-concept trial. Hence, firms on the ASX (Australian Securities Exchange) would…
Acala Network Loses Over 1.2B aUSD In Recent Hack
According to reports, Acala Network is the latest DeFi platform to suffer an exploit from hackers. Hackers have breached the…
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Taxes
US Senators Propose Tax-Free Bill For Small Crypto Purchases
Two Senators in the US have released a new crypto tax bill that will make small cryptocurrency transactions tax-free. The…
US Lawmaker Ask SEC To Sue Crypto Exchanges That Offered XRP
Brad Sherman, a US Congress member, has also asked the SEC to prosecute exchange firms that allowed trading of XRP.…
G20 Nations Call For Stablecoin And Cross-border Regulation
At a recent meeting, the G20 nations came together to discuss the necessity of international collaboration and stablecoin regulation. Those…
CBDC
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Australia’s Central Bank Gov Prefers Private Tokens To CBDCs
At the recent G20 gathering, Phillip Lowe, the governor of Australia’s central bank, suggested that controlled private tokens would be…
Altcoin
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Circle Says USDC Is Now Backed By US Treasury Bonds And Cash
The payments platform, Circle, has published a detailed asset breakdown of the funds supporting its USD-pegged currency, the USDC. Circle’s…
Tether Shorters Continue To Amass As Investors Dump USDT
According to reports, Tether short-sellers have increased over the past week. Also, more investors continue to dump liquidity despite Tether’s…
American Bank Becomes Custodian Of Circle’s USDC Reserves
According to the latest reports, stablecoin issuer Circle has collaborated with NYCB (New York’s Community Bancorp). Under this agreement, the…
BlockFi Raise Deposit Rate And Stops Free Monthly Withdrawal
According to Zac, CEO of BlockFi, the cryptocurrency lending platform has modified its services. It has increased its deposit rates…
