In the coming Tuesday, New York City will witness a significant trial. The defendant, Avraham “Avi” Eisenberg, is facing charges for allegedly defrauding and manipulating the Mango Markets Decentralized Finance (DeFi) system on Solana in October 2022. Prosecutors argue that these actions led Eisenberg to illegitimately secure crypto loans valued at around $116 million, resulting … Read more
Ethena Labs, a company specializing in creating synthetic dollars, received permission from Frax Finance to set up a USDeFRAX pool with a limit of $250 million on the Curve exchange for their defi stablecoin. This move aims to expand the earning opportunities for FRAX stablecoins. Thrilled to announce my endorsement of FRAX’s unique plan for … Read more
In collaboration with Mastercard and Crypto Life, 1inch Network, the top Decentralized Exchange aggregator, unveiled a novel debit card. This new card enables users to make cryptocurrency-to-fiat conversions on the spot, providing both physical and virtual alternatives for hassle-free transactions at all ATMs. Newly released! We’re excited to announce the innovative 1inch Card in collaboration … Read more
Thomas Jordan, chair of the Swiss National Bank, argued against the necessity of a retail central bank digital currency (CBDC) and instead advocated for effective payment methods offered by the private sector. He also raised concerns about potential risks that could disrupt existing processes with this new system. On the other hand, the SNB saw … Read more
In the current robust Bitcoin market where new record highs are being set, it’s noteworthy that PayPal’s stablecoin, PYUSD, experienced a substantial drop in circulation. By March, its circulating supply had decreased by approximately 39% compared to early February, amounting to $188.5 million. USDT on PayPal, which began with a strong momentum, saw its circulation … Read more