It’s been approximately 38 days since Makerdao, the decentralized finance (defi) project, rebranded as Sky and launched both the USDS stablecoin and the SKY token. During this time, more than a billion USDS coins have been minted, and 530 million DAI have been converted to the new standard. Makerdao Sees 530 Million DAI Upgraded Since
Key takeaways: Polkadot (DOT), known for its innovative multichain protocol architecture, demonstrates significant growth and resilience in a fluctuating cryptocurrency market. This performance indicates its robust foundation and investors’ confidence in its technology. A key factor in Polkadot’s recent success is the completion of the Sinai Upgrade on its Acala Network, a critical development that
Cosmos developer Interchain Foundation has liquidated 4,000 ETH worth around $9.5 million.
Coinbase reportedly plans to cut support for certain stablecoins in the European Union (EU) by the end of the year. A spokesperson for the crypto exchange tells Bloomberg the exchange will delist stablecoins in Europe that don’t comply with the EU’s Markets in Crypto-Assets Regulation (MiCA). “Given our commitment to compliance, we intend to restrict The post Coinbase To Stop Supporting Non-Compliant Stablecoins in EU by the End of 2024, Including Possibly USDT: Report appeared first on The Daily Hodl .
PayPal business customers can now buy, sell, and hold crypto directly from business accounts, with significant ramifications for crypto adoption
The ongoing legal battle between the Securities and Exchange Commission (SEC) and Coinbase continues to escalate, reflecting the broader regulatory challenges facing the cryptocurrency industry. As regulators sharpen their scrutiny,
Quant hedge funds are being hit with margin calls following the massive rally in Chinese stocks, hammering those with short positions. Hedge funds who use shorts as part of their market-neutral strategy are now at risk of their positions being liquidated, reports Bloomberg, citing people familiar with the matter. Last week, the Chinese government announced The post Hedge Funds Get Margin Called After Soaring Chinese Stock Market Wrecks Short Positions: Report appeared first on The Daily Hodl .
Vitalik Buterin supports the update to Optimism's SuperchainERC20 protocol. The update aims to improve interoperability among Ethereum's layer-2 solutions. Continue Reading: Vitalik Buterin Supports Significant Update in Optimism’s SuperchainERC20 Protocol The post Vitalik Buterin Supports Significant Update in Optimism’s SuperchainERC20 Protocol appeared first on COINTURK NEWS .
During an interview on “Bloomberg The Close” on October 4, Cathie Wood, Co-Founder and CEO of ARK Investment Management, said the Federal Reserve’s rate cut was absolutely not a mistake. She explained that it has been interesting to watch revisions in economic activity, especially the downward revisions in employment numbers, which had been much weaker
The Securities and Exchange Commission (SEC) sued Coinbase in June 2023 and accused the company of selling unregistered securities.