MakerDAO’s decentralized U.S. dollar stablecoin, DAI, has significantly reduced its reliance on USDC as a collateral asset over the last few months. The amount of USDC used as backing within MakerDAO’s peg stability…
Mitsubishi UFJ Financial Group Inc., a prominent Japanese banking corporation, is currently in negotiations with several businesses about issuing stablecoins, a form of digital asset, through its blockchain platform Progmat. Japan’s banking giant,…
The leading cryptocurrency exchange – Crypto.com – obtained a Virtual Asset Service Provider (VASP) registration from the central bank of Spain. The financial institution has shown a positive stance toward digital asset companies…
A meme NFT collection that combines the idea behind the popular NFT collection EtherRock with the unofficial branding of the investment giant BlackRock has already seen 398 ETH, or $749,000, in total trading…
On-chain data shows the Ethereum supply on exchanges has continued to drop lower recently, a sign that could be bullish for the asset. Ethereum Supply On Exchanges Has Gone Down Recently According to…
Shiba Inu has experienced a significant increase of 16.9% in the past week, which has helped to restore multiple support lines. Additionally, Shibburn, another token associated with Shiba Inu, saw a massive surge…
Gemini, the New York-based digital asset exchange led by Cameron and Tyler Winklevoss, has introduced Ethereum staking services for United Kingdom customers. The Winklevoss-owned exchange has expanded its proprietary product, Gemini Staking Pro,…
The Bitcoin Cash (BCH) price has been on a tear since June 10, outperforming Bitcoin (BTC) and nearly pacing the entire cryptocurrency market. The readings from various indicators and the price action all…
A recent report by Bloomberg states that Circle, the issuer of the USDC stablecoin, emerged as a primary recipient of support from the government-backed rescue of Silicon Valley Bank (SVB). According to the…