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Terra was a Poorly-Designed “Castle of Cards”, Tether CTO Says
Paolo Ardoino, CTO at Tether and Bitfinex, said that the Terra LUNA stablecoin was not supposed to be a trifle, but was just a poorly designed “fortress of playing cards”. Last week, TerraUSD/UST lost its peg and fell by 40% resulting in…
RBI warns of possible dollarization of Indian economy through crypto
RBI officials have raised the alarm once more over the adoption of cryptocurrencies, claiming that this will lead to the “dollarization” of India’s economy. Economic Times reported on Monday that the Reserve Bank of India (RBI) is concerned about the impact of…
Nigeria Issues New Regulations Classifying Cryptocurrencies As Securities
According to Bloomberg, Nigeria’s Securities and Exchange Commission (SEC) has issued “laws on issuance, providing platforms, and custody of digital assets” for virtual enterprises, which might encourage crypto trading. The laws provide additional clarity on digital asset trading in a country with…
Bitcoin Pizza Day rewind: A homage to weird and wonderful BTC purchases
In recognition of Bitcoin pizza day, the first-ever real-world transaction using Bitcoin, Cointelegraph speaks with the crypto community about their historic BTC purchases. Happy Bitcoin Pizza Day! Before you dial for a Margherita to commemorate the world’s first real-world Bitcoin transaction, here’s…
Cosmos (ATOM) Skyrockets 12% Following Bitcoin And Ethereum Recovery
The crypto market is showing signs of recovery, and it seems Cosmos has also been pulled in the same direction with an increase of 12% in the last 24 hours. Cosmos (ATOM), the 27th biggest cryptocurrency, has a total market cap of $3.2…
OpenSea launches Seaport NFT marketplace
OpenSea has launched Seaport, a new marketplace dedicated only to the trade of NFTs. According to the NFT marketplace, this new platform will support Web3 and provide an efficient environment for nonfungible token buyers and sellers. According to the update, the new…
DeFi Protocol iZUMi Finance Raises $30M, Launches Exchange
The funds were raised through the sale of bond vouchers and claims to back the new iZiSwap decentralized exchange. iZUMI Finance, a multichan decentralized finance (DeFi) platform, has raised $30 million through the sale of bond vouchers and claims on its iZUMi…
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