Leon McCoy

DEUS Finance’s Stablecoin Sheds Nearly 30% Off Its Dollar Peg

The latest Coinmarketcap data shows that DEUS finance’s stablecoin, the DEI, has lost its dollar peg. After losing its dollar peg and dipping to a new low of $0.55 during the Monday morning session, the price of the algorithmic stablecoin has made some slight gains and currently trades at $0.66 following. While DEUS finance’s stablecoin…

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Luna Foundation Guard Is Yet To Account For Nearly $1.25B Worth Of BTC

Despite the TerraUSD crash, the platform’s DAO (the LFG) still needs to answer a few questions on some discrepancies regarding Terra’s BTC reserves. Before the UST lost its UST peg earlier in the week and created commotion across the market, the LFG held 70,737 worth of BTC (valued at nearly $2.1B) as reserves for its…

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Cardano Founder Shares His Insights Into Recent Happenings In The Crypto Space

The crypto market has been on a freefall over the past seven days, with the leading digital asset dipping to a 16-month low. Even though BTC has recovered and made some gains, it is still nowhere near its peak price, which it attained last November. However, Cardano founder, Charles Hoskinson, has shared his insights regarding…

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Users’ Requests Force Wikipedia To Stop Accepting Crypto Donations

After accepting crypto donations for nearly a decade, Wikipedia has halted crypto donations following discontent by the Wikipedia community. The Wikimedia Foundation (WMF), the NGO that runs the popular internet encyclopedia, Wikipedia, has been embroiled in various discussions with its community members over the decision to keep accepting crypto donations. Discussions Have Been Ongoing Since…

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Grayscale Seeks Expansion Into Euro Crypto Market, Meets Local Partners

A recent Bloomberg report has revealed that Grayscale Investments seeks to start offering its services to the wider European crypto market. According to the firm’s CEO, Michael Sonnenshein, Grayscale has already started discussing with local partners. Grayscale Already Has A Detailed Plan For Entering Europe’s Crypto Space – Grayscale CEO However, Sonnenshein refused to reveal…

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Top Bahama-Based Bank Launches Crypto Services With Chainalysis

Top on-chain data analytics firm, Chainalysis, has completed an agreement with one of the leading lending banks in the Bahamas (Capital Union Bank) for the latter to launch its virtual asset services. The new partnership is one of the direct benefits of the nation’s adoption of crypto-friendly policies. Industry analysts opine that this partnership will…

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Mexico’s Apex Bank Develops A 3-Year Plan For The Launch Of Digital Pesos

Mexico’s apex bank (the Banxico) has revealed that it plans to launch the digital Pesos within the next three years. While speaking at a senate hearing, the bank’s chief, Victoria Rodriguez Ceja, disclosed that the 3-year period would give the bank the appropriate time to ensure that the national digital currency completes the three money…

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Ethereum Network Adds 50K Validators In 30 Days

The growth rate of the Ethereum network’s fundamentals has been impressive lately. The rising number of validators on the chain in the last 30 days demonstrates this growth.  700% Increase In The Number Of Ethereum Validators In 2 Years Multiple blockchain data shows that Ethereum’s technical performance has been quite impressive. There are nearly 355K…

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Regulators Can’t Ban Non-Custodial Wallets Completely – SatoshiLabs CFO

A top-level executive with one of the leading crypto firms (SatoshiLabs) has weighed in on regulators’ increasing worries over crypto investors’ decisions to move their digital assets. Recently, there has been a huge spike in the number of crypto investors moving their digital assets from centralized exchanges to private wallets. Ban Popularizes Certain Technologies SatoshiLabs’…

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Russia To Criminalize Non-Custodial Crypto Wallet Holders

A group supposedly representing the interest of Russian banks has proposed a crypto-related bill to Russian authorities. The group wants the Russian government to make it a criminal offense for anyone to own private crypto wallets. Even though the financial regulators are set to discuss the idea, industry analysts opine that it is nearly impossible…

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Two US States Financial Watchdogs Sanction Online Casino Firm

Financial regulators from Texas and Alabama, USA, have issued a cease and desist order to a virtual casino firm after they alleged that it was selling unlicensed securities which represents a fraudulent act. Were They Selling Unlicensed Securities? The two security regulators claimed that Martin Schwarzberger and Finnruben Warnke (co-founders of Sand Vegas casino) had…

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Argentine Crypto Traders Discover Ways To Make Bank With P2P Markets

Per multiple local news outlets, many Argentines have discovered that they can earn more money through P2P arbitrage and leveraging on exchanges and the market conditions. One of Binance Argentina’s top-level executives, Maximiliano Hinz, revealed a 45% increase in the company’s P2P operations within the past 30 days. Argentines’ New Gold Rush Argentines have discovered…

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A Top Ethereum Staking Pool Plans Further Decentralization Of Its Platform

One of the Ethereum staking pools, Lido, has announced that it would lower the requirements to become a validator on its platform. Thus, enhancing the decentralization of their platform. Based on the new requirements, anyone can become a Lido validator regardless of the amount of Ethereum they have staked. Furthermore, it would enhance governance on…

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BitsCrunch Partners MasterCard to Reduce Cryptocurrency Entry Barriers

BitsCrunch, a startup that focuses on the non-fungible token blockchain, recently declared that it would soon be working with MasterCard, one of the most popular payment service providers. Intended to be nurtured under MasterCard’s Start Path program, a global startup business participation initiative to assist companies in scaling, MasterCard and bitsCrunch want to empower users…

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Meta Wants To Create A New Digital Currency After Diem’s Failure

Despite failing to launch its cryptocurrency, Meta reveals it hasn’t given up on launching crypto lending services and virtual tokens. Per a financial times report, Meta plans to increase its revenue income by owning a digital asset that some insiders have called ‘Zuck Bucks.’  A Change To Suit Metaverse-Related Services  However, the report clarified that…

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