MakerDAO, the company behind the popular stablecoin DAI, is making some big changes. They’re rebranding their stablecoin to USDS (Sky Dollar) and it’s going to have a new feature: a freeze function. What’s a Freeze Function? A freeze function basically allows the company to stop the movement of tokens. This could be useful in certain…
Crypto exchange Abra has agreed to pay a fine to the Securities and Exchange Commission (SEC) to settle allegations that they offered unregistered securities. Abra Earn: The Problem Product The SEC claims that Abra’s “Abra Earn” product, which allowed users to earn interest on their crypto holdings, was actually an unregistered security. Abra Earn attracted…
John Wu, the president of Ava Labs, the team behind the Avalanche blockchain, is optimistic about the future of Ethereum (ETH) exchange-traded funds (ETFs). He believes these ETFs will be successful due to the competitive nature of the decentralized finance (DeFi) space. Competition Fuels Growth Wu points out that while Bitcoin has only one major…
Japan is serious about becoming a Web3 powerhouse. The government is planning some big changes to make it easier for Web3 startups to thrive. Tax Cuts for Web3 Businesses The Japanese government is considering tax breaks for Web3 businesses. This is a big deal because it could make Japan a much more attractive place for…
Bitcoin has been on a rollercoaster ride lately, with a big drop earlier this month followed by a partial recovery. But where is it headed next? One expert thinks we could see a huge jump in the next few months. A Secret Indicator? Timothy Peterson, a market expert, believes a specific indicator could predict Bitcoin’s…
Binance, a major cryptocurrency exchange, has been accused of freezing the crypto assets of all Palestinian users. This sparked outrage within the crypto community, who criticized the alleged move. Accusations and Backlash The accusations were made by Ray Youssef, CEO of Noones and co-founder of Paxful. He claimed that Binance, acting on a request from…
Bitcoin is currently holding steady, but it’s facing a lot of selling pressure after the big drop on August 27th. Things look a bit shaky right now, but if Bitcoin bulls can push prices above $66,000, things could change. Binance Traders Are Bearish Despite the recent stabilization, traders on Binance, the biggest exchange out there,…
A popular crypto analyst, known as Credible Crypto, believes Bitcoin is nearing the end of its recent slump and is about to take off again. Bitcoin’s Bottom? He thinks Bitcoin could dip as low as $50,000 before bouncing back. According to his charts, Bitcoin will trade around this level for a few weeks before launching…
Binance, the world’s biggest cryptocurrency exchange, is adding a new euro-backed stablecoin called Eurite (EURI) to its platform. What is Eurite? Eurite is a stablecoin backed by the euro, meaning its value is pegged to the euro’s price. It’s designed to be compliant with the European Union’s new crypto regulations (MiCA). This makes it a…
A big-time crypto investor, known as a “whale,” lost nearly $4 million this summer after buying a bunch of Ethereum (ETH) just before the market took a nosedive. Whale’s Ethereum Woes According to the crypto tracker Lookonchain, the whale bought 8,825 ETH for about $28 million in late July and early August. But when crypto…
