Last week, Nikolai Mushegian, the MakerDAO co-founder and the decentralized stablecoin Dai, was found dead in the city of Puerto Rico. According to local media reports, the co-founder of the crypto lending…
Category: Stablecoin
IRS Updates Instructions Related To Crypto For Tax Filing
The 2022 draft instructions applicable to tax form 1040 have a crypto section and there were some updates made to it by the Internal Revenue Service (IRS). The tax agency stated that…
Stablecoin Markets Shift With Binance Launching USDC Conversions
Binance has begun the conversion of TrueUSD, Paxos’ Pax Dollar and Circle’s USDC holdings into its own stablecoin, Binance USD (BUSD) and the stablecoin markets are already feeling the impact of this…
Tether Asks Court For Removal Of Roche Freedman From Lawsuit
The founding partner of crypto boutique litigation company, Roche Freedman LLP, attorney Kyle Roche had recently withdrawn from several class-action lawsuits that the company had initiated. The withdrawal comes after a video…
Top Ethereum Killers to Consider in 2022
Investors have heavily grilled the Ethereum network over the past couple of years. That is due to congestion, slow speeds, and high gas fees. As this competitive field sees constant innovation, users…
Terra (LUNA) Gains More Than 20%, Nearing its ATH
Terra’s native token LUNA saw remarkable upswings within the past 24 hours, gaining more than 20% to hover at $99, beneath its lifetime peak. That comes as the broad crypto spectrum sees…
These Are Worst-Performing Cryptos So Far in 2022
The cryptocurrency space hasn’t had its best year so far. Uncertainty around the Russia-Ukraine conflict plus COVID-19 had most investors escaping risky markets. The crypto spectrum started 2022 in turmoil. Uncertainty around…
First Swiss Digital Asset Custody Creates Token Backed By Gold
SEBA, a Swiss bank that touts itself as the future bank, has created a digital gold token backed by actual gold. The bank CEO, Guido Buehler, said that gold has always been…
USDC Incorporated On Avalanche
Financial services and blockchain company, Circle, is creating a version of its stablecoin USDC for the Avalanche blockchain. Incorporating the USDC token is supposed to be done on the Avalanche C-Chain. The…
US Treasury Department Is In Discussion For Potential Regulation Of Stablecoins
Everyone in the cryptocurrency community would agree that stablecoins play a crucial role in both the crypto market and industry. However, officials from the United States Treasury Department have stated that there…