• US regulators have issued a joint statement to banks warning of potential liquidity risks stemming from cryptocurrency-related clients and their deposits. • The statement for the first time included a warning about stablecoin reserves and urged banks to ensure their monitoring tools are up-to-date. • Banks may face increasing outflows from deposits made for the benefit of retail investors […]
WeiterlesenOverview of Article Binance.US sent approximately $404 million to a firm managed by Binance CEO Changpeng Zhao. Regulators have suggested that lack of public disclosure on the matter created a conflict of interest. The SEC first subpoenaed Binance.US in 2020. Transactions Made in 2021 Binance.US, under the name BAM Trading, sent millions of dollars from an account at Silvergate Bank […]
Weiterlesen• Ethereum NFT market cap dropped 59.6% in 2022, but numbers from January indicate growth. • Trading volume on Ethereum NFT collections jumped 38% in January, with CryptoPunks and Bored Ape Yacht Club (BAYC) accounting for 46.7% of the total ETH NFT market cap. • Top three blockchains with highest trading volume were Ethereum (ETH), Solana (SOL), and Polygon (MATIC). […]
Weiterlesen• Terra UST (USTC) has surged 66% following a governance approval to re-peg the stablecoin. • The Terra Classic community passed a proposal to relink LUNA Classic and the de-pegged USTC stablecoin. • Strategies to restore USTC to its peg include holding reserves in multiple assets, implementing a buyback and burn mechanism, paying out interests in US dollars, and integrating […]
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