The stablecoin offers greater transparency than competitors like USDT but that proved of little value as it was depegged during the recent banking crisis, says J.P. Koning.
ArkotNews
EU Consultation Warns on Risk of Big Players Becoming Metaverse Gatekeepers
The European Commission raised the risks to privacy, openness, cybersecurity and equality in online virtual worlds.
Crypto Investors: Why You Need to Understand Layer 1 Protocols
There’s value in crypto, especially layer 1 protocols, even if regulators and politicians don’t dig enough to see it.
Payments Firm Nuvei’s Ties With FTX Questioned in Spruce Point Capital Report
Nuvei's shares fell by as much as 6% in premarket trading after Spruce Point warned of a 50% downside, but rebounded into positive territory mid-morning.
Bitcoin Breaks Above $30K for First Time Since June 2022
The move continues a 2023 rally that has now seen the most popular crypto gain more than 80%.
Euler Finance Community Weighs Plan to Return Money Recovered From $200M Hack
The goal of the proposal is to let Euler users redeem their funds as soon as possible.
Avalanche’s New Subnet to Offer Blockchain Customization for Financial Institutions
The protocol said the subnet will be a suite of institutional blockchain deployments and tooling specifically designed for financial services.
Inventor of Ethereum’s ERC-20 Token Standard Plans New Blockchain ‘LUKSO’ for Creative Types
Fabian Vogelsteller is launching his new project, a layer 1 blockchain “LUKSO,†and validators will be able to join the network through the Genesis Validator Smart Contract Deposit.
Sushi DEX Recovers 100 Ether After Millions Lost on Weekend Exploit
‘White hat’ hackers are working to recover more of the stolen funds as of Monday.
Hong Kong’s Financial Secretary Declares Now Is the 'Right Time' for Web3 Adoption
Finance chief Paul Chan said in a blog post that despite recent volatility in crypto, now is the time to push forward Web3 technologies.
