DAI Takes the Reigns as the Leading Decentralized Stablecoin by Market Capitalization

Post Views: 198 Following the demise of the Terra-based stablecoin UST, the fiat-pegged token DAI has become the largest decentralized stablecoin in existence today. Moreover, Makerdao has regained the decentralized finance (defi) protocol’s position as the top defi protocol in terms of total value locked (TVL). On May 28, DAI’s largest trading pair is the…

Desperate LUNA Investor Arrested, New Terra Network Announced, Davos Blockchain Talk, and More — Bitcoin.com News Week in Review

Post Views: 196 From a desperate investor’s ill-advised visit to Terra co-founder Do Kwon’s house resulting in an arrest, the announcement of a new Terra network, and blockchain talk at Davos, to predictions of U.S. economic collapse if inflation isn’t reigned in quickly, there’s no shortage of action-packed crypto stories this past week. Without further…

Free-to-Mint NFT Collection Goblintown Is Now Worth Over $50 Million

Post Views: 214 A non-fungible token (NFT) collection called Goblintown is capturing millions in sales, as the NFT project has recorded $22.85 million in sales this week surpassing Otherdeed’s $20.73 million. At the time of writing, Goblintown obtained $2.26 million in sales during the past 24 hours, and the collection’s floor value jumped 103.2% higher…

Provision Allowing Cryptocurrency Payments in Foreign Trade Added to Russian Bill

Post Views: 205 A proposal to permit companies to use cryptocurrency in cross-border settlements has made its way to a draft law designed to regulate Russia’s crypto space this year. According to a press report, the finance ministry has introduced a number of revisions to the legislation it has been working on in the past…

Recession or Prolonged Inflation: The Fed Must Decide Between Two Policy Mistakes, Says Economist

Post Views: 216 Allianz Chief Economic Advisor Mohamed El-Erian says the Federal Reserve will have to “decide between two policy mistakes.” One risks triggering a recession and the other could prolong inflation well into 2023. “I think the time has passed for a soft landing,” the economist stressed. Economist Mohamed El-Erian discussed where the U.S….

Belarus Has Seized Millions of Dollars in Crypto, Chief Investigator Claims

Post Views: 274 Authorities in Belarus have mastered the seizure of cryptocurrencies, the head of the country’s Investigative Committee revealed in a recent interview. The high-ranking law enforcement official claims the state has already confiscated crypto assets worth millions of dollars. Belarus had to deal with the challenge of how to seize cryptocurrencies when they…