Nigerian Central Bank Prohibits Use of Foreign Exchange as Collateral for Local Currency Loans
The Central Bank of Nigeria has barred using international trade as collateral for native foreign money loans. In its April 8 letter addressed to banks,...
Tether Boasts $72.5 Billion US Treasury Exposure as Interest in National Debt Falters
Tether, the most important stablecoin within the cryptocurrency market, mentioned how its leverage of U.S. treasury payments creates a gradual demand for U.S. nationwide debt...
DAI Emerges as Third-Largest Stablecoin, Overtaking BUSD in Market Capitalization
Makerdao’s DAI stablecoin is now the third-largest stablecoin by market capitalization, surpassing Binance USD (BUSD), which has formally declined to $4.304 billion. DAI’s market valuation...
Makerdao Considers Significant DAI Savings Rate Hike: 3.3% on the Horizon, If Vote Passes
The Makerdao collective is at the moment immersed in a dialogue in regards to the potential rise of the DAI stablecoin’s financial savings price to...
Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident
On March 11, 2023, the decentralized finance venture Makerdao issued an emergency proposal following the USDC depegging incident that noticed the stablecoin dip all the...
Analyst Warns of Banks’ Authority to Confiscate Funds, Decline of US Dollar Purchasing Power
According to Lynette Zang, chief market analyst at ITM Trading, U.S. banks have the authorized authority to confiscate folks’s funds because of laws handed by...
FTX Discovers $5.5B in Liquid Assets — Debtors Explore Ways to Maximize Recovery through Potential Sale of Subsidiaries, Real Estate
On Jan. 17, 2023, FTX Trading Ltd. and affiliated debtors up to date the general public and detailed that the agency’s present directors have found...
Binance Launches Off-Exchange Settlement Solution ‘Binance Mirror’ for Institutional Clients
The largest crypto-asset change by international commerce quantity, Binance, introduced that its custody enterprise has launched an off-exchange settlement resolution for institutional purchasers. With this...
Metamask Launches Ethereum Staking Services through Lido and Rocketpool
On Friday, the Web3 pockets agency Metamask, a subsidiary of the Ethereum-centric firm Consensys, introduced the beta launch of ethereum staking options will likely be...
Bitgo Reveals Wrapped Dogecoin Token Built on Ethereum
On Nov. 2, 2022, the digital asset custody enterprise and monetary providers supplier Bitgo launched a wrapped model of the meme coin asset dogecoin constructed...