According to MakerDAO co-founder and cryptocurrency expert Rune Christensen, the DAI stablecoin may free itself from its USD peg by selling all its USD Coin (USDC) holdings. Christensen made the comments on Thursday on MakerDAO’s official Discord channel. MakerDAO might convert USDT to ETH The DAI stablecoin is currently backed by USDC at a rate…
Australia’s central bank has yet to launch a digital currency project (CBDC). However, it is looking to explore the economic benefits a CBDC would offer. Australia’s central bank said on Tuesday it would launch a year-long research program on CBDC. The aim is to explore the potential economic benefits such digital currencies can bring. The…
Shiba Inu has revealed the name for its upcoming video game, Shiba Eternity The Shiba Inu game finally has its official name, and SHIB reveals that the game is called Shiba Eternity after teasing a logo reveal yesterday. The revelation of the name and logo for the long-awaited video game came as part of the…
Polygon’s co-founder Sandeep Nailwal has cleared the tension among the network users regarding a whooping 1.4 billion MATIC tokens unlocked from the vesting contract to the Polygon foundation on August 1. Also read: Polygon MATIC price prediction Polygon unlocks 1.4 billion MATIC from vesting contract Cryptocurrency researcher Sam Martin first reported that the Ethereum scaling…
There’s a lot of important events that happen every month in the cryptocurrency space, ranging from technical improvements of protocol, Mainnet launch, airdrops, and token burns, to say the least. So, in this article, we will share some of the major upcoming crypto events in July you need to keep tabs on, which may include…
Bitit, a French crypto brokerage founded in 2015, is planning to shut down. The company offered its customers a quick way to purchase cryptocurrency with fiats. However, they will be closing all activities because they’re having some regulatory difficulties and vicious competition. The Effect of Regulation and Competition on Bitit Even though many reasons could…
The United States government is worried about whether China’s current plans for a digital yuan could affect the US dollar status as the world’s dominant reserve currency over the long term. Biden’s team shows concern over digital Yuan As the Chinese digital currency continues to gain more momentum in the pilot phase, several government officials…
Again, the world’s leading Bitcoin miner maker, Bitmain, has opened an intellectual property infringement dispute against its biggest rival, MircoBT. The latter has been accused of stealing corporate secrets from Bitmain, according to the recent report by Chinese IP trade media, IPEconomy. As reported, Bitmain filed a patent lawsuit with the Beijing IP court, accusing…
Privacy-focused messaging application, Signal App, is looking to step up its service by tapping into the cryptocurrency payment space. Per an announcement on Tuesday, Signal is planning to trial crypto payments on the application to enable its users to send and receive funds via digital currency. Signal is testing crypto payments in beta The Signal…