Dollar stablecoin UST plunged substantially on Wednesday to below 40 cents, as its sister token Luna also sank 80% to $5.
The $25 million seed round is said to be used for the development of the company and the expansion of its team.
There’s a bloodbath all across the crypto market with the broader crypto market losing 33% valuation in just over the matter of a month.
Nigeria’s CBN governor says that eNaira will support all kinds of payments including utility, for individuals and merchants alike.
The governor of the central bank of Chile noted that the CBDC would have to co-exist with cash rather than replace it.
If the sell-off in the US equity market doesn’t cool down anytime soon, we can expect further corrections in Bitcoin and the broader crypto market.
Arianee’s technology is also being used by luxury brands based out of Switzerland such as the Richemont Group business complex.
To encourage adoption, payments for subway rides from the digital yuan wallet will attract a 10% discount until June 5.
Nouriel Roubini plans to bring about a tokenized US dollar – United Sovereign Governance Gold Optimized Dollar – as a stable inflation-proof hedge.
The Plutus Rewards & Accounts 2.0 offering was initially launched on March 31 and it included three new subscription plans and 4 new staking levels.
Shiba Inu has failed to maintain the key support level.
The decision to add XRP to SBI’s payment options comes as no surprise given that the two companies are on a joint venture to promote the use of XRP in Asia.
As per the report, a single whale served millions of UST on Binance and Curve. The Luna Foundation Guard has now initiated some corrective measures for the same.
Instagram plans NFT integration for Ethereum, Solana, Polygon, and Flow.
The price has fallen in four straight days with about a 3% decline in the last 24 hours trading at the current price of $33,697 as of press time.