USDC Depeg May Hinder Stablecoin Growth, Increase Regulation
by • USDC depegging has increased concerns over the volatility of stablecoins, according to Moody’s Investors Service. • The depegging was caused by the collapse of …
Shift to DeFi: Crypto Funding Moves Away from CeFi After Major Collapses
• The DeFi market had a bearish past week, with most of the tokens in the top 100 trading in the red. • Crypto funding …
SEC Objection to Voyager-Binance.US Deal Questioned by Judge
• The US bankruptcy judge scolded the Securities and Exchange Commission (SEC) for objecting to Voyager Digital’s proposed sale to Binance.US without providing specific details …
SEC Not Suited to Regulate Stablecoins: Circle CEO
• Circle CEO Jeremy Allaire believes that payment stablecoins are payment systems, not securities, and should be regulated by banking regulators instead of the SEC. …
Bitcoin Price Cools as $80M in Shorts Liquidate and U.S. Dollar Strengthens
• Bitcoin price shies away from $25,000 as the US dollar strengthens and questions about inflation arise. • The U.S. Producer Price Index (PPI) data …
LocalBitcoins Closes Down: Crypto Exchange Service Terminated
• LocalBitcoins, a Finland-based peer-to-peer (P2P) cryptocurrency platform, has decided to close down operations after 10 years. • Customers have 12 months to withdraw their …
Crypto Exploit Losses Plummet 93% in January: $8.8M Lost
• Crypto exploit losses in January saw nearly 93% year-on-year decline, amounting to $8.8 million. • The largest exploit from last month was an attack …
BAYC Investors: Join Class Action vs. Yuga Labs Now for Compensation
• Rosen Law Firm is filing a class action lawsuit against Yuga Labs over allegations of misleading investors. • Investors who bought BAYC and APE …
for the above article WEF in Davos: Crypto and TradFi Explore Collaboration
• The Cointelegraph team reflected on their week in Davos covering the World Economic Forum and the ongoing cross-pollination between traditional finance and decentralized finance. …
GTX Exchange to Revolutionize Claims Market, Fill FTX Power Vacuum
• The founders of Three Arrows Capital (3AC), Su Zhu and Kyle Davies, are reportedly looking to raise $25 million for a new cryptocurrency exchange …