Blockchain Financial News

27.05 / 14:09

Blockchain Hackers Gaming Scams Hacker tastes own medicine as community gets back stolen NFTs

The tales of traders getting scammed out of their nonfungible tokens (NFTs) were quite common at the peak of the NFT boom. However, in an interesting turn of events, the Solana community came together to “scam” a scammer in order to get back some stolen NFTs.

27.05 / 13:07

Blockchain Digital Tether USDT Tether Floats Mexican Pesos-based Stablecoin in Latin America

Tether Operations Limited, the blockchain startup behind the USDT stablecoin, has announced its entry into Latin America with the launch of the Mexican Pesos backed MXN₮ stablecoin.

27.05 / 13:07

Blockchain Ethereum Pool Luna Proposal to Burn 1.3bn UST Tokens Wins Approval from Terra Governance

The Terra governance has approved the proposal to burn a certain amount of TerraUSD (UST) tokens. The tokens were held in the project’s community pool and also deployed for past liquidity on Ethereum.

27.05 / 12:23

Blockchain Ethereum Stablecoin Burn Terra to burn 1B UST from the community pool as holders vote for it

In another attempt to support the revival of Terra (LUNA), the community voted to burn a large amount of UST from its community pool.

27.05 / 08:35

Blockchain Ethereum Stablecoin Terra Vitalik: How to create algo stablecoins that don't turn into ponzis or collapse

Ethereum co-founder Vitalik Buterin has shared two thought experiments on how to evaluate whether an algorithmic (algo) stablecoin is sustainable.

27.05 / 05:31

business Blockchain banking settlement JPMorgan trials blockchain for collateral settlement in after-hours trading

Multinational investment bank JPMorgan Chase & Co is reportedly trialing the use of its own private blockchain for collateral settlements.

27.05 / 05:25

Blockchain UPS Ethereum ETH ETH 2.0 vision meets another roadblock but validators continue their march

Ethereum, the largest altcoin has continued to take measures to complete the much anticipated ‘merge’ into ETH 2.0. Although, at first scheduled in June had been postponed. As the thing stands, there is no final deadline for the complete outcome. Nonetheless, it didn’t quite stop validators from staking their share, showcasing their support.

27.05 / 02:27

Blockchain Provident Align Luna NOT Terra 2.0 proposal gets the crypto community’s nod of approval but that’s not all

Pretty much the entire crypto community is well-aware of the Terra (LUNA) fiasco. Overall, investors lost more than $400 million as the Terra ecosystem hit rock bottom. But what about a recovery plan? There aren’t many discussing this step.

26.05 / 23:39

Blockchain CBDC Adoption regulation Future committee Brainard tells House committee about potential role of CBDC, future of stablecoins

United States Federal Reserve vice chair Lael Brainard submitted a written statement in advance to the Financial Services Committee's virtual hearing, "On the Benefits and Risks of a U.S. Central Bank Digital Currency (CBDC)," that took place Thursday. That was a sound strategic move, considering that more than 25 legislators lined up to ask questions.

26.05 / 23:13

Blockchain economics Bitcoin Central African Republic Moves Ahead With Its Crypto Hub Initiative Despite World Bank's Concerns

Central African Republic (CAR) President Faustin-Archange Touadéra is readying to launch a new crypto project, dubbed Sango - the first crypto initiative that is designed to strengthen the country’s image as an emerging African crypto hub.

26.05 / 19:26

Blockchain Ethereum Lowe's As Ethereum struggles to sustain above $2k, here’s all you need to look out for

Ethereum is down again! The largest altcoin has continued to disappoint investors as it is struggling to rise above the $2,000 price level. The Ethereum Foundation has already announced the final date for the Merge in August. But the current trajectory is a sore sight for the community as it stumbles on the price chart.

26.05 / 19:25

Blockchain Stablecoin Altcoins Exchange Terra Support Terra Moves Closer to New Chain Launch, Secures Exchange Support

The Terra (LUNA) blockchain is moving closer to being re-born as Terra 2.0, this time without an algorithmic stablecoin. The project has already received the blessing of several exchanges, but questions about what the value of Terra is without a stablecoin have started to emerge.

26.05 / 18:55

Blockchain cryptocurrency CRYPTONEWS network Ankr Partners With Pocket Network to Propel Web3 Into a New Era of Truly Decentralized Infrastructure

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

26.05 / 18:41

Blockchain Extreme Pool RIG stake How to Stake Cardano

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

26.05 / 16:55

Blockchain Stablecoin Tether Tether launches stablecoin pegged to pesos on Ethereum, Tron and Polygon

Amid market issues surrounding stablecoins, Tether (USDT) launched a new digital asset that will be pegged to the Mexican peso on Ethereum, Tron and Polygon networks.

26.05 / 16:11

Blockchain cryptocurrency Investment Terra Luna Terra Luna 2.0: How backers of the project want to revive the failed cryptocurrency

After a crashing fall, Terra is receiving a new breath of life with the Luna rebirth. But what will a revival of the failed cryptocurrency look like?

26.05 / 16:05

business Blockchain Adoption Africa inclusion Financial Blockchain tech offers multiple paths to financial inclusion for unbanked

Financial inclusion, accessible services and the unbanked are standard talking points in many conversations about crypto. But, the details may remain somewhat fuzzy — the people who talk about crypto are generally those already inside the financial system. There are people who are actively working to increase financial inclusion and access to services for the vast number of people who are unbanked or underserved.

26.05 / 15:39

business Blockchain Binance Venture Capital Former Binance executives launch $100 million venture fund

Multi-strategy blockchain investment fund Old Fashion Research (OFR) has completed its first close. Led by several former executives from Binance, OFR invested in over 50 blockchain projects in its first year.

26.05 / 14:03

business Blockchain Binance Terra Buyback Exchanges back 'Terra 2.0 revival plan' via airdrops, listing, buyback and burning

The fall of Terra (LUNA) shook the entire crypto market. However, the project has no plans to stay down as the project secured backing from crypto exchanges to help it rebuild.

26.05 / 14:03

business Blockchain MasterCard swift WEF 2022: SWIFT probably won't exist in 5 years, says Mastercard CEO

Mastercard CEO Michael Miebach said on Tuesday that he does not expect SWIFT, one of the most widely used platforms for cross-border fiat transactions, to exist in five years' time.

26.05 / 13:45

Blockchain Lowe's Binance In Avalanche [AVAX] bears’ relentless pursuit where do investors stand

AVAX bears have maintained their assault this week, making it one of the top gainers among the top 20 cryptos by market cap. Its current downturn looks to be headed for a retest of its 12 May low, during which it bottomed out at $22.31.

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