The much-awaited Cardano-based algorithmic stablecoin DJED is set to be launched on January 2023. This was announced by Shahaf Bar-Geffen, CEO of Coti, in the 2022 Cardano Summit. The new stablecoin was first announced in 2021 by Charles Hoskinson, Cardano’s…
Fiat-backed and Regulatory-Compliant Stablecoin to be Built on the Cardano Network.
Emurgo, the official commercial arm of Cardano, is set to release USDA, a fiat-backed and regulatory-compliant stablecoin by the first quarter of 2023. The USDA stablecoin is intended to protect users from crypto market volatility by pegging the token to…
FTX Bankruptcy Due to Complete Failure of Corporate Control at every level
John Jay Ray III, FTX’s current CEO, has filed a declaration in support of the crypto company’s bankruptcy proceedings. The court document revealed questionable business practices within FTX. In the financial industry, John is known for masterfully handling the bankruptcy…
SBF and FTX Influencers Shark Tank’s Mr.Wonderful & Tom Brady among many other Influencers involved in a Lawsuit
The FTX collapse saga has turned a new page as a class-action lawsuit has been filed against Sam Bankman-Fried (SBF), the former CEO of the embattled crypto company. A class action is a lawsuit filed by an individual or a…
20 Million Dollar Losses Hidden by SolChicks NFT Executives
Solchicks, a play-to-earn PVP (Player-vs-Player) crypto game, is reportedly affected by the TerraUSD (UST)/ Luna collapse in May 2022. This information was made known by ZachXBT, an anonymous crypto twitter handle who is known for exposing anomalies and scams within…
BlockFi Denies Rumors that FTX has Big Chunk of Its Assets.
The recent FTX collapse has shaken investors’ confidence in the cryptocurrency space and the fear is not surprisingly spreading to other companies. BlockFi, a crypto trading and lending company, is now being hounded by reports that FTX and Alameda have…
Crypto.com Faces Fallout For Sending Crypto to the Wrong Address
Crypto.com, a Singaporean-based Crypto exchange, is facing scrutiny after it admitted that it erroneously transferred a large amount of Ethereum (ETH) to another exchange. This development came after the collapse of FTX which was once one of the largest exchanges…
Polygon Layer 2 Network adoption increases with Big Players
Polygon Network (MATIC), a layer 2 protocol under the Ethereum Network, is trying to regain lost ground despite the ongoing bear market. It is currently in the middle of rolling out projects which involve Starbucks, Bitpay, Nubank, Axelar, and Reddit.…
The UK Leads the Way in Crypto Adoption
The United Kingdom has been included in The 2022 Global Crypto Adoption Index Top 20, a study done by Chainalysis. This is interesting since London, the country’s capital, is considered to be one of the world’s leading and oldest financial…
El Salvador to Establish First Bitcoin Embassy in Lugano
El Salvador, the first country to make Bitcoin a legal tender, is set to establish a BTC embassy in the pro-crypto city of Lugano. The Swiss city signed an economic cooperation agreement with the South American Country in Lugano’s Plan…