In a bid to support BENQI in facilitating its on-chain liquidations towards maximizing profit, the company has joined efforts with KUU, a decentralized liquidity underwriter for the Avalanche DeFi ecosystem. BENQI is an Avalanche-based lending and borrowing protocol that operates through an extremely scalable network. It provides opportunities for avalanche […]

Decentralized exchange aggregator 1inch has partnered with the ICHI platform to issue a new stablecoin pegged to the U.S. dollar. In a Thursday announcement, 1inch said it planned to mint a stablecoin “with a blend” of its native 1INCH token and USD Coin (USDC) through ICHI’s Decentralized Monetary Authority, or […]

Crypto miners are shifting from the conventional Proof-of-Work (PoW) algorithm to a greener alternative. Ethereum, for instance, is migrating from PoW 1.0 to Proof-of-stake (PoS) 2.0 to reduce its energy footprint and cheapen transactions. Ethereum Data (ETD), a project focused on bringing together ecological sustainability and technological upgrades is gradually […]

Cathie Wood of Ark Invest fame has filed an application with the Securities and Exchange Commission (SEC) for a bitcoin-based exchange-traded fund (ETF) through her business. Another Bitcoin ETF Is Headed to the SEC Per official paperwork, the point of the ETF would be to track the price of bitcoin. […]

German funds would now be able to invest 20% of their assets under management in cryptocurrencies. This comes after the introduction of a law that has been ratified by the local parliament. The law is now active and it would allow funds to invest as much as $415 billion in […]

The United States’ Financial Crimes Enforcement Network will continue to closely follow the cryptocurrency industry as one of its top priorities for combating crimes like money laundering. FinCEN officially announced Thursday that “virtual currency considerations,” or operations involving cryptocurrencies like Bitcoin (BTC), will be among its top national priorities for […]

A law should be put in place to allow federal courts to identify cryptocurrency owners and reverse transactions where necessary, according to Democratic Rep. Bill Foster of Illinois, the co-chair of the House blockchain caucus. He said the law should allow courts to establish the real identity of a crypto […]

The COVID-19 pandemic hit the global economy hard. While a few countries have had some GDP recovery, all suffered during 2020. The misery resulting from global lockdowns has seen companies closed, entire sectors suffer, and unemployment rise—however, some companies and industry sectors have prospered. Not only have some done well, […]

Ethereum 2.0, the network upgrade of ETH, crossed 6 million staked coins under its deposit contract on Thursday, its highest level on record. In May 2021, the staking contract of ETH 2.0 reached 5 million Ethereum. Etherscan, a blockchain explorer and analytics platform for Ethereum, highlighted that the total value […]