The Aave community has approved the GHO stablecoin. GHO is an overcollateralized stablecoin that allows users to earn interest on the collateral used to mint the stablecoin. The GHO stablecoin would make borrowing on Aave more competitive. The Aave DAO has approved a new stablecoin that the platform is looking...
CEO of Santander Brasil Mario Leao said that the bank would offer crypto trading in the country. He believes that the market is here to stay, and more news should arrive in the months to come. Many banks have begun to offer crypto trading services, which could spur adoption. The...
Summary: Leading cryptocurrency Bitcoin traded higher than $23K on Thursday. The top coin enjoyed a slight rally following Wednesday’s FOMC meeting. America’s Q2 GDP report was also released with the figure at -0.9%. The number signaled a recession per technical definition although authorities opined differently. Crypto coin prices flashed green...
Ethereum’s futures trading volume has exceeded bitcoin’s. Currently, the ETH volume is at $11 billion and the BTC volume is at $10 billion. Ethereum may be due for many more milestones as the Proof-of-Stake transition edges closer. Ethereum’s futures trading volume has crossed that of bitcoin’s for the first time...
Summary: Binance boss Changpeng Zhao met virtually with Dr. Nureddin Nebati, the Finance Minister of Turkey. The pair held discussions on cryptocurrency and the blockchain ecosystem. Reports said that Turkey could soon regularize its crypto scene with dedicated laws and policies. Turkey is also a major source of traffic for...
Summary: USDT stablecoin issuer Tether cleared the air on its short-term debts, again. The digital asset company debunked rumors that claimed Tether holds a massive amount of Chinese commercial paper. The statement released today also addressed the threat of such misinformation to the broader crypto industry. CTO Paolo Ardoino stated...
Celsius has filed a motion to enter into an advisory agreement with former CFO Rod Bolger. Celsius believes Bolger’s experience, knowledge, and familiarity with the business can help it move forward. A hearing on the matter will be held on August 8. According to a filing in the United States...
Coinbase is facing an SEC investigation over its cryptocurrency listings, according to a Bloomberg report. The report claims that the SEC is investigating whether the exchange lets users trade assets that should have first been registered as securities. The exchange recently filed a petition to the SEC asking for rulemaking...
Summary: Voyager Digital lawyers submitted a court filing in response to a proposal from FTX supposedly geared toward making customers whole. FTX offered early liquidity to Voyager customers as the crypto platform is faced with bankruptcy. CEO of the crypto exchange Sam Bankman-Fried expanded on the offer via a Twitter...
Terra, Do Kwon, and several associated entities are facing a new lawsuit, with complaints similar to previous lawsuits. The lawsuit has been filed against several entities associated with the Terra ecosystem. Meanwhile, authorities in South Korea are conducting a thorough investigation of Terraform. Terra’s legal woes continue to mount as...
