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Circle CEO addresses USDC liquidity concerns, welcomes PayPal move into stablecoins

cyptouser1 years ago430
Jeremy Allaire, Circle CEO, confirmed that USD Coin (USDC) saw more redemptions than issuance over t...

Protect against new AI attack vector using keyboard sounds to guess passwords over Zoom

cyptouser1 years ago423
Protect against new AI attack vector using keyboard sounds to guess passwords over Zoom

A recent research paper from Durham University in the UK revealed a powerful AI-driven attack that c...

Ripple legal chief urges investigation into ex-SEC official over Ethereum speech controversy

cyptouser1 years ago505
Ripple (XRP) chief legal officer Stuart Alderoty suggested that former SEC Director William Hinman s...

Market sentiment sways as Tether sees largest redemption since FTX collapse amid PYUSD launch

cyptouser1 years ago344
Market sentiment sways as Tether sees largest redemption since FTX collapse amid PYUSD launch
...

DeFi total losses breach $77B as July records largest loss of 2023 with $389M stolen

cyptouser1 years ago350
DeFi total losses breach $77B as July records largest loss of 2023 with $389M stolen
De.Fi’s Rekt Database reports that July saw $389.82 million in DeFi losses related to hack...

Hong Kong securities regulator warns unlicensed virtual asset trading platforms may face steep fines

cyptouser1 years ago329
The Hong Kong Securities and Futures Commission (SFC) issued a warning on Monday, Aug. 7,...

House Financial Services Committee chair renews call for stablecoin legislation after PayPal’s PYUSD

cyptouser1 years ago373
Representative Patrick McHenry, (R-NC), chair of the  U.S. House Financial Services Commit...

ARK Invest’s Cathie Wood expects delayed Bitcoin ETF decision, but predicts multiple approvals after

cyptouser1 years ago652
ARK Invest CEO and CIO Cathie Wood said on Aug. 7 that the SEC could approve mul...

MakerDAO DAI supply gains $200M as interest rate surges to 8%

cyptouser1 years ago649
MakerDAO DAI supply gains $200M as interest rate surges to 8%

MakerDAO DAI‘s stablecoin supply increased by $200 million after its interest rate increased by 8% for holders depositing into the protocol.

On Aug. 6, MakerDAO’s founder Rune Christensen revealed that Dai Savings Rate (DSR) was paying the high yield rate for the stablecoin holders “at no additional risk.”

Following the news, DAI’s market cap climbed to $4.66 billion from $4.45 billion during the last 24 hours, according to CryptoSlate’s data. Additionally, the number of the decentralized stablecoins in the DSR contract soared to 611 million from 339.4 million recorded on Aug. 6, according to the Makerburn dashboard.

MakerDAO DAI supply gains $200M as interest rate surges to 8%
MakerDAO DAI‘s stablecoin supply increased by $200 million after its interest rate increased by...

Curve Finance opens $1.85M bounty to public for help recovering funds after DeFi exploits

cyptouser1 years ago656
Decentralized finance (DeFi) protocol Curve Finance (CRV) has offered a $1.85 million public bounty...
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