Ad BitMEX co-founder Arthur Hayes has proposed a Bitcoin-backed dollar-pegged stablecoin NakaDollar (NUSD) which would be backed by $1 Bitcoin and one inverse perpetual swap of BTC against USD. In a March 8 blog post, Hayes said the stablecoin would not rely on USD reserves or centralized entities like banks. Instead, the NUSD will be…
Ad It seems that around 40,000 Bitcoin held in wallets linked to law enforcement seizures in the United States are currently being transferred, according to new data by Glassnode, a blockchain analytics firm. At present, most of these transactions appear to be internal transfers. Of the seized Bitcoin, 9,861 were seized from the Silk Road…
Ad On the first day of the city-wide crypto event that was EthDenver, Steven Fluin, Head of Developer Relations at Axelar, put the onus of developers to build a more connected web3 by stating that “dApps developers have the responsibility to unify.” Talking at the InterOp Summit, Fluin began by asking the audience to join…
Ad Crypto exchange Gemini has denied reports that its banking relationship with U.S. banking giant JPMorgan has ended. In a March 8 tweet, Gemini said: “Despite reporting to the contrary, Gemini’s banking relationship remains intact with JPMorgan.” Coindesk previously reported that JPMorgan had ended its relationship with the Winklevoss twins-led crypto exchange. The media outlet…
Ad MakerDAO, the governance token behind the fifth most popular stablecoin DAI, is contemplating an increase in its United States Treasury bond investments to $1.25 billion from its previous allocation of $500 million. According to a proposal released March 6, the move would allow MakerDAO to capitalize on the current yield environment. Under the new…
Ad The cryptocurrency market is known for its volatility and unpredictability, and one aspect of this is the emergence of “shitcoins” – digital tokens with little to no real-world value. Recently, there has been buzz surrounding Ethereum co-founder Vitalik Buterin’s decision to sell some of these tokens, sparking speculation and discussion within the crypto community….
Ad Federal appellate court judges questioned the SEC’s arguments during the first appeals hearing on March 7 and asked the regulator’s lawyer what more Grayscale Investments needs to offer to satisfy its requirements regarding a spot Bitcoin ETF. Chief Judge Sri Srinivasan and Judges Neomi Rao and Harry Edwards of the District of Columbia Circuit…
Contributor at CryptoSlate Dorian Batycka is a journalist interested in art and technology. He has previously contributed to CoinDesk, Decrypt, Artforum, Artnet News, the Art Newspaper, and many others. He can be found on Twitter and Instagram @temp_projects, where he often memes his way through current financial and art news, scandals, and events.
Ad Uniswap Labs is encountering hurdles with Apple’s App Store over the release of its mobile wallet, even though its initial version was authorized in October. 1/ Introducing the Uniswap mobile wallet 🦄✨ A completely self-custodial, open-sourced mobile app from the most trusted name in DeFi. Now available as a limited early release – through…
Ad Glassnode data analyzed by CryptoSlate revealed that Binance accumulated 3.8 billion USD Coin (USDC) during the past three weeks. Binance’s USDC pool sits at 5.1 billion coins at the time of writing, marking a 292% increase over the past three weeks. USDC balance on Binance The chart below represents the USDC balance held on…