Circle and Stanford’s Joint Effort: A Leap Forward in Blockchain Security?
In a significant advancement for blockchain, Circle Research, in collaboration with Stanford’s Applied Cryptography Group, has unveiled two groundbreaking open-source projects.
According to the official announcement, these initiatives address the...
Strongly Denies Illicit Financing Links And Justin Sun Ties
Circle has denied the claims made by the Campaign for Accountability about its business practices. Circle is a global financial technology company that facilitates online payments and the digital...
Borrowing USDC Is Very Expensive On Aave And Compound, What’s Going On?
Borrowing rates for USDC, one of the most liquid dollar-pegged stablecoin, remain high on Aave and Compound v2, two of the world’s top decentralized protocols. According to Kaiko, a...
Crypto Stablecoins Fall Short On Redemptions
A new report from the Bank for International Settlements (BIS) has revealed a critical insight into the crypto market: no current stablecoin can guarantee full parity with its peg...
VC Backed Billion-Dollar Stablecoin Project Fei Protocol Falls Below the USD Peg
The new decentralized finance (defi) stablecoin project called Fei had some issues this week after the 1:1 USD pegged token dropped well below its targeted $1 value. The Fei...
South African Companies Convert Cash Holdings Into BTC— Crypto Asset Is Hedge Against Devaluation
New reports emerging from South Africa suggest privately held firms are converting a portion of their cash holdings into bitcoin as they seek to hedge against currency devaluation. According...
Cream Iron Bank $36M Flash Loan Attack: Markets Re-Enabled While Asset Borrow Is Paused
Following the Cream Iron Bank flash loan attack, preliminary findings of a probe have shown that contracts and markets still function normally. As a result, markets have now been...
Bitcoin Payments for Private Flights Soar, 20% of Privatefly’s Revenue Stems from Crypto
Cryptocurrency users are leveraging their new-found wealth to fly more often with private jets. This week the directional aviation company Privatefly revealed that close to 20% of the firm’s...
