Massachusetts Senator Elizabeth Warren did not hold back in her criticism of decentralized finance, expressing concern about how a run on stablecoins would affect the average investor. In a Tuesday hearing with the Senate Banking Committee discussing stablecoins, Warren questioned Professor Hilary J. Allen of the American University Washington College of Law as to whether a run on stablecoins could…
The stablecoin for the Terra ecosystem is a hair’s breadth away from flipping Maker’s DAI to become the fourth-biggest stablecoin by market capitalization, according to data from CoinGecko. TerraUSD (UST) currently has a market cap of $8.78 billion, whereas DAI corners $8.82 billion of the market. In terms of growth, though, UST has enjoyed impressive upwards momentum of late. In…
In brief Solana Ventures, Forte, and Griffin Gaming Partners have established a $150 million investment fund for games being built on Solana. Last month, Solana Ventures teamed with FTX and Lightspeed on a separate $100 million Web3 gaming co-investment fund. With crypto game Axie Infinity now the top-grossing NFT project overall in terms of trading volume, major publishers and indie…
NYDIG has raised an impressive $1 billion in a funding round led by WestCap.The institutional bitcoin broker is now valued at $7 billion.WestCap led what is likely the largest funding round in the history of Bitcoin. NYDIG has raised $1 billion in a new funding round led by growth equity firm WestCap, valuing the company at a whopping $7 billion,…
In brief Animator and film director Mike Judge will release his first Ethereum NFT today via SuperRare. “Dancing Dan” is a single-edition animated short that he began creating early in his career, but he also plans to create new content to release as NFTs. When Mike Judge tweeted an image last month that looked like “King of the Hill” characters…
Crypto exchange Binance is winding down its exchange operation in Singapore after the company decided to withdraw its application with the Monetary Authority of Singapore (MAS) to operate a digital asset exchange in the country. “Buying and selling of crypto from existing assets of users will be discontinued from 13 January 2022,” said Binance Singapore. Binance Withdraws Application to Operate…
On Tuesday, New York Digital Investment Group, or NYDIG, a financial institution specializing in Bitcoin financial services such as savings accounts, trading brokerage, 401(k)s, etc., announced it had secured a $1 billion equity investment led by WestCap. The funding places its valuation at nearly $7 billion. The firm has proved to be popular among institutional investors. Last year, Stone Ridge,…
beginner The industry keeps moving forward, and so does Changelly. We are constantly improving our services and enhancing the ecosystem of Changelly’s products to bring you the best crypto experience. Today, we will explain how to exchange cryptocurrency on the Changelly instant exchange platform and become a proud crypto HODLer in just several minutes. This tutorial consists of two parts:…
In brief Moonray is an NFT-driven metaverse game built on Stacks, a network that makes use of the Bitcoin blockchain. The developer, Moonray PBC, raised a $3.5 million seed round led by Animoca Brands. The metaverse is taking shape, and while Facebook’s vision of it might still be years off, Ethereum-based game worlds like Decentraland and The Sandbox are already…
beginner Changelly introduces another token joining the family of over 200 cryptocurrencies available on the platform. Now, users can effortlessly exchange DAR tokens at floating rates. DAR is the governance token of the Mines of Dalarnia (MoD) game. It also serves as the default currency of the Dalarnian world and is used for upgrading tools and trading on marketplaces. Players…
