Inflation-pegged ‘flatcoin’ launches testnet to track the cost of living
The concept of an inflation-linked "stablecoin" has been trialed before, but time is yet to prove whether it is working as intended.
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HK and Singapore’s mega-rich are eyeing crypto investments: KPMG
Despite the ongoing bear market, family offices and high-net-worth individuals in Hong Kong and Singapore are keen to invest in crypto or already have holdings.
Monitoring Crypto Whales: Korean Regulators With New Legislation (Report)
South Korea’s top monetary regulator – the Financial Service Commission (FSC) – thinks cryptocurrencies and stablecoins could facilitate money-laundering activities. As such, it will reportedly closely monitor the actions of…
Chainalysis: Stablecoins Used to Fight Devaluation and Inflation in Latam
According to Chainalysis, a crypto auditing and blockchain tracking firm, the use of dollar-pegged stablecoins is growing in Latam, specifically in Argentina and Venezuela, due to the common economic problems…
Binance USD (BUSD) Supply Surges as Stablecoin Wars Heat Up
Binance has been selling its USDC reserves and converting them into its own stablecoin, BUSD. On Oct. 23, The Block’s Frank Chaparro noticed the supply shift as the amount of…
Hong Kong Presents Digital Currency Prototype, Project Aurum
Financial authorities in Hong Kong have unveiled a prototype of the Chinese autonomous territory’s own central bank digital currency called Project Aurum. The two-tier platform features a wholesale interbank and…
Bitcoin Outperformed NFTs, US Stocks in Q3 But Not USD: CoinGecko Report
The crypto industry showed a mild recovery in Q3 after taking a significant plunge amid volatile conditions over the first half of 2022. According to the latest quarterly report published by…
Binance and Paxos-Backed Stablecoin BUSD’s Market Cap Climbs 22% in 2 Months
In mid-August, or 68 days ago, the market capitalization of the stablecoin BUSD was approximately $17.7 billion and since then, its grown 22.88% higher to today’s $21.78 billion. BUSD’s growth…
There were vast discrepancies in crypto markets during Q3: Report
The total crypto market cap actually increased in Q3 following a series of devastating sell-offs earlier this year.
Bitcoin Whales at 3-Year Low, Retail Investors at ATH
On-chain data revealed that the bitcoin holdings of larger investors – typically referred to as whales – have been on the decline for the past several months. At the same…
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