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Terra Buys Another 2,943 BTC Worth $140 Million to Build its Stablecoin Reserves

After announcing intentions to release a stablecoin backed by BTC reserves worth in total of $10 billion, Terra has begun accumulating. The latest purchase came earlier today, and the blockchain…

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Global Crypto Economy Holds Above the $2 Trillion Zone for 5 Consecutive Days

The crypto economy has managed to remain above the $2 trillion mark during the last five days since March 22. Currently, the global cryptocurrency market capitalization is 1.3% higher during…

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Fed Governor Says ‘Blockchain Is Totally Overrated,’ Claims Crypto Is ‘Just Electronic Gold’

The American economist and member of the Federal Reserve Board of Governors, Christopher Waller, believes blockchain technology is “totally overrated,” even though the U.S. central bank “put a lot of…

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Bank of England Says Crypto Assets ‘Present Financial Stability Risks,’ Bank Begins Sketching Regulatory Framework

The Bank of England has revealed that it is working on sketching a regulatory framework for crypto assets, according to statements stemming from the central bank’s Financial Policy Committee on…

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Stablecoin Economy Nears $200B, UST Supply Jumps Higher, USDN Spikes 43% in 30 Days

During the last 12 months the stablecoin economy has grown massive and the current valuation today is only $13 billion away from tapping the $200 billion mark. This month, the…

Continue ReadingStablecoin Economy Nears $200B, UST Supply Jumps Higher, USDN Spikes 43% in 30 Days