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Platypus Finance divulges its plans for recouping

Following the $9.1 million hack, Platypus Finance has sought advice from security professionals to address two of...

BUSD Stablecoin Plunges 20 Cents On The Binance Exchange

Last updated Feb 23, 2023 Reportedly BUSD stablecoin was trading at around 80 cents on 22 Feb 2023 amid decreasing supply of BUSD stablecoin...

TUSD Leverages Chainlink Proof of Reserve for Real-Time Verification of Stablecoin Minting – Bitcoin News

On Wednesday, the stablecoin project Trueusd announced that it is leveraging Chainlink Proof of Reserve (POR) technology to provide real-time verification for the...

Ethereum gas usage spikes for stablecoins; primarily inflows in USDT

Definition The relative amount (share) of gas consumed by the Ethereum network by category. Transactions are classified into one of the following categories: Stablecoins: Fungible...

Binance Increases USDC Holdings as BUSD’s Market Cap Slides Lower – Bitcoin News

Eight days ago, Paxos announced that the company would no longer mint the stablecoin BUSD. Since then, the coin’s market capitalization has been...

Revert Finance hacked: Users got revoke approvals

Revert Finance, an AMM liquidity management protocol, confirmed through a tweet that the “v3utils” contract was hacked, and 90% of the...

A deep dive into the implications of the lawsuit and its effects on stablecoins

Paxos faces SEC lawsuit over BUSDOn Feb. 13, the U.S. Securities and Exchange Commission (SEC) enforcement division issued a Wells notice to Paxos,...

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House releases crypto tax bill one day before CLARITY Act vote – What it entails

The U.S. House Ways and Means Committee released...