Home Crypto New Stablecoins and Links to Traditional Finance — ZentaNews 5–26–2023

New Stablecoins and Links to Traditional Finance — ZentaNews 5–26–2023

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New Stablecoins and Links to Traditional Finance — ZentaNews 5–26–2023

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Bitcoin stablecoin #Stably, Euro pegged stablecoin expands to Avalanche, Binance halted Multichain bridges, international news, nft news, and more! #ZentaNews #CryptoNews #Web3News #InternationalNews

Original posts on Zentaurios.app

Stably Introduces USD, the First Stablecoin on the Bitcoin Network

Seattle-based fintech firm Stably has announced the launch of USD (hashtagged as #USD), the first stablecoin operating on the Bitcoin network. This represents a significant milestone as it’s the first time…

South Korea Bill Forces Officials To Reveal Bitcoin Holdings or Face Penalties

The South Korean government is taking measures to regulate the use of digital currencies like Bitcoin by its officials. The government is implementing new laws that will require …

US Congressmen Urge SEC to Maintain Definition of Qualified Custodian Unchanged

In a recent development, Congressmen Michael Flood and Ritchie Torres have written a compelling letter to SEC Chair Gary Gensler, urging the regulatory body to retain the current definition of “qualified c…

Russian Think Tank Profiles BRICS Bank as IMF Counterpart to De-Dollarize Credit Markets

The Roscongress Foundation, a Russian think tank, has profiled the New Development Bank, known as the BRICS bank, as an alternative to the International Monetary Fund (IMF) in its latest “Decolonization in…

EU Watchdog Believes Crypto’s Link to Traditional Finance Not Yet Systemically Risky

The European Systemic Risk Board (ESRB), in its most recent report on the “systemic implications” of cryptocurrencies, has stated that the crypto sector does not currently pose any systemic risks to the re…

U.S. Treasury Yields Rise and Bitcoin Stumbles Amid Debt Ceiling, Rate Hike Concerns

U.S. Treasury yields experienced a significant rise recently, stirring concerns in the financial markets. This increase is said to have caused Bitcoin, a leading cryptocurrency, to stumble….

Venezuela Aims to Reclaim Over $1.8 Billion in Gold Following the Dissolution of the Interim Government

Venezuela is actively seeking to regain control of more than $1.8 billion worth of gold deposited in the vaults of the Bank of England. This move comes after the dissolution of the interim government in th…

Florida Governor Ron DeSantis Joins US Presidential Race, Pledges to Safeguard Bitcoin

Ron DeSantis, the incumbent Governor of Florida, has officially announced his candidacy for the 2024 United States presidential race. DeSantis’ presidential bid was launched on Twitter Spaces, a live audio…

USBTC Aims to Become Bitcoin Mining Giant After Deal to Buy Celsius Assets

U.S. Bitcoin Corp. (USBTC) is looking to be one of the largest miners in the U.S. by increasing its computing power by 12.2 exahash/second (EH/s), following a deal to buy mining assets from bankrupt lender…

Binance Temporarily Halts Deposits for 10 Multichain-Bridged Tokens

Binance, a prominent cryptocurrency exchange, announced a temporary suspension of deposits for ten tokens bridged through the Multichain (MULTI) protocol. This decision comes after a period of stuck transa…

Circle Expands Euro-Pegged Stablecoin to Avalanche Blockchain

Circle, the financial technology firm known for its involvement with stablecoins…

Morgan DF Fintoch Accused of “Rugging” $31.6M in an Apparent Exit Scam

Morgan DF Fintoch, a crypto investment platform, allegedly conducted an exit scam on May 22, 2023, stealing approximately $31.6 million in user funds. The on-chain investigator Zachxbt reported these event…

Web3 Gaming Company Sorare Adjusted To Match The French Legal Framework

Sorare, a web3 fantasy sports company, is proposing an additional entrance option for participants living in France in order to comply with the country’s planned legislative framework for non-fungible toke…

Axie Infinity Now Allow Users To Forge Unique And Customizable PFP Avata

The blockchain game Axie Infinity has announced the debut of Axie Avatar Forge, which is a standardized and scalable means to give digital identity certificates to players.To begin, users may choose from a…

A Milestone Achievement: Herencia Artifex’s Cross-Genre NFT Project

The HXA project promotes a fusion of creativity that transcends conventional genre boundaries…

Unraveling the Intricate Web: The Key Differences Between the Metaverse and Virtual Reality

The journey of understanding technological marvels such as the Metaverse and Virtual Reality (VR) is fascinating yet intricate. Both are concepts deeply rooted in the realm of technology and digital experi…

Building A Winning Business Schedule That Meets Your Needs Mama

Building a schedule for your business is essential to ensure that all tasks are completed on time and that everyone is working efficiently. A schedule can help to increase productivity, reduce stress level…

Institutional Investors and Their Role in Starbucks Corporation

Institutional investors play a significant role in the Starbucks Corporation, with these investors owning more than half of the company As such, these institutions can collectively exert substantial influe…

“Welcome to The Access Age” at Kingfisher’s Corner™ Episode 24

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