Search Results for: conversion

Stablecoin Economy Continues to Deflate — USDC’s Market Cap Shed $6.7 Billion in 83 Días

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Just over two months or approximately 83 hace días, the stablecoin usd coin (USDC) had a market valuation of around $55.52 billion and since then, USDC’s market capitalization has lost 12.05%. For most of 2022, the second largest stablecoin by market…

Circle CEO, Paxos, and Trueusd Speak on Binance’s Stablecoin Auto-Conversion Decision

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En septiembre 5, Binance explained that it planned to drop a number of usdc trading pairs and auto-convert specific stablecoin balances into busd by September 29. While the move was controversial among crypto proponents on social media, Circle Financial CEO Jeremy…

Saudi Chemicals Producer SABIC Launches Blockchain Pilot Project

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A Saudi Arabia-based chemical manufacturer has said its recently launched blockchain pilot is expected to uncover the possibilities of the technology “in supporting end-to-end digital traceability of circular feedstock in customer products.” The benefits expected to accrue from using blockchain include…

Bitso Partners With Addem Capital to Provide Cryptocurrency Investment Instruments in Latam

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Bitso, the Mexico-based cryptocurrency exchange, has announced a new partnership with Addem Capital, a debt fund that provides startups and other companies with financing options. The cryptocurrency exchange will process payments for the fund and provide conversion functions, allowing it to…

HUMAN Protocol Foundation Awards Grant to VeritaTrust to Build on-Chain Rewards for Reviews

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PRESIONE SOLTAR. Georgetown, Cayman Islands, Mayo 10, 2022 – Este Dia, HUMAN Protocol has announced that it has awarded a grant to VeritaTrust to power on-chain reviews. Following the announcement of HUMAN Protocol’s $10 Million funds dedicated to grants, this work with…

Omán incorporará la tokenización de bienes raíces en el marco regulatorio de activos virtuales

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La tokenización de bienes raíces se incorporará a la Autoridad de Mercados de Capital de Omán (OCMA)’s marco regulatorio de activos virtuales. Según un asesor de la autoridad, la tokenización de inmuebles abrirá oportunidades de inversión para inversionistas locales y extranjeros. Real Estate…

Veredicto de demanda de Bitcoin de mil millones de dólares apelado: el autoproclamado inventor de Bitcoin espera una victoria

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The law firm representing Ira Kleiman has sent a notice of appeal to the Florida District Court in an attempt to appeal the court’s rejection of a Kleiman v. Wright retrial. The self-proclaimed Bitcoin inventor, Craig Wright, was cleared of all…

Analysts Warn of Regulatory Risks if Russia Is Able to Use Crypto to Evade Sanctions

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Russia could turn to cryptocurrency if it is banned from the SWIFT payments system. Analysts have warned that if Russia is able to use crypto to evade sanctions, “political support in the U.S. for crypto will fall and regulatory risk will…

Fitch Ratings Downgrades El Salvador Deeper Into Junk Status Citing Bitcoin Risks

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One of the largest rating agencies in the U.S., Fitch Ratings, has downgraded El Salvador’s long-term default rating deeper into junk status, citing risks from adopting bitcoin as legal tender as a key reason. “The adoption of bitcoin as legal tender…

IMF Tells El Salvador: Los costos de hacer que la moneda de curso legal de Bitcoin supere los beneficios potenciales

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The International Monetary Fund (FMI) has told El Salvador that the costs of implementing the country’s Bitcoin law, which makes the cryptocurrency legal tender, exceed the potential benefits. The IMF has also urged El Salvador to dissolve the “Fidebitcoin” trust fund…