Search Results for: Balances

Demand for UST Keeps Rising, Luna Foundation Guard to Burn 4.2 Million LUNA From Treasury

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The Luna Foundation Guard (LFG), a nonprofit organization, has announced new measures to keep the supply of UST, the flagship stablecoin of the Terra ecosystem, liquid in secondary markets. The protocol has already reached the max issuance of UST per day,…

Kenyan Central Bank Document Discusses Benefits and Risks Posed by CBDC — Public Asked to Comment

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Kenya’s central bank has acknowledged in a recently released document that a central bank digital currency could potentially benefit the country’s financial system. The bank, however, warned that rolling out a CBDC could also pose risks to the same. CBDC’s Impact…

IMF Tells El Salvador: Costs of Making Bitcoin Legal Tender Exceed Potential Benefits

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The International Monetary Fund (IMF) 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…

Major Turkish Crypto Exchange Coinzo Shuts Down

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Coinzo, one of Turkey’s largest cryptocurrency exchanges, is terminating its digital asset trading services. The platform said its website will remain online in the next six months to allow users to withdraw their holdings in cryptocurrency and Turkish fiat money. Another…