Part-collateralized, part-algorithmically stabilized stablecoin, FRAX is the world’s first fractional-algorithmic stablecoin. The Frax protocol is ideologically pure, extremely stable, and highly scalable on-chain money that consists of a two-token system. The stablecoin Frax (FRAX), and the governance token Frax Shares…
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Market Update: Bitcoin Bulls Bounce Back, Dogecoin Slumps, XRP Jumps 18%
Digital currency markets have been regaining some of the losses felt last week as the entire crypto-economy has jumped back over the $2 trillion valuation mark. Bitcoin has risen above the $55k zone, while other digital assets have seen more…
Binance crypto exchange to launch its own NFT platform
Launching in June, Binance’s new NFT platform and marketplace will share the same account system as Binance.com. Binance, the world’s largest cryptocurrency exchange, is entering the nonfungible token industry by introducing its own NFT platform and marketplace. The company announced…
Gemini to launch Bitcoin cashback rewards on Mastercard credit card
The exchange will offer up to 3% cashback in the form of cryptocurrency for users of its upcoming Mastercard credit card. New York cryptocurrency exchange Gemini announced on Tuesday the pending release of the Gemini Credit Card, which will allow…
What’s holding crypto social networks back from greatness?
The crypto sector has an irresistible opportunity to be at the forefront of the next big social network — but there are a few issues that need to be ironed out first. Another rainy Sunday night. You’re browsing on Facebook…
Ether options open interest grows 80-fold amid rising institutional appetite
Open interest in Ether options trading has increased from $50 million to $4 billion over the last year. The massive growth of Ethereum’s futures and options arena is reportedly pointing toward significant institutional involvement in the second-largest cryptocurrency by market…
Iran’s central bank says officially mined crypto can be used to pay for imports
A developing strategy to mitigate the crippling effect of economic sanctions could see cryptocurrencies being used by Iranian firms to pay for imports such as raw materials and electronics. Iran is continuing to explore the potential use of cryptocurrency as…
Survey: 14% of Russians Think Cryptocurrencies Will Oust Fiat in 10 Years
A new survey revealed the different stances of Russians toward cryptocurrencies and fiat currency. Specifically, some of the respondents believe digital assets will replace fiat in ten years. Residents in Moscow Believe Cryptos Will Replace Fiat, While Others Are Skeptical…
Russian space agency uses blockchain to protect intellectual property
Roscosmos is the first organization to test Waves Enterprise’s IP Guard solution. Russia’s space agency, Roscosmos, aims to fight intellectual property infringement in the space industry wit blockchain technology. Roscosmos started testing an IP protection solution based on the Waves…
Indonesian regulators consider tax on cryptocurrency transactions
Officials are considering a tax on all cryptocurrency transactions in Indonesia. Indonesia’s Commodity Futures Trade Regulatory Agency (known as Bappebti) is considering levying a tax on all cryptocurrency transactions taking place on regulated exchanges within the country. Currently, 13 cryptocurrency…