DAI’s fourth position of being the world’s 4th largest stablecoin, in terms of its market cap, has been snatched and the position has been successfully secured by “UST” which belongs to the Terra ecosystem. In 2021, there were many flips in a crypto-economy where cryptocurrencies and stablecoins flipped the positions of their rivals and earned…
As of December 12th, there is only 10% of Bitcoin that’s left for mining because 90% of the total supply that will ever exist is now in circulation in the market. It is interesting to note that 1.6 million Bitcoin is currently held by five crypto exchanges. The total supply cap of Bitcoin stands at…
A decentralized independent organization being based in Wyoming named “American-CryptoFed-DAO” has submitted a filing in two forms under the U.S. SEC (Securities-and-Exchange-Commission) to issue two alternatives of bilateral stablecoins called Ducat and Locke. As per the Form-10 submission of CryptoFed, the tokens are waiting for their registration to be called utility tokens operating on the…
David Marcus, Diem Association’s board member as well as head of Novi (a digital wallet), noted in the latest blog post that the Diem payment system had acquired the license for operating in almost every state. Marcus disclosed this news in the mid of a post. The post intended to elaborate the requirement of stablecoins…