In an ongoing governance vote, 99.98% of the participating AAVE token holders favor integrating PYUSD into AAVE’s Ethereum-based pool. The voting on the proposal, termed temperature check, floated by Trident Digital on Dec. 18, will end later Thursday. The vote follows decentralized exchange Curve’s December decision to host PYUSD. Source
The $1.3 billion may seem like a lot of money, but what the ECB’s asking for is no mean feat, Jonas Gross, chairman of industry group the Digital Euro Association (DEA), said in an interview. For the ECB’s expectations, the budget seems reasonable, he said. Source
Polkadot (DOT) is gaining pace above the $7.50 resistance against the US Dollar. The price is up nearly 15% and might rise further toward $10.00. DOT is showing heavy bullish signs from the $6.65 support against the US Dollar. The price is trading above the $8.00 zone and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $7.80 on the 4-hour chart of the DOT/USD pair (data source from Kraken). The pair could continue to rally unless the bears…
Ethereum price climbed higher above the $2,450 resistance. ETH outpaced Bitcoin and seems to be setting up for a larger increase toward $2,880. Ethereum is gaining pace above the $2,450 resistance level. The price is trading above $2,500 and the 100-hourly Simple Moving Average. There was a break above a key rising channel with resistance near $2,440 on the hourly chart of ETH/USD (data feed via Kraken). The pair is already up over 5% and might rise further above the $2,650 resistance. Ethereum Price Gains Strength Ethereum price started a…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. NuggetRush shines in ongoing presale Bitcoin ETFs could open the floodgates for crypto investment. NuggetRush (NUGX) is a new cryptocurrency that’s gaining attention in the market. However, excitement is palpable with spot Bitcoin ETF discussions dominating headlines and investors even expecting an XRP ETF down the line. NuggetRush The ongoing NuggetRush presale has sold over 142 million NUGX each at 0.015 USDT, raising over $1.6 million. NuggetRush deploys on Ethereum. It has…
Spot bitcoin ETFs are launching in the U.S. on Thursday. Here’s what the issuers and exchanges behind these products have to say. Original
About a dozen companies, including BlackRock, Fidelity and Grayscale, sought to create bitcoin (BTC) ETFs. In recent days they’ve announced – and, in some cases, slashed – the fees they plan to charge investors, suggesting a fierce battle to win investors’ money is ahead. These are spot ETFs, meaning they hold bitcoin itself, versus the already-approved bitcoin futures ETFs, which hold derivatives contracts tied to BTC. Source CryptoX Portal
Surprisingly, bankrupt crypto lender Celsius Network customers are now facing legal action from bankruptcy managers after making substantial withdrawals within 90 days before the company’s bankruptcy declaration. The bankruptcy managers have demanded that affected customers return some of their funds or potentially face further legal consequences. Customers Face Celsius Network’s Settlement Demands The filing, published on Tuesday, revealed that customers who withdrew over $100,000 within the specified 90-day period before July 12, 2022, find themselves at the center of the legal dispute. These customers have been notified through an official…
Libre, a groundbreaking web3 protocol by WebN Group and Laser Digital, harnesses Polygon technology for regulatory-compliant alternative investment management. WebN Group and Laser Digital have jointly introduced Libre, a web3 protocol powered by Polygon technology. Laser Digital, the crypto arm of Nomura, and WebN Group, a fintech and web3 incubation hub backed by Laser Digital and Brevan Howard co-founder Alan Howard, collaborate on this project. The institutions have arrived on Polygon CDK. For the first time, a financial institution-focused L2 is being built, settling to Ethereum. Introducing Libre, institutional web3…
In a landmark move, PayPal, the payment processor, has incentivized PYUSD liquidity on Curve Finance, the world’s largest stablecoin decentralized exchange (DEX) by trading volume. PayPal Incentivizing PYUSD Liquidity Via Curve This development, which Stake DAO first captured on January 10, sent shockwaves through the crypto community, with many experts predicting that Curve is on its way to becoming the go-to platform for institutional and corporate trading of on-chain stablecoins. PayPal incentivizes liquidity via Curve | Source: Stake DAO PayPal’s decision to incentivize PYUSD liquidity on Curve is a significant…