Cardano DeFi Projects Win More Users After FTX Collapse
One of the largest cryptocurrency exchanges, FTX, went bankrupt, signalling a new era in decentralized finance. Users are panicking and moving their money from centralized exchanges to wallets and decentralized exchanges (DEXs). In the last 30 days, two DeFi...
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Coinbase Partners with Truelayer for UK Bank Transfers
The crypto exchange Coinbase recently announced its partnership with TrueLayer. This partnership signals the introduction of Easy Bank Transfers for UK users. Coinbase is one of the first crypto platforms to provide rapid, secure deposits into their Coinbase accounts...
Ripple Seeking to Obtain Crypto License in the Republic of Ireland
Ripple, a cryptocurrency payments platform based in the United States, is seeking regulatory approval in Ireland in order to enter the European market. According to CNBC, Ripple General Counsel Stuart Alderoty stated that "effectively, Ripple is operating outside of...
Cardano-Based Stablecoin, USDA to Launch in 2023
Emurgo, the official investment arm of the Cardano blockchain, is set to launch USDA, a stablecoin, next year. USDA will be the Cardano ecosystem's first regulated, fully fiat-backed stablecoin. Although most stablecoins are backed by other assets, they are...
Bahamas Securities Commission Takes Total Control of FTX’s Digital Assets
The Securities Commission of the Bahamas has taken complete control of FTX Digital Assets. On the 17th of November, a press statement announcing the new user guidelines was made available to the public. The Securities Commission transferred all of...
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