Five pilot programs will gather data on a digital dollar in the United States over the next 12 months. Fortune 500 company Accenture has teamed up with Digital Dollar Foundation to conduct Central Bank Digital Currency, or CBDC, trials in the United States. Announced on Monday, May 3, the newly formed Digital Dollar Project will […]

South Korean political parties are now battling to catch younger votes amid the tough stance among higher government spheres toward digital currencies. As voters are disappointed by how parties are handling the issue, one of them has taken a step forward by talking about the forthcoming crypto tax. The Democratic Party’s Expectations on Cryptocurrencies According […]

Avatar developers Genies are set to launch an NFT marketplace on Flow later this year after closing a Series B funding round with $65 million. Digital avatar developer, Genies, has raised $65 million to build an NFT marketplace for digital avatars on the Flow blockchain led by several heavyweight investors, including Flow’s developers, Dapper Labs. […]

Leading yield farming platform DeFi Yield Protocol has launched its highly anticipated DYP Earn Vault. The Vault is an automated yield farming contract fully integrated with Compound Protocol and supports five markets, including ETH, WBTC, USDC, USDT, and DAI. Earn Rewards on DYP Earn Vaults Users can provide an asset to the DYP Earn Vault […]

Launched on Solana in collaboration with Burnt Banksy, Burnt Finance hopes to become a truly revolutionary auction protocol for NFTs and Synthetics.  What Is Burnt Finance?  Burnt Finance is the first completely decentralized auction protocol built on the Solana blockchain. Users can take complete control of the auction with the ability to mint and trade […]

Ghana’s Securities and Exchange Commission (SEC) recently warned residents of the West African country to avoid cryptocurrency transactions of any form. In the warning, the regulator reiterated that “cryptocurrencies are illegal in the country and are not regulated by the commission hence Ghanaians should stay away from them.” Risks Associated With Crypto In remarks made […]

Starting today, Coinbase supports Tether (USDT) at Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now buy, sell, convert, send, receive, or store USDT. USDT will generally be available in Coinbase-supported regions, with the exception of New York State. USDT trading is also supported on Coinbase Pro. Tether (USDT) is a stablecoin […]

Before the summer of 2020, DeFi was hardly on anyone’s radar. This was understandable given its under-one-billion-dollar TVL at the time, which represents a market cap that even a meme coin could surpass in a matter of months. Since then, from May 2020 to May 2021, an entirely new financial infrastructure has been created, boasting […]

The Maker Foundation has returned 84,000 MKR to the project’s DAO in a major milestone for the protocol’s road to decentralization. The MakerDAO Foundation has returned 84,000 MKR tokens from its development fund to MakerDAO’s governance module, marking a milestone in the project’s path to decentralization. In a May 3 blog post, the foundation notes […]

Overview Total spot trading volume at $2.64 billion, 18% higher than the 30-day average of $2.19 billion. Total futures notional at $745.7 million. The top five traded coins were, respectively, Ethereum, Bitcoin, Tether, Dogecoin, and Ripple. Many coins with double digit returns. The most impressive were OMG (+16%), Balancer (+16%), Kava (+16%), and Waves (+38%). […]