The sUSD token is backed by US Treasury bills, an asset considered low risk. Interest with sUSD works through the restaking modality. Solayer Labs is a re-staking protocol on the Solana network that launched a stablecoin, backed by real-world assets (RWA), that allows interest to be generated. Solayer works similar to a savings bank account, … Read more
UBS, the global private banking giant, announced on November 1 the launch of its tokenized investment fund. The fund is called “UBS USD Money Market Investment Fund Token” or “uMINT”. In a press releaseUBS explained that it is an investment instrument in money markets and that is based on the Ethereum network ecosystem. The institution … Read more
Polymarket users who consider Donald Trump as the winner of the presidential elections in the United States have decreased drastically in just 2 days, while Kamala Harris begins to regain advantage. Polymarket is a cryptocurrency betting platform that has gained popularity, not only for those who enjoy challenging luck, but because it has become a … Read more
The announcement was made on the same day that BTC almost marked a new all-time high (ATH). When there is FOMO, investors buy out of fear of missing out on potential profits. Michael Saylor, president of MicroStrategy (MSRT), detailed the company’s plan to raise $42 billion to acquire more bitcoin (BTC) as a reserve asset, … Read more
To obtain the rewards, users must open operations in a pair of BTC and stablecoin. It is required to link the Moonbix game account to the Binance account to participate. Binance, the exchange largest cryptocurrency company in the world, announced today, November 1, 2024, a new activity in collaboration with its already well-known Telegram game, … Read more
Bitcoin (BTC) fell back to $69,900 today after reaching $73,400, although it has already regained the $70,000 mark. Despite the fluctuations, there are signs that it can advance towards $80,000, supported by technical and market factors. According to Colombian investor and analyst Juan Rodríguez, despite the volatility, Interest in bitcoin continues to grow, marking a … Read more
The organization criticizes that under Gensler’s guidance, the SEC has been hostile towards the ecosystem “The SEC’s regulatory approach is harming US global technology leadership,” they say. The United States Blockchain Association claims that the bitcoin (BTC) and cryptocurrency industry has spent more than $400 million in defense against the Securities and Exchange Commission (SEC) … Read more
The governance is called Society DAO. The TON community will be able to submit projects, which will be rewarded for their performance. The team behind The Open Network (TON) announced the launch of Society DAO, a new governance model designed to democratize access to capital and resource allocation within its ecosystem. This model, aimed at … Read more
The financial director of the state of Florida, Jimmy Patronis, revealed that that Florida entity has approximately $800 million invested in cryptocurrency-related projects. “We have around $800 million in cryptocurrency-related investments in our state portfolio,” Indian the Florida official, who was interviewed on CNBC. Patronis indicated that the Florida State Board of Administration (SBA) must … Read more
Vladimir Putin, the president of Russia, approved legislation on August 8 that legalizes Bitcoin mining activity in the country. A part of said legislation officially comes into force today, November 1, 2024. Bliss law exposesalso according to the Duma, states that the requirements for carrying out bitcoin and cryptocurrency mining activities by natural and legal … Read more