Tag Archives: News

The stablecoin market has reached a new milestone, with its total market capitalization hitting an all-time high of $168 billion. This achievement follows 11 consecutive months of growth, as shown by data from DefiLlama. The current potential exceeds the maximum of $167 billion recorded in March 2022, indicating a clear recovery and growth stage for stablecoins. It is important to note that this data does not include a category often referred to as algorithmic stablecoins, where the value is...

The Secretary of the Department of Economic Affairs will draft a consultation paper by collaborating with Indian crypto stakeholders. Crypto regulations are much awaited by industry participants in India owing to its high adoption rate. The Indian government is engaging with crypto stakeholders to draft a consultation paper. That will help it develop its long-awaited regulations for the asset class. This approach of consulting stakeholders from the industry will allow the government to...

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Andrew Vara, a US trustee, has pointed out flaws in the FTX reorganization plan. A group of creditors also asked for the FTX estate to change the mode of repayment to cryptocurrency. A US trustee has challenged the current FTX reorganization plan. Alongside the trustee, Andrew Vara, a group of creditors have also asked for better reorganization to meet its needs. While about 95% of FTX creditors voted for the path the FTX estate has taken, these objections may warrant it to look into its...

Why have I been blocked? This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

Why have I been blocked? This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

Thailand’s authorities recently raided an illegal Bitcoin mine following several weeks of power outages in a local town. The raid took place on Sunday in Ratchaburi. It is a province located west of Bangkok. They took action after numerous reports of electrical disruptions in the area. Reports by AFP reveal that the early morning raid was conducted by the Provincial Electricity Authorities together with the local police. A chief district security officer named Jamnong Chanwong mentioned that...

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