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Tag Archives: News

AAVE Outperforms All Cryptos by Market Value in the Past Four Weeks

AAVE outshined every crypto in the market, rising by 48% in the past month. New proposals brought to the protocol by its governance participants have kicked off the token’s rally. DeFi protocol Aave’s native token AAVE has caught the industry off guard, outperforming every top 100 crypto asset in the past four weeks. Its price has risen by over 48%. To put how impressive that is into perspective, the runner-up–Helium’s HNT–token has witnessed a price increase of 21%. AAVE’s price at the time...

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Hong Kong Regulator Takes a Strict Approach With Exchanges Wanting to be Licensed

Hong Kong’s FSC is dissatisfied with the exchange services provided by deemed-to-be-licensed crypto firms. If the exchanges do not adhere to the FSC’s requirements, they will not receive full licenses to operate legally in the jurisdiction. A Bloomberg report revealed that Hong Kong’s Securities and Futures Commission (SFC) is dissatisfied with crypto exchanges in the process of receiving a full operational license. Unnamed sources close to the matter told Bloomberg about on-site visits...

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12,000 Bitcoin Removed from USDD Reserves, Sun Responds

Tron founder Justin Sun has downplayed concerns following the removal of 12,000 Bitcoin, worth over $729 million, from the reserves backing Decentralized USD (USDD), a stablecoin governed by the Tron DAO Reserve. The action was recorded on August 19, when the blockchain observer Blockchair discovered that the Bitcoin was taken out of the address that was linked to the USDD collateral. This led to concerns on the social media platform x (former Twitter), where some of the users said that Sun...

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