Fundify — Blockchain and Crypto

2023-03-20 12:13:17 The central banks of Canada, England, Japan, the EU and Switzerland, together with the US Federal Reserve, made a coordinated decision to provide the market with constant dollar liquidity. Open / Comment

2023-03-20 10:22:15 Open / Comment

2023-03-13 14:49:10 The most interesting on the situation around Silicon Valley Bank and USDC.

— Circle launched automatic printing and redemption of USDC for customers through Cross River Bank , $3.3 billion USDC reserve risk removed, dollar peg restored.

— The top manager of Silicon Valley Bank turned out to be a former employee of Lehman brothers .

— Joe Biden personally promised to bring the perpetrators to the bankruptcy of Silicon Valley Bank and Signature Bank.

— Asset manager and tech lender Liquidity Group plans to provide about $3 billion in emergency loans to companies hit by the collapse of Silicon Valley Bank.

— Circle issued 408 million USDC today, the largest mint in the last 7 days.

— Binance Futures has launched a USDC perpetual contract with up to 30x leverage.

— The CEO of Circle said they would move the remaining money to BNY Mellon.

The peg of USDC, DAI and other stables to the dollar has almost recovered, but everyone is waiting to see if they will include a full-fledged conversion of USDC into dollars - if not, then the rampage will continue and will definitely affect the entire industry. Open / Comment

2023-03-13 09:03:27 Open / Comment

2023-03-10 20:08:41 Weekly top

Bankruptcy crypto exchange FTX said it has a total asset shortfall of $8.7 billion to cover customer claims, and $1.6 billion in bitcoin.

The Kraken exchange plans to launch its own bank, despite the difficult regulatory environment.

Pakistani banks will use blockchain technology for KYC.

Binance updated the Proof-of-Reserve system by adding new assets — at the moment, the reserves of the crypto exchange are ~$ 63 billion.

The Thai Cabinet has abolished corporate income tax and value added tax for companies issuing digital tokens for investment.

US President Biden will propose changes to crypto taxation to eradicate the practice of "wash trading" - also, the tax on income from crypto operations for a certain layer of investors can be doubled . Open / Comment

2023-03-10 20:05:33 The issuer of Tether (USDT) analyzed the articles of The Wall Street Journal and accused the publication of being biased towards the company. Open / Comment

2023-03-10 19:12:10 During today's fall of the crypto market, there was a 28% difference between the price of Ethereum on Coinbase and Binance. Open / Comment

2023-03-10 14:38:01 May 13, 2023 — Huobi terminates its NFT service Open / Comment

2023-03-03 20:26:50 Weekly Top

Brazil successfully conducted a CBDC pilot.

The Tel Aviv Stock Exchange (TASE), Israel's public stock trading platform, will allow non-bank clients to trade cryptocurrencies.

Binance announced partnership with the Georgian payment operator CityPay — now with Binance Pay you can pay with crypto in more than 600 establishments, restaurants, hotels and supermarkets.

Elon Musk is recruiting a team to develop a ChatGPT competitor.

Binance has launched a new Bicasso product that can create NFTs using AI.

Three Japanese banks will test stablecoins on an Ethereum compatible blockchain.

Ras Al Khaimah, one of the emirates of the UAE, is exploring the possibility of introducing crypto payments for services and services.

FTX has confirmed the loss of $ 8.9 billion of client funds. Open / Comment

2023-03-03 20:03:59 The European Union has introduced NFT into the updated anti-money laundering bill — European regulators believe that non-fungible tokens and NFT platforms should be strictly controlled by the relevant authorities. Open / Comment