But these firms are simply creating more and more of their products shipped on-chain, said M^0 Labs CEO Luca Prosperi, who believes a centralized party should not mint stablecoins and should not continue to fractionalize liquidity. As such, M^0 takes some of the
USDC issuer Circle Internet Financial said it is curbing support for individual consumer accounts to mint stablecoins, with currently only accepting qualified institutional clients. Source link
Algorithmic stablecoins like USTC are backed by a basket of assets, such as LUNA and bitcoin (BTC), without depending on any centralized third party to hold those assets. Most of the tokens, however, fall victim to a “death spiral” – with outflows or
The Terra Classic community has voted in favor of ceasing all minting and reminting activities related to TerraClassic USD (USTC), with the objective of reestablishing a stable peg between USTC and the U.S. dollar.In a recent proposal, the community voted with 59% in
„Arta nu este un lucru, este o cale”, spunea scriitorul american Elbert Hubbard. Pentru artiștii Bitcoin (BTC), calea este inspirată de Bitcoin, codul său, filozofia și imaginile sale. În unele cazuri, este chiar inspirat de meme. Bitcoin a devenit un „stil de viață”
The team behind the Harmony blockchain project has proposed the minting of up to 4.97 billion worth of its native token ONE to compensate victims of the $100 million Horizon Bridge hack in June. The proposal has been met with a significant amount of
Nonfungible tokens (NFTs) have taken the world by storm over the last year. Digital collectibles that were characterized solely as CryptoKitties in 2017 have since evolved into famous pieces of art, digitized music, high-end fashion for the Metaverse and a way for communities
Axie Infinity, the popular play-to-earn nonfungible token game, faced another attack on its Discord server earlier on Wednesday, leading to a compromise of its MEE6 bot.MEE6 is a popular discord bot mainly used for automating roles and messages and is used by numerous
Other parts of the ecosystem quickly moved to bolster their defenses. At 11:36 p.m. EST, Metaplex, the key steward of Solana NFT infrastructure and one closely intertwined with Candy Machine, tweeted it would soon deploy a 0.01 SOL “botting penalty” to help NFT
The official channel of the Bored Ape Yacht Club (BAYC) on the popular messaging service Discord was hit by a malicious tool that intended to trick users into minting fake non-fungible tokens (NFT) from the popular Bored Ape collection, the company said in
