Secretary Yellen; UST Collapse Could Have Been Avoided With The Available Legal Framework

The ongoing crypto market turmoil and the de-pegging by two of the largest stablecoins earlier this week has caught the attention of regulators, particularly Treasury Secretary Janet Yellen. Testifying before the House of Representatives Financial Services Committee Thursday, Yellen brought up the issue of UST and USDT noting stablecoin issuers needed to be brought under existing financial regulations. “We’ve just […]

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Crypto Lotto Is New Way To Play The Lottery

A new online lottery system is shaking up the industry, by giving players the chance to win big prizes without having to risk their money. The Crypto Lotto uses blockchain technology to create a secure and transparent platform where users can buy tickets and watch the draw take place in real time. The concept of a crypto lottery is not […]

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Trust in stablecoins ‘infinitely more important’ than collateral

In light of recent market effects due to the collapse of the TerraUSD (UST) stablecoin, several questions should be answered about what makes a stablecoin usable as the crypto market expands. Co-founder of crypto financial service provider VegaX Holdings Sang Lee favors decentralized stablecoins over their centralized counterparts but thinks they must be coins that people can trust, which poses […]

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